-TheWire.in While the revenue deficit is estimated to increase in the Union Budget in comparison to the interim one, the fiscal deficit shows a decline thanks to the increase in capital receipts especially through disinvestment. A comparison between the Interim Budget (IB) presented on February 1, 2019, and the full Union Budget (FB) presented before parliament on July for the current fiscal year (2019-20) throws up some intriguing questions. While most commentators have...
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A new mandi tax -Harish Damodaran
-The Indian Express A 2 per cent TDS on cash withdrawals beyond Rs 1 crore may hit the farm trade hard. One of the 2019-20 Union Budget’s less-discussed proposals, having significant implications for agricultural trade, is the levy of a 2% TDS (tax deducted at source) on cash withdrawals exceeding Rs 1 crore in a year from any bank account. The levy — aimed at promoting “digital payments” and a “less cash...
More »Explained: Why the world is debating data flow -Karishma Mehrotra
-The Indian Express Should data be allowed to flow freely or localised at source? As IT Ministry prepares to present data protection Bill in Parliament and countries argue at global forums, a look at both sides of the debate. The IT Ministry’s Bill on data protection is scheduled to be introduced in Parliament during the current session. Worldwide, the data flow debate is playing out at the World Trade Organisation (WTO)...
More »Delhiites' per capita income thrice the national average
-The Hindu City’s revenue collection registers a growth of 14.7% in 2017-2018; debt problem ‘well under control’, states Economic Survey tabled in Assembly New Delhi: The Delhi government’s revenue collection, the per capita income of Delhiites and the percentage of growth of the Gross State Domestic Product (GSDP) of the Capital are all estimated to see an upward trend, according to the Economic Survey of Delhi 2018-2019. Tabled by Delhi Finance Minister Manish...
More »Moving away from 1% -Soumitra Ghosh
-The Hindu Sluggish health spending can be reversed with a substantial increase in the allocation for health in the Union Budget India’s neighbours, in the past two decades, have made great strides on the development front. Sri Lanka, Bangladesh and Bhutan now have better health indicators than India, which has puzzled many. How could these countries make the great escape from the diseases of poverty earlier than their much bigger neighbour? India’s...
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