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When Finance Ministry takes to fakery
It is absurd for the ministry to say 5.5% inflation in FY22 didn’t hurt the poor and even more so its claim that a fall in inflation from 6.2% in FY21 to 5.5% in...
It is absurd for the ministry to say 5.5% inflation in FY22 didn’t hurt the poor and even more so its claim that a fall in inflation from 6.2% in FY21 to 5.5% in...
Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
Have you ever wondered why food and fertilizer assistance to poor citizens is called “subsidy” but tax assistance (tax cuts, tax holidays etc.) to rich corporates is called “incentive” or “stimulus”? Or why when...
A truly historic development took place in the US earlier this month which has attracted little attention in India. The workers of tech giant Amazon’s New York warehouse forced the second-largest employer in their...
In pursuance of its policy of monetisation of national assets, the government earlier this month approved the setting up of the National Land Monetisation Corporation (NLMC). It would be a government-owned company with the...
The Modi government’s accounting jugglery and gaslighting are legendary. Yet, here is one more instance, which is a work-in-progress, and threatens to further damage the society and the economy.
The Russian belligerence and the unfolding war has led to an immense humanitarian crisis and the sanctions, while purportedly aimed at hurting the government of the aggressor, also have the potential of causing immense...
One of the striking factors in the BJP’s electoral win in the just concluded election in five states is the role welfarism played in overcoming anti-incumbency.
In August 2021 the NDA government unveiled its grand design to put chunks of the nation’s public assets on lease for private profits. The plan has been named the National Monetization Pipeline, the idea...
Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...
The Prime Minister perfectly summed up his government’s approach to the budget and the underlying economic thinking while briefing his party workers a day after the budget.
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax – contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
The government has over the years made its priorities clear as to whose interest it serves. It is evident from the fact that the government continues with its gross underspending on key social sectors...
In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...
In her last budget speech in 2021, the Finance Minister declared the government's disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have been made to set...