The Indian Rupee recently crossed the 87 mark against the US Dollar, and it doesn't seem to be slowing down. If you've been tracking exchange rates or planning a trip abroad, you've probably felt the pinch. Everything from imported electronics to cooking oil is getting more expensive. And your money just doesn't stretch as far as it used to. This isn't a one-day blip. The rupee has been on a steady downward slide for months, and the reasons go deeper than most headlines suggest. It's a mix of what's happening inside India's economy and what's happening across the globe. Trade deficits, foreign investors pulling out money, rising oil prices, the US Federal Reserve keeping interest rates high — all of these are pulling the rupee in the wrong direction at the same time. In this post, we'll break down the key domestic pressures weighing on the rupee and the global forces making the US Dollar stronger. We'll also look at what the Reserve Bank ...
Further to my earlier Suggestions reg. immediate Revenue Augmentation, I am submitting a medium term plan. Out of this, Inflation-indexing of Property Tax, Water &Drainage Tax , use of GIS mapping for Property Tax assessments, Stamp duty reduction( like Maharashtra) etc. can be done on Priority basis. 1. Tax Revenue Augmentation (SOTR Reforms) Tax revenue constitutes roughly 75% of Tamil Nadu's total revenue receipts. Augmentation here relies less on raising tax rates (which can hurt industrial competitiveness) and more on widening the base, curbing leakages, and updating lagging valuations . State Goods and Services Tax (SGST) Data-Driven Enforcement and Audit: Utilizing advanced data analytics, AI, and end-to-end e-invoicing verification to identify data mismatches between GSTR-1, GSTR-3B, and e-way bills. This targets systematic input tax credit (ITC) fraud, which has historically caused severe leakages. Widening the Service Tax Net: Given that the service sector ...
