71 results found
The macro-economic situation at this point of time is indisputably negative and the Budget for 2013-14 should set realistic spending allocations with the aim to reduce the fiscal deficit to sustainable levels.
Alternate options for replacing petroleum revenue have not received the same level of attention that the promotion of electric mobility has received.
Theoretically the rupee cannot be traded because there is no capital account conversion for it. However many countries such as Singapore and the US sell the Indian rupee. This speculation pushes up share markets and plays around with exchange rates, according to a former Revenue Secretary.
If the dreams of this Union Budget have to become a reality, two important aspects need to be addressed -- transparency and efficiency, says former Revenue Secretary Sivaraman.
India can now have economic forecasts with a longer and stronger vision. NITI Aayog is the tool to make it count.
The pandemic has highlighted both the increasing significance of cities in the larger national governance ecosystem as also exposed their vulnerabilit
Prohibition in Bihar is making the state lose excise revenues while spending heavily on the liquor ban’s implementation
As India's online footprint has increased, so has the role of e-commerce. The industry is expected to cross $6 billion in revenues by 2015, not including ticketing and travel, according to Gartner Research. It must then follow that e-commerce should be encouraged to play a key role in building requisite supply chain efficiencies across India.
The revenue from the Central Goods and Services Tax remains significantly below the target of Rs 6 trillion.
Sri Lanka’s Budget 2024 has ambitious proposals that could push the country forward, however, it continues to stare at a long road to economic recov
Improving the fiscal state of cities will need a holistic push from all tiers of the government.
Over the past two years, the Taliban has faced internal power tussles and demolished key inherited institutions which has greatly impacted the Afghan
The need for a transformation of the Indian space policy landscape goes beyond just the need for creating jobs or for improving tax revenues from the
A close study of how climate change influences the Maldivian economy will help analyse its adaptation needs and identify future opportunities
The pandemic will bring in more of the unorganised sector in the formal fold by means of the economic stimulus announced, and increase the government�
The use of digital twin technologies in renewable energy ecosystems will benefit producers, consumers, and governments alike
A successful conclusion of the FTA with EU would go a long way in building international market confidence, giving much needed stimulus to the international economy. The loss of revenue from reduction in tariffs should be viewed in gains of transfer of technology, productivity increases and greater competition.
For 2021, governments in Africa will focus on improving their revenue and ending the economic recession, way more than it will focus on managing the p
In the current and preceding years, the government has been trying everything to limit gold imports to control the current account deficit. Yet this commodity has one of the largest share in terms of exemption given. In 2012-13, the estimated amount of custom duty foregone for diamond and gold would be Rs 61,035 crore or 20.5% of the total revenue foregone.
When compared to countries like the US, the Indian government is understaffed and it affects the service delivery, says retired revenue secretary M.R. Sivaraman. He says the Indian government has only 257 people serving every 100,000 population against 840 in the US federal government.
Dialling down the tax and public debt-driven, active industrial policy model could greenlight private demand-led consumption and private investment-le
Dhaka needs to urgently focus on effective methods for revenue enhancement and expenditure rationalisation to deal with the budgetary problems
One can see the problem of illicit financial flow in a narrow view in terms of loss of tax revenue, but the more often missed out perspective is that these illicit flows create imbalances in the global economy that upset the efficiency of capital. Illicit financial flows cannot be curtailed without the collaborative effort of both developing as well as developed countries
For India to be truly independent, systemic changes are necessary.
In the beginning of the 90's, Argentina was the second richest country in the world, but now the country is in a shambles. India should be careful not to fall into such a situation, cautions former Union Revenue Secretary M.R. Sivaraman.
India’s G20 Presidency has identified the mandate for the Finance Ministers and Central Bank Governors (FMCBG) as thus: “capacity building of the ecosystem for financing sustainable development.” The aim is to scale up efforts in mobilising large pools of global capital for sustainable projects, particularly in emerging and developing economies. Under the aegis of the Sustainable Finance Working Group (SFWG), the G20 proposes the developmen
India and China have many similarities and the inequalities in incomes are clearly visible in China as in India, according to Mr. M.R. Sivaraman, former Revenue Secretary of the Government of India.
The Commodity Transaction Tax (CTT) was imposed on non-agricultural commodity derivatives trading in India from 1 July 2013. This paper investigates the impact of the CTT on some of the efficiency parameters of the commodity derivative markets in India. The authors analysed daily trading data from January 2006 to December 2019 of Multi Commodity Exchange (MCX) of India for five non-agricultural commodities: aluminium, copper, crude oil, gold, and
India neither has a well-defined bankruptcy legislation for businesses to close down systematically or special courts to take care of such issues; and, as a result the process becomes slower, says former Revenue Secretary M.R. Sivaraman.
If Eastern Libya goes out of Tripoli's control, the Western half of the country will be left with two-thirds of the country's population and without oil revenue. In such a predicament, any regime in Western Libya will become a failed state, l spawning disorder in the entire region.
Global downturns have made it tricky for the Maldivian government to keep debt financing in check
Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.
Avoiding a debt default is virtually impossible, but this crisis can be an opportunity for Pakistan to redeem itself
Has crude and petroleum pricing evolved into the black hole of tax revenue?
Former Union Revenue Secretary M.R. Sivaraman suggests that there should be a planning unit attached to the Prime Minister's Office or the Planning Ministry, to focus on indicative planning.
This brief assesses the recent trends in India’s defence exports and analyses the institutional and policy frameworks that have enabled a change in the country’s approach towards defence exports, resulting in an upward trajectory. It offers specific policy recommendations to allow India to pursue its target of US$5 billion in defence export revenue. However, a discussion on the types and forms of weapons, platforms, systems, or sub-systems ex
