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Uttam Gupta
Need for rationalising taxes on fertilisers
The GST Council, responsible for tax rate decisions has yet to resolve the tax discrepancies despite multiple discussions and recommendations For over five years now, the fertilizer industry has been facing an ‘inverted duty structure’. Inverted duty structure refers to a situation in which raw materials (RMs) are taxed at a...
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Reforming the personal income tax regime
01 August 2024 | Uttam Gupta -
Budget is pro-growth but stability concern remains
29 July 2024 | Uttam Gupta -
Income tax amendment promises relief for MSMEs
24 July 2024 | Uttam Gupta -
India narrowly escapes fiscal catastrophe
15 July 2024 | Uttam Gupta -
The cost of freebies and the legal quagmire
09 July 2024 | Uttam Gupta -
Focus shifts to prudent public wealth management
02 July 2024 | Uttam Gupta -
Water crisis in Delhi is entirely man-made
26 June 2024 | Uttam Gupta
Populism cripples revival of discoms
The twin problems of AT&C losses and under-recoveries on sale to certain households or farmers in some States have existed for close to a quarter century The Centre is planning to launch ‘another’ scheme to enable public sector power distribution utilities (discoms) to cut technical losses via "transition financing" of the...
The long and short of Modi’s welfarism
The Govt is doing a good job of supplying food, fuel and fertiliser at subsidised cost but the largesse recipients are unlikely to make space for other deserving people An overarching policy instrument Prime Minister Narendra Modi uses in relentless pursuit of a welfare State is his unflinching commitment to ensuring...
RBI dividend aids Government finances
The RBI’s dividend transfer provides a substantial fiscal cushion to the cash-strapped Government, but it must be prudent in fiscal management and resource allocation In the amendment to the Fiscal Responsibility and Budget Management (FRBM) Act through the Finance Bill 2018-19 (the amendment was based on the recommendations of Dr N...
Do not withdraw capital support for oil PSUs
The Government slashes equity infusions for three major oil sector CPSUs by 50 per cent, contradicting its 2023–24 budget commitments In the Budget for the financial year 2023-24 (April 1, 2023, to March 31, 2024) presented on February 1 last year, the Union Finance Minister Nirmala Sitharaman announced an equity infusion...
Stopping thieving through DBT
A lot of pilfering from fertiliser subsidies is happening due to policy flaws. This can be curbed if only the subsidy is given under Direct Benefit Transfer On January 22, 2019, addressing NRIs and Indian-origin people at the inauguration of the 15th Pravasi Bharatiya Divas convention in Varanasi (Uttar Pradesh), Prime...
Rationalise regulations for e-commerce
When the Government expects foreign companies to do almost everything that a retailer does, how can it deny these firms the right to sell? Way back in 2019, Delhi Vyapar Mahasangh (DVM) an organisation of retail traders in the national capital had lodged a complaint with the Competition Commission of India...
Plug leakages in fertiliser subsidy
The real reason behind the leakage is control of the MRP at an artificially low level. Dubious players have a huge incentive to divert and rake in the moolah As part of the 100-day agenda of Modi 3.0, the Government intends to administer fertiliser subsidies more effectively and cut down on...
