-Business Standard IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to avoid paying taxes in their host...

-Down to Earth To reduce the consumption of water and maximise agricultural productivity in the country, the government is trying to introduce different innovations The gap between irrigation potential created, through major and minor projects, and the actual usage is increasing and affecting the country’s agricultural productivity, according to the Indian Council of Agriculture Research (ICAR), the premier agricultural education and research body under the Union Ministry of Agriculture. "The key challenge facing...

-The Hindu The former RBI Governor says even if India became a $5 trillion economy by 2025, it would retain the same classification as its population would have touched 1.4 billion If the government wanted the economy to grow fast then it should act on savings and investment rates, said C. Rangarajan, former governor of Reserve Bank of India. He was speaking at the inauguration of a two-day international conference on contemporary practices...

Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...

-The Telegraph An MP loses his entitlement to pension and perks if he is appointed the President, Vice-President or is re-elected to either House or gets employed in the government New Delhi: An RTI query seeking details on allowances and pensions to former MPs who are chief ministers has resulted in a strange reply. The information, the Lok Sabha secretariat has informed, was "personal", so details would not be shared. According to the...