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Govt needs to look beyond salaried class to grow Income Tax collection -S Murlidharan

-CNBCTV18.com Income tax payers are admittedly abysmally low in India but the problem to a large extent is of our own making with too many holy cows and touch-me-nots. We often hear the elegy that in a country of 135 crore, hardly 1.5 crore people pay income tax although thrice of that number file returns. The answer is not far to seek though. We have right from the beginning exempted agricultural income...

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CSE bats for organic and natural farming

-Centre for Science and Environment * Releases new report that presents irrefutable evidence of the benefits of non-chemical agriculture * Yesterday’s Budget promises to promote chemical-free natural farming, but it is a half-hearted promise at best, as no separate allocation has been made in it, says CSE * CSE’s asks: Invest in organic and natural farming. Make it a mass movement New Delhi, February 2, 2022: “Despite the push given to it through periodic...

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A recipe to deepen the distress in rural economy -Himanshu

-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...

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Blissful ignorance -Jayati Ghosh

-The Telegraph The Union budget is an embodiment of unequal fiscal policy The finance minister and her ministry have betrayed, once again, their lack of understanding of the Indian economy or the conditions under which most Indians are living today. Despite attempts to ‘talk up’ the supposed recovery, the economy is weak and most people are hurting. India has seen one of the biggest increases in the number of poor and hungry people...

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Budget 2022: Lowest sections of our society who suffered most are not yet part of recovery story -Ashwini Kulkarni

-The Free Press Journal Today’s budget speech of the Finance Minister was more about Government’s intentions, intentions for a long term horizon like 25 years and little on this years’ specific plans. There is an oft-spoken phrase – where there is a will there's a way. If the policies of a Government is its Will then the Budget is meant to give the Way by providing the means with funds. Today’s budget...

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