Background: The government of India is working on a plan to revive the economy after growth slipped to a modest rate of 5.7% in the first quarter of the current fiscal compared with 7.9% in the same quarter last year. Media reports suggest that it is mulling...
Nobel Laureate Muhammad Yunus launched Grameen Bank in Bangladesh, which made capital available to the poor, especially women. His new book- A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions, the impact of microcredit in enabling millions...
Strengthening the agricultural sector Background: Last month, the NITI Aayog released the Three-Year Action Agenda (TYAA) for the government, a roadmap for reforming the various sectors of the economy. Its agenda for the agriculture sector, and how best it can rescue the sector has been discussed in this...
The Central Government of India has launched a new scheme ‘Sankalp se Siddhi – New India Movement’ on the occasion of 75th anniversary of Quit India movement. This is an integrated yojana for the betterment of the nation by 2022. Download Government Schemes PDF here “Sankalp Se Siddhi-...
Introduction (Origin) In the post independent India, despite the abolition of zamindari, the farmers were not ‘liberated’ from exploitation. Because the goons of local bainyaa or moneylender would (often forcibly) take away the produce to recover their dues without adequate compensation to the farmer. To...
Why do we need MSP? The markets for agriculture inputs and outputs are ‘inefficient’, because of speculation, hoarding and leakages. They result into high input cost and low output price. India farmers have very low resilience to such uncertainties because : Individually, most Indian farmers produce very little...
_For a reform that was cracked up to be India’s biggest tax overhaul since Independence, the roll-out of the goods and services tax is off to a less-than-desirable start. Over 80 days after its introduction, the GST Network, its online backbone, is struggling to keep pace...
Quantitative easing has concluded in the world’s largest economy — at least for now. Almost nine years after the U.S. Federal Reserve started its unprecedented programme of liquidity infusion through the purchase of asset-backed and Treasury securities in the wake of the global financial crisis,...
WeBackground: While tax administration has seen some paradigm shifts both in the domain of direct and indirect taxes, the taxpayer still seems to be wanting for greater certainty and fairness in the levy, assessment and collection of taxes. This is where an internationally recognised concept such...
The sharp increase in petrol and diesel prices has caused furore. Prices of these fuels in India had increased due to a sharp rise in their international prices. When the price of crude oil has halved since mid-2014, critics ask, why does petrol and diesel...