Corporate Tax

Modi’s authorities plan to “promote household silver” on account of reducing corporate tax charges; will crush the widespread man

The biggest question, however, is whether the Indian banking system is robust enough to at least partially fund the monetization plan. Estimates earlier in the year suggested NPAs could climb to 13.5% by September 2021, and the RBI had expressed concerns that we could hit 1997 levels if things don’t improve.

The Union government’s “Asset Monetization Plan” could be the final roll of the dice to save its economic narrative. With economic recovery years away, with companies reluctant to invest, and banks still stressed out, it is difficult to envision a scenario in which companies dig deep into their pockets to invest in wasteland. Since the move involves future government investments in the infrastructure sector, it could create more problems than it solve.

If someone still thinks monetization is a good idea, consider this: it is the consumer who ultimately pays for it to go up as airport parking fees go up, the private sector should raise highways tolls, and a lot of hidden costs go up.

And what makes matters worse, as Union Minister Hardeep Singh Puri said, gasoline and diesel prices will only go down if international prices go down. In short, life gets a little more difficult.

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