-Down to EARTh Economic losses associated with lost productivity can reach up to $1.6 trillion annually if warming exceeds an additional 2°C relative to the present Rising heat and humidity due to global warming has prompted major loss in labour hours across the globe. India is one of the worst affected countries, according to a new study led by Duke University researchers. As heat and humidity levels rise because of climate change, options...
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Corporate tax assessment: CAG spots major errors in over 350 cases
-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...
More »Are jobs really being created? -Madan Sabnavis
-The Hindu Business Line While data from CMIE and EPFO present a contrasting picture, jobs in the unorganised sector continue to be difficult to assess Employment data in India have always been controversial as the concept per se is quite nebulous. While corporate data on employment is foolproof as the headcount is known and revealed in annual reports, the same cannot be said about the non-corporate sector. Often, data on employment exchanges...
More »Centre claims linking of Aadhaar to voter ID is voluntary – but bill in Parliament contradicts it -Umang Poddar
-Scroll.in A contentious clause in the legislation has made experts apprehensive. Among the changes introduced by the Election Laws (Amendment) Bill, 2021, which was passed by the Lok Sabha on Monday, is to allow electoral registration officers to ask new voters for their Aadhaar numbers to establish their identities. Officials could also use the 12-digit unique identification number linked to residents’ biometric details to authenticate the identities of already registered voters. The government has...
More »Implications of futures contracts ban on select commodities -Suresh P Iyengar
-The Hindu Business Line Here is the BL Explainer on futures trading ban on select commodities, its benefits, controlling prices, and experts take on it. * What is futures trading? Futures trading is an agreement between two people to buy or sell a commodity at an agreed price on a future date. As per futures contracts traded on an exchange, one pARTy consents to buy a given quantity of commodity with specified quality...
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