-The Indian Express A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. The quantum of the revenue loss will depend on how deep the tax cut is. Finance Minister Nirmala Sitharaman has said that the government is considering cutting tax rates to revive growth. “Tax rate cut is one among the many things we are thinking to boost growth,” Sitharaman...
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Government working on more measures to boost economy: Nirmala Sitharaman
-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures...
More »The setting sun on India's solar dreams -Tanya Thomas
-Livemint.com * Caught in an economic slowdown, India’s clean energy transition is likely to go for a toss. What will be the cost? * The ongoing slowdown in economic growth and electricity demand has worsened the deep stress in India’s renewable energy industry, sending it into a tailspin MUMBAI: In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts...
More »RCEP's threat to agriculture staved off, but that does not solve the sector's problems -Siraj Hussain
-TheWire.in In the last five years, India’s exports of agricultural commodities have gone down from $43.25 billion in FY 2014 to $39.20 billion in FY’2019. The run-up to the RCEP leader summit in Bangkok last week was truly amazing. While farmers and trade union activists from both the Left and Right were opposed to India signing the RCEP, the government seemed to be in two minds. Indeed, senior ministers were reluctant...
More »The link between jobs, farming and climate -Pulapre Balakrishnan
-The Hindu It is imperative to focus on agricultural production in devising a long-term solution to the problem of unemployment At a panel discussion hosted recently by the students of Delhi’s Ambedkar University, the topic was, ‘Are we heading for an economic crisis?’ Presumably, they had been prompted by the all-absorbing news of a slowing economy. It is indeed correct that such a slowing is taking place. Growth has slowed for the...
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