The Deliberation

12/08/2024

India’s retail inflation eases to 3.54% in July, lowest in five years which was highest in July 2023, retail inflation reaching 7.44 percent.

India’s retail inflation eases to 3.54% in July, lowest in five years

25/07/2024

Reliance Industries has got US nod to import oil from Venezuela. ONGC has also applied for waiver!

This will increase India's access to cheap oil and the Russia factor must have played a significant role as to enable India to explore more alternatives. US had imposed sanctions in 2019.

This will also help India in bringing down its dependence in Middle East oil.

As a whole this is going to significantly increase the bargaining power of India with the oil trading countries. Both Russia and Middle East would be ready to offer oil at more favorable terms to India.

https://www.reuters.com/business/energy/indias-reliance-gets-us-approval-import-oil-venezuela-source-say-2024-07-24/ #:~:text=NEW%20DELHI%2C%20July%2024%20(Reuters,the%20matter%20said%20on%20Wednesday

25/07/2024

Angel Tax

24/07/2024

Rising FDI in India

23/07/2024

Only 2.2% adult Indians pay Income Tax (direct tax) to the Government of India. India must increase this ratio. But for it to happen India needs to increase the real average income of the adults and that can happen only with increased economic growth in long term. To keep GDP growth rate on higher side, India needs to increase investment in capacity building and for Indian economy requires huge savings to support and savings in India is falling.
To increase savings in India, the government must increase tax deductions under 80C of IT Act along with standard deduction.
Many would think that increasing tax deductions would negatively impact tax collection and spending of govt. Rather it is contrary. It would result in more indirect taxes from increased disposable income and corpus in form of long term savings to increase capacity.

23/07/2024

Finance Minister Nirmala Sitharaman must ensure that in Budget 2024 of Modi 3.0 increases the tax deduction limit from ₹2.5 lakhs to ₹4 lakhs or ₹ lakhs along with standard deduction to increase the demand in the Indian economy which would lead to more jobs because of increased disposable income. If only standard deduction limit is increased, then it would neither serve the purpose of increasing economic activities in the economy nor in controlling the falling savings in the economy.

18/07/2024

Every month in the first week, India has been regularly and religiously releasing the GST collection data. It was religiously followed till June 2024. But since 1st June 2024, GST collection data has not been released. None knows, why has it not been released?

People are now speculating about it with so many conspiracy theories. However, media reports suggest that the GST collection in the month of June 2024 was ₹1.74 lakh crores which is 7.7% greater than the collection of June 2023.

Indian authorities must come up with the GST collection data as soon as possible. Otherwise any delay will impact the credibility of data!! And at this point of juncture with a relatively weak and coalition government at center under Shri Narendra Modi, it may prove very costly for India.







https://www.rajeevupadhyay.in/2024/07/why-has-gst-collection-data-for-june-2024-not-released.html

17/07/2024

First it was Haryana; now it is Karnataka who is going bring reservation in private sector.
I think they have lost all their senses. Even after witnessing that Harayana could get nothing from such initiatives, they are not ready to learn!
Why?
The damn petty politics!!

17/07/2024

India is expected to arrive at the peak point in 2034 for the so-called demographic dividend.
But would India be able to enjoy the possible benefits arising from the favourable demographics?
I don't think!
India hasn't invested in key strategic areas to extract the benefits!
Why?
Lack of vision?
Utopian and myopic Politics?
Or both?