Depending on whom you ask, Indiaâs government is either being bold in raising the effective threshold for paying tax by 1.7 times. Or itâs a tacit admission that consumption taxes are so high that even people making five times the average adult wage are struggling to fork out income taxes. As I wrote in January,…
Hours after Congress leader Sonia Gandhi said President Droupadi Murmu was ‘getting tired by the end’ of her speech in Parliament on the first day of the Budget Session 2025, Prime Minister Narendra Modi on Friday condemned the derogatory remarks against the President. Besides, Sonia Gandhi, Independent MP and Congress supporter Pappu Yadav also criticized…
Life is normal again. Economic activity in most countries is humming, much as before. However, the costs of the global economic disruption are still evident in government finances. The massive intervention to support households, firms and national economies was inevitably costly. Global public debt is now more than $100 trillionâand still rising. This is the…
The Union Budget for 2024-25, in my view, has certainly drawn up a detailed roadmap and laid foundations for âAmrit Kaalâ to pursue the goal of a âViksit Bharatâ. The government has articulated well its planning to foster long-term growth drivers for sustainable development, improvement in productivity, and creating opportunities for all. The Budget envisages sustained…
R. Dinesh | Photo Credit: AFP I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. While each of the nine tracks highlighted in the budget have many areas to appreciate, the focus on employment generation will be a…
The 2024 Budget signals policy continuity. The economy and the fiscal situation are in fine fettle. We are targeting real growth rates of 7%+ whilst keeping fiscal deficit at 4.9% for the year gone by (versus the 5.1% indicated earlier) and reducing it further to 4.5% in the coming year. Reassuringly, we are continuing to…
