• Mar
    By Arvind Mayaram

    The Budget is a valiant attempt to consolidate and rebalance. Despite temptations backed by promptings of a large section of the economists (including the chief economic adviser), the finance minister has stuck to the path of fiscal consolidation and this is a huge plus for the government’s credibility, generally a rare commodity.

  • Some 363 million poor Indians survive on Rs 47 per day (as per Rangarajan committee estimates). By an interesting 21st century twist to our long and illustrious cultural

  • The finance minister plans to squeeze India’s 42,800 citizens with incomes above Rs 1 crore per annum, to subsidise the small taxpayers. Not only will they have to shell

  • India’s 3. 05 crore retail investors inc­luding 2 lakh high networth individuals have got a mixed bag in the Budget

  • Despite finding no mention in finance minister Arun Jaitley’s Monday speech the defence budget was increased by 9. 76 per cent to Rs 2

  • The Budget 2016-17 has put the right focus on job creation in more ways than one, including through skill development, massive thrust on digital learning at different levels, encouraging startups

  • To back exports from India, the government on Monday announced its intention of expanding a scheme that refunds tax on products shipped out and extend the time for special economic

  • The government proposes to open up food processing to fo­reign companies by allowing th­em 100 per cent investment in the sector provided they sell pro­ducts manufactured only in India.