Fertiliser subsidy needs to also be rationalised; brought under DBT.
GOVT Committed to phasing corporate tax exemption.
Important to dispel self-perception of ‘middle class’ in India.
India has changed exemption limits very radically & periodically. Removal of tax exemptions is a low hanging fruit.
RBI holds a large amount of Govt equity vs other central banks.
Redeployment of Govt equity held by RBI will be crucial.
Need medium term expenditure framework in place.
UDAY is a contingent liability; Centre & states are working together to fix discoms.
Chinese currency devaluation is important to watch. India needs to be wary of aggregate growth slowdown & sectoral impact.
GOVT Committed to phasing corporate tax exemption.
Important to dispel self-perception of ‘middle class’ in India.
India has changed exemption limits very radically & periodically. Removal of tax exemptions is a low hanging fruit.
RBI holds a large amount of Govt equity vs other central banks.
Redeployment of Govt equity held by RBI will be crucial.
Need medium term expenditure framework in place.
UDAY is a contingent liability; Centre & states are working together to fix discoms.
Chinese currency devaluation is important to watch. India needs to be wary of aggregate growth slowdown & sectoral impact.
FY17 international economy is looking pretty grim.
There may be scope for easing interest rates in the coming year.
No comments:
Post a Comment