-TheCitizen.in The corporate capital has launched a final assault in its desparate bid to extricate itself from the worst crisis it has encountered. Having swallowed industry, trade and Finance, it has now turned its greedy eyes on land and peasantry, along with peoples’ assets in the public sector including public infrastructure and services in health, education and social welfare. Most importantly, it has its gaze fixed on fertile tropical and subtropical land and...
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20 states gets additional borrowing permission of Rs 39,521 crore
-The Telegraph They have completed the 'ease of doing business' reforms stipulated by the department of expenditure Twenty states have completed the “ease of doing business” reforms stipulated by the department of expenditure, which would enable them to get an additional borrowing permission of Rs 39,521 crore through open market borrowings, the Finance ministry said on Saturday. “States completing ease of doing business reforms are eligible for additional borrowing of 0.25 per cent...
More »Five more States complete ease of doing business reforms
-PTI/ The Hindu With this, 20 States are now eligible for an additional borrowing of 0.25% of Gross State Domestic Product. As many as 20 States have successfully completed ease of doing business reforms, the Finance Ministry said on Saturday. States completing the reforms are eligible for additional borrowing of 0.25% of Gross State Domestic Product (GSDP). “The number of States that have successfully completed the 'Ease of Doing Business' reforms has reached to...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »The bad news from state budgets -Ishan Bakshi
-The Indian Express States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery. Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state Finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during...
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