-The Hindu Business Line While the idea is reasonable, the issue is so political that it will automatically ring in negative points for the implementer The subject of taxation on farm income has once again taken centre stage not just because there have been some distinguished opinions voiced on this subject but also that this has been recognised as one area where money is channelled to avoid paying taxes. As the focus...
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In Operation Clean Money, I-T dept. to probe 60,000 people now -Arun S
-The Hindu As part of the first phase of the operation, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded. New Delhi: As part of the second phase of the 'Operation Clean Money' (OCM) launched Friday to unearth black money, the Income Tax department will probe over 60,000 individuals including 1,300 high risk persons for alleged excessive cash sales post demonetisation on...
More »Crashing sales, fear of vigilantes push cattle farmers to the edge in Yogi Adityanath's UP -Gulam Jeelani
-Hindustan Times Dhanaura (Bulandshahr): Every Wednesday, until two weeks ago, farmers from Dhanaura, adjoining villages and beyond would sell at least 500 spent (no longer productive) buffaloes to meat traders at this licenced weekly market in Uttar Pradesh’s Bulandshahr, about 80 km from Delhi. Not anymore. On March 29, the second Wednesday since the Yogi Adityanath-led Uttar Pradesh government launched its crackdown on illegal slaughterhouses, it was not business as usual at...
More »Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
More »Database limited, more complete information by next year: Chief Statistician TCA Anant -Aanchal Magazine & Anil Sasi
-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...
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