Browse by month: 2018-01

A Wider Net: On The Expanding Tax Base

2018-01-31

  • The Economic Survey 2017-2018 argues that the large gains on the indirect and direct tax fronts indicate that the primary intentions behind the two big-bang economic strides — of formalizing the economy and bringing more income into the tax net — have been met to some extent.
  • The demonetisation of high-value currency notes and the advent of the goods and services tax regime have triggered a surge in the number of those filing taxes in the country.

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The Balancing Act, In India-ASEAN Ties

2018-01-31

  • Association of Southeast Asian Nations (ASEAN)-India Commemorative Summit, held in New Delhi last week.
  • The principal gain of the Summit is to provide ample clarity on what their partnership has achieved and where it should move in the future.

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Economic Survey 2017-2018- Farm Sector Sees ‘Feminization’.

2018-01-31

  • The Economic Survey 2017-18 released on Monday states that there is a rise seen in migration of men from rural to urban areas.
  • There is ‘feminization’ of agriculture sector, as the number of women in multiple roles such as cultivators, entrepreneurs and laborers is increasing.
  • The Survey also stressed the need for an ‘inclusive transformative agricultural policy’, aimed at gender-specific interventions.

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A Path To Executive Power

2018-01-31

Unless legislatures are truly strengthened and the disproportionate power of the executive in the legislature curtailed, the demand for creating such posts will continue to persist.

 

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GST Leads To Increase In Number Of Indirect Taxpayers

2018-01-31

  • The Economic Survey 2017-18 has revealed that:
  • There is a 50% increase in number of Indirect Taxpayers 
  • Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India’s exports 
  • India’s internal trade in goods and services is 60 percent of GDP. 

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Magic Q/A Today's Questions, Practise Answer Writing (31 January. 2018)

2018-01-31

Q. The GST regime, despite the initial chinks, could end up boosting India’s macro-economic stability by breaking what the Survey terms ‘inertia’ of the tax-GDP ratio. Analyse.

Q. Critically comment on the economic challenges that have been mentioned in Economic survey 2017-18.

Q. Analyse the reasons that have compelled the ASEAN leaders to encourage and enhance India' s role as a balancing power in the Indo-Pacific region.

Q. Critically analyse the 10 new facts highlighted by this year's Economic survey.

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