T M Thomas Isaac

What prevents states from spending?

The treasury surplus is a perverse outcome of the FRBM Act. It also points out how our state functionaries have become incarnations of neoliberalism.

31 Dec 2021

Colossal notes ban failure buried in silence

Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be

17 Nov 2021

Union Cooperation Ministry and the States

Cooperatives is a state subject as per the Constitution. The new ministry’s mandate could not have been described in more vague terms than given in the Union government order

29 Jul 2021

It’s time to revisit the basics of GST

The standard tax rate for states has come down sharply compared to the VAT regime. Merging the present multi-rate system into a single rated one would further reduce revenue

28 Jun 2021

Development of Kerala: Agenda of new government

The consecutive second term of the LDF has given it an opportunity for continuity in policy. It is thus on a course to create an economy that ensures high growth and equity

19 May 2021

Towards a consensus over GST compensation

  Better sense has prevailed and the Centre has now expressed its willingness to borrow through a special window. Now we have to reach a consensus on how much to borrow

22 Oct 2020

The GST compensation imbroglio

How can the gap between fund requirement for GST compensation to states and availability in the Compensation Cess Fund be bridged?

17 Jun 2020

As Kerala braces for the next wave...

Livelihood has to be taken care of. But we cannot accept the approach, espoused by some world leaders, that deaths are inevitable in the Covid war

19 May 2020

But where are the funds?

What should a budget be like in the times of demonetisation? Never like the one presented by
Union Finance Minister Arun Jaitley in the Parliament Wednesday.

02 Feb 2017