-The Hindu While there are well-equipped schemes to address malnutrition, funding and policy gaps are problem areas A few months ago, the Global Hunger Index, reported that India suffers from “serious” hunger, ranked 102 out of 117 countries, and that just a tenth of children between six to 23 months are fed a minimum acceptable diet. The urgency around nutrition was reflected in the Union Finance Minister’s Budget speech, as she referred...
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NGOs fear more harassment as Modi government changes rules for registrations -Vijayta Lalwani
-Scroll.in Non-profit organisations will now have to renew their registrations under the Income Tax Act every five years. On February 1, when Finance Minister Nirmala Sitharaman introduced the Budget in Parliament, she presented a number of amendments under the finance bill 2020. Some of these alter the validity of registrations granted to Indian non-governmental organisations. The Bill, which will come into effect on June 1, amends certain sections under the Income Tax...
More »Economic Survey: Focus on wealth of big business than wealth and health of nation -Surajit Das
-Newsclick.in The Economic Survey 2019-20 indicates that the government’s broad policy direction will remain the same -- of neglecting the social sector and serving the interests of the big businesses. This year’s Economic Survey begins with emphasising the importance of wealth of nations (inspired by Adam Smith) and depicts long-term contributions of the US, China, India and various other countries in world GDP (gross domestic product). The shares of China and India...
More »Finance panel suggests new structure to rationalise GST slabs -Rajeev Jayaswal
-Hindustan Times The suggestion is to come up with a standard rate of 17%, a lower merit rate for items of common consumption and a higher rate on luxury and sin goods, according to these officials who spoke on the condition of anonymity. The Fifteenth Finance Commission (FFC) has suggested the Goods and Services Tax (GST) Council to simplify tax rates by creating just three slabs, two officials with direct knowledge of...
More »The opacity around electoral bonds -Trilochan Sastry
-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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