An income tax cut would provide more disposable income in the hands of the taxpayers and the government's hope would be that this extra money would be spent by taxpayers – thus providing a boost to the economy.
Since February, RBI has cut its interest rate by 135 basis points. Yet, bank lending rates for new loans have not fallen by much while interest rates on many existing loans have actually gone up. What explains this?
China's growth statistics have been seen with suspicion for a long time. Many analysts tend to knock off 2 to 3 percentage points from the official growth statistics. So, in reality, China's slowdown may be far more exaggerated than what it appears to be.
“The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty,” the Nobel citation says. “Their new experiment-based approach has transformed development economics.”
DA is provided by the government to its employees to cushion the impact of the rising cost of living. Inflation (or rate of increase in prices) eats away the buying power of money; hence the justification for DA.
Together the states are more important than the Centre in increasing India’s GDP. But RBI finds them cutting down expenditure and getting more indebted, which will hurt India’s growth and job creation.
Union Home Minister Amit Shah has reiterated that the government would first amend the existing citizenship norms – by passing the Citizenship Amendment Bill – before it implements a nationwide National Register of Citizens (NRC).
The structure of Bangladesh's economy is quite different from India's. Unlike India, where the services sector contributes overwhelmingly while industry's contribution is much lower than desired, Bangladesh has a booming industrial sector.
The cut in corporate tax rate has been the biggest change; inclusive of cesses and surcharges, the rate has come down from roughly 35% to 25%, and without the cesses and surcharges, to 22% from around 30%.
Many of today’s assertions and apprehensions about the alleged imposition of Hindi over the rest of India were also heard in the Constituent Assembly, which discussed this question over seven decades ago.
The Multipurpose National Identity Card (MPNIC) was first suggested by a 2001 report on “Reforming the National Security System” by an empowered Group of Ministers during the Atal Bihari Vajpayee government.