On the basis of the recommendations of the Ashoke Mehta Committee, the Panchayati Raj Institutions (PRIs) got constitutional status in India by the 73rd Amendments of Indian Constitution in 1993. The 74th Amendment, at the same time, was for urban local bodies. After 25 years, what’s been the succ...
Ashoke Mitra was a rare breed among the Bengali intellectuals. Even weeks ago before he died on May 1 at the age of 90, he was writing articles for his magazine which he established in his late years.He was born in Dhaka, capital of present-day Bangladesh. In his early life he picked up ...
In India, the Commission for Agricultural Costs and Prices recommends the minimum support prices (MSP) for agricultural commodities (currently for 23 products). On the basis of the recommendation, the Government of India announces the MSPs at the beginning of the sowing seasons. The MSP is a form of...
The present LDF government of Kerala is proactive about providing social securities to its migrant labourers. As many as 15 lakh migrant workers, mainly from Odisha, Bengal and Assam, work in the state. The estimate of workers made by the Gulati Institute of Finance and Taxation, Trivandrum, is much...
For about two weeks, the Union Finance Minister, Arun Jaitley, has been expressing his satisfaction over the turnaround of Indian economy. This has been the case, particularly after the Central Statistical Office’s (CSO) upward revision of the gross added value (GVA) and gross domestic produ...
A few days ago, two reports found prominence in most of the national newspapers. One way the IMF’s forecast on India’s bullish GDP growth performance (7.4%) in 2018 and the other was India’s abjectly poor performance in the Inclusive Development Index (IDI)). The Index shows that India stands ...
The recent advance in GDP estimate of Central Statistical Office (CSO) for 2017-18 has been 6.5% on y-o-y basis. This has been the lowest in 4 years. But the government is hopeful about the turnaround of the economy. Some of the well known business papers are also very proactive to explain the reaso...
The RBI has been imposing PCA (prompt corrective action) in carrying out banking activities against several Public Sector (PSBs) banks to recover their financial health and improve their book values. As of now there are 11 banks on which restrictions have been imposed. What are the bases of impositi...
Kirit BudhbhattiPrincipal, Government registered valuers and Member of Arca Laudis International Network of ValuersQ. How do you explain India̕ s valuation quality compared to developed countries of the world?A. In developed countries valuers are trained in valuation before granting Licence for p...
Proper calculation of valuation of properties is very important for an economy. In India there is huge lack of transparency in calculating it. This is one of the sources of several corruptions. A well known example is the banking sector where valuation of property has an important role in its activi...