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Uttam Gupta
Fertiliser subsidy: Shortcuts won’t work
The initiatives taken by the Government are unlikely to bring down the quantum of fertiliser subsidy Propelled by the need to return to fiscal consolidation path and targeting fiscal deficit as a proportion of GDP at 5.9 per cent for financial year (FY) 2023-24 (against 6.4 per cent for FY 2022-23),...
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India must tax MNCs for revenues here
07 January 2023 | Uttam Gupta -
PMGKAY withdrawn but free food stays
03 January 2023 | Uttam Gupta -
Income inequalities: Tackle the root cause
01 February 2022 | Uttam Gupta -
Delink disinvestment & budgetary exercise
18 January 2022 | Uttam Gupta -
FDI in retail: The conundrum persists
11 January 2022 | Uttam Gupta -
The tale behind putting off key power reforms
04 January 2022 | Uttam Gupta -
Paratroop reforms on the ground
30 January 2021 | Uttam Gupta
India must stand its ground
All objections raised by the USTR on the DST levied by India on foreign tech firms are baseless. The Govt must not yield to the pressure tactics of the US administration by withdrawing the tax In its findings on the Section 301 probe conducted under the US Trade Act, 1974, the...
Stop chasing a mirage
The Govt needs to pursue disinvestment, including privatisation, as an objective by itself instead of linking it to revenue receipts and meeting the fiscal target The Department of Investment and Public Asset Management (DIPAM) is in a war of words with the Ministry of Finance (MoF) over the proceeds of disinvestment...
A taxing problem
India’s sovereign taxation rights on capital gains cannot be held hostage to its bilateral investment treaties with other countries The Permanent Court of Arbitration (PCA) tribunal in The Hague has rejected the back tax demands of Indian tax authorities in both, the Cairn and Vodafone cases. These back taxes relate to...
No power in these reforms
Just as the UDAY scheme was meant to extinguish the liabilities of discoms, the proposed electricity distribution reform programme, too, seeks to give them the money on a platter The Government is expected to announce a Rs 3,00,000 crore electricity distribution reform programme to reduce losses and improve the efficiency of...
Don’t squeeze PSUs
The Govt should collect money from all those who owe it instead of squeezing CPSEs for bridging fiscal gaps. This is neither healthy for the economy nor good for the enterprises The Department of Investment and Public Asset Management (Dipam) has come out with a circular requiring Central Public Sector Enterprises...
Checks and balances
Crony capitalism has also happened in public sector banks. There is a dire need to strengthen regulatory oversight to guard against irregularities in running all banks The recommendation of an Internal Working Group (IWG) set up by the Reserve Bank of India (RBI) to allow industrial houses to own banks —...
Plug the leaks
The Government should stop selling food at a subsidised price through the PDS. Instead, it should limit its role to crediting subsidy directly to the accounts of beneficiaries Since 2014, the Narendra Modi Government has weeded out close to 44 million bogus ration cards by using the Information Technology (IT) infrastructure...
