-The Times of India NEW DELHI: The central government scheme to reimburse employers in the private sector 50% wages of the last 14 weeks of maternity leave will be funded by a Rs 400 crore allocation and is intended to counter the perception that extended maternity leave is deterring female employment. There will be a wage ceiling of Rs 15,000 a month for eligible women. On the status of the proposal, the...
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Fines fail to deter stubble burning -Jacob Koshy
-The Hindu Farm equipment which can root out this practice not universally accessible despite govt. subsidy Patiala: Between September 27 and October 14, the Punjab Pollution Control Board (PPCB) imposed Rs. 8,92,500 as fines — or “environmental compensation cess” as it is officially called — on farmers burning paddy stubble. However, they collected only Rs. 3,05,000, according to figures from the organisation. “The fines are collected over time … frequently the farmers don’t...
More »Note ban failed to curb the menace of counterfeit currency, indicates RBI's Annual Report
Although containing fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »GST, a buoyant force -Kapil Patidar & Arvind Subramanian
-The Indian Express Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states One fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation both for the country and for individual states. And here the news, based on analysing nine full months of data, is encouraging. Three important and new points stand out. One, aggregate revenues are highly buoyant....
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