Subhash Chandra Garg- Economy, Finance and Fiscal Policy Strategist

  BRING IN DIGITAL ELECTION CAMPAIGNING AND BALLOTING (Next Round of Seshan Type Election Reforms)   SUBHASH CHANDRA GARG Former IAS and Finance Secretary, Government of India   Election Commission has Constitutional mandate to conduct free and fair elections The Election Commission has the constitutional mandate to hold free and fair elections and has all the powers of ‘superintendence, direction and control’ over ‘conduct of elections’. Holding election meetings, rallies and campaigning is part of conducting elections. The political parties and candidates have to reach to their electors to convince to vote for them. The Election Commission has formulated a Model Code of Conduct (MCA). The MCA regulates different aspects of the conduct of parties, candidates, party in power, government officials, Ministers and other persons which has a bearing on the free and fair nature of elections. The Election Commission administers the MCA. It is now well-settled that the MCA, t

  Indian Agriculture in 2050 Subhash Chandra Garg   Economy, Financial and Fiscal Policy Strategist, Advisor (finance and resources) to the Chief Minister Andhra Pradesh and former Finance and Economic Affairs Secretary, Government of India     Agriculture today is pre-dominantly industrial agriculture Hunter-gatherer society had no economy. Homo-sapiens, like other living beings, hunted and gathered their food. Even when they organised themselves in bands, the primary mode of gathering food remained the same. In this age, no-one employed another. There was no labour consequently. No production and sales of goods and services, no labour and absence of an economy defined the hunter-gatherer society. Agriculture transformed the hunter-gatherer society. Homo-sapiens started agriculturisation by domesticating wild plants and animals and growing food and raring animals on the land. This enabled them to settle down and organise themselves in groups. Villages came up. Fibre cr

  RETHINKING ENVIRONMENTAL, SOCIAL AND GOVERNANCE IN FINANCIAL ACCOUNTING AND REPORTING FOR COMPANIES IN THE DIGITAL AGE   (Part of the Keynote Address at the ASSOCHAM International Virtual Conference on Financial Reporting and Control on 6 th May 2021)   SUBHASH CHANDRA GARG ECONOMY, FINANCE AND FISCAL POLICY STRATEGIST AND FORMER FINANCE, ECONOMIC AFFAIRS SECRETARY GOVERNMENT OF INDIA   Companies generate bulk of profits and also about half the gross value added in the economy Raison d’etre of the business, as is commonly understood, is to earn profits for the owners by producing and distributing goods and services of value to its consumers. The gross value created by the businesses generate incomes for the workers and taxes for the Government, besides generating profits for the owners. Wages, taxes and profits, which make up the sum total of the GDP of an economy, all flow from the businesses. Companies are the most prominent form of businesses. Globally, corp

  ASSOCHAM INTERNATIONAL VIRTUAL CONFERENCE ON FINANCIAL REPORTING AND CONTROL   KEYNOTE ADDRESS (Part I)   ON   RETHINKING FINANCIAL ACCOUNTING AND REPORTING FOR COMPANIES IN THE DIGITAL AGE   SUBHASH CHANDRA GARG ECONOMY, FINANCE AND FISCAL POLICY STRATEGIST AND FORMER FINANCE, ECONOMIC AFFAIRS AND POWER SECRETARY GOVERNMENT OF INDIA (Guest of Honour)     Companies generate bulk of profits and also about half the gross value added in the economy Raison d’etre of the business, as is commonly understood, is to earn profits for the owners by producing and distributing goods and services of value to its consumers. The gross value created by the businesses generate incomes for the workers and taxes for the Government, besides generating profits for the owners. Wages, taxes and profits, which make up the sum total of the GDP of an economy, all flow from the businesses. Companies are the most prominent form of businesses. Globally, corporate profits are estim