A K Bhattacharya

All stories by A K Bhattacharya

Oil levies cushion revenue shock for Modi

Oil levies cushion revenue shock for Modi

Rediff.com4 days ago

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.

When will Modi shuffle his ministers?

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 Slumps

The Mystery of Rising FDI as GDP Slumps

Rediff.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 guard

Economy: Why Modi must be on guard

Rediff.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?

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.

How oil holds the key to India's economic health

How oil holds the key to India's economic health

Rediff.com29 Jun 2020

Every time the Indian economy has faced headwinds due to international developments, the oil sector has played a crucial role, explains A K Bhattacharya.

How reliable is India's GDP figure?

How reliable is India's GDP figure?

Rediff.com18 Jun 2020

'Given that the economy is going through a slowdown, further downward revisions of the 2019-2020 growth estimates cannot be ruled out,' notes A K Bhattacharya.

India Inc, stop whining!

India Inc, stop whining!

Rediff.com4 Jun 2020

'Instead of wailing about the absence of tax benefits, the private sector should press for an early implementation of the package of measures,' advises A K Bhattacharya.

New FDI policy may hurt India's start-up dream

New FDI policy may hurt India's start-up dream

Rediff.com6 May 2020

'As much as $4 billion in India's start-up companies has come from Chinese funds.' 'Government policy must not remain indifferent to the problems India's start-up ventures are likely to face after the change in FDI rules,' says A K Bhattacharya.

How COVID-19 spoilt India's oil bonanza

How COVID-19 spoilt India's oil bonanza

Rediff.com1 May 2020

'The impact of COVID-19 on the economy has been so overwhelming that even a significant drop in global oil prices, which in normal times would have brought cheer, has posed new challenges for the government,' observes A K Bhattacharya.

The challenge of the lockdown

The challenge of the lockdown

Rediff.com24 Apr 2020

'How the lockdown is phased out or lifted will tell us if the government has succeeded in its battle against COVID-19.' 'If it cannot sequence its decisions on exiting the lockdown, the few gains secured so far may be frittered away,' says A K Bhattacharya.

Should govt declare a financial emergency?

Should govt declare a financial emergency?

Rediff.com9 Apr 2020

'So far, no government has imposed a financial emergency in the country,' notes A K Bhattacharya.

Budget, the other casualty of COVID-19

Budget, the other casualty of COVID-19

Rediff.com7 Apr 2020

'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.

Why did Nirmalaji deviate from fiscal deficit target?

Why did Nirmalaji deviate from fiscal deficit target?

Rediff.com21 Feb 2020

The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.

Will Modi take swadeshi route to privatise Air India?

Will Modi take swadeshi route to privatise Air India?

Rediff.com10 Feb 2020

'Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity,' says A K Bhattacharya.

Modi may shut Air India by June

Modi may shut Air India by June

Rediff.com9 Jan 2020

'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.

Industry-Mody govt: A new phase?

Industry-Mody govt: A new phase?

Rediff.com7 Jan 2020

'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.

Why Budget 2020 will be different

Why Budget 2020 will be different

Rediff.com1 Jan 2020

In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.

Why BJP should be grateful to Rahul Bajaj

Why BJP should be grateful to Rahul Bajaj

Rediff.com20 Dec 2019

'A close relationship between India Inc and the government cannot help the BJP win elections.' 'While Opposition parties may feel good about Mr Bajaj criticising the Modi regime, the BJP should be seeing the indictment as a political boon,' says A K Bhattacharya.

Why does Dr Banerjee provoke BJP ire?

Why does Dr Banerjee provoke BJP ire?

Rediff.com31 Oct 2019

'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.

Why did govt sack so many tax officers?

Why did govt sack so many tax officers?

Rediff.com14 Oct 2019

'If more than 60 commissioner-level tax officials were compulsorily retired in the span of a few months, surely the malaise is far deeper,' notes A K Bhattacharya.

Revealed: How PM planned demonetisation

Revealed: How PM planned demonetisation

Rediff.com4 Oct 2019

November 8 will mark three years after demonetisation. A K Bhattacharya reveals for the first time how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.

How cash-starved Modi govt plans to prune expenditure

How cash-starved Modi govt plans to prune expenditure

Rediff.com28 Aug 2019

'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.

What is holding Modi govt back on the economy

What is holding Modi govt back on the economy

Rediff.com14 Aug 2019

'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.

GST and the skewed 60:40 formula of the Modi govt

GST and the skewed 60:40 formula of the Modi govt

Rediff.com15 May 2019

It is possible that the Centre has now become wiser and has decided to follow an allocation system which gives it more from Integrated GST and helps boost its revenues, says A K Bhattacharya.

Why election manifestos are fast losing credibility

Why election manifestos are fast losing credibility

Rediff.com17 Apr 2019

A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.

Modi Sarkar's Rs 6.26 trillion bonanza for PSUs

Modi Sarkar's Rs 6.26 trillion bonanza for PSUs

Rediff.com9 Mar 2019

Modi government's story of five years with regard to equity allocation for PSUs shows that it may have allowed a large part of its resources to be wasted. This is also a worrying reflection of the government's inability to take hard decisions - whether they pertain to privatisation or forcing weak public-sector banks to wind down their operations, says A K Bhattacharya.

Why FY20 may be a difficult year for the PSUs

Why FY20 may be a difficult year for the PSUs

Rediff.com25 Feb 2019

While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.

Why FY20 may be a difficult year for the PSUs

Why FY20 may be a difficult year for the PSUs

Rediff.com21 Feb 2019

While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.

An interim Budget with all the features of a full Budget

An interim Budget with all the features of a full Budget

Rediff.com12 Feb 2019

Forget about interim Budgets, one cannot easily recall even a full Budget of any government in recent times having rolled out benefits of this order to such a large number of people, says A K Bhattacharya.

Want to know true state of economy? Tune into President's address

Want to know true state of economy? Tune into President's address

Rediff.com30 Jan 2019

The President's address to Parliament on January 31 will contain the government's report card on the state of the economy, and will be no less important than the interim Budget announcements, says A K Bhattacharya.

India is still struggling between populism and policy: Arun Jaitley

India is still struggling between populism and policy: Arun Jaitley

Rediff.com2 Jan 2019

Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.

Where is Radha Mohan Singh?

Where is Radha Mohan Singh?

Rediff.com28 Dec 2018

'The BJP leadership and its agriculture minister must make up their mind on what kind of corrective measures will be needed for Indian agriculture at this point in time.' 'The sooner Mr Singh provides policy clarity on this vital issue, the better are the chances of India's agriculture and farmers emerging out of their current mess,' says A K Bhattacharya.

Who will succeed Urjit Patel?

Who will succeed Urjit Patel?

Rediff.com11 Dec 2018

'It is likely the government may opt for an IAS officer.' 'For the government, an IAS officer will be more easy to deal with,' notes A K Bhattacharya.

Will Jaitley present his 6th full Budget next year?

Will Jaitley present his 6th full Budget next year?

Rediff.com6 Dec 2018

A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.

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