-The Indian Express The Centre is set to cut annual budgetary expenditure for current fiscal by nearly Rs.2.2 lakh crore or 8 per cent from the Budget Estimate. With tax revenue growth lagging the required rate by a wide margin, the Centre is all set to cut the annual budgetary expenditure for the current financial year by nearly Rs 2.2 lakh crore or 8 per cent from the Budget Estimate (BE). The...
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States stare at over Rs.1 lakh crore revenue gap post withdrawal of GST compensation
-PTI At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula States might be facing a consolidated revenue gap of up to Rs.1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank...
More »CAA, NRC introduce meddlesome officialdom into a question as fundamental as citizenship -Abhijit Banerjee & Esther Duflo
-The Indian Express CAA and NRC introduce a meddlesome officialdom into a question as fundamental as citizenship. Why not open our doors to all who sign up in our national mission of being democratic, open, tolerant and inclusive? In 2014, then candidate Narendra Modi’s slogan of “maximum governance minimum government” had resonated with many voters who felt that the Indian government loomed too large in their lives while delivering too little to...
More »Fresh concerns for basmati exporters awaiting Iran dues -Harish Damodaran
-The Indian Express Rice exporters alone are said to be stuck with receivables of Rs 800-900 crore against shipments made till June 2019. A major hit to India from the uncertainty triggered by the assassination of Iran’s most powerful military commander could be to its multi-billion dollar basmati rice export industry. The Islamic republic accounted for $1.56 billion (Rs 10,790.02 crore) out of India’s total $4.71 billion (Rs 32,804.30 crore) worth of...
More »Added sugar intake is highest in Mumbai, Ahmedabad: ICMR study -Bindu Shajan Perappadan
-The Hindu Women consume more sugar than men, says first such survey of seven Indian metros The mean intake of added sugar among metro cities of India, measured in grams per day, is the highest in Mumbai and the least in Hyderabad, according to a survey undertaken by the Indian Council of Medical Research (ICMR)-National Institute of Nutrition (NIN), Hyderabad, and sponsored by the International Life Sciences Institute-India (ILSI-India). The joint initiative by...
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