-TheWire.in In the caste and class-unequal region, where a cashless economy is a distant dream, there is some doubtful support for demonetisation, but mostly concrete hostility. Jhansi: Almost a month after Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1000 notes, the socio-economic fabric of Bundelkhand – one of the poorest regions in central India comprising parts of Uttar Pradesh and Madhya Pradesh – is slowly crumbling. The...
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Time to heed cries of India's newborns
-Deccan Herald India is not doing enough to protect its youngest citizens. According to ‘Vital Statistics of India based on Civil Registration System 2014’ report, around 1.89 lakh infants died in 2014 and around 80,190 of them were girls. Though there was a reduction in the number of infant deaths - 1.87 lakh infants died the previous year, including 80,609 girls – the drop was very marginal. Several of India’s...
More »Income tax department to use analytics to look for discrepancies in bank accounts -Sachin Dave
-The Economic Times MUMBAI: For the first time, the income-tax department will use big data analytical tools to go through personal bank deposits to segregate black money holders from genuine tax-payers, two people in the know have said. While the government has used big data analytical tools for corporate tax reporting in some cases in the past, this is the first time that it will use analytics on such a large scale...
More »I-T operations since cash ban yield Rs 2,000 crore; Over 400 inquiries conducted after Nov 8
-The Times of India NEW DELHI: The income tax department has unearthed over Rs 2,000 crore in unaccounted income in search and survey operations across the country since the demonetisation of Rs 500 and Rs 1,000 notes on November 8. The department also seized over Rs 130 crore in cash and jewellery. In a press note on Tuesday, the I-T department said it carried out more than 400 investigations after November 8....
More »Expect all demonetised money to come back to system: Revenue Secretary Hasmukh Adhia -Khushboo Narayan
-The Indian Express Questions over cost of exercise; will tax black money hoarders, says Adhia Mumbai: THE government expects the entire money in circulation in the form of currency notes of Rs 500 and Rs 1,000 which have been scrapped to come back to the banking system so that the tax authority can trace the transactions and tax black money hoarders, Revenue Secretary, Hasmukh Adhia said on Tuesday. This, effectively, undermines the...
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