-The Indian Express Stop filers are individuals who filed returns in earlier years but did not do so in the current year even though they are liable to do so. The Central Board of Direct Taxes (CBDT) Thursday said it “does not have any word ‘Stop Filers’ in its glossary and it does not maintain any database of ‘Stop Filers’ in normal course”. This was in response to the April 4 report...
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88 lakh taxpayers didn't file returns in year of noteban, 10-fold jump over previous year -Khushboo Narayan
-The Indian Express The spike in stop filers, according to officials, could be due to loss of jobs or drop in income due to fall in economic activity following demonetization of Rs 500 and Rs 1,000 notes. Claiming the success of demonetisation in increasing tax compliance, the government said it added 1.06 crore new taxpayers in the financial year 2016-17, almost 25 per cent more than the previous year. Records accessed by...
More »Managing India's sugar surplus -N Madhavan
-The Hindu Business Line As the sector pays the price for governments’ populism, it is time for an all new approach Earlier this month, Australia and Brazil dragged India to the WTO for its market-distorting policies on sugar. Their contention was that the subsidies, including the extent of farmer assistance, far exceeded the norms set by the WTO resulting in higher sugar production/exports which dampen the international prices and, consequently, hurt their...
More »West Bengal returns Centre's PMJAY funds -Abantika Ghosh
-The Indian Express Launched on September 23, PMJAY is the tertiary care arm of the NDA government’s flagship health programme Ayushman Bharat. On the day Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee released the party’s manifesto with a focus on national issues such as demonetisation, Kashmir and GST, the state government returned the money received from the Centre for the Pradhan Mantri Jan Arogya Yojana (PMJAY), touted as...
More »Income plan: Economists consulted, says Rahul; uphill task, feel experts
-PTI NEW DELHI: Congress president Rahul Gandhi on Tuesday said his party consulted several economists including former RBI governor Raghuram Rajan on its minimum income plan for the poor even as leading experts said that implementing such a scheme would be an uphill task. In a mega poll promise, Gandhi on Monday announced that under 'Nyay' - an acronym for Nyuntam Aay Yojana - Rs 72,000 will be given to the poorest...
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