Tag: Taxation

FINANCIAL MARKETS, FISCAL POLICY

Amendments in Finance Bill: Will they impact investments?

When a government wants to make changes to the tax code, how much money the government spends, or other financial issues, they introduce a finance bill. The government’s objectives for controlling the economy and public finances for the future year are outlined in these bills, which are normally introduced each year. Nirmala Sitharaman moved amendments to the Finance Bill, stating, “It has been represented that … Continue reading Amendments in Finance Bill: Will they impact investments?

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FISCAL POLICY, Public Distribution System, SECTORS, Union Budget

POST BUDGET SESSION 2023

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 on February 1st, 2023. To review and get deep insights on the budget, The Economics Club, IMI New Delhi conducted the “Post Budget Panel Discussion” on 2nd February 2023 by hosting eminent personalities from various fields. Expert Panel Speaker Designation Dr. Alwyn Didar Singh Former Secretary to the Government of India and former Secretary General … Continue reading POST BUDGET SESSION 2023

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FISCAL POLICY

The State Of The Economy: An overview of the current scenario

Taxation has been the primary source of revenue for states across the world for centuries and India is no exception. The nation is expected to have a structured tax system that employs progressive and proportional taxation based on income and other factors that central and state governments determine. The money received by the government is known as tax revenue and may be utilized for a … Continue reading The State Of The Economy: An overview of the current scenario

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ECONOMICS - Don't tick this

GST – Getting States Together

‘GST will enable the movement from a fragmented economy to a unified market, which will boost investment, growth’ said Arvind Subramanian, Former Chief Economic Advisor to the Government of India. As things stand today,  the union government has decided to take a step back in its liability of paying GST compensation to the states, resulting in a tussle between the central and the state governments. … Continue reading GST – Getting States Together

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FISCAL POLICY

‘Tax’onomy of New India

“Where there is complexity, there is a problem in compliance” – said Indian Prime Minister Narendra Modi as he announced last week the launch of the ‘Transparent Taxation Platform’ – a seamless, painless and faceless platform which seeks to honour the honest taxpayers. This measure seeks to address several critical issues faced by taxpayers, more so on the issue of ‘tax harassment’. To put in … Continue reading ‘Tax’onomy of New India

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Energy, FISCAL POLICY

Explained: Indian Fuel Price Jugglery

What was in the news for the last 15 days? Other than the escalation of tensions between India and China and the increasing coronavirus cases in India, the other major news was the continuous hike in the prices of Diesel and Petrol in the country. The prices have continuously increased in the last 15 days and have broken several records of prices with Diesel becoming … Continue reading Explained: Indian Fuel Price Jugglery

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Uncategorized

Is Corporate Tax Cut The Band-Aid For A Bleeding Economy?

When the corporate tax was cut, stock markets rejoiced. Share prices rose and investors believed that an overnight solution had come. The Government of India, when going for tax cuts which cost the exchequer a whopping INR 1,45,000 crore, had thought that ‘We don’t know how to effectively make public investments to boost the economy, so why not let the corporates take care of it’. … Continue reading Is Corporate Tax Cut The Band-Aid For A Bleeding Economy?

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