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Uttam Gupta
Fuel prices are burning
We have an abhorrent situation whereby taxes alone account for about two-third of the price at the pump. The high fuel price contributes to high inflation and higher costs of fertilisers and food During the last three weeks of June, the oil marketing public sector undertakings (PSUs), namely the Indian Oil...
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The GST indemnity riddle
01 July 2020 | Uttam Gupta -
A highly unreasonable request
23 June 2020 | Uttam Gupta -
Remodel Google tax
17 June 2020 | Uttam Gupta -
Green the soil
09 June 2020 | Uttam Gupta -
Hope sprouts in the farm
02 June 2020 | Uttam Gupta -
Much ado about nothing
20 May 2020 | Uttam Gupta -
States must make realistic demands
12 May 2020 | Uttam Gupta
Detoxify oil pricing
The COVID-19 outbreak is a rare event and oil exporters may think that after this ends they can continue to extract a higher price from importing countries. This is flawed thinking On October 15, 2018, while interacting with global leaders from the energy sector in New Delhi, Prime Minister Narendra Modi...
Don’t expect the moon
The RBI has given a boost to the economy in these testing times. But India Inc. argues that this won't be of help in the absence of demand. This is flawed thinking On March 27, in a bid to resuscitate the economy devastated by the Coronavirus, the Reserve Bank of India...
Adopt fiscal prudence
The Govt must implement much-needed reforms to rein in unproductive spends and prevent revenue leakages to create a sustainable basis for balancing its budget The economic crisis triggered by Covid–19 has forced the Government to take recourse to some extraordinary measures, which include among others 30 per cent cut in the...
An unreliable shield
Since the subsidy given to rice farmers has exceeded 10 per cent, India has violated its WTO commitment and invoked the ‘peace clause.' But how much immunity will this give to it? In a notification submitted to the World Trade Organisation (WTO) — the multilateral body which binds member countries to...
Serve up a fresh NFSA
The 80 crore people the Govt currently targets for giving subsidised foodgrain under the Food Security Act includes millions of higher-income beneficiaries who don’t deserve it The Finance Minister, Ms Nirmala Sitharaman, announced a Rs 1,70,000 crore package under the PM-Gareeb Kalyan Scheme (PMGKS) to address the plight of tens of...
A mixed bag
While some of the relief measures announced by the FM are just financial jugglery, the remaining items offer some concrete benefits to the poor In his address to the nation on March 19, Prime Minister Narendra Modi announced the setting up of an Economic Response Task Force (ERTF) under the Union...
A system failure
The bailout given to Yes Bank, using public money, emboldens banks to continue with their game plan. The Govt and the RBI must do everything to give a body blow to this attitude Much before the crisis at the beleaguered Yes Bank reached a flashpoint [when the Reserve Bank of India...
