Free Press Journal

Section: Articles
By: Ajit Ranade
Publisher: Free Press Journal, Greater Kashmir, The Navhind Times, Deccan Herald
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
Section: Articles
By: Ajit Ranade
Publisher: Free Press Journal, Greater Kashmir, Orissa Post
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
Section: Articles
By: Rupa Rege Nitsure
Publisher: Free Press Journal, Orissa Post, The Assam Tribune
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
Section: Articles
By: Ranjit K Pattnaik
Publisher: Free Press Journal, The Assam Tribune, The Navhind Times, Deccan Herald
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
Section: Articles
By: Jagdish Rattanani
Publisher: Free Press Journal, The Assam Tribune, The Navhind Times
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
Section: Articles
By: Ajit Ranade
Publisher: Free Press Journal, Orissa Post, Prabhat Khabhar, The Navhind Times, Deccan Herald
India’s telecom revolution has earned the world’s admiration. At one stage,it was the fastest growing, lowest cost sector in the world, providing inclusive development to all. In airlines or electricity usually the government has to make it compulsory, and impose a universal service obligation (USO... read more
Section: Articles
By: Dr Ganesh N Devy
Publisher: Free Press Journal, Greater Kashmir, Orissa Post, The Assam Tribune, The Navhind Times
It was the remarkable foresight of the makers of the Indian Constitution that they thought of creating a dedicated Schedule of Languages - the 8thSchedule – which initially included 14 languages as the languages of administration. This was a radical departure from the European idea of nationalism... read more
Section: Articles
By: Hormuz P. Mama
Publisher: Free Press Journal
It was on 17 April last that Jet Airways had run out of funds, and its operations had come to a grinding halt. Jet, a full-service airline, was competing domestically head-on with highly agile and viciously competitive low-cost carriers (LCCs) which had mastered the art of cost control. The cost... read more
Section: Articles
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Publisher: Free Press Journal, The Navhind Times
The rate cut last week by the Monetary Policy Committee (MPC) is unparalleled in the monetary policy history of the RBI since it is for the first time that the policy repo rate has been cut for the third time in a row in a calendar year. Headlines tend to translate a policy repo cut to a lower EMI... read more
Section: Articles
By: Ajit Ranade
Publisher: Free Press Journal, Greater Kashmir, Orissa Post, Prabhat Khabhar, The Assam Tribune, The Navhind Times, Deccan Herald
The Finance Minister will present her maiden Union Budget on July 5. She has asked all citizens to send their inputs, promising that each proposal will be duly examined. She has welcomed and already thanked all the anticipated contributors to this crowdsourcing. This makes the process more... read more

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