-The Times of India NEW DELHI: The agriculture ministry in consultation with the Niti Aayog has identified a set of nine marketing reforms to ensure remunerative prices to farmers for their produce by reducing intervention of middlemen. The measures are likely to be in place by July and are considered one of the key steps in doubling farmers' income by 2022. "PM Narendra Modi wants these reforms to be implemented by July. We...
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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 »Note ban hit not just poor, but manufacturing sector too: House panel -Abantika Ghosh
-The Indian Express When announcing the decision on November 8, the government had said the then Rs 500 and Rs 1,000 notes would cease to be legal tender and this would cleanse the system of black money. A Parliamentary panel has come down heavily on demonetisation, describing it as one that not just inconvenienced the poor but also affected the manufacturing sector. “It was an effort to combat corruption, tax evasion and...
More »Wealth in India: The poor do not count -Manas Chakravarty
-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
More »People without surnames face problems in linking Aadhaar with PAN -TK Rohit
-The Hindu A large number of people, especially those in the south of the country, feel hassled by the Centre’s decision making Aadhaar mandatory for filing income tax returns and linking their PAN with it. Unlike the rest of India where people use surnames, most people in the South use initials either before or after their names. This has created a unique problem, which the Centre has not thought out clearly. While providing...
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