TDS is akin to a national service with an altruistic spirit.
RBI will hold rates and retain accommodative stance
According to Nobel Laureate Richard Thaler, people are unable to make the right choice and one should actually nudge them to a default choice which makes it easier for the consumer
While the AAP appears to be the favourite, the BJP is giving the AAP a tough fight by unleashing a full-blown election campaign.
This year’s Budget did not enthuse corporates and investors as much as the finance minister would have liked
The United Kingdom has entered uncharted waters and its global interlocutors would be hoping that it resolves its problems with the European Union sooner rather than later.
A budget alone cannot restore growth or consumer confidence. The gaps have to be identified, budget announcements have to be implemented and supported by right polices, funds, schemes and programmes.
The Budget falls short of reviving growth and boosting sentiment
The BJP’s campaign messaging seems obsessively focused on Shaheen Bagh, and the unsubstantiated theories that it is orchestrated by the AAP and the Congress.
A protectionist stance deprives customers of cheap products and spawns inefficiency
An Income Tax section has been tweaked to make an existing infrastructure financing vehicle unviable
In FY19, the effective tax rate declined, partly because of the cut in tax rates for smaller companies
The most charitable interpretation of the Budget is it has lost an opportunity to invigorate the economy.
The survey shows a significant rebound in demand
The government earlier brought a few selected Right-wing MEPs to Kashmir and tried to project their opinion as the EU position. This could also be one reason why so many political groups in the EU parliament have reacted strongly against the CAA.
Assuming that the government does achieve its budgeted disinvestment target, it is important to see how the proceeds are put to use.
The states’ share of revenue is being cut drastically
Budget sops notwithstanding, real estate developers should take cue from Economic Survey to mitigate their woes
The underlying theme in the Budget is aligned with the government’s leitmotif – ‘Make in India’.
Finance Minister Nirmala Sitharaman was candid in her Budget speech when she said this is a Budget reminiscent of the fundamentals of economic policy and fiscal planning, which if deployed prudently, will make the promise of a $5trillion+ economy a reality, sooner than later
Overall, the Budget is a continuing step in the government’s journey of conducive tax environment.
Direct tax revenue targets look a little optimistic and seem to have built in excessive buoyancy
While the fiscal stimulus towards the rural segment is noteworthy, the additional tax cuts and incentives for the corporate sector raise concerns about the government’s fiscal health
The government has focused on getting the economy back on track and improve the ease of doing business.
Budget announcements on climate change are nothing but a lip service and the proposed incremental measures fall short in their intent to transform India into a sustainable, low-carbon, high-growth economy is disappointing.