Budget
The opportunity provided by high growth and a comfortable revenue situation to make a serious attempt to boost allocations for education and agriculture has been allowed to slip away. The high...
cess has been increased from 2 to 3 per Implications for Education cent this year, the implications of which Budget 2007 has increased allocation for basic education and initiated some fresh...
article examines the fiscal adjustment that the Union Budget 2007-08 aims at. It also looks at how the growth momentum of the economy can be maintained by, among other things, easing infrastructure...
Finance minister P Chidambaram claims that Budget 2007 addresses the challenges confronting Indian agriculture. How true is this claim?
By not paying attention to the wish lists of business and industry groups, P Chidambaram has done the right thing. The measures related to tax reform in Budget 2007 are the correct ones, but fiscal...
The Union Budget 2007-08 utterly fails to appropriately respond to the social needs of a situation of profit inflation. The situation demanded an increase in government expenditure relative to gross...
This article first argues why independent taxation of corporate profits and dividend incomes has ill-effects on equity and efficiency and then considers the merits and drawbacks of tax alternatives...
This article examines the allocations for health in the budget in the light of the commitments made in the National Common Minimum Programme and the trend in state governments' expenditures. The...
The tax expenditure statement or the statement of revenue foregone presented for the first time in the 2006-07 union budget deserves to be welcomed for its efforts to impart greater transparency to...
India's defence spending keeps rising - for internal and external operations, on manpower and armaments - and yet little of this is subject to much interrogation.
Reforms of indirect taxes in the budget amount to almost nothing. Customs tariffs have remained about the same while the number of exemptions have increased. In the case of CENVAT, rules remain...
Many more incentives, programmes and policy corrections than have been announced in the budget are required if yearly agricultural growth is to accelerate from 1.5 per cent to 4 per cent.
The emphasis on better utilisation of existing capacity in the Indian railways has obviously come to stay, though the railway budget of 2006-07 also outlines investment possibilities that are to be...
What kind of Goods and Services Tax is under contemplation? Will it only replace CENVAT and the service taxes levied by the centre, leaving, the state VATs untouched? Or will it also displace the...
