The problem with multiple rate categories is that it complicates the structure, adds to both administrative and compliance costs, leads…
After the 101st Constitutional Amendment enabled both the Union and the state governments to levy the Goods and Services Tax…
Unfortunately, global experience shows that governments want to spend the maximum they can and there is a danger that they…
The broad thrust of his reforms was to move away from the levy of extortionary rates
The govt must contain fiscal deficit to create borrowing space for the private sector
The extent and speed of recovery depends on the pace at which reforms are calibrated.
Despite the Fourteenth Finance Commission providing a different framework, “cooperative federalism” has remained more a slogan than a reality
Despite the Fourteenth Finance Commission providing a different framework, “cooperative federalism” has remained more a slogan than a reality
Restructuring of centrally-sponsored schemes needs to be carefully examined
Now that instant reactions and discussions about the Union Budget are over, the time is opportune to take a more…
To assume the budget gives more space to the financial system for lending to support rate-cuts may not be realistic
The govt must find a way to get back on the path to fiscal consolidation while increasing public investment.
The demand for relaxation of the fiscal deficit target raised in the Mid-Year Review is worrisome
The CMs panel on centrally-sponsored schemes has missed an opportunity to rationalise them
The conciliatory approach of the Prime Minister in inviting the leaders of the Congress party for discussion has once again…
Improvement in the finances of discoms is possible only if they reduce costs and increase revenues
Many developing countries have pressed for addressing concerns specific to them
The new bailout plan is unlikely to change the incentive structure and ensure healthy functioning of discoms
