-Business Standard Says over Rs 32,000-crore released to insurers from 2011-16 without verification of beneficiaries The crop insurance continues to be a problematic area despite the Centre launching the much-touted Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2016 replacing two old schemes with no or marginal increase in coverage of non-loanee farmers, lower sum insured as compared to scale of finance and delayed claim settlement which defeated the very purpose of...
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May I Overcharge You? -Arindam Mukherjee and Lola Nayar
-Outlook Banks are fleecing customers to shore up their profits and offset the dead weight of bad loans to corporates When the GST era dawned this month, online jokesters quipped that it was the most inscrutable thing after Duckworth Lewis. But paradoxically, it may have brought a disquieting clarity to another zone of universal experience. Amid the flurry of news reports detailing what would entail a higher tax of 18 per cent,...
More »On Government's Claims Of Creating 7 Crore Jobs, A Fact Check -Sreenivasan Jain and Manas Pratap Singh
-NDTV The government's reliance on the MUDRA scheme of lending to small businesses to create jobs has not had the kind of result being advertised. New Delhi: Facing heat for not being able to back its promises of job creation, the Centre and the BJP have repeatedly cited the success of its MUDRA scheme, an acronym for Micro Units Refinance and Development Agency, meant to promote lending to small businesses. Speaking earlier this...
More »Incomes zoom, but jobs stagnate in informal sector -Subodh Varma
-The Times of India About a quarter of India's labour force, some 11 crore people, work in non-farm enterprises that can broadly be described as the unorganised sector. Of these 6.3 crore enterprises, none are covered under the Companies Act or Factories Act. In fact, more than two thirds are unregistered. These are not some fly by night vendors — 82% operate from homes or permanent structures outside homes, 98% are open...
More »Aadhaar rebels find ways to avoid PAN linkage -Namita Devidayal & Lubna Kably
-The Times of India MUMBAI: In a quiet display of dissent, numerous taxpayers across the country have opted to file their tax returns manually, via snail-mail, rather than get an Aadhaar card. Many others filed their returns online early, prior to June 30, when the Aadhaar linkage was not mandatory. "Technically you should be able to file online even if you don't have an Aadhaar card, but the e-filing system does not...
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