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…
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By Himadri Bhattacharya |
The full budget for 2019-20 presented on July 5 did not contain the kind of stuff that would fire up the financial markets and cause a rush of adrenaline in taxpayers…
By Ajit Ranade |
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.…
By Rupa Rege Nitsure |
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,…
By Ranjit K Pattnaik |
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…
By Jagdish Rattanani |
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…
By Ranjit K Pattnaik |
While presenting the budget the Finance Minister (FM) recognises that NBFCs play an extremely important role in sustaining consumption demand as well as capital…
By Jagdish Rattanani |
Prime Minister Narendra Modi has focused on the water crisis facing the nation in his first Mann Ki Baat of the post-election season. The Prime Minister said: “…let’s……
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As intermediaries of the financial system, conventional banks accept deposits and lend money on the basis of a predetermined rate of interest. Under a non-interest-based…
By Ajit Ranade |
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…
By Ganesh N Devy |
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…
By Jagdish Rattanani |
Admiral Karambir Singh, who assumed command as Chief of Naval Staff (CNS) last month-end, has put out “elaborate directives aimed at curbing subservient behaviour,…
By Hormuz P. Mama |
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…
By Arun Maira |
Economists are confused about the health of the Indian economy. Firstly, statistics of the economy are unreliable. Methodologies for measuring growth and employment have…
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…