Friday 29 September 2023

News Analysed, Opinions Expressed

Economy | Finance

Goa caught up in a debt trap

Goa is slowly getting into a deep debt trap, thanks to its unproductive spendings, huge amount of borrowings and allegedly indiscriminate policy of central assistance based on Gadgil-Mukherjee formula.Adding to its piled-up borrowings of Rs ... READ

Goa collects one crore on Kar Vivad

Goa is expected to collect around Rs one crore through the Kar Vivad Samadhan Scheme by making settlement of around 40 cases by the year end.Working out settlements on 31 applications received so far, the ... READ

Fund crunch pushes Faleiro on slippery ground

The newly formed Congress government in Goa may not last long if the BJP-led coalition government at the centre does not make funds available for the tourist state.It all depends now upon the "dinner diplomacy" ... READ

Two-tier policy to overcome debt trap

Goa has decided to adopt a policy at two levels to overcome its financial crunch, by raising funds through borrowings as well as by strengthening the local revenue generation.Major thrust seems to have been given ... READ

Narvekar uses Amartya to counter Willy

Politicians tend to use anything and everything under the sun, provided it suits their political convenience. Now, it's turn of Dr Amartya Sen, the great Indian economist who is honoured with a Nobel prize.Dr Sen's ... READ

Centre 'loans' helping hand

The centre is likely to permit Goa to seek additional Rs 100 crore through the SLR-based open market borrowings, instead of accepting its plea for one-time grant of Rs 150 crore to overcome the financial ... READ

More taxes inevitable ?

Following hike in excise duty on imported Indian Made Foreign Liquor and beer, Goa is thinking of introducing few more taxation measures like professional tax and entertainment tax to overcome the acute resource crunch it ... READ

Willy orders inquiry into Narvekar's letter to PM

A letter written by Goa planning minister Dayanand Narvekar to the centre, accusing prime minister Atel Bihari Vajpayee of treating Goa as Delhi's colony and neglecting its financial woes, has created a flutter in the ... READ

Tax tourists, generate revenue : PC

In order to make Goa's tourism industry self-sustaining, the planning commission has suggested the local authorities to raise its excise duty structure while also taxing the domestic tourists coming here in large numbers.However, the government ... READ

Pollutant industries compelled to pay insurance

Goa has identified at least nine major and several other small hazardous industries, who would be now compelled to disburse monetary relief to the victims of the hazardous substances the industries handle in the factory ... READ