Synopsis: The advance tax numbers suggest growth in revenue collection continues to remain strong. However, Central government finances would need careful management. Introduction In the current financial year, the fiscal position has improved significantly and the recovery in revenue collection has surprised many. By July-end, the government collected revenue worth over 37% of its Budget… Continue reading Regaining fiscal balance
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A flawed calculation of inflation
Synopsis: The current official inflation rate does not correctly measure price rise and it needs modification. Introduction Inflation for the last four months has been worryingly high. Wholesale price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark. Does the official data capture the real picture? Data issues: Unlock… Continue reading A flawed calculation of inflation
How new global tax rules may reshape India?
Synopsis: The conventional global tax system is changing, with several countries, including India, imposing a digital service tax and participating in a new global initiative to modernize tax rules. Why there’s a need for new global tax framework? The new tax framework seeks to tackle digital economy firms in particular since they do not easily… Continue reading How new global tax rules may reshape India?
Swooping down on algorithms
Synopsis: China’s draft rules on regulating recommendation algorithms address pressing issues. Lessons for India. Introduction China has pursued aggressive measures in its tech sector in the past few months. A host of legislative instruments are in the process of being adopted, including the Personal Information Protection Law, the Cybersecurity Law, and the draft Internet Information… Continue reading Swooping down on algorithms
More companies pledge ‘net-zero’ emissions to fight climate change, but what does that really mean?
Synopsis: “Net-zero emissions” is in the news, and government leaders and CEOs are under pressure to discuss as to how they’ll reduce their countries’ or businesses’ impact on climate change. Introduction Amazon, just announced that more than 200 companies have now joined its Climate Pledge, committing to reach net-zero emissions by 2040. What does net-zero… Continue reading More companies pledge ‘net-zero’ emissions to fight climate change, but what does that really mean?
Changing the agri exports basket
Synopsis: India has the potential to become a global leader in the food processing sector, by making changes to Agri export basket. Introduction The Indian government has been encouraging agricultural exports to meet an ambitious target of $60bn by 2022. What is the current scenario of agriculture? Growing exports: The Ministry of Food Processing Industries… Continue reading Changing the agri exports basket
Jack Ma’s point on collateral-free lending holds relevance in India
Synopsis: The opportunities that cash-flow-based lending offer can have a profound influence on easing some of the constraints on smaller enterprises Introduction Some of the points made by Jack Ma on digital finance at the Bund Finance Summit are worth reading in the context of the progress made in Indian digital finance over the past… Continue reading Jack Ma’s point on collateral-free lending holds relevance in India
Focus on agri-exports
Synopsis: Reforms that needs to be undertaken to achieve full potential of Agri exports in India Introduction The pandemic-driven supply shortage of farm goods and the resultant inc in price in the global market had given India an opportunity to strengthen its Agri-exports. Consequently, rice exports almost doubled to an all-time high of 9.5 million… Continue reading Focus on agri-exports
How sustainable is India’s exports boom?
Synopsis: The rise in exports has sparked hopes of a swift post-pandemic recovery, but there are reasons to be cautious. Introduction August was the fifth straight month when India’s goods exports exceeded $30 billion. In the last five years, other than this ongoing run, it crossed $30 billion in just one other month i.e. March 2019… Continue reading How sustainable is India’s exports boom?
How effective is CPCB in its management of e-waste?
Synopsis: In this article, we will discuss the e-waste generation in India, roles and responsibility of CPCB and actions needed by CPCB to manage it. Introduction Electronic waste (e-waste) is the fastest-growing stream of waste globally. As per the recent report of the United Nations, the world produced around 53.6 million tonnes of e-waste in 2019,… Continue reading How effective is CPCB in its management of e-waste?
