Business/Economy
Coal calling - Pioneer
Gold mining as is more or less over in any substantive way in India after the exhaustion of the Kolar Gold Field veins by the 1990s and iron-ore mining (mainly in Karnataka, Goa and Odisha) is under a cloud with the Supreme Court raising many questions on both the manner and procedures under which it has been taking place.
Electric vehicle tech needs strong push - Kota Sriraj, Pioneer
The recently concluded Auto Expo 2018 had the usual razzmatazz of global marques parading their latest variants amid glittery settings but this time, the expo had a much more robust presence of electric vehicle (EV) technology represented through a plethora of models from virtually every automobile major.
Budget prism needs change - Shivaji Sarkar, Pioneer
The stock market wiped out Rs 10 lakh crore in the week after the Union Budget was presented on February 1. The crash was imminent. It awaited a trigger and the Union Budget provided that in the LTCG — long-term capital gain tax. The market was on a speculative hype. Bulls made the best out of it. Now it is the turn of the bears.
Budget 2018 has ensured the return of protectionism - Arvind Panagariya, ET
When GoI raised custom duties on a number of products in December 2017, as an eternal optimist, I took the view that this had been done for revenue reasons. But increases in duties on a long list of products ranging from kites and footwear to cellular mobiles phones and motor vehicles in Budget 2018 have ended that optimism.
Revolution and regression - Surjit S Bhalla, Indian Express
Budget 2019 can best be described as one made possible by an ongoing revolution in tax collection. This revolution is beginning to make possible another revolution in income transfers to the bottom third of the population. The tax revenue and possibilities for change were documented in an earlier article that I wrote with Arvind Virmani (‘Smart policies for redistribution’, IE, January 29).
7th Pay Commission: Central govt employees will not get arrears on pay hike? - Zee News
Even as hundreds of thousands of central government employees are waiting for the implementation of the recommendation of pay hike as per the 7th Pay Commission, this piece of news may dampen their sentiments. As per media reports, government will not pay arrears on pay central government employees. Finance Minister Arun Jaitley will place it before the Cabinet in the beginning of April.
Economy grew 7.1% in FY17, but core sectors are still sputtering - Business Line
The economy is estimated to have grown by 7.1 per cent in 2016-17 in line with the earlier projection of the Central Statistics Office. The data is part of the first revised estimates of national income for 2016-17, which was marked by the sudden decision to demonetise ?500 and ?1,000 notes. 
Allow tax cuts to alleviate woes - Hima Bindu Kota, Pioneer
The Union Budget to be presented by Union Finance Minister Arun Jaitley is an unsurpassable opportunity for the NDA Government to silence the critics on how the economy is being handled. Simultaneously, it will set the agenda for critical issues pertaining the growth of the economy and provide guidance and direction for the same for the coming year.
Spurring financial growth - Kalpesh J Mehta, Pioneer
The Indian financial services’ industry has remained stable in recent times.  The banking sector has unbundled with a range of service providers widening, technologies making service offerings more personalised and customers making informed decisions by leveraging advances in data science.
Why GST looks better in so many ways - Sunil Jain, Financial Express
Given all those filing GST returns have to use up their unexpired tax credits by December, and the jump in collections for that month—these fell from Rs 92,283 crore in July to Rs 80,808 crore in November and then rose to Rs 86,703 crore in December—it is likely the worst of GST is behind us since the number of returns filed is up 46% since the process began, even though it will take a while for the benefits in terms of a sharp rise in compliance to kick in.
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