Abhishek Waghmare

@akwaghmare

Data journalist at Business Standard newspaper *Views strictly personal*

Delhi/Pune
business-standard.com/search?q=Abhis…
Vrijeme pridruživanja: srpanj 2009.
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  1. Prikvačeni tweet
    30. kol 2019.

    Most shockingly, India's nominal GDP grew at 7.99%, lowest since 2002-03 (Vajpayee years) if we take into account older series of national accounts; lowest in 17 years. It did not go below 8% even in financial crisis years. This is the magnitude of 2019 slowdown.

    19 replies 353 proslijeđena tweeta 618 korisnika označava da im se sviđa
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  2. prije 10 sati

    The keeps policy repo rate unchanged at 5.15%. Inflation outlook "highly uncertain", but to remain high till Sep 2020. Economic activity remains subdued, no broad based recovery in sight yet, the committee noted in its Feb2020 report.

    3 proslijeđena tweeta 2 korisnika označavaju da im se sviđa
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  3. proslijedio/la je Tweet
    5. velj

    Thread: coverage in today. Swords drawn over coal auction by , stressed power units allege monopoly miner offering less coal to jack up prices!

    1 reply 10 proslijeđenih tweetova 16 korisnika označava da im se sviđa
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  4. proslijedio/la je Tweet
    2. velj

    This is false. Ayushman Bharat is NOT a health scheme. Its an insurance scheme, with a long list of exclusions (if u own a fridge/landline etc) Whereas Mohalla clinic is tax payer funded. Delhiites can walk-in & expect treatment, instead of having to qualify for it.

    नरेन्द्र मोदी जी ने स्वास्थ्य को महत्वपूर्ण जानते हुए आयुष्मान भारत योजना शुरू की। देश भर के लाखों गरीबों के ऑपरेशन उससे हो चुके हैं, लेकिन दिल्ली में इस योजना का लाभ आप लोगों को नहीं मिलता है, क्योंकि केजरीवाल ने यहां यह योजना लागू नहीं की: श्री
    68 replies 1.966 proslijeđenih tweetova 4.379 korisnika označava da im se sviđa
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  5. 2. velj

    The most important takeaway from the is that it does not advocate fiscal expansion but contraction. Raised fiscal deficit is not even enough to contain revenue loss, let alone expand spending. By in

    My budget article in the Business Standard Non paywall version is here: .
    1 reply 3 proslijeđena tweeta 15 korisnika označava da im se sviđa
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  6. 1. velj

    In reality, the Budget puts the revised estimate of FY20 gross tax revenues further down at Rs 21.6 trillion, Rs 3 trn lower than expected.

    15th Finance Commission: Gross tax revenues for 2019-20 would be Rs 22.6 trillion in comparison to the budget estimate of Rs 24.6 trillion, short by Rs 2 trillion (revised estimate will come soon after FM speech ends)
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  7. 1. velj

    "There are no free lunches, but there are free thalis"

    Who's this? Wrong answers only.
    1 reply 1 proslijeđeni tweet
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  8. 1. velj

    whose share in overall tax revenue till last year was 1.854%, has now been increased to 2.38%, nearly giving Rs 8000 crore more to the new union territory in FY21, apart from the usual revenue growth.

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  9. 1. velj

    INCOME TAX AMNESTY scheme, similar to Sabka Vishwas About 5 lakh direct tax cases pending in litigations will get relief Vivaad se Vishwas scheme: PAY only disputed tax, complete waiver on interest and penalty, if paid by 31 March 2020.

    2 proslijeđena tweeta 6 korisnika označava da im se sviđa
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  10. 1. velj

    Dividend distribution tax (DDT) to BE REMOVED and adopt the classical method, with dividend be taxed as individual income. Straight from the undisclosed Arbind Modi report (first tax panel) under Modi govt.

    2 proslijeđena tweeta 6 korisnika označava da im se sviđa
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  11. 1. velj

    About 70 of more than 100 exemptions removed in the new income tax regime, in order to simplify tax system.

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  12. 1. velj

    For example: Rs 15 lakh annual salary Availing no deduction, will pay Rs 1.9 lakh compared to Rs 2.7 lakh now REDUCING BURDEN by Rs 75000 per year. to reverse?

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  13. 1. velj

    Rs 7.5 - 10 lakh: income tax of 15% (down from 20%) Rs 10-12.5 lakh: income tax SLASHED to 20% from prevailing 30% Rs 12.5 - 15 lakh: NOW 25% (down from 30%) Huge savings for salaried class.

    1 reply 1 proslijeđeni tweet 1 korisnik označava da mu se sviđa
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  14. 1. velj

    Significant reduction to individual tax payers who forgo exemptions new simplified personal income tax regime Rs 5-7.5 lakh: 10% income tax (down from 20%)

    1 reply 3 proslijeđena tweeta 3 korisnika označavaju da im se sviđa
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  15. 1. velj

    Fiscal consolidation without compromising crowding out Market borrowing in FY21: Rs 5.36 lakh crore MOST PART to or productive spending, which is proposed to be 21% rise from FY20

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  16. 1. velj

    In 2019-20 fiscal deficit would be 3.8% of GDP (0.5% leeway accorded by 15th Finance Commission) Deviation of 0.5% from FD on account of structural reforms section 4 of FRBM act. that for 2019-20 would be 3.5% of GDP (3 plus 0.5)

    1 reply
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  17. 1. velj

    Nominal growth in GDP for FY21 is assumed at 10%

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  18. 1. velj

    Expenditure in FY21 at Rs 30 trillion Capex is boosted says

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  19. 1. velj

    Overall receipts (revised estimate) down to Rs 19.3 trillion from Rs 20.83 trillion (budget estimate), a drop of 7%.

    1 reply 4 proslijeđena tweeta 6 korisnika označava da im se sviđa
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  20. 1. velj

    Good move. BUDGET2020 discloses transparency government accounts about fiscal numbers (of budget borrowings) for greater clarity: Servicing of such payments are done thru Budget spending, so..

    1 reply 2 proslijeđena tweeta 7 korisnika označava da im se sviđa
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  21. 1. velj

    LIC IPO!!!!!!!!

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