Tag: business standard

News: Recently released India’s Budget 22-23 has signalled that the government will proceed cautiously on privatisation. The article says that the retreat on privatisation is a pragmatic economic policy. Contents1 Why the Budget has changed the course of privatisation?2 What does the government’s decision to de-emphasise privatisation reflect?3 Why executing privatisation is a challenge?4 What… Continue reading A change of course on privatisation

News: Recently, union budget 2022-23 has been presented. This article analyses the positives of the budget and suggest way forward to deal with the challenges. Contents1 What are the challenges currently faced by the economy?2 What are the positives of Budget 2022-23?3 Which issues are left unaddressed?4 What are the adverse consequences of a high… Continue reading Budget 2022: Some musings

News: Budget 2022-23 has proposed to amend the Customs Act. It will criminalize the publishing of any information relating to the value or classification or quantity of goods entered for export from India, or import into India, or the details of the exporter or importer of such goods. What is the objective of the proposed… Continue reading Poor drafting – on amendments to the Customs Act

News:  Recently, the Union Ministry of Environment, Forest, and Climate Change has said that it will rank the state environmental impact assessment authorities based on the speed at which environmental approvals are given. What is the issue with such ranking? Read Here How the EIA process of assessment has been systematically destroyed over the years?… Continue reading Our broken system of clearances

News: Even as the total allocation for defence under the current budget has increased, it has fallen as a percentage of GDP. About the recent budget allocation in the defence sector The government allocated Rs 5.25 trillion to the Ministry of Defence, out of the total government outlay of Rs 39.45 trillion. This accounts for 13.31%… Continue reading A bigger, not better, defence budget

News: Recently released Union Budget 2022-23 has increased capital expenditure. Why increasing CAPEX is a significant step? The economy is recovering from a pandemic-induced disruption, and the private sector is not investing because of weak demand. Hence, increased capital expenditure will help in increasing growth and crowd in private investment. It will also increase medium-term… Continue reading Fiscal constraints – On Capital Expenditure of Government