All stories by A K Bhattacharya
The Puzzle of the GST Windfall in MarchRediff.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!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 economyRediff.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 differentRediff.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 CheckRediff.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?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?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 mapRediff.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?Rediff.com15 Dec 2020
Can the finance minister manage our expectations, asks A K Bhattacharya.
No escape for Modi Sarkar from extra borrowingRediff.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?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 ModiRediff.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 pragmatismRediff.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 voteRediff.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, twiceRediff.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 arrearsRediff.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.
When will Modi shuffle his ministers?Rediff.com30 Jul 2020
Far more important than governance is to ensure how different states get necessary representation a'The pressure to expand the council of ministers will come from states where the BJP has formed a government after ousting the Congress,' predicts A K Bhattacharya.
The Mystery of Rising FDI as GDP SlumpsRediff.com28 Jul 2020
'An explanation perhaps lies in the culture of revisions that has grown deep roots in the government data collection system,' notes A K Bhattacharya.
Economy: Why Modi must be on guardRediff.com20 Jul 2020
'The road ahead for the government's fiscal management will be full of many new challenges,' warns A K Bhattacharya.
Is Modi afraid of expert advice?Rediff.com9 Jul 2020
It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.