-Livemint.com * India's super-rich club of those earning above Rs.500 crore has only 3 individuals * Over 1.7 lakh people had filed income tax returns with zero income in 2017-18 NEW DELHI: If data from the income tax department's records is taken into account, India had more than 97,000 people earning a taxable income of over ?1 crore in the financial year 2017-18. The Central Board of Direct Taxes (CBDT) has now come out...
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Curbing black Money: Printing of Rs 2,000 notes stopped, says RTI reply -Kumar Vikram
-The New Indian Express According to the central bank’s RTI reply, 3,542.991 million notes of Rs 2,000 were printed during the financial year 2016-17. NEW DELHI: Have you been wondering why the ATMs have been barely dispensing Rs 2,000 notes for last few months? That’s because the printing of the high-value note has been stopped, the Reserve Bank of India informed this newspaper in reply to an RTI query. The Bharatiya Reserve Bank...
More »Sowing the seeds of climate crisis in Odisha -Chitrangada Choudhury and Aniket Aga
-RuralIndiaOnline.org In Rayagada, Bt cotton acreage has risen by 5,200 per cent in 16 years. The result: this biodiversity hotspot, rich in indigenous millets, rice varieties and forest foods, is seeing an alarming ecological shift “Everybody is doing it. So we are too,” said Rupa Pirikaka, somewhat uncertainly. ‘It’ is genetically modified (GM) Bt cotton seeds, now easily bought at the local market, or even in one’s own village. ‘Everybody’ is countless other...
More »Noted Gandhian economist Dr Sudarshan Iyengar interviewed by Rutam Vora (The Hindu Business Line)
-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
More »Premium rates under PM Fasal Bima Yojana continue to rise, pinching farmers and the govt -Rajalakshmi Nirmal
-The Hindu Business Line Insurance companies say changing guidelines under PMFBY have increased their costs Chennai: With insurers increasing premium rates every year, farmers and the government -- State and the Centre -- are coughing up more under the Pradhan Mantri Fasal Bima Yojana (PMFBY). Sample this: In 2016-17, the premium rate was 10.75 per cent (of sum insured). This increased to 12.36 per cent in 2017-18 and to 12.60 per cent in...
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