Union Budget

By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, Union Budget, Jobs, India politics, Indian economy, Inclusive growth
A global movement that focuses on human capital as a driver of change and growth for a new generation is a welcome move. It turns focus from physical infrastructure, a “here and now” issue and therefore more looked at, to human capital, which will yield dividends much later, and can help change... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Given the surcharged political atmosphere, it is no surprise that trust in the words of the Finance Minister is low. Apart from that, there are messages embedded in the terms of reference, like “quality of expenditure” and “control in populist measures” that the States fear may expand the remit of... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, India politics, Indian economy, Inclusive growth, GST
These days there is much hand wringing about the unfair treatment of the southern States in their share of tax resources of the nation.  For the moment, leave aside the fact that this controversy gets much of its fuel from the current election and campaign rhetoric. So let’s focus on the... read more
By: Ajit Ranade
Category: Common citizen, Inequality, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
There are many positive features of the Union Budget presented on February 1. First, there is great expenditure restraint. The total spending is budgeted to be up by 10 per cent even as national nominal income is estimated to rise by more than 11 per cent.  The second positive is a reform... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, India politics, Indian economy, Inclusive growth, GST
The Union Budget 2018-19 has in many ways dishonoured prudent fiscal management and thereby has bid goodbye to the idea of fiscal governance. First, the revenue deficit target has been done away with in the proposed new FRBM architecture.  This is a body-blow to one of the biggest reforms that... read more
By: Himadri Bhattacharya
Category: Common citizen, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
Clearly, in the hierarchy of preference of MPC, the need to support growth and investment ranked higher than the necessity of curbing inflation expectation. Be that as it may, it is doubtful if this decision is consistent with MPC’s objective of achieving medium-term target for CPI between 2% and 6%
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Global, Union Budget, RBI, India politics, Indian economy, Inclusive growth
The Monetary Policy Committee (MPC) of the RBI at its last sitting for the current financial year and the first meeting after the Union Budget has decided by a majority vote (5 to 1) to keep the policy repo rate unchanged at six per cent. One member voted to increase the rate by 25 basis point.
By: R Gopalakrishnan
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
The Prime Minister now faces a Modi moment. India needs leadership to reach out and honestly attempt a rainbow effect of people policies, irrespective of political parties. To achieve this, we need inclusiveness and accommodation, which can come out of actions as well as body language.
By: Saugata Bhattacharya
Category: Common citizen, Global, Union Budget, RBI, India politics, Indian economy, Inclusive growth, GST
The good news in this is that the synchronised global recovery and the lag in the conservative monetary policy response is likely to make the “risk-on” investor sentiment persist, thereby keeping capital flows to the most attractive global destinations active, and providing risk capital.
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, India politics, Indian economy
If 2017-18 is any guide, there are serious question marks on reaching the budgeted fiscal numbers for 2018-19. This has implications for budget integrity. The finance minister and the government are riding on a budget cart which has broken wheels. Many have said this is an election budget.

Pages