-Hindustan Times Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people...

-Financial Express This is of special interest as FY22 was challenging on several fronts, needing govt intervention Budget FY23 will, of course, be Important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget. But, also Important will be the revised numbers for the different estimates...

-Business Standard The share of GST collections in GDP has stagnated, even as IGST revenues from Imports have gone up sharply The Modi government is elated over the steady improvement in the collection of goods and services tax (GST) in recent months. Along with the sharp growth in collections of other Union taxes, GST collections have also crossed the Rs 1-trillion mark for each of the last six months beginning July 2021. Please...

-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...

-Down to Earth A breach in the dam could affect millions of lives and damage property Gandhi Sagar Dam on Chambal River in Madhya Pradesh is in need of immediate repair, warned a new report. It is one of the five water reservoirs of national Importance.  Absence of regular checks, non-functional instruments and choked drains are the major problems plaguing the dam for years, the report by the Comptroller and Auditor General of...