Budget 2018: The response to last year’s Economic Survey was overwhelming, humbling, and of course, burdening. According to behavioural economics, humans place greater welfare weights on avoiding loss than experiencing equivalent gain.
Unrebated taxes on power Will lead to increased costs and lower margins by 1-3% for several industries, eroding competitiveness and undermining Make-in-India
Public-to-private lending has proved toxic. It may be better to have more private-to-private lending and private-to-public lending
It must be accepted that the GST suffers from weaknesses largely related to the exemption of so many items from its scope: alcohol, petroleum, electricity, land and real estate, health and education.
After the steps taken to reduce black cash and streamline election finance, the natural follow-up step is to clean up one of the biggest sources of black money—land and real estate.
There is free flow of goods, people, and capital across India. Yet, income and health outcomes are not converging
Growing arhar instead of paddy can help tackle pollution, increase yields and improve soil health
It is quite likely that the GVA numbers are signalling a real improvement in the economy
These will offset the challenges apparel exporters face, from higher duties in major markets to domestic hurdles.
The Rs 12,700-crore figure indicated potential savings, not the actual in FY15
The rich world’s move against fossil fuels is a disaster for India, and other poorer countries.