-CounterCurrents.org The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social and political facets. All the macroeconomic variables like, growth rate of the economy, inflation and fiscal policies are affected by the black economy. The microeconomic variables like education, health, drinking water and other services received by the citizens are also...
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Explained: How the latest corporate tax rate cut impacts the economy -Udit Misra
-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...
More »Courts of injustice -Prashant Bhushan and Cheryl D'souza
-The Indian Express The fate of close to two million people excluded from the NRC in Assam rests with the Foreigners Tribunals. The constitutionality and conduct of these quasi-judicial bodies are questionable Over 1.9 million people have been excluded from the final National Register of Citizens (NRC) in Assam. The herculean executive exercise, mandated and closely monitored by the Supreme Court, has incurred a staggering expenditure of over Rs 1,200 crore...
More »Food ministry pushes for increase in allocation of subsidised food grains -Rituraj Tiwari
-The Economic Times NEW DELHI: The food ministry has revived the proposal to increase by 2 kg each the allocation of subsidised food grains to 810 million poor people covered under the National Food Security Act. Food minister Ram Vilas Paswan has written to Prime Minister Narendra Modi seeking his approval for this proposal, which has been lying before the Cabinet for some time. If the proposal gets clearance, it will help the...
More »Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body
-The Economic Times Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. Unlike the...
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