-ThePrint.in GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments. The introduction of the Goods and Services Tax or GST was supposed to create a unified market of 1.4 billion people and encourage entrepreneurship and job creation. The other aim was to bring more and more firms into the formal sector of India’s economy, which will help expand the tax...
More »SEARCH RESULT
Total Matching Records found : 73
Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »Hard bargains and the art of policymaking -MR Madhavan
-The Hindu Discontent over the new farm laws is a result of sidestepping debate and discussion in Parliament The ongoing farmers’ agitation epitomises the need to have detailed discussions and consultations while making law and policy. The process of building consensus and addressing concerns may be time-consuming, but it leads to greater acceptance of policy objectives. While such work has to be done at multiple levels, Parliament is perhaps the most important...
More »Farmers are paying more, even under schemes meant for their benefit -Ajay Vir Jakhar
-The Indian Express Each of the poverty alleviation programmes seems to have a recurring theme — being funded by the poor themselves. The rodomontade about heralding a new epoch of prosperity six years ago is gradually evaporating. It appears the PM is in the dark about the delivery of his government’s policies, just as the Congress leadership seems clueless about issues on the ground. Four specific pain points unmask the gap between...
More »Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
More »
