M Govinda Rao

Far from empowering the poor, the proliferation of freebies could have the opposite effect, harming social and economic outcomes

The phasing out of the import of Russian oil might increase the cost of importing crude oil and escalate Budget expenditure

It is necessary to see the challenge posed by the prevailing situation as an opportunity and respond effectively to make the economy competitive

Rate rationalisation is welcome, but more work is needed to eliminate cascading taxes

The only way to improve farmers' fortunes is by increasing productivity, not condemning them to penury in the name of protection

Karnataka's rapid growth since 1991 hasn't translated into broader human development. It is time for a policy reset

Despite some setbacks and global uncertainty, the economy has shown remarkable resilience and is poised to surpass Germany before the end of the decade to become the third-largest

The report ranks performance of states in terms of 7 pillars - namely, economic, fiscal, financial, infrastructural, social, governance, and environment - and works out composite index to rank states

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US

Multinationals and high-net-worth individuals (HNIs) dodge taxes in a variety of ways. The most common way for multinationals is through the transfer pricing mechanism

Despite fact that Constitution assigns states predominant role in provision of social services and co-equal responsibility in economic services, their fiscal performance has not received much focus

This was an opportune moment to get rid of the old tax system entirely and move fully to the new one. A broad-based, low-rated, and less differentiated tax structure is the need of the hour

To have an accommodating investment climate, it is important to ensure stable governance

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Much as India desires the existence of cooperative federalism, what it often witnesses is competition

Streamlining rates and expanding GST coverage can enhance revenue and reduce distortions; political buy-in remains a key challenge

The reluctance to undertake comprehensive rate rationalisation, fearing revenue loss, is short-sighted

Initiating policy reforms on the priorities outlined in the Budget without delay is crucial for India's developmental goal

Tinkering with rates proposed in the Budget does not change the protectionist stance and there is a need for rethink on the issue

Despite making gains, next-generation reforms are required to expand and streamline the GST