1. Prologue
  2. L4/P4: PDMA, Curbing Black Money in Foreign & Desi Assets
  3. L4/P5: GAAR Delay, DTC dropped & BTT Forgotten
  4. L4/P6: 14th Finance Commission: Tax Devolution, 42% Share
  5. L4/P7: 14th Finance Commission: Grant in Aid for PRI & Disaster Management, pricing of public utilities

Prologue

  • The economic survey related articles will be published after I’m done reading and researching myself.
  • In the meantime, here’s the recoding of my lecture series on budget and economic survey at SPIPA, Ahmedabad.
  • Second Session 2:30 hours, I’ve split it into four parts.
  • PowerPoint of the lecture, available at Mrunal.org/Download
  • Medium of instruction- Hindi.
  • English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles or English PPTs on the site.

L4/P4: PDMA, Curbing Black Money in Foreign & Desi Assets

Budget 2015 Black Money foreign Assets Benami Transactions

  1. What is financial repression?
  2. Why do we need public debt management authority / agency in India?
  3. Budget 2015 provisions regarding setting up a public debt management agency (PDMA) in India- to manage both internal and external debt.
  4. Fiscal deficit trend in recent years
  5. economic survey targets for debt to GDP ratio and debt to GDP ratio
  6. 3% fiscal deficit target: challenges in raising the income level of government, challenges in cutting down the expenditure.
  7. 3% fiscal deficit target: reforms already done, soon to be done.
  8. Bimal Jalan expenditure management committee’s interim recommendations to curb his deficit.
  9. 14th finance commission reforms on Government salary and account norms.
  10. Black Money: proposed reforms/bills in budget-2015 to curb black money held in foreign and domestic assets.

Youtube Link: http://youtu.be/gLmmzvMt6SE

L4/P5: GAAR Delay, DTC dropped & BTT Forgotten

Budget 2015 GAAR,DTC,Banking transaction Tax

  1. Recap of earlier lectures on Vodafone indirect transfer, transfer pricing cases and budget-2015 reforms to prevent the reputation of the same.
  2. What is GAAR, the new deadline to implement GAAR in India?
  3. Budget-2015: other measures for ease of doing business in India.
  4. Direct Tax code 2013, why has Jaitley dropped this idea?
  5. Banking Transaction Tax (BTT): salient features, benefits and drawbacks in implementing this tax in India.

Youtube Link: http://youtu.be/hLVIUU7FUX0

L4/P6: 14th Finance Commission: Tax Devolution, 42% Share

14th Finance Commission 42% Tax devolution horizontal formula

  1. 14th Finance commission: structure, membership, functions.
  2. Components of Total transfer to states- decided by finance commission and planning commission/finance ministry
  3. Which central taxes are shared with States? and which are not?
  4. Recommendations of Dr.Y.V.Reddy’s 14th finance commission for vertical devolution of Taxes from union to states.
  5. Horizontal division of taxes among the states using 5 factor formula: census 1971, census 2011, income distance, area and forest cover.
  6. Why is part time member Professor Abhijit Sen opposed to the idea of 42% devolution? Why has he recommended 32% devolution?

Youtube Link: http://youtu.be/JOyoKoUpmHM

L4/P7: 14th Finance Commission: Grant in Aid for PRI & Disaster Management, pricing of public utilities

14th Finance commission grant in aid for Panchayati Raj & Disaster Management

  1. Financial constraints faced by Panchayati Raj institutions and urban local bodies in India.
  2. PRI-Grant-in-aid formula and quantum given by 14th finance commission.
  3. Other taxation and constitutional reforms suggested by 14 finance commission for augmenting the state Consolidated fund to help PRI bodies.
  4. Types of disaster funds provided under the National disaster Management act 2005.
  5. Suggested measures by 14th Finance commission to augment the national and state disaster response Funds. (NDRF and SDRF)
  6. Views of 14th finance commission on cooperative federalism and pricing of public utilities.

Youtube Link: http://youtu.be/lOo7DQsALYc