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Union Budget 2022-23

adminFebruary 1, 20221359 Views0

Unusual, setting modern India on track Jargons and clichés are out. Budget 2022-23 is a vision document with actions for future India. Giving no space for an election year appeasement, Nirmala Sitharaman enviably presented the Union budget 2022-23, which the otherwise uproarious representatives of people listened in unusual silence. I have watched every budget since 1991 - since the first one presented by Dr Manmohan Singh. Until 2014 every government had coalition compulsions with dictations from State satraps. Budget presentation was a ritual celebrated by a handful of privileged lots. Freebies, subsidies and tax cuts were the yardsticks of budget evaluation. Still, the ghosts haven’t fully disappeared. Hence, there are questions, though not so galore. The budget 2022-23 envisi...

EconomyInfrastructureNews Analysis

Investment in infra sectors

Ecostar Editor MagJuly 6, 20211666 Views0

Fuel for economic growth Through various amendments, the government is trying toopen up more sources of investments in the infrastructuresector, besides equity infusion in the NIIF infrastructuredebt financing platform. Over a period, these investmentswill collectively reflect economic development. urag Singh Thakur, Union Minister of State for AFinance and Corporate Affairs has said recently in theparliament that the government has been contemplating infusing more investments prioritising growth of infraand health sectors to streamline the economy. For this, he saysthe government has taken various steps. For enabling debt financing of Infrastructure Investment Trust (InvITs) and Real Estate Investment Trusts (REITs) by Foreign Portfolio Investors included in the Finance bill 202...

Economy

FDI inflow $ 67.54 billion in 9 months

Ecostar Editor MagJuly 6, 20211177 Views0

FDI equity inflow grew 40% in nine months through the pandemic period All factors are now in favour of India. The post-pandemic global economy is in a reshaping process. India is racing ahead to consolidate its position. Large economies and wealthy foreign investors, in the past, had many misgivings about India. Those misgivings are parting now. The spurt of 40 per cent in Foreign Direct Investment (FDI) in the first nine months of the financial year, 2020-21 was the result of this change. The pandemic stopped everything in India for many months. Still, FDI flowed in to give a major boost to the economy. FDI is an important source of non-debt finance for the economic development of India. The government also successfully put in place an enabling and investorfriendly FDI po...

Economy

GST Impact

Ecostar Editor MagOctober 19, 20201653 Views0

Long term benefit It is a wrong perception that small companies had to close down their shops because of GST. Where there is a will there is a way, some micro and small businesses, which are now finding new opportunities, prove. Some of them have been reborn with a new hope. The implementation of GST has opened the way for making SMEs more professional at least in terms of accounting. GST benefitted many businesses, SME business owners confirm. The implementation of Goods and Service Tax (GST), the biggest tax reform in the history of India with strong technology architecture in place, prevented fouls, leakages and invoice fudging. That also ended double taxation and inter-state tax dissimilarities within the country, besides the nastier octroi. The radical treatmen,t a mass...

EconomySpecial Report

How some enterprises have collapsed?

Ecostar Editor MagOctober 19, 20201719 Views0

Reckless practice The structural reforms filter the fraudulent elements, instead of giving them new opportunities for growth. If a business is not built on a professional framework, not complying with rules of the land and adhering to ethics, it cannot survive structural changes. For collapse of such companies the responsibilities vest with the promoters themselves. Nevertheless, structural reforms on a strong IT architecture implemented by the present government plugged the leakages, which were obviously unacceptable to "business" miscreants. They had their inevitable fall, yet with a calibrated space for revival, but in strictly disciplined ways. Only corrupt and crooked individuals could build their fortune from the corruption, nepotism, crony capitalism and open secrets of unc...

Economy

Government finds huge wealth in oil exploration

Udaykumar K V MararJanuary 8, 20191813 Views0

The government expects an estimated revenue of Rs 45,000 crore under Discovered Small Field Bid Round-II from 25 Contract Areas; and Rs 9000 crore under Discovered Small Field Bid Round-I from 30 Contract Areas. The gross estimated revenue is based on estimates of oil and gas hydrocarbon in place reserves, assumption in terms of hydrocarbon recovery factor, hydrocarbon sale price, etc, from 25 Contract Areas considering project life of 15 years. However, actual revenue realization from these fields may vary based on actual award of Contract Areas; development strategy adopted by the contractor; actual production realized; and techno-economics of the individual field, etc, says Minister of Petroleum and Natural Gas, Shri Dharmendra Pradhan.The last date of bid submission under Discovered...