Columns

By: Dr. K. G. Karmakar
Category: Common citizen, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
This visionary and reform-oriented Green Budget for 2018-19 was expected to be a populist budget in view of the looming elections in 2019. While the middle-class may feel let down as their personal income taxes have not been considerably reduced, the farmer and his family has reason to cheer.
By: Himadri Bhattacharya
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Its rural and social sector proposals, the most attention-catching and hotly-debated of which is the Rs. 5 lakhs a year assistance to 10 crores families for medical treatment, will likely reduce distress and deprivation, and eventually result in higher and balanced economic activity in the country.
By: Dr. Indira Hirway
Category: Common citizen, Governance, Inequality, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
There is no doubt that the budget has come out with several new ideas. However, there are a few questions that need clear answers (1)are the targets given in the budget doable? (2) How will these be implemented? And (3) are the funds allocated to different heads enough to meet their implementation?
By: Usha Thorat
Category: Common citizen, Taxes, Global, Union Budget, RBI, India politics, Indian economy, GST
We are in for difficult times. Tackling the real sector by determined action to complete the implementation of stalled projects, push on infrastructure and further reforms in the power sector are the need of the hour, rather than tweaking fiscal or monetary policy to stimulate growth and employment.
By: Rupa Rege Nitsure
Category: Common citizen, Taxes, Global, Union Budget, RBI, India politics, Indian economy, Inclusive growth, GST
Against the backdrop of India achieving the lowest growth in the past five years in 2017-18 (FY18) and posting a sustained fall in the investment rate since 2011-12 (from 39% to 30.6% of GDP), the government’s decision to take a pause in fiscal consolidation is neither worrisome nor unexpected.
By: Ranjit K Pattnaik
Category: Common citizen, Inequality, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
Investment decline stems from balance sheet stress, making it particularly difficult to reverse. One of the key messages from the Survey is that raising investments is more important than raising savings to reignite growth. The argument thus follows: “The ‘animal spirits’ need to be conjured back.”
By: Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The true import behind today’s exercise lies in the political context and intent, given the string of electoral battles coming up this year and leading on to national elections in 2019, if not earlier. So this will be an election budget and it comes in difficult economic times.
By: Ajit Ranade
Category: Common citizen, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
First, focus on job creation; second is agriculture and the rural economy; third is a revival of private investment spending; fourth is an impetus to exports and connectedly to manufacturing, and lastly, achieving all this within reasonable fiscal limits so as to not let interest rates climb.
By: R Gopalakrishnan
Category: Common citizen, Inequality, Sustainability, Taxes, Union Budget, Jobs, India politics, Indian economy, Inclusive growth
Developing a consensus with the States and executing a national agenda is an urgent task of the Central government. Though GST is an important subject, I intuitively feel that if half the effort to build consensus for GST had gone into agriculture, the GDP benefits would have a higher impact!
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Jobs, India politics, Inclusive growth
This year marks the twenty fifth anniversary of the historic 73rd and 74th amendments to the constitution of India. These two amendments conferred constitutional status to local self governments in rural and urban areas. The respective bills were tabled in Parliament by the government of Prime... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Taxes, Jobs, India politics, Indian economy, Inclusive growth
Labour reforms needed to generate more jobs Declining growth of GDP to 6.5% this year will make it difficult for the Finance Minister to balance his budget next month. Citizens are much more worried about insufficient jobs and slow growth of incomes to balance their own budgets. The Gujarat... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, India politics
It is wrong to regard a country’s constitution as an inert document, the renowned constitutional expert S C Kashyap once wrote. A constitution is a living organism of functioning institutions. Every constitution gets meaning and content only from the manner in which and the people by whom it... read more
By: Haresh Jagtiani
Category: Common citizen, Governance, India politics
Should we draw comfort from the fact that in the past too, serious assaults have been attempted and made on the Supreme Court by the executive, Indira Gandhi’s government to be precise, and the institution has survived, perhaps even revitalised itself to become more independent than before.... read more
By: Satish Kumar
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Jobs, India politics
Apart from one small country, Bhutan, almost every country is under the spell of this mantra. A numbers-driven growth paradigm has almost taken the place of religion today, and it is the one common foundation on which rest many important choices being made by people at all levels. This march to... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
At the macro level an economy has four drivers of growth. Think of these as a four wheel drive. If all are in sync, and revved up properly then we get good speed i.e. growth of the economy. These four drivers are the sources of demand, or spending on goods and services. These are private... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Indian economy, Inclusive growth
It has been a muted start to the New Year in Mumbai, where instead of overflowing pubs, bars and restaurants, it is the demolition squad of the municipal corporation that has been in overdrive. As party hot spots and their extensions, encroachments and trespasses come to be investigated, as civic... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Jobs, Indian economy, Inclusive growth
The ideology of ‘privatisation’ of economies and societies has advanced so much around the world in the last 30 years that even the very concept of ‘economic reforms’ has become restricted to reductions in the role of the government and more freedom for business corporations... read more
By: Dr Ghanshyam Shah
Category: Common citizen, India politics, Indian economy, Inclusive growth
ભારતના રાજ્યોમાં ગુજરાત ધનિક કહી શકાય. પહેલા બીજા નંબરે આવે. પણ.આરોગ્ય માં  આપણે આઠમે નંબરે. 45 ટકા પાંચ વર્ષથી નીચેની ઉમરના બાળકો  કુપોષણ થી પીડાય છે. એક લાખે 32  બાળકો મુત્યુ પામે  છે.  બાળમરણ નું પ્રમાણ કેરળ  માં 12 અને મહારાષ્ટ્રમાં 24 છે.  બાળમરણમાં આપણૉ... read more
By: Ajit Ranade
Category: Common citizen, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
Around this time last year, the country was recovering from the shock of demonetisation. It created economic hardship, but it was a political success. Around the country, two questions were routinely asked to people waiting in long queues at the bank branch or the ATM. These were: (a) “Are... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, RBI
There has been some heated debate on the “bail-in” clause (Clause 52) of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, presented to the Lok Sabha recently. There have been apprehensions that the clause as specified in the Bill is against the depositors’... read more

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