Category Archives: Budget 2018

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Two Recent Taxation Changes Will Likely Boost Investment, So Why Are They Sparking Criticism?

Two Recent Taxation Changes Will Likely Boost Investment, So Why Are They Sparking Criticism?Some from within the government have also slammed the taxation changes. Finance minister Arun Jaitley. Credit: PTI While the recent Union Budget announced a number of changes related to taxation policies – like a change in corporate tax rate, a standard deduction… Read More »

Ready to Bring No-Confidence Motion Against Centre as Last Resort: Chandrababu Naidu

Ready to Bring No-Confidence Motion Against Centre as Last Resort: Chandrababu NaiduAndhra Pradesh chief minister N. Chandrababu Naidu. Credit: PTI Amaravati: Andhra Pradesh chief minister N. Chandrababu Naidu has said he is ready to move a no-confidence motion against the Narendra Modi government with the support of other parties to get “justice” for the southern… Read More »

Labour Market: Economic Surveys, Budget Legitimise Short-Term Illusory Gains

Labour Market: Economic Surveys, Budget Legitimise Short-Term Illusory GainsThe government’s strategy regarding labour welfare in general and jobs in particular quite clearly projects that temporary jobs and current higher income are good enough. Centre of Indian Trade Unions (CITU) members at the protest in November 2017. Credit: Ajoy Ashirwad Mahaprashasta/The Wire The biggest challenge the… Read More »

Budget 2018: Will Women Really Be Better Off at the End of This Fiscal?

Budget 2018: Will Women Really Be Better Off at the End of This Fiscal?In the gender Budget, the Modi government has not done much more than pay lip service to policies that impact women. A cursory look at the overall gender Budget shows that the government’s commitment to women has been underwhelming at best. Credit:… Read More »

Budget 2018 Undermines Global Efforts to Establish a Consistent International Tax Landscape

Budget 2018 Undermines Global Efforts to Establish a Consistent International Tax LandscapeThe unseemly haste with which the finance minister has replaced ‘permanent establishment’ with ‘significant economic presence’ will open up the floodgates for international tax disputes. Arun Jaitley outside parliament before presenting the Budget 2018. Credit: PTI/Manvender Vashist The government’s 2018 Budget – presented by… Read More »

There’s No Reason to Be Confused on How to Calculate the Right MSP

There’s No Reason to Be Confused on How to Calculate the Right MSPThe Swaminathan Commission was clear in its recommendations, and the rationale offered by the NITI Aayog to rule out the use of comprehensive cost is dubious at best. The curious thing is that there was never any real ‘confusion’ on this matter. Credit:… Read More »

For India’s Farmers, Budget 2018 Is Nothing but a Hoax

For India’s Farmers, Budget 2018 Is Nothing but a HoaxThe finance minister has made a big announcement on minimum support price, but he should make it clear whether all he is promising is to take the prices back to the UPA-II levels. In the three years since the NDA government promised doubling of farm incomes by… Read More »

BJP Ally Chandrababu Naidu Unhappy Over ‘Raw Deal’ to Andhra Pradesh

BJP Ally Chandrababu Naidu Unhappy Over ‘Raw Deal’ to Andhra PradeshAt a meeting with party leaders, Naidu voiced his disappointment over the lack of any allocations for the state to fulfil commitments made in Andhra Pradesh Reorganisation Act. Andhra Pradesh chief minister N. Chandrababu Naidu (left), Union finance minister Arun Jaitley. Credit: PTI Amravati: Andhra… Read More »

Budget Focus on Infrastructure, Digital Education Cannot Work in a Vacuum

Budget Focus on Infrastructure, Digital Education Cannot Work in a VacuumThe finance minister has relied on grandiose announcements without making efforts to address the fundamental concerns of public education. The Union government has unprecedentedly merged elementary and secondary education, thereby diluting the provisions of the RTE Act. Credit: Reuters The 2018-19 Union Budget has failed to… Read More »

Budget 2018: Bitcoin in India is Dead. Long Live Blockchain

Budget 2018: Bitcoin in India is Dead. Long Live BlockchainBy categorically reiterating that cryptocurrencies could not be part of the ‘payment process’, India buries the economic possibilities of crypto as a currency.  However, the positive focus on blockchain technology is redeeming. Those critical of India’s ponderous, cryptic crypto policy so far might have to eat their… Read More »