-Newsclick.in Tax collections have plummeted and Modi Govt is scrambling to cut spending by Ministries, further deepening the crisis. For the first time in two decades, corporate and income tax collections are expected to fall in 2019-20. This is an indication of the gigantic mess created by the Narendra Modi government with its dogmatic commitment to reduce taxes on corporates and squeeze its own expenditure to supposedly boost the flagging economy. As...
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Will the Budget offer some solace to farm widows? -TV Jayan
-The Hindu Business Line They await a comprehensive relief and rehabilitation package from the Centre “The governments here have been asleep for far too long. They should listen to us and solve our problems. If they can’t, they should just go,” thundered Vidya More, a 38-year-old farmer widow from Osmanabad district of Maharashtra. Her frustration is understandable; her husband committed suicide about eight years ago when he couldn’t get enough from his two-acre...
More »Maggi, fridge, clothes, mobile data, booze -- nothing is selling in slowdown-hit rural UP -Sanya Dhingra
-ThePrint.in Kids are denied lunch and weddings are austere as rural consumption takes a beating due to economic slowdown. ThePrint travels through UP to meet people caught in the crisis. Jagatpur/ Jayapura: It is peak wedding season in Jagatpur village in Rae Bareli, Uttar Pradesh. And while India’s economic slowdown has not stopped people from getting married, it has drastically shrunk 21-year-old Naushad’s once-booming tailoring business. Please click here to read more. ...
More »Almost 75% farmers did not get all 3 PM Kisan instalments, a year after implementation -Kabir Agarwal
-TheWire.in According to RTI and government data, even in the best-case scenario, the Centre has spent only 50% of the amount that was allocated under PM Kisan from December 2018 to March 2020. New Delhi: Less than three in 10 farmers received the Rs 6,000 that was due to them in the first full year of the implementation of the Centre’s flagship PM Kisan scheme, according to government data obtained by The...
More »Budget 2020: You did promise jobs, Mr. Modi, didn't you? -Subodh Varma
-Newsclick.in Will this Budget give any signal that the government is tackling the deadly jobs crisis? Budgets usually don’t address big systemic issues. After all, they only arrange for government revenue and expenditure for one year. But, if the water is flowing over your head, a Budget could very well give a strong signal of beginning something. It could open the door to policy changes, and declare a determined political intent. The raging...
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