-Scroll.in The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such ‘ill-conceived views’ in public. The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it “an act of indiscipline”, NDTV reported. In a 44-page report titled FORCE, or Fiscal Options and...

-The Hindu An opening up has to be accompanied by an increase in relief budget for the most vulnerable After a 39-day lockdown, what will be the shape of things to come? How should one strike a balance between ensuring livelihoods, minimising strife, and maintaining social distancing? In a discussion moderated by G. Ananthakrishnan, Reetika Khera, and Giridhar R. Babu examine the options. Edited excerpts: * With less than a fortnight left for...

-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous  Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...

-Outlook India The government needs to have a large fiscal stimulus. It needs to put more money in the hands of the poor and vulnerable, Jayati Ghosh, development economist, and professor at Jawaharlal Nehru University tells Outlook. The government recently announced Rs 1.7 lakh crore economic package to help the poor deal with the impact of coronavirus and a 21-day nationwide lockdown imposed to contain the spread of the disease. Experts think...

-The Telegraph The finance minister's relief package, like some other interventions, is a case of smoke and mirrors India has jumped in with a Rs 1.7 trillion package of fiscal measure to provide relief to the poor and other vulnerable sections of its population stricken by the impact of the coronavirus crisis. The finance minister, Nirmala Sitharaman, unveiled the package with some flourish. But when experts pored over the measures, it became...