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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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People's consultation on budget urges higher spending on education & health

-Press release by People's Budget Initiative (PBI, http://www.pbiindia.net/) New Delhi: People's Budget Initiative (PBI) is a coalition of civil society organisations from across the country which promotes people’s voice in policy making processes related to government budgets in India. As part of its campaign on ‘Budget Justice for Disadvantaged Sections’, a national consultation on Budget Justice: Agenda for the Next Five Years was organized in New Delhi on 14th September, 2018....

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Size of tax rebates is large as compared to spending by agricultural & rural development ministries

Believe it or not, the total Revenue Foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...

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How the NDA Diluted Tribal Rights to 'Save' Mining Companies From Losing Mines to Fresh Auction -Nitin Sethi

-TheWire.in Data compiled by the mines ministry notes several thousand hectares of mineable area has potentially been prevented from being auctioned, saving the companies that own them money and costing the exchequer in terms of Revenue Foregone. New Delhi: The Narendra Modi government changed regulations meant for protection of tribal rights, forests and environment in order to ensure that more than 130 mines do not face fresh auctions and are instead retained...

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Budget 2016, through a prism of the poor -Brinda Karat

-The Indian Express Gamlina’s response is just one example of how distant this government is from the lives of the poor and how tokenistic its schemes are. Gamlina Soren, an elected panchayat member in Jharkhand, sounded upset. She had been told by a local BJP functionary that gas cylinders were going to be “gifted” to poor women by the Centre but that they must have a BPL card. “But most poor Adivasi...

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