Finances not in great shape Budget by S Viswanathan - March 2, 2020March 2, 20200 O Panneerselvam, in his budget speech, presented a detailed report on the performance of the different departments and listed the allocations. The budget for 2020-21 estimates revenue of Rs 219,375 crore comprising Rs 149,429 crore of state’s revenues and Rs 69,946 crore as Central transfers in the form of shared taxes
Tamil Nadu’s finances are not in great shape Budget by S Viswanathan - February 18, 2020February 18, 20200 Deputy Chief Minister, O Panneerselvam, who handles finance also, in his budget speech presented a detailed report on the performance of the different departments and listed the allocations. The budget for 2020-21 estimates a revenue of Rs 219,375 crore comprising Rs 149,429 crore of state’s own revenues and Rs 69,946 crore
MISSED OPPORTUNITIES Budget Cover Story Finance by Industrial Economist - August 1, 20190 This is the first budget of the second term of the Narendra Modi government. It’s a government that has a brutal majority in parliament and should, therefore, be in a position to push through reforms that it believes in. In the last 5 years, world output grew at 3.6 per cent
The budget: Should have opted for a higher fiscal deficit to stimulate growth Budget In The News Inklings by S Viswanathan - August 1, 20190 Five-weeks were a reasonably long time for the new finance minister to come out with a few big-bang reforms. The BJP was returned with an absolute majority; with allies, the NDA further improved its strength in the Lok Sabha. In the Rajya Sabha also the party is heading towards the
PREVIEW SUGGESTIONS Budget In The News by Industrial Economist - July 1, 20190 M R Sivaraman, Revenue Secretary in the early 1990s, earned a reputation for frequent and close interactions with offices and supervisions of the tax spread across the country. The then Finance Minister, Dr. Manmohan Singh, paid rich compliments to Sivaraman’s stewardship at the critical time of India’s transition into a
Welcome prudence in fiscal management Budget Tamilnadu by S Viswanathan - March 1, 2019March 6, 20190 It was a refreshing contrast: the Tamil Nadu budget for 2019-20 broke away from the tradition set by Dravidian parties of announcing fresh sops and freebies. The surprise was all the more given the elections to the Lok Sabha due in the next couple of months! Deputy Chief Minister holding the
Goodies for everybody! Nothing interim about it Budget In The News by S Viswanathan - March 1, 2019March 4, 20190 In more ways than one, the Piyush Goyal budget was different. First, unlike previous finance ministers, many of them lawyers or career politicians, Goyal, a chartered accountant, did not confine to reading the printed text. He made it lively with detailed explanations of the proposals in English and Hindi. Also,
Budget 2018-19, Magnificent Modicare Budget by Industrial Economist - February 12, 2018March 2, 20180 Arun Jaitley’s fifth budget is remarkable for its focus on agriculture, health, infrastructure, education, and the relief offered for senior citizens. The booming stock market, not entirely related to the performance of companies, attracted attention: the budget has proposed a 10 per cent tax on the long-term capital gain. The