India is not divorced from global macro conditions and the growth prognosis at home is as grim (relative its own historical rates) as the rest of the world.
The Karnataka political drama has once again shown why politics continues to be seen as an arena of opportunists, manipulators self-seekers, and not for nation-builders.
Under the new resolution plan, banks will have to take a haircut of around 40 percent
For all the talk of the huge election mandate, agriculture as a sector failed to find its pride of place in the latest budgetary exercise. A political consensus can tilt he scales though
The government largely intends to achieve this through investment-led growth rather than the traditional consumption-driven method
Once and for all, the FM will have to undertake a massive fiscal cleansing operation to restore the credibility of our Budget exercise
The Budget did give out a positive statement. It lacks a clear road map as to how to achieve certain targets proposed.
This push to increase credit offtake may take some time to bear fruit.
The government has talked a lot about what they want to do to address the challenges related to water but the budgetary allocations don’t show the same urgency
If the focus on Swachh Bharat Abhiyan helped the BJP in 2019, expect the Har Ghar Jal scheme to do the same for the party in 2024.
The Budget addresses some of the issues holding back growth, without loosening the fiscal purse strings
The Budget's focus on rural India was an outcome of a very politically-conscious decision by Narendra Modi to not lose sight of poor voters whose transformation alone can perk up demand and consumption.
While the Budget has several things going for it, the budgetary arithmetic is to be taken with a pinch of salt
Sitharaman’s proposed tax sops for buyers of electric cars, customs exemptions for car makers, investments for infrastructure development will force the industry to bite the bullet
Measures proposed in Budget 2019 do give teeth to the RBI for regulating NBFCs and HFCs. The question of execution will remain
FAQs on the Budget estimates
Market expectation of tweaking taxes has not be met but surprises in the form of lower promoter shareholding and buyback tax has dampened mood
FM has tried to correct key problems of debt overhang and stressed balance sheets that are at the heart of the current investment slowdown. However, the massive political mandate called for bolder reforms
The actualisation of healthy corporate income tax assumptions will critically depend on how rapidly the broader economy turns around, and how quickly consumption spending picks up
The budget speech delivered by finance minister Nirmala Sitharaman was conspicuously skimpy on agriculture and water. The budget highlights make a brief mention of a Jal Shakti Abhiyan focussing on 1592 over-exploited and critical blocks
The Budget has done little to spur consumption by way of handouts or tax cuts. That means that the trend of slowing consumption growth could continue
The Budget will tell us what the government’s plans are to get the economy out of a rut.
A well-oiled judicial system will ensure enforcing of contracts and resolution of disputes in a timely manner, and this in turn will further improve India’s Ease of Doing Business rank.
Allowing the private sector access to select databases for commercial use can be fraught with risks
A slowdown in consumption will just add to the economic squeeze and also upset the government’s plans to earn more resources