Hike corporation taxes now: GVA underscores disparity between India Inc & MSMEs
A retrospective higher tax for FY21 not out of place
NDA failed to do its job on the economy: Big job-creating schemes needed to revive consumer demand & small businesses
At the last count, the cumulative loss of salaried jobs, since the pandemic, was 12.6 million across urban and rural areas; as of April 2021, there were just 73.3 million of them.
Year of revival turns year of survival
With banks unwilling to lend, the govt must tap retail savings for capex and welfare spend; also, it must increase corporate tax rates
Sunil Jain was a fearless writer and hands-on boss, committed to high standards of journalism
Through the pressures, he never lost his sense of humour and the newsroom was always a fun place to be in when he was around.
RBI’s latest moves should help buffer small businesses against impact of second Covid wave, but much rests on banks
Bankers must be relieved the Governor hasn’t asked them to offer borrowers a moratorium on the repayment of interest and principal.
More job-loss ahead, raise govt spending
There is now a real danger of structural damage to the economy; the govt must quickly come up with a new relief package
Raise the corporate tax rate; big firms will gain share from MSMEs in recovery, should pitch in with welfare
The big companies can afford to pay a 30% corporate tax for a few years. The additional revenue can be used to bring succour to MSMEs, increase MGNREGA allocations, even lower personal tax rates to boost consumption, which, i
Covid-19: And the bad news keeps rolling in
The second wave, not yet over, will crush MSMEs further and, with it, the hopes of FY22 being the big-recovery year
Till Covid-19 is in the air, RBI’s stance is clear
With economic revival likely to take a hit due to the latest Covid surge, RBI will continue to keep policy accommodative
Large gains for OTT in 2021: With theatres likely to remain empty for longer, more producers may release films on OTT platforms
A string of recent releases — Roohi, Mumbai Saga, Sandeep Aur Pinky Faraar and Saina — haven’t done too well at the box office and, much like in 2020, many more filmmakers are now likely to release their films on stream
Fintech revolution needs regulatory help
They have cracked the payments piece but to do the same in the lending space, fintechs need important permissions from RBI
Between Supreme Court & govt, banks lose freedom
SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
‘RuPay’s market share by volumes is 34%’
E-commerce is a very significant driver, but we are also seeing a lot of other interesting categories emerge. For example, we now have some of the bus transport corporations going live on UPI.
FE CFO AWARDS: Lifetime achievement- R Shankar Raman- Of risk and rasam
AN INNINGS OF BALANCE
CFO of the Year: Saurabh Agrawal – The man who loves numbers
But only a little. Unscrambling the 100-odd businesses at the $100-billion conglomerate is a never-ending process.
Survived Covid, long recovery ahead
Services won’t recover till vaccine is fully rolled out and, within manufacturing, it is bigger firms that are doing well
Reserve Bank continues to help the recovery
Though bond yields will harden, the central bank has done well to give banks some more time to fix their bond portfolio
Union Budget 2021: Tap household savings for budget
Union Budget 2021 India: If that is done, it will reduce the dependence upon the bond market, and the costs will also be lower for govt
Organised cheer, unorganised fear: Master show, pent-up demand and K-shaped recovery
India is witnessing the classic K-shaped recovery with the formal sector doing well while the informal one lags
No V-shaped recovery this: Only big firms doing well, labour participation is low, investments weak
Until the informal economy is back on its feet, we can’t call a recovery.
Don’t let the Insolvency and Bankruptcy Code go the CDR way
IBC should never have been kept in abeyance for so long and, if not handled well, the pre-pack can deal it a big blow
Record CaFE: R Shankar Raman- A $500-billion infrastructure opportunity in five years
We expect the curve to be upward-sloping from 2022-23 onwards, and initially, we expect an average of $50 billion annually as a realistic amount.
COVID-19 vaccine alone won’t cure the economy
It will help revive economic activity, but there are deep-seated issues—and Covid-induced ones—that need fixing
Govt capex critical for sustainable GDP growth, disinvestment is key
Given the state of private investment and the balance sheets of states, central capex critical for sustainable GDP growth
RBI ignores inflation, sticks to growth plan
The policy seeks to reassure bond markets while hoping a good crop and fixing Covid-bottlenecks will ease inflation
No time to tighten those purse strings
Large enough swathes of the economy remain in trouble, so increased government expenditure will remain critical
Allowing business houses to own banks is fraught with risk
Allowing business houses to own banks is fraught with risk; India’s supervisory system is too lax to deal with it
Advertisement
Most Read
- Coronavirus India News Live Updates: Madhya Pradesh reports 5 cases of Delta Plus variant; 1 dead
- Covid-19 Vaccine Certificate: Here’s how to download it from CoWin portal, Aarogya Setu app
- Income Tax tricks: How to plan smartly to have more cash in hand from salary every month
- Rakesh Jhunjhunwala bullish on bank stocks, even ‘inefficient’ lenders; sees decade long bull run
- New Income Tax e-filing portal Latest Updates: ITR e-filing 2.0 Portal Link, Features, Benefits
- Correcting the posture: Mitigating the impact of virtual classroom on children’s physical wellbeing
- CIL: Maintain ‘buy’ with target price of Rs 234
- Coronavirus India News June 22 Highlights: On Day 2 of new plan, India vaccinates more than 50 lakh people; alert over Delta+; all eyes on DCGI nod for Covaxin
- 10 stocks to buy now that could make you rich
- Dodla Dairy IPO: Check share allotment status online, grey market premium; shares to list on June 28
Advertisement
Top News
- Public Provident Fund: How much cash can you deposit in a PPF account in a day?
- RIL AGM 2021 LIVE: From Jio 5G to Saudi Aramco deal, Mukesh Ambani all set to make major announcements
- Market LIVE: Sensex sits in green, Nifty holds above 15,700; L&T, Infosys top gainers, RIL in red
- Covid-19, workations and what will it take to revive travel? An elite panel of tourism experts discusses
- Corona LIVE: Madhya Pradesh reports 5 cases of Delta Plus variant; 1 dead
- Australians are cancelling their appointments for second AstraZeneca vaccine dose; here is why
- Mega wargame! India, US hone war-fighting skills, enhance interoperability in Indian Ocean - See photos
- Nifty headed for 16,400 soon; IT, auto, and bank stocks may outperform, charts show
- Easy and smooth commute for Mumbaikars! Ghatkopar-Mankhurd link road flyover likely to be open soon
- Windows 11 launch today: How to watch Microsoft's 'what's next for Windows' special event live, what to expect, other details
Advertisement
