Union Budget

By: Himadri Bhattacharya
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, India politics, Indian economy
The dividend pay-out of Rs. 1,75,987 crore from the RBI to the government for 2018-19 follows a paradigm shift in the way RBI’s requirement of economic capital is viewed, calculated and supplied as also an accounting rule tweaking to ensure higher income from forex transactions. To understand the... read more
By: Devidas Tuljapurkar
Category: Common citizen, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy
Over the last several years, Public Sector Banks (PSBs) have been struggling hard to come to grips with mounting Non-Performing Assets (NPAs). Now, PSBs are struggling at the core of their business, which is credit offtake. On NPAs, the government claims that with the Insolvency & Bankruptcy... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Global, Union Budget, RBI, Jobs, India politics, Indian economy
This is going to be a merger like none other. We had 27 public sector banks (PSBs) in 2017. We have seen two mergers already in recent times – Vijaya Bank and Dena Bank merged into Bank of Baroda (BoB) in April, and the State Bank of India absorbed five of its associates and the Bharatiya Mahila... read more
By: Arun Maira
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, Union Budget, Jobs, India politics, Indian economy, Inclusive growth
India wants to grow its economy to US$ 5 trillion. People want jobs and their incomes to grow. India needs its industrial sector to grow to absorb the millions of people coming off agriculture as they will with productivity in the agricultural sector improving. India cannot rely only on its service... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, India politics, Indian economy
The MPC has many reasons for which it has offered a rate cut. First, observed inflation and inflation outlook measured in terms of Consumer Price Index Combined (which means Rural and Urban combined, abbreviated as CPI-C) continues to remain benign and is projected to be within the target of an... 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: 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

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