-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...
More »No solace in this quantum of accountability-Samir Saran and Abhijit Iyer-Mitra
-The Hindu On February 11, the Supreme Court issued notice to the government, seeking its response on making intelligence agencies accountable to Parliament. This question is pertinent and in some ways captures the sentiments expressed by many and best vocalised by two leaders in recent times. Vice-President Hamid Ansari had said in his 2010 speech on this subject “....responsibility to the legislature, and eventually to the electorate, is an essential element...
More »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...
More »India can learn from others, tax policies should boost women empowerment-Lubna Kably
-The Times of India The Companies Bill, 2012, passed by the Lok Sabha a few months ago, has recognised the importance of diversity in the board room. Certain class of companies will soon be required to have at least one woman director on board. The EU has long recognised the value that women directors bring to the table. But, policies need to be reworked even at the ground level. With the budget...
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