Who will end the free-run of freebies?
Political parties don't want freebies to go. It is their much-cherished tool to harness votes. And they know it works like a charm In the just concluded assembly elections in Karnataka, the grand old party (GOP) Congress had promised five guarantees viz. Gruha Jyoti, Gruha Lakshmi, Sakhi programme, Yuva Nidhi, and...
Govt must push to privatise fertiliser PSUs20 May 2023 | Uttam Gupta
Govt flip-flop over banning pesticides13 May 2023 | Uttam Gupta
Nano fertilisers can reduce subsidies10 May 2023 | Uttam Gupta
Countering the menace of corruption25 April 2023 | Uttam Gupta
Don’t apologise for PSH subsidy at WTO18 April 2023 | Uttam Gupta
Inflation versus growth: RBI’s dilemma11 April 2023 | Uttam Gupta
Mess in Delhi’s power distribution business07 April 2023 | Uttam Gupta
Reforming the capital gains tax a smart move
It is perfectly justified if the rich class is made to pay more which, in turn, helps the Government provide services to the poor In the Finance Bill, 2023 passed by the Lok Sabha on March 24, 2023, an amendment relates to a change in the tax treatment of capital gains...
Fine tune PM-KISAN to be efficacious
The inclusion of ineligible persons on the beneficiaries list of PM-KISAN raises concerns and undoes the very purpose the scheme was launched for A significant decline in the number of farmers receiving income transfers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 104 million during 2021-22 to 80 million...
Bring petroleum products under GST
The Finance Minister should proactively engage with states to speed up the process of taxing petroleum goods under the GST Finance Minister Nirmala Sitharaman has exhorted the states to give their concurrence for fixing the tax rate for five petroleum goods—crude oil, natural gas (NG), petrol, diesel, and aviation turbine fuel...
Let FDI in retail come from the front door
Allowing FDI in retail would be in the best interest of consumers as this will enable all retailers to compete with one another on equal terms Following complaints from consumers and traders against “widespread cheating and unfair trade practices” by e-commerce marketplaces such as Amazon and Flipkart, the Union government intends...
Resurrecting three farm laws
Farmers will continue to be in distress as long as they are shackled by the state APMC laws Reports of a farmer from Maharashtra's Solapur getting a measly Rs 2.49 from the sale of 512 kg onions to a trader (for Rs 1 per kg on sale executed at the Solapur...
Exit from LPG subsidy, completely
In June 2020, the Government stopped giving LPG subsidies. It is time to do away with the hidden subsidy on the cylinder for better fiscal management In the Union Budget for 2023-24, finance minister Nirmala Sitharaman has shown an expenditure of Rs 9,170 crore on petroleum subsidy (this is primarily a...
Budget revolutionises personal income tax
The new personal income tax regime will spur economic growth as it leaves more cash in the hands for people In Budget 2023-24, Finance Minister Nirmala Sitharaman has made some radical changes in the structure of personal income tax (PIT). To get a sense, let us first take a look at...