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Articles by: Arun Kumar

Two Years after Demonetisation, the Nightmare Continues for India’s Informal Economy

Two Years after Demonetisation, the Nightmare Continues for India’s Informal Economy

The note-ban was a foolish attempt to tackle the black economy and a policy-induced self goal by the Narendra Modi government. The response to its fall-out is more authoritarianism. Demonetisation is like a bad dream etched in our memories. Weddings were postponed and medical treatment was curtailed for lack of money. Long queues formed outside banks. Small businesses closed due[Read More…]

Growth at 8.2%, Yet All Is Not Well in India’s Unorganised Sector

Growth at 8.2%, Yet All Is Not Well in India’s Unorganised Sector

India’s gross domestic product (GDP) has grown at a robust 8.2% in the first quarter of the current financial year, according to recently released official data. This is the highest in the last two years which has seen two shocks to the economy in the form of demonetisation and GST. The spurt in growth is due to a sharp increase in the[Read More…]

The larger picture on GDP numbers

The larger picture on GDP numbers

The new data on GDP have raised a political storm, with the back series for GDP growth since 1993-94 becoming available. Its importance lies in the fact that in 2015, a new series was announced which showed India’s GDP growing faster than the earlier series had shown. This was politically advantageous to the National Democratic Alliance (NDA) government which came to[Read More…]

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Protest against GST

As We Debate GST Collections, Is the New Tax Regime Curbing India’s Black Economy?

Last week, the government stated that states and union territories have been paid Rs 52,077 crore since July 2017 to compensate them for the shortfall in their tax revenue. After the last goods and services tax (GST) council meeting in July, it was reported that several states and union territories have reported shortfall in revenue of up to 43%. Given this background, should the[Read More…]

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Impressions from the Dump-Trump Protest in London

Impressions from the Dump-Trump Protest in London

American President Donald Trump has a lot to take back home from Londoners than to what he had come to say in the UK during his first official visit. Potus left unhappy and angry. He even said that he felt unwelcome because of the protest against him. During the trip preparation, Trump and his staff were asked to avoid facing[Read More…]