-The Indian Express There has been only a marginal INCrease in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation. The government did not celebrate the second anniversary of demonetisation, one of its biggest policy initiatives. It has celebrated the anniversary of all other big policies. Why the diffidence? The finance minister did come out with a statement listing the achievements of demonetisation. But his...
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Mid-year review: Only five tax regions manage to achieve revenue mop-up goals -Rahul Wadke
-The Hindu Mumbai among biggest laggards with 3.8% growth in collections against a target of 13.3% Mumbai: The INCome Tax Department may miss the revenue collection target for this fiscal going by the numbers for the first two quarters. Out of 18 INCome tax regions in the country, only five — Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East — have managed to achieve the revenue goals in the...
More »Demonetisation, GST held back growth: Raghuram Rajan
-PTI Says 7% growth not enough; centralisation of power a problem. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan has said, asserting that the current 7% growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in Berkeley on Friday, Rajan said for four years — 2012...
More »Two museums in Mandya are saving native paddy grains from extINCtion -R Krishna Kumar
-The Hindu A farmer’s house in the nondescript Kirugavalu village is the country’s largest private rice museum A serpentine road from Mysuru cuts through lush green fields and leads to an obscure village dotted with run-down houses and petty shops with thatched roofs. Sidestepping a passing herd of sheep, I enter a narrow lane and reach a 75-year-old house with a row of pillars. It is this house, in the nondescript Kirugavalu village in...
More »Groundwater depletion alarming in northwest, central India -R Prasad
-The Hindu Natural recharge during monsoon may not help much if groundwater depletion becomes acute, as rainfall of past years controls current storage With 230 billion metre cube of groundwater drawn out each year for irrigating agriculture lands in India, many parts of the country are experiencing rapid depletion of groundwater. The total estimated groundwater depletion in India is in the range of 122–199 billion metre cube. The Indo-Gangetic Plain, northwestern, central and...
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