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Union Budget 2022-23

adminFebruary 1, 2022 1624 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...

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Editor's Insights

Rollback and rate irrationality

Ecostar Editor MagJuly 6, 2021 1391 Views0

In India, politics and economics are interlinked. Apparent welfare measures and freebies are thesensitive vote catchers as well as the biggest sources of frauds at the ground level. Though the practice of DirectBenefit Transfer (DBT) has considerably reduced the malpractices at the delivery level, economic misuse forpolitical gain is still prevalent, as it is hard to do away with the so-called socialist legacy. Almost every political debate takes place on the government's policy measures without subjecting them to a wise analysis. Even deemed wise men talk unwisely.Based on the media judgement, many times government used to roll back policy decisions and budget proposals. But that was the first time, the Union Finance Minister had reversed the rate cut announcement within a time between d...

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Editor's InsightsUdaykumar K.V.

Loan write-off never means a defaulter is forgiven

EditorMay 16, 2021 2398 Views0

Writing off doesn't mean forgiving the defaulters' loan. It is only a technical term used in the accounting of commercial banks for recalibration of non-performing assets (NPA) to save tax, after making full provision against the NPA. This practice is done since prudential norms came into existence many years ago. Many people, including intellectuals and pseudo-intellectuals, still publicise "writing off' of corporate loans, as if the lenders have forgiven the loans. Surprisingly, they do not know the term write-off is only a misleading argument. It is no more freedom for the borrowers to sit without the liability of repaying it. Every borrower will have to repay their loans even if the banks write off the loan from their books.  Writing off doesn't mean forgiving the defaulters' loa

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Gifting wonders from India’s Tribals’ talent

Ecostar Editor MagNovember 17, 2020 1877 Views0

Imagine, the talents of Indian tribals are nurtured with the support of TRIFED, which has now worked out a plan with Jagdalpur Jail authorities. The tribal inmates of the jail have made beautiful gifting items. TRIFED is doing a wonderful job. Tribal Cooperative Marketing Development Federation, widely known as TRIFED, is a national level cooperative body focusing on socio-economic development of tribals. It is an initiative that has institutionalised the trade of minor forest produce (MFP) and surplus agricultural produce (SAP) collected/ cultivated by the tribals of India. Under this umbrella, today 1.25 lakh tribal families work and make more than a lakh products. Sold through 121 outlets the products made by tribals generate a turnover of Rs 91 crore.  TRIFED continues to expand...

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Post Covid-19: New worldwide interest in Ayurveda

Ecostar Editor MagOctober 31, 2020 3764 Views0

According to the Union Minister Dr Jitendra Singh, who is also a professor of diabetes and endocrinology, the western world has turned to India to explore the best practices of alternate medicine. The period ahead is for Ayurveda, the safest healthcare system in the world. The pandemic has made people all over the world think of a system that harnesses the strength nature for taking care of human health. The COVID-19 has evoked worldwide interest in India’s traditional healthcare systems like Ayurveda, naturopathy and Yoga to build immunity and search for a healthy lifestyle, says Union Minister of State Dr Jitendra Singh. In the last four-five months the western world has turned to India to explore the best practices of alternate medicine. New India will become AtmaNirbhar in hea...

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