-The Hindu Business Line They milk tax breaks in ways that smaller firms can’t, paying only 23.9% tax on average New Delhi: India’s most profitable companies paid 23.9 per cent tax on an average on their profits for financial year 2016-17, about 10.7 percentage points lower than the statutory rate of 34.6 per cent, helped by a wide range of concessions and incentives, the latest Budget documents show. These companies, 335 in all,...
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Budget 2018 has incentivised unsustainable groundwater use: SANDRP -Jayashree Bhosale
-The Economic Times PUNE: The budget allocated Rs 2600 crore for ground water irrigation scheme in 96 deprived irrigation districts. However, water sector activists claim this scheme will blindly incentivise use of groundwater in unsustainable matter. The Finance Minister announced in his speech: Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani will be taken up in 96 deprived irrigation districts where less than 30% of the...
More »Political Messaging Masks Budget 2018's Actual Delivery in the Social Sector -Yamini Aiyar and Avani Kapur
-TheWire.in Even as schemes have received minimal allocations, this budget signals an important shift in the political narrative. Gone is the focus on jobs, skills, aspirations and empowerment. Arun Jaitley had a difficult choice to make this budget. Maintain fiscal prudence or respond to growing demands for public expenditure in light of growing rural distress and at the same time keeping an eye on 2019. He did this today with great panache....
More »Why Budget 2018 is too late, too little for the rural economy -Himanshu
-Livemint.com While Budget 2018’s agriculture focus may not revive the rural economy, whether it fetches any votes for the Narendra Modi govt will only be known next year Since this was the last full budget of the Narendra Modi-led government before the general elections next year, its contours were more or less known to everybody. The budget in that sense did not surprise. Given the tight fiscal situation, it was expected that...
More »'Pink' economy Survey: Adverse sex ratio has led to 'missing' of 63 million women in India
-PTI NEW DELHI: Breaking from past, the Economic Survey for 2017-18 was printed in pink colour as it waded into the problem of gender bias prevalent in India. Indian parents continue to have children until they get the desired number of sons, it said observing that the adverse sex ratio of females to males has led to 63 million "missing" women. The pre-Budget annual document detailing state of economy was in the...
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