Surge in Personal Income Tax (PIT) Reflects Increased Incomes and Economic Disparity
The taxpaying citizens largely belong to the organised sector. Their incomes have risen substantially and they pay more tax.
Category Center for the Study for Finance and Economics
Is feel good real in India
The ruling party is in election mode with daily pronouncements about how well the Indian economy is doing and benefitting not just the well-off but also the poor in the country. It has claimed a big reduction in poverty in India. It is stated that the Indian economy growing at about 7% is the fastest growing large economy in the world. Further, inflation is said to be tamed and employment generation robust, in spite of global head winds due to the Ukraine war and the pandemic.
It is claimed that India has weathered these global storms better than most rich countries, so, it has become `Vishwaguru’. The Presidency of G20 has been cited as evidence of India becoming a dominant player on the world stage. It is claimed that India’s stock in the world has gone up since it is getting respect from other countries and its stand on various world affairs like, wars in Ukraine and Gaza, is being appreciated. Another sign of good performance is stated to be the desire of major world corporations to invest in India.
Empowering Women through Financial Inclusion: The Lakhpati Didi Scheme, 2023
It is commonly recognised that women's economic empowerment accelerates social advancement and sustainable development. In India, where gender inequality still plagues society, programmes such as the Lakhpati Didi Scheme have become important tools for addressing these inequalities.
BJP and Congress Align Closely on Economic Policies, Highlighting Consensus in Indian Politics
The dichotomy between their economic stances is dubious; the difference is in politics and in shaping the social coherence essential for the economy to function.
Social media is awash with spurious claims of the intrinsic merits and contrast between the economic programmes of the Congress and the BJP.
The BJP is pro-growth, the Congress stands for welfare and redistribution. The BJP is pro-market, the Congress is socialist. The BJP makes India more attractive to foreign investors while the Congress will drive investors away.
Redefining Wealth: From Redistribution to Economic Justice
As our learned judges of the Supreme Court debate the meaning and ambit of Article 39(b), which enunciates the directive principle enjoining the state to make sure “that the ownership and control of the material resources of the community are so distributed as best to subserve the common good”, they would do well to bear in mind two things.
0.016% People’s Wealth Being Protected
In the last three days, wealth redistribution has become a hot electoral issue. It’s being said that the ‘big bad State’ will snatch the properties from everyone and, in Robin Hood style, be distributed to outsiders.
The Golden Rush: Why Central Banks Are Stocking Up
In addition to an uncertain global landscape, which is marked by conflicts such as war, a major factor behind the central banks' rush for gold could be the accelerated pace of de-dollarisation.