While growth is likely to moderate in the coming quarters due to waning base effect, achieving the pre-pandemic level of…
Improving PSB governance and IBC reform will be key to this
It focused on rationalisation of rates and the tax structure, and simplification of the process
The solution lies in ensuring adequate supply and not making ad hoc changes to GST rates
Vaccine is a national public good, and it must be financed through taxation and made available to all uniformly without…
The sector-wise estimate for Q4, deciphered from the three quarter estimates and the second advance estimate for the whole year,…
Union Budget 2021 India: A fine balance has to be struck to ensure that more allocations are made to the…
A 10% Contraction in tax revenues and a shortfall of Rs 50,000 cr in non-tax revenues & central grants means…
Govt did well on Farm, medical education, etc, reforms. Now, it must work on bank reforms, judicial & police reforms…
There was no reference to “Act of God” in the GST agreement, nor was it provided that the states will…
Reducing the states’ share in the divisible pool of taxes because the Centre requires fiscal space to recapitalise PSBs is…
Apart from the rate-structure maze, another reason why GST revenues are missing the mark is poor compliance, which the GST…
The stimulus announced by the Union finance minister in five instalments is not likely to have much impact in reviving…
In the face of the corona-crisis, the Centre must postpone the fiscal consolidation, and even relax states’ fiscal deficits, while…
Overestimating tax revenue collections leads to harassment of taxpayers, and poor budget management. Independent fiscal institutions can help india overcome…
The IMF report states that the downside risks to growth can arise mainly from the inability to undertake structural reforms,…
Structural and operational reforms—reducing number of tax slabs and broadening the base, etc—must be undertaken once tax revenues become relatively…
As capital is highly mobile, taxing it at high rates may lead to its flight, thereby having adverse effects on…
