The real question, which I will address in this and a subsequent article, is whether RBI’s policy on very high real interest rates has been necessary to achieve the objective of either containment of inflation or in achieve
When the findings of NSSO-CE 2017-18 are released, they will (likely) mark an important departure of India from an absolute poverty obsessed “poor” country, towards a middle-class, middle-income economy.
One mistake has fed into another to yield madness at every corner. The children of the poorest of the poor, the ones most discriminated against on the basis of caste or religion, did not receive basic quality education, so th
National elections are scheduled for May 2019, and may happen sooner. I have often said, to anyone willing to listen, that fake news was “invented” in India long before making its way to the shores of that other great dem
A constructive debate has opened up with regard to the imposition of the long-term capital gains (LTCG) tax (goo.gl/CyXAE7). In my article “The Little Revenue LTCG tax”, I reached the following two conclusions.
The LTCG formulation is not only flawed in design, but also likely to yield very little tax revenue. At the same time, it manifestly increases the discretionary power of the taxman and this has its own set of governance probl
Budget 2018: Budget 2019 can best be described as one made possible by an ongoing revolution in tax collection. This revolution is beginning to make possible another revolution in income transfers to the bottom third of the p