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Two sides of the coin: Tax incentives and revenue forgone -Suraj Jaiswal and Neeti Biyani

-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....

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Numbers That Count: An Assessment of the Union Budgets of NDA II -CBGA

-Centre for Budget and Governance Accountability (CBGA) The Interim Union Budget 2019-20, the last budget presented by the incumbent government, comes at a time when the economy is beset with myriad problems. Among the various challenges facing the economy, perhaps the most critical are those related to the acute agrarian distress, burgeoning unemployment and slowing down of the economy. While it is true that many of these problems began prior to...

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Square pegs, round holes -Amartya Lahiri

-The Indian Express Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data. The interest in this year’s Union budget had been high for obvious reasons. It being an election year, there were expectations of a major spending package focused on struggling sectors such as agriculture. The budget didn’t disappoint as the finance minister announced an income support programme for farmers, raised the tax-free income...

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Missing the gender-infrastructure link -Simrit Kaur, Sanchita Joshi & Vaibhav Puri

-The Indian Express Why Niti Aayog’s evaluation of Sustainable Development Goals has room for improvement. The NITI Aayog should be complimented for releasing the “SDG India Index Baseline Report 2018”. The document tracks India’s progress at the sub-national level on 13 of the 17 Sustainable Development Goals (SDGs). The launch of an index that maps India’s endeavours at sustainable development is significant in several ways. The performance of the world’s second-most...

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Education and Employment Drew Blanks in the Interim Budget -Kiran Bhatty

-TheWire.in The new vision wants youth to figure out education and skills on their own but still expects them to be the drivers of economic progress. Piyush Goyal, presenting the interim budget, called it a road map for peoples’ development – a fitting description for an election year budget. Accordingly, it contained the expected sops to farmers (income support), to the middle class and home owners (increase in income tax and rental...

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