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Economy Survey sharpens debate over 'super-rich tax'

-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...

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A walk on the wild side

-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...

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Aadhaar must be basis for direct benefit transfers: Ashok Khemka

-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...

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In male-dominated Haryana, Rajasthan, cross-regional brides are deprived of rights -

-The Hindu Oppression and discrimination suffered by the low caste groups and Dalits at the hands of the dominant caste groups in Haryana and Rajasthan is reproduced within the families bringing in wives from other parts of India. The brides are “needed” solely for their ability to perform free reproductive and productive labour. They are also preferred over local women as the loosening of natal family connections renders them vulnerable to domination...

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Jobless growth back to haunt UPA-Anil Padmanabhan

-Live Mint The policy planners should be revisiting the fundamentals of the growth strategy India published a news story quoting from a research paper published by the Institute of Applied Manpower Research (IAMR) on the vexing issue of employment generation in the Indian economy. Referring to the compelling phase of unprecedented growth (when the average increase was 9%) in the latter half of the last decade, the IAMR study said, “Employment in...

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