Why distinctions between subsidies for ‘merit goods’ and ‘freebies’ are dubious from economic viewpointSomeone should undertake a comprehensive computation of all subsidies, implicit and explicit, production and consumption. We will get a fig...
Income Tax department detects Rs 19,000 crore black money in ICIJ, HSBC cases"As a result of systematic investigation in these cases, undisclosed income of about Rs 8,437 crore was brought to tax till May 2017," Jait...
4-tier GST rate may lead to classification disputes: StudyA research by National Institute of Public Finance and Policy professor pointed out there is discussion in the GST Council that there will ...
FRBM panel holds first meeting; to consult state governments, expertsEarlier this month, the government formed a committee under Singh to review the working of the 12-year old Fiscal Responsibility and Budget...
FICCI lists reform steps to curb black money menaceThese incentives could take the form of an additional deduction from income relatable to the transaction value for calculating the tax liab...
Poke Me: Do four Delhi think tanks matter disproportionately in India?The four key think tanks of Delhi have finished a generation change in leadership, and are now a lab where new processes for academic insti...
Black money amounts to 10% of GDP: ReportThe 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy.
- Why political parties field crooks
An NIPFP paper says parties love tainted candidates as they are willing to throw money and help increase vote share by winning over the “ma...
- Cash transfers to cushion subsidy cut impact: IISD Study
The economic and social impact of reduction in petroleum subsidies in India will be much lower than perceived.
Budget 2012: Why budget estimates are almost always off the markA stark difference between what the govt expects its finances to be and what the actual pattern of finances are is an old problem.
- No proposal to come out with White Paper on black money: Pranab Mukherjee
The minister, however, said that the government has commissioned a study on black money by three national-level institutions.
- Which services should not be taxed? Govt seeks public views
The Government sought public opinion on possibility of a negative list for service tax meaning that all services which are not mentioned in...
- Govt plans Rs 10k-cr VC fund to promote R&D in pharma
The government is planning to set up a Rs 10,000-crore venture capital (VC) fund for financing new drug discovery projects in the country.
- Banks may have to draft liquidity & solvency plan
The finance ministry might ask every commercial bank to prepare a liquidity and solvency plan to ward off a crisis in the banking system.
- Banks may have to draft liquidity & solvency plan
The finance ministry might ask every commercial bank to prepare a liquidity and solvency plan to ward off a crisis in the banking system.
- Cause of true federalism may be at risk with finance commission terms
The Thirteenth Finance Commission’s terms of reference (TOR) could potentially weaken its ability to be an impartial arbiter, surmised a re...
- Subsidy must be rationalised: Survey
Government must rationalise the subsidy regime even though drought has played the spoilsport in efforts to contain expenditure on subsidies...