-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

-Livemint.com IMF points to problem with redistribution of incomes as high Growth Rates are not reducing inequality New Delhi: The International Monetary Fund (IMF) has warned that both India and China face the social risk of growing inequality. By implication, it is suggesting that there is a problem with the redistribution of incomes in both these economies as high economic Growth Rates are not reducing inequality. In its regional economic outlook for Asia...

Although the focus of erstwhile UPA and the present NDA government has been to achieve higher economic growth by reaping the 'demographic dividend', a recent report from the Central Statistics Office (CSO) informs us that a substantial chunk of the population underwent ageing during the last 60 years. The report entitled Elderly in India: Profile and Programmes 2016 from CSO (that comes under the Ministry of Statistics and Programme Implementation) shows...

-Livemint.com Panel aims to find ways to diversify risks in farming, examine how integrated farming can boost incomes New Delhi: The central government has set up a panel to suggest ways to double farm incomes by 2022, as promised by Prime Minister Narendra Modi. The task of the inter-ministerial committee will prepare a blueprint to transition farm policies from being production oriented to based on incomes or value addition. The committee will look...

-Hindustan Times About 330 million people are affected by drought in 10 states as 256 districts reel from severe water shortages and poor farmers suffer crop losses. The current dry spell is partly because of two back-to-back years of bad monsoons. Policy makers have no control over fickle weather whims. As credit rating and research agency Crisil points out, the rising frequency of weather shocks amid higher vulnerabilities has compounded agrarian...