Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | A politically inconvenient data nugget -Puja Mehra    </title>
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-The Hindu

Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence..."/>
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-The Hindu

Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed<br /></em><br />Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector?<br /><br />On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi had made an observation regarding the need to redraft the Income Tax Act, 1961. The Union Finance Ministry set the ball rolling for making direct taxes (on personal and corporate incomes) simple and in consonance with India&rsquo;s economic needs. On November 22, 2017, it appointed a six-member &lsquo;Task Force for drafting a New Direct Tax Legislation&rsquo;.<br /><br />On September 26, 2018, however, an office memorandum was issued &ldquo;with the approval of the Finance Minister&rdquo;, requesting the task force&rsquo;s convenor &ldquo;not to submit its report to the Government until and unless the Draft prepared by the Convenor of the Task Force is deliberated clause by clause by all Members of the Task Force and has agreement of all Members or at least majority of Members&rdquo;.<br /><br />The convenor, an Indian Revenue Service officer and the former Central Board of Direct Taxes (CBDT) Member (Legislation) Arbind Modi, who was closely involved earlier with tax reforms by the A. B. Vajpayee and Manmohan Singh governments, was to superannuate on September 30, 2018. No extension was given for complying with the office memorandum.<br /><br />The convenor, nevertheless, submitted &ldquo;four volumes in sealed cover of the report and draft legislation&rdquo; to the Finance Minister and the Finance Secretary on September 28, 2018 &ldquo;for continuity&rdquo; and &ldquo;record purposes&rdquo;.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" class="re" target="_blank">The Hindu, 22 August, 2019, https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true</a><div class="clear"></div>
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-The Hindu

Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence..."/>
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Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

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    <h1 class="cat-box-title">A politically inconvenient data nugget -Puja Mehra</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed<br /></em><br />Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector?<br /><br />On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi had made an observation regarding the need to redraft the Income Tax Act, 1961. The Union Finance Ministry set the ball rolling for making direct taxes (on personal and corporate incomes) simple and in consonance with India&rsquo;s economic needs. On November 22, 2017, it appointed a six-member &lsquo;Task Force for drafting a New Direct Tax Legislation&rsquo;.<br /><br />On September 26, 2018, however, an office memorandum was issued &ldquo;with the approval of the Finance Minister&rdquo;, requesting the task force&rsquo;s convenor &ldquo;not to submit its report to the Government until and unless the Draft prepared by the Convenor of the Task Force is deliberated clause by clause by all Members of the Task Force and has agreement of all Members or at least majority of Members&rdquo;.<br /><br />The convenor, an Indian Revenue Service officer and the former Central Board of Direct Taxes (CBDT) Member (Legislation) Arbind Modi, who was closely involved earlier with tax reforms by the A. B. Vajpayee and Manmohan Singh governments, was to superannuate on September 30, 2018. No extension was given for complying with the office memorandum.<br /><br />The convenor, nevertheless, submitted &ldquo;four volumes in sealed cover of the report and draft legislation&rdquo; to the Finance Minister and the Finance Secretary on September 28, 2018 &ldquo;for continuity&rdquo; and &ldquo;record purposes&rdquo;.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" class="re" target="_blank">The Hindu, 22 August, 2019, https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true</a><div class="clear"></div>
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-The Hindu

Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence..."/>
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Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed

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    <h1 class="cat-box-title">A politically inconvenient data nugget -Puja Mehra</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Data on demonetisation&rsquo;s contribution to the deepening economic slowdown may have been suppressed<br /></em><br />Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector?<br /><br />On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi had made an observation regarding the need to redraft the Income Tax Act, 1961. The Union Finance Ministry set the ball rolling for making direct taxes (on personal and corporate incomes) simple and in consonance with India&rsquo;s economic needs. On November 22, 2017, it appointed a six-member &lsquo;Task Force for drafting a New Direct Tax Legislation&rsquo;.<br /><br />On September 26, 2018, however, an office memorandum was issued &ldquo;with the approval of the Finance Minister&rdquo;, requesting the task force&rsquo;s convenor &ldquo;not to submit its report to the Government until and unless the Draft prepared by the Convenor of the Task Force is deliberated clause by clause by all Members of the Task Force and has agreement of all Members or at least majority of Members&rdquo;.<br /><br />The convenor, an Indian Revenue Service officer and the former Central Board of Direct Taxes (CBDT) Member (Legislation) Arbind Modi, who was closely involved earlier with tax reforms by the A. B. Vajpayee and Manmohan Singh governments, was to superannuate on September 30, 2018. No extension was given for complying with the office memorandum.<br /><br />The convenor, nevertheless, submitted &ldquo;four volumes in sealed cover of the report and draft legislation&rdquo; to the Finance Minister and the Finance Secretary on September 28, 2018 &ldquo;for continuity&rdquo; and &ldquo;record purposes&rdquo;.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true" class="re" target="_blank">The Hindu, 22 August, 2019, https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

A politically inconvenient data nugget -Puja Mehra

Published on Aug 22, 2019   Modified on Aug 22, 2019

-The Hindu Data on demonetisation’s contribution to the deepening economic slowdown may have been suppressed Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector? On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi had made an observation regarding the need to redraft the Income Tax Act, 1961. The Union Finance Ministry set the ball rolling for making direct taxes (on personal and corporate incomes) simple and in consonance with India’s economic needs. On November 22, 2017, it appointed a six-member ‘Task Force for drafting a New Direct Tax Legislation’. On September 26, 2018, however, an office memorandum was issued “with the approval of the Finance Minister”, requesting the task force’s convenor “not to submit its report to the Government until and unless the Draft prepared by the Convenor of the Task Force is deliberated clause by clause by all Members of the Task Force and has agreement of all Members or at least majority of Members”. The convenor, an Indian Revenue Service officer and the former Central Board of Direct Taxes (CBDT) Member (Legislation) Arbind Modi, who was closely involved earlier with tax reforms by the A. B. Vajpayee and Manmohan Singh governments, was to superannuate on September 30, 2018. No extension was given for complying with the office memorandum. The convenor, nevertheless, submitted “four volumes in sealed cover of the report and draft legislation” to the Finance Minister and the Finance Secretary on September 28, 2018 “for continuity” and “record purposes”. Please click here to read more.

The Hindu, 22 August, 2019, https://www.thehindu.com/opinion/op-ed/a-politically-inconvenient-data-nugget/article29214638.ece?homepage=true

Tagged with: Demonetisation Note Ban Private Investment GDP growth Economic Growth

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