India is divided over the Interim Budget 2019-20. Opposition political parties argue that it is a political budget aimed at the general elections which is in less than three months. They further argue that the budget has no growth direction. The government claims that the Budget charts the future ro...
CHAMBER VIEWThe Bengal ChamberWe feel that the Interim Budget of 2019-20 is a forward-looking budget in an election year. There’s emphasis on raising farmers’ income. It also laid stress on the pension programme for the organised sector, increasing gratuity and ESI limit, providing tax benefit t...
The Micro, Small and Medium Enterprises (MSMEs) sector is one of the highest employment generating sectors in India. Yet, it is facing a number of challenges. In India, the total number of registered and unregistered MSMEs is about 42.50 million and constitutes around 40% of the country’s workforc...
Against the backdrop of recent farmers’ agitations in large parts of India and the BJP’s unexpectedly poor electoral performance in many states, it was expected that the NDA government would present a farmer-centric rural budget this time round.The first reaction to the interim budget speech of ...
The 2019 Indian Interim Budget raises the “Is the glass half empty or half full” question. Though the budget has been designed to pacify the majority of Indian voters, the government has neglected many important economic factors. One of them is capital formation.Capital formation or accumulation...
The Institute of Cost Accountants of India (ICAI) recently organised a post-budget analysis in association with the Indian Museum, Kolkata, and Business Economics. This event had wide participation by practitioners, academics, scholars and students. The speakers included Professor Sugata Marjit, a r...
The Interim Budget presented by the Interim Finance Minister, Piyush Goyal on February 01, 2019, is a balanced budget as it focuses on social infrastructure, digital infrastructure, injecting liquidity in the economy, and leaving more funds with taxpayers to stimulate savings and consumption. The sc...
Indian statistics, whether it is regarding GDP growth or unemployment or poverty levels, are now in question worldwide. The ‘base years’ for calculations have changed too frequently in recent times. The ministry and the independent commissions (like the National Statistical Commission, NSC or th...
“When people ask me if a God created the universe, I tell them that the question itself makes no sense. Time didn’t exist before the Big Bang, so there is no time for God to make the universe in. No one created our Universe, and no one directs our fate.” &nbs...
It was not an easy task for the people of Bangladesh to go against the Government of Pakistan, which had made Urdu the sole national language in East Pakistan. Those familiar with post-colonial politics in the Indian sub-continent know that the struggle to recognise Bengali as a national language cu...