-Newsclick.in Tax collections have plummeted and Modi Govt is scrambling to cut spending by Ministries, further deepening the crisis. For the first time in two decades, corporate and income tax collections are expected to fall in 2019-20. This is an indication of the gigantic mess created by the Narendra Modi government with its dogmatic commitment to reduce taxes on Corporates and squeeze its own expenditure to supposedly boost the flagging economy. As...

-Moneylife.in More and more big donors of political parties, including Corporates, are using the electoral bond (EB) route for making large-sized donations due to the anonymity that provides to the donors. In fact, the annual audit reports for 2018-19 of seven political parties as published by the Election Commission of India (ECI) shows that they have received more than 50% of their donations through electoral bonds, reveals an analysis by Ventakesh...

-PTI * Subramanian had flagged the problem of debt accumulated by private Corporates becoming NPA of banks back in December 2014 * At that time, he was CEA to the Narendra Modi government NEW DELHI: India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said. Subramanian, who was...

-Livemint.com Pronab Sen, director IGC India, speaks about the state of the economy, the challenge before the 15th Finance Commission and the controversy surrounding India’s statistical system NEW DELHI: Pronab Sen, country director of the International Growth Centre (IGC), had a long and distinguished career in the government as the principal adviser in the Planning Commission, the first chief statistician of India as well as the chairman of the National Statistical Commission....

-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...