-Livemint.com * 'If you want to boost consumption, it has to be a direct benefits transfer or a universal basic income, not a personal income tax cut,' the former CEA said in New Delhi * Subramanian said that India has infused quite a bit of capital into stressed state-run banks and any further capital infusion should be linked to reforms New Delhi: A universal basic income, rather than a cut in the tax...
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IB, RAW, ED and Income Tax dept get SOS from Modi govt to help check soaring onion prices -Samyak Pandey
-ThePrint.in Officials from Intelligence Bureau, RAW, ED and I-T department have been mandated to work with agriculture and consumer affairs ministries to check onion prices. New Delhi: It’s not just the policymakers in the Narendra Modi government who are worried about soaring onion prices. Sleuths from the Intelligence Bureau, Research and Analysis Wing, Enforcement Directorate and the Income Tax department are also on their heels, ThePrint has learnt. With the onion prices touching...
More »Disquiet on the hunger front -Aunindyo Chakravarty
-Newsclick.in Children go hungry in India while granaries overflow and corporates get mega tax-breaks. As a child, I never liked eating liver. I would gaze at my plate for ages, as I sat ruminating at the table, well after everyone else had finished their meals. “You are wasting your food,” my mother would scold me, “while children in Ethiopia are dying of hunger.” I am not alone. Almost all of us would...
More »Income tax department releases data on crorepati taxpayers -Nikhil Agarwal
-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...
More »Lowering corporate tax rate is good but not enough -Renu Kohli
-The Telegraph While the corporate tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce corporate taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...
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