A K Bhattacharya

All stories by A K Bhattacharya

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com6 days ago

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

30 Years Later, Rao-Singh's Reforms Endure

30 Years Later, Rao-Singh's Reforms Endure

Rediff.com13 Jul 2021

But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.

Time to revert to Rs 3.5 lakh as tax exemption limit?

Time to revert to Rs 3.5 lakh as tax exemption limit?

Rediff.com29 Jun 2021

Before 2019, an estimated 22 million individual income-tax returns did not have to pay any taxes. But after the change in the exemption level, another 13 million individual tax returns did not require to pay taxes. Thus, of about 58 million returns, as much as 63 per cent or 35 million went out of the direct tax net, A K Bhattacharya points out.

Explained: The Secrets of Mamata's Victory

Explained: The Secrets of Mamata's Victory

Rediff.com17 May 2021

The notion that the BJP gained its increased tally by wiping out the Left parties and the Congress is completely misleading. Equally misleading is the belief that the TMC held its ground in all its existing seats. A little more than a fifth of the seats Mamata Banerjee's party had won in 2016 was lost to the BJP this time.

The Puzzle of the GST Windfall in March

The Puzzle of the GST Windfall in March

Rediff.com21 Apr 2021

Any judgement on whether the March numbers reflect sustainable growth in GST collection should ideally await the numbers that will be out in May, points out A K Bhattacharya.

Modi backs Sitharaman!

Modi backs Sitharaman!

Rediff.com1 Apr 2021

When Nirmala Sitharaman announced her new privatisation policy, there were serious doubts if the move had the BJP's full political backing. All those doubts were dispelled when her initiatives were endorsed by Modi in Parliament, observes A K Bhattacharya.

Covid will have long-term effect on economy

Covid will have long-term effect on economy

Rediff.com23 Mar 2021

'The finance ministry's decision to accept the deficit target of 4.5 per cent in 2025-2026 appears to have emanated from its endorsement of the Finance Commission's view that the Indian economy will continue to remain impacted by the pandemic, adversely undermining its growth potential,' notes A K Bhattacharya.

4 ways Nirmalaji's Budget is different

4 ways Nirmalaji's Budget is different

Rediff.com6 Mar 2021

But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.

The Budget: A Reality Check

The Budget: A Reality Check

Rediff.com4 Mar 2021

Do the actual numbers bear out the claims made by the government or do they suggest something else? asks A K Bhattacharya.

Why not try the VAT model with farm laws?

Why not try the VAT model with farm laws?

Rediff.com8 Feb 2021

If eight states could join the VAT system much after the rollout date and after seeing how it works, why can't the same apply to states opposed to the farm laws, asks A K Bhattacharya.

What will Nirmalaji do on February 1?

What will Nirmalaji do on February 1?

Rediff.com25 Jan 2021

If Nirmala Sitharaman does indeed present a 'never-before' like Budget on February 1, going by her promise, she would create a new benchmark for post-contraction Budgets, observes A K Bhattacharya.

Budget must provide a realistic road map

Budget must provide a realistic road map

Rediff.com14 Jan 2021

'But can it afford to present a scenario within the existing legal framework of fiscal consolidation?', asks A K Bhattacharya.

What will Nirmalaji's Budget give us?

What will Nirmalaji's Budget give us?

Rediff.com15 Dec 2020

Can the finance minister manage our expectations, asks A K Bhattacharya.

No escape for Modi Sarkar from extra borrowing

No escape for Modi Sarkar from extra borrowing

Rediff.com7 Dec 2020

Clearly, the extra borrowing of Rs 4.2 trillion the government has planned so far will not be enough to meet the shortfall in revenues which could be between Rs 8 trillion and Rs 10 trillion, points out A K Bhattacharya.

Will there be less account engineering?

Will there be less account engineering?

Rediff.com4 Nov 2020

IThe fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget estimates.' With the government having already planned for an additional borrowing of over Rs 4 trillion, the fiscal deficit for the current year would be much higher than the Budget estimate, notes A K Bhattacharya.

Oil levies cushion revenue shock for Modi

Oil levies cushion revenue shock for Modi

Rediff.com20 Oct 2020

The oil sector has been quite lucky for the Modi government. It has often provided an opportunity to the government to mend its finances, notes A K Bhattacharya.

Why Modi chooses protectionism over pragmatism

Why Modi chooses protectionism over pragmatism

Rediff.com7 Oct 2020

'There can be no dispute over the adverse impact such a policy will surely have on India's manufacturing competitiveness,' notes A K Bhattacharya.

GST payout: Why Centre is avoiding a vote

GST payout: Why Centre is avoiding a vote

Rediff.com22 Sep 2020

The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.

When Pranab clashed with Manmohan, twice

When Pranab clashed with Manmohan, twice

Rediff.com8 Sep 2020

Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.

Faceless assessment and the problem of tax arrears

Faceless assessment and the problem of tax arrears

Rediff.com7 Sep 2020

'It may be prudent not to plunge into a new online tax appeals system in one go, which could only create more disputes and increase the embarrassingly high tax arrears of the government,' warns A K Bhattacharya.

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