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Uttam Gupta
Rising import reliance amid regulatory challenge
Despite Government efforts to boost domestic production, policy constraints and pricing caps continue to stifle the energy sector’s growth According to the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas (MPNG), during the first six months of the current financial year (FY) September 2024, India’s consumption...
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Unlocking the full potential of GatiShakti
22 October 2024 | Uttam Gupta -
Why RBI should not look at food inflation
15 October 2024 | Uttam Gupta -
Will the three farm laws be revived?
08 October 2024 | Uttam Gupta -
Can India become a manufacturing hub?
30 September 2024 | Uttam Gupta -
GST cess extension: Is it Justified Beyond 2026?
23 September 2024 | Uttam Gupta -
Unified pension scheme: Balancing the old and new
06 September 2024 | Uttam Gupta -
E-commerce giants versus mom-and-pop stores
03 September 2024 | Uttam Gupta
Prospects of privatisation of PSUs are bleak
As the Modi government shifts its strategy towards ‘prudent public wealth management’ the prospect of privatising PSBs are increasingly unlikely. Announcing Modi - government's policy on disinvestment of central public sector undertakings (CPSUs) in her Budget speech for FY 2021-22 the Union Finance Minister, Nirmala Sitharaman had talked of privatizing two...
Gas pricing: Reforms turn into a control regime
Government's decision to grant a 20 per cent premium on natural gas from the state owned new wells has added complexity to the gas pricing regime The decision of the Union Government to grant a 20 per cent premium over the APM price (a jargon for administered or controlled price) for...
Populism will not let food subsidy reforms take off
Leakages can be curbed if the subsidy is given directly to the beneficiaries using ‘direct benefit transfer’ mode. The potential for reducing food subsidies is immense In the full Budget presented by Union Finance Minister Nirmala Sitharaman on July 23, 2024, the government has pegged the budget estimate (BE) food subsidy...
Need for rationalising taxes on fertilisers
The GST Council, responsible for tax rate decisions has yet to resolve the tax discrepancies despite multiple discussions and recommendations For over five years now, the fertilizer industry has been facing an ‘inverted duty structure’. Inverted duty structure refers to a situation in which raw materials (RMs) are taxed at a...
Reforming the personal income tax regime
In the Budget for 2024-25, Finance Minister has made the ‘new regime’ of personal income tax more appealing, while continuing to rationalise the capital gains tax structure In the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman has endeavoured to make the ‘new regime’ of personal income tax (PIT) a bit...
Budget is pro-growth but stability concern remains
Major expenditure items may go out of control, raising concerns about the budget's feasibility; moreover, the Government's gross tax revenue target of Rs 38.40 lakh crore is overly ambitious On top of a GDP (gross domestic product) growth of 8 per cent plus for three consecutive years, the Union Budget for...
Income tax amendment promises relief for MSMEs
The biggest problem faced by small enterprises is delayed payment of their dues by large enterprises as it results in a shortage of working capital severely impacting their production An amendment to the Income Tax Act, introduced through Finance Act 2023, and effective from April 1, 2024 stops businesses from claiming...
