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Explore law for NGOs' fund usage: SC to Centre -Dhananjay Mahapatra

-The Times of India NEW DELHI: Determined to fix accountability for lakhs of NGOs that received government grants of more than Rs 6,600 crore between 2002 and 2009, the Supreme Court asked the Centre on Wednesday to explore the desirability of a new law to regulate fund utilisation by the bodies. "Whatever be the method, we are clear that NGOs and voluntary organisations must give audited accounts of utilisation of funds received...

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Do farmers disturb credit culture more than industry? -Prabhakar Kulkarni

-TheHoot.org Maharashtra’s farm daily Agrowon offered a counter to the SBI chief, the RBI governor, and English newspapers critical of the UP farm loan waiver. The Marathi agriculture daily Agrowon has criticized both the RBI governor Urjit Patel and State Bank of India’s Arundhati Bhattacharya  who have objected to the farm  loan waiver in Uttar Pradesh and similar demands elsewhere. The paper’s line is quite different from that of the mainstream English...

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1.37 crore who don't file returns are now on Income Tax radar -Aanchal Magazine & Anil Sasi

-The Indian Express The department is employing what it calls a “360 degree profiling” of Taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...

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Fasal Bima Yojana needs fine-tuning -Rajalakshmi Nirmal

-The Hindu Business Line Short tenure of the policy is its biggest drawback. With El Nino expected to mar the monsoon this year, insurers may stay away A normal monsoon in 2016, after two years of drought, has not only led to a bountiful harvest for farmers, but also filled the coffers of private insurers. The Kharif 2016 season resulting in lower claims has helped private insurers in particular rake in good profits...

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CAG protests refusal of access to GSTN data -Pradeep Thakur

-The Times of India NEW DELHI: The Comptroller and Auditor General (CAG) has protested with the finance ministry against the Goods and Services Tax Network (GSTN), a special purpose vehicle majority owned by private companies, refusing to give access to Taxpayers data on its network for scrutiny and audit. The GSTN is a private limited company floated to aid the rollout of the new indirect tax regime. The company will provide information...

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