Tax-Budget 2025: During the presentation of the Union Budget 2025-26 in Parliament on February 1, Saturday, Union Finance Minister Nirmala Sitharaman introduced several measures. One of the key proposals in the new tax regime is the complete exemption for individuals earning up to Rs 12 lakh annually. This move aims to provide relief to the middle-class … Read more
New Delhi: Former World Bank chief economist Kaushik Basu on Saturday said India needs to tame inflation that disproportionately affects people who spend a large chunk of their income on food and could exacerbate inequality. “Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, … Read more
A file photo of Kaushik Basu (Express photo) By Amitabha Bhattacharya Kaushik Basu, a professor of economics at Cornell University, is an academic whose foray into the world of decision-making, first with the Government of India as its chief economic adviser (2009-12) and then as World Bank’s chief economist (2012-16), enriches him with a unique … Read more