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False Stability

India approaches the Union Budget with a troubling paradox. Inflation is low, prices appear contained, and stability is widely celebrated.

Centre grants tax benefit status to IREDA bonds

The Central Board of Direct Taxes (CBDT) has notified bonds issued by the Indian Renewable Energy Development Agency Ltd (IREDA) as “long-term specified asset” under section 54EC of the Income-tax Act, 1961.

How India can avoid middle-income trap

The World Development Report (WDR) 2024 titled “The MiddleIncome Trap” reported that about 108 middle-income countries are hovering around this status for the last sixty years and despite multiple possibilities to introduce tried and true technology improvements, all are in the middle-income trap.