-PTI * Subhash Chandra Garg from the tax revenues perspective, 2019-20 is proving to be a dysfunctional year * Former finance secretary says corporate tax, excise duties and customs are likely to see negative growth in collections in 2019-20 NEW DELHI: The government's tax collection is likely to fall short of its estimate by Rs2.5 lakh crore or 1.2% of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while...
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Explained: A new controversy on India's fiscal deficit -Udit Misra
-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...
More »Could air pollution crisis come early this year? -Kabir Agarwal
-TheWire.in A sudden spike in farm fires has prompted Delhi chief minister Arvind Kejriwal to write to his Haryana and Punjab counterparts. New Delhi: With the arrival of the paddy harvesting season, there has been a sharp increase in the number of farm fires reported in Punjab. There were 107 fires between September 24 and 26 this year compared to just 11 in the same period last year, according to a report...
More »Our notions of motherhood -Gargi Mishra
-The Indian Express Bill to promote altruistic surrogacy gives short shrift to women’s agency. The Lok Sabha passed the Surrogacy (Regulation) Bill 2019 on Tuesday. The Billl aims to regulate the practice of surrogacy in India and allow only “ethical altruistic surrogacy”. The Bill was first introduced in the lower house in November 2016, then referred to the Parliamentary Standing Committee on Health and Family Welfare. It was introduced and passed...
More »GDP growth slumps to 5.8% -Yuthika Bhargava
-The Hindu Slowdown in the economy was led by sluggish growth in the agriculture, forestry and fishing sector (2.9% growth), the mining sector (1.3% growth) and manufacturing (6.9%). India’s GDP grew at 5.8% in the January-March 2019 quarter, dragging down the full year growth to a five-year low of 6.8%. The unemployment rate in the country rose to a 45-year high of 6.1% in 2017-18, as per official data released on the...
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