Budget 2022: How to raise revenue with right tax policies
Should not resort to self-defeating measures that hurt revenue in short and long run such as high tax on individuals but low tax on corporates.
disinvestment
January 2022
December 2021
October 2021
March 2021
February 2021
March 2020
Why states are denied share of CPSE sale proceeds?
States have not only invested in CPSEs, they outperform the Centre in capital investment and fiscal discipline but are handicapped with low resource base.
Disinvestment strategy: Centre's love; CAG's hate!
PSUs are financially drained and forced to borrow from the market to finance Centre’s disinvestment drive, despite CAG’s objections. Yet, what happens to the proceeds is unclear.
Why profitable strategic PSU CEL’s sale leaves scientists aghast
Central Electronics Limited is developing critical frontier technologies for defence and space, and is of strategic interest to India
Budget 2022: Deploy divestment proceeds for PPP infra projects, says Chetan Ahya
Ahya recommends a dedicated fund to be created out of the divestment receipts that should be deployed only towards infrastructure expenditure.
CEL disinvestment questioned; valuation, winner's credentials under lens
Congress says strong financials of CEL warranted a higher reserve price, govt valued company at 44% of its land value and 20% of equity valuation.
What’s driving investors to PSU stocks?
Cheaper valuations, high dividend yields and government’s privatisation drive make them ideal re-rating candidates.
Despite Covid-19, record capital raised in FY21
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
'Growth' Budget gets a thumbs up from markets
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.
The importance of the BPCL stake sale
BPCL’s strategic sale goes much beyond the money that will flow into the government’s coffers, because it will be India’s biggest fuel market reform since 2002.
