-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...
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Land acquisition bill encourages squatters-Urmi Goswami
-The Times of India If the Cabinet approves the Land Acquisition and Rehabilitation and Resettlement Bill, 2012, then squatters too will have to be given rehabilitation and resettlement packages if the land they occupy is acquired. Squatters will need to show that they have been working/living in the affected area for three years to be eligible for compensation. Infrastructure ministries are irked at this inclusion, especially the short eligibility period of three...
More »The Doctor Is In, But Only Just-Pragya Singh, Lola Nayar
The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
More »Death on mounds of a bumper crop-Richard Mahapatra
-Down to Earth As corruption hijacks procurement centres in Bundelkhand, farmers prefer suicide to a debt trap. Richard Mahapatra reports from Uttar Pradesh with photographer Sayantoni Palchoudhuri A fatal paradox strikes Bundelkhand in the face—an overflowing wheat stock yet an overwhelming number of farmer suicides. Farmers here dread the government wheat procurement centre and the post-mortem house. In Orai, a small town in the Bundelkhand region of Uttar Pradesh, the two are...
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