Uttam Gupta

Uttam Gupta

Rising import reliance amid regulatory challenge

Rising import reliance amid regulatory challenge

Monday, 28 October 2024 | Uttam Gupta

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...

Prospects of privatisation of PSUs are bleak

Prospects of privatisation of PSUs are bleak

Friday, 30 August 2024 | Uttam Gupta

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

Gas pricing: Reforms turn into a control regime

Wednesday, 21 August 2024 | Uttam Gupta

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

Populism will not let food subsidy reforms take off

Monday, 12 August 2024 | Uttam Gupta

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

Need for rationalising taxes on fertilisers

Wednesday, 07 August 2024 | Uttam Gupta

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

Reforming the personal income tax regime

Thursday, 01 August 2024 | Uttam Gupta

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

Budget is pro-growth but stability concern remains

Monday, 29 July 2024 | Uttam Gupta

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

Income tax amendment promises relief for MSMEs

Wednesday, 24 July 2024 | Uttam Gupta

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...

Sunday Edition

DIWALI | Festival that Unites Hearts and Homes

27 October 2024 | SAKSHI PRIYA | Agenda

Celebrate India's diverse culinary landscape

27 October 2024 | Sharmila Chand | Agenda

A HEALTHY DIWALI

27 October 2024 | Team Agenda | Agenda

A Taste of Italy at Farmer’s Basket

27 October 2024 | Gyaneshwar Dayal | Agenda

Go green this diwali

27 October 2024 | Divya Bhatia | Agenda

A Night of Dandiya and Festive Cheer

27 October 2024 | SAKSHI PRIYA | Agenda