-TheWire.in Most of the outreach efforts of the finance ministry to explain and create awareness about the GST have been with the bigger industry players. It is becoming increasingly clear that that neither the Centre nor states are adequately prepared to launch the goods and services tax (GST) on July 1. The sheer multiplicity of taxes, as also different tax slabs for the same commodity or service, is a problem which has...
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Government makes Aadhaar must for bank a/cs, high value transactions
-The Times of India NEW DELHI: The government has made the Aadhaar card mandatory for opening bank accounts and conducting financial transactions of Rs 50,000 and above. Those with existing accounts will also have to submit their unique identification number by the end of December. Not disclosing it by December 31 will lead to suspension of the account. While the income tax department had earlier announced the decision to make Aadhaar mandatory for...
More »No clear-cut trend in economy going cashless
Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
More »Two charts show why western Madhya Pradesh became the epicentre of violent farmer protests -Mridula Chari
-Scroll.in Soyabean, the main crop of Malwa region, has seen a sharp fall in prices. As a small-time commission agent who buys soyabean from farmers on behalf of oilseed crushing Companies in Indore, Manilal Patel has a ringside view of what sparked the farmer unrest in western Madhya Pradesh this month. The fertile Malwa plateau here produces around 20% of India’s’s soyabean. As much as 80% of the crop used to be...
More »Modi's pet Ujjawala scheme wobbles as many beneficiaries drop out after their first LPG cylinder -Dhirendra K Jha
-Scroll.in The number of LPG connections extended under this scheme may be rising rapidly, but LPG usage is not. The aim was to free poor women from smoke-filled kitchens by giving them cooking gas connections. But one year after it was launched, the Pradhan Mantri Ujjawala Yojana seems to have run into rough weather. On paper, the central government scheme which provides free liquefied petroleum gas, or LPG, connections to below the...
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