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Displaying 1 - 7 of 7
Legislation

Chit funds: Q & A

Vishnu - May 23, 2013
These are challenging times for chit fund operators. A scam involving the Saradha group allegedly conning customers under the guise of a chit fund, has raised serious questions for the industry. With a reported 10,000 chit funds in the country handling over Rs 30,000 cr...
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Miscellaneous

Special Category status and centre-state finances

Vishnu - April 12, 2013
"No one can ignore Odisha's demand. It deserves special category status. It is a genuine right," said Odisha Chief Minister, Naveen Patnaik, earlier this month. The Odisha State assembly has passed a resolution requesting special category status and their demands follow Bihar...
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Parliament

The Budget: What happens next and some stats on what happened before

Vishnu - March 14, 2013
Authored by Vishnu Padmanabhan and Priya Soman The Budget speech may have already been scrutinised and the numbers analysed but the Budget process is far from complete.  The Constitution requires expenditure from the government’s Consolidated Fund of India to be approved by the Lok S...
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Policy

Arguments regarding FDI in retail

Vishnu - December 4, 2012
After months of discussion,  the issue of FDI in retail is being deliberated in the Lok Sabha today.  In September 2012, the Cabinet had approved 51% of FDI in multi-brand retail (stores selling more than one brand).  Under these regulations, foreign retail giants like Walmart an...
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Policy

Kelkar Fiscal Report - Highlights

Vishnu - October 17, 2012
Recently, the Kelkar Committee published a roadmap for fiscal consolidation.  The report stresses the need and urgency to address India’s fiscal deficit.  A high fiscal deficit – the excess of government expenditure over receipts – can be problematic for many reasons. &nb...
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Legislation

General Anti Avoidance Rule (GAAR)

Vishnu - May 17, 2012
The issue of the General Anti Avoidance Rule (GAAR) has dominated the news recently and there are fears that GAAR will discourage foreign investment in India.  However, tax avoidance can hinder public finance objectives and it is in this context GAAR was introduced in this y...
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Policy

Power situation in Tamil Nadu and other states

Vishnu - November 1, 2012
Reports suggest that the first reactor of the Kudankulam power plant is close to operational. With state discoms struggling, advocates of nuclear power see Kudankulam as a necessary boost to India’s struggling power sector.  The Kudankulam power plant will have two reactors.  At full...
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