ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Budget Focus: A Desperate Gamble

Higher allocations for a few infrastructure sectors will not kick-start a virtuous cycle of investments.

What Must be the Priority of the Budget?

Improving agriculture incomes and boosting consumer demand must be the top priorities.

Nine Years of Turmoil in Taxation

In 2012, the finance ministry of the Government of India amended the Income Tax Act to tax capital gains from indirect corporate transactions. This law was applied retrospectively, permitting the finance ministry to tax companies for similar transactions in the previous half a century and creating consternation among foreign investors. The ministry decided to dispense with this in August 2021. Despite the altered legal position that this law will apply prospectively instead of retrospectively, the woes of the ministry are not over.

Oil Deregulation: Losing Sight of Goals?

Rhetoric and even platitudes are necessary notes of any official policy statement. But usually the notes are the overtones of a song/symphony – not though in the government’s draft science policy statement. Drafted by a group of eminent scientists/science administrators and bureaucrats the policy, the third such statement to be issued since independence, is content to construct fetching word pictures without spelling out the processes which can reverse the steadily decreasing interest in science in the country. Even the implementation strategy document that accompanies the policy statement – an innovation, to be sure – fails to grapple with the real issues.
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