Articles: July 2019

By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, Jobs, India politics, Indian economy, Inclusive growth
On July 11, World Population Day, a Union Minister expressed alarm, in a Tweet, over what he called the “population explosion” in the country, wanting all political parties to enact population control laws and annulling the voting rights of those having more than two children. Just a month earlier... read more
By: Aseem Shrivastava
Category: Common citizen, Governance, Health, Inequality, Taxes, Global, Jobs, India politics, Indian economy, Inclusive growth
A year when the country celebrates the Mahatma’s 150th birth anniversary offers us a timely opportunity to consider his criticisms of modernity and juxtapose them with those of the other towering figure of his generation, Tagore. Also, fittingly, we are just weeks short of Tagore’s 78th death... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy
The title of this column is actually a very fertile and active area of research in the economics and finance academic professions. The question refers not just to ownership by the government vis-a-vis the private sector, but also between private, domestic and foreign owners. Do banks perform... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Sustainability, Taxes, Global, Union Budget, RBI, India politics, Indian economy
India’s vast, mostly unregulated and fast-growing shadow banking sector is in the midst of a crisis. This is a fire that threatens to engulf much more than the sector in which it has started and carries the potential to burn down important segments of the Indian economy. The government is... read more
By: Ranjit K Pattnaik
Category: Common citizen, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy
The Union Finance Minister in her maiden budget speech on July 05, 2019 has made a significant announcement in paragraph 103 that reads: “India’s sovereign external debt to GDP is among the lowest globally at less than 5%.The Government would start raising a part of its gross borrowing programme in... read more
By: Dr. Indira Hirway
Category: Common citizen, Governance, Health, Inequality, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
Looking at the present conditions in India, anybody would expect the budget to address the most critical problems of our population, namely, poor health, a semi-literate population, the agricultural crisis and the highest ever unemployment. Unfortunately none of these problems are addressed... read more
By: Arun Maira
Category: Common citizen, Governance, Health, Inequality, Philanthropy, Sustainability, Taxes, Global, Jobs, Inclusive growth
Objections to Greenpeace’s strategies by Extinction Rebellion (XR), the environmental movement whose supporters occupied Greenpeace’s offices last year, as well as its own successes, highlight contrasts between the strategies of organisations and citizens’ movements. Loose citizens’ movements are... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
In the next five years India aims to become a five trillion dollar economy. It’s a nice round number, although the word “trillion” is not quite folksy enough. It actually equals one lakh crore, the preferred coinage of our bureaucrats, ministers and bankers. It’s basically five followed by twelve... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
The full budget for 2019-20 presented on July 5 did not contain the kind of stuff that would fire up the financial markets and cause a rush of adrenaline in taxpayers and investors. In that sense, and in many others, it was not similar to budgets in the past. And what is a good thing for the sake... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The interim budget in February gave a substantial stimulus to the taxpayer. Almost three crore taxpayers moved out of the net, as the minimum threshold was raised. Further the cash transfer to farming households led to some consumption push, and not to forget electoral gains too. Against that... read more
By: Rupa Rege Nitsure
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The revenue arithmetic of the Budget is quite conservative. Factoring in the protracted slow-down phase and a shortfall in personal income tax revenue and GST receipts, the “gross tax revenue” projections have been lowered from their level in the interim budget. However, the projections of “non tax... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
As per the empirical exercise set out in the Economic Survey of Government of India 2018-19, the Indian economy will grow to 5 trillion-dollar economy by 2024-25 with an inflation of 4 per cent and real economic growth of 8 per cent per annum. Besides, the productivity (both labour and capital) of... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
This is not a big bang budget. Nor is it particularly bold though the government says it is walking towards the vision for a decade in which the five- year stop is a five trillion dollar economy with 8 per cent GDP growth. It is not immediately clear how this will be achieved, particularly when... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy
While presenting the budget the Finance Minister (FM) recognises that NBFCs play an extremely important role in sustaining consumption demand as well as capital formation in the small and medium segment. In this context the FM mentioned that NBFCs that are fundamentally sound should continue to get... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, Jobs, India politics, Indian economy, Inclusive growth, GST
Prime Minister Narendra Modi has focused on the water crisis facing the nation in his first Mann Ki Baat of the post-election season. The Prime Minister said: “…let’s…start a mass movement for water conservation. We together should all resolve to save every drop of water and I believe that water is... read more