-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
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UN report belies India's claims of inclusive growth-Devjyot Ghoshal
-The Business Standard This has meant the GNI per capita has more than doubled from $1,229 in 1990 In recent years, India's growth has undoubtedly been spectacular. Income growth a year has averaged about five per cent from 1990 through 2012. This has meant the gross national income (GNI) per capita (purchasing power parity, in dollar terms) has more than doubled from $1,229 in 1990. However, even if one discounts the drop in...
More »A rough guide to India’s Food Security Bill
Introduced in the Lok Sabha in December 2011, the UPA government’s Food Security Bill is finally going to be discussed in the current (Budget) Session of Parliament. The proposed legislation is now slated to see many additional amendments from the government, following criticism from the States, NGOs and diverse stake-holders working on access to food and child health. Attempt here is to summarise in a Q & A format the...
More »'About 30% People Were Below Poverty Line in 2009-10'
-Outlook About 30 per cent of people in India were below the poverty line in 2009-10 that was based on the monthly per capita consumption expenditure (MPCE) of Rs 673 for rural areas and Rs 860 for urban areas, Parliament was informed today. "As per the latest available information, the poverty line at all India level for 2009-10 is estimated as MPCE of Rs 673 for rural areas and Rs 860 for...
More »Govt likely to go for pension universalization-Elizabeth Roche and Kirthi V Rao
-Live Mint Move may help the Congress renew its appeal to a traditional constituency; activists raise objections In yet another move that the ruling Congress Party hopes will help renew its appeal to a traditional constituency, the ministry of rural development has indicated it is likely to accept the recommendations of a panel that has suggested the universalization of pensions. The task force headed by Planning Commission member Mihir Shah was set up...
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