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Corporate tax assessment: CAG spots major errors in over 350 cases

-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...

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MSMEs hit by Raw Materials’ Price Rise, Entrepreneurs Down Shutters in Protest -Neelambaran A

-Newsclick.in After facing severe setbacks due to demonetisation, hasty implementation of GST, and the ill-conceived COVID-19 lockdown, the MSMEs are gasping due to a steep rise in raw material prices. In a first, the entrepreneurs of the micro medium and small enterprises (MSME) went on a one-day strike across the country on Monday. Affected severely by the policies of the Union government, the ill-planned lockdown in March 2020, and now by the...

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Ugly Sides of Data Protection Bill and Fallacies of JPC Report -Vikas Bhadauria

-Newsclick.in The Bill and the Joint Parliamentary Committee’s recommendations are riddled with many problems, and some of them are giving rise to serious concerns over enabling the State with surveillance power. The much-awaited Joint Parliamentary Committee’s report on the country's first comprehensive data protection law has been tabled in the Parliament. After two years of intense deliberation and consultation, the report was finalised and adopted. The law, if passed, would regulate data...

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Farm Fatale -Anita Joshua

-The Telegraph The agrarian laws might have been repealed but are we any wiser about what it was that the farmers were so against, what reforms they could do with instead of the ones thrust upon them? Even in retreat over the farm laws, the Modi government adopted the same top-down approach it employed while bringing them in in May 2020. Pleasantly surprised as they were by the Prime Minister’s unexpected announcement,...

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Why demand for MGNREGS is expected to continue -Surabhi

-The Hindu Business Line Economy is recovering but rural labour market still in distress Even as the economy is on the recovery track — spurring optimism about job creation and better employment prospects — a large part of the labour force, especially in the rural areas, continues to face challenges. Data from the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) indicates that stress in the labour market, which escalated after Covid-19 lockdowns,...

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