-Business Standard We should work in unison to boost growth: FM Even as the Centre harped on devolving higher share of funds to states following the recommendations of the 14th finance commission, the latter demanded that they be given more money and the Union government should retain its share of funding for centrally-sponsored schemes in the upcoming Budget. At the pre-Budget meeting with Finance Minister Arun Jaitley on Saturday, states also sought more...
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Data gaps hamper my work on India: Thomas Piketty -Jyotsna Singh
-Livemint.com The economist believes inequality in India is comparable with Brazil, South Africa but lack of transparency over direct tax statistics in India hinders his study here New Delhi: Economist Thomas Piketty believes inequality in India is comparable with that in Brazil and South Africa. Like the two other emerging economies, where the richest 10% of the population has a 60-65% share of total wealth, a similar scenario probably exists in...
More »Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »The jam in Delhi’s traffic experiment -Sriram Lakshman
-The Hindu A key to understanding the effect of driving restrictions on emission levels would be to analyse what substitutions citizens will make for private vehicle trips during restriction hours It will be an unusual start to the New Year for Delhi. The city will be subject to the much-discussed driving restrictions, according to which between 8 a.m. and 8 p.m. most private vehicle operators will only be able to take their...
More »Pedal for free power, PIO shows how
-The Times of India NEW DELHI: Pedal a stationary cycle for one hour and run two lights and a fan all day without grid electricity. American billionaire Manoj Bhargava claims he has the answer to India's rural electrification challenge, and he showed it at an event in Delhi on Friday. Lucknow-born Bhargava, founder of 5 Hour Energy, a popular energy drink in the US, styles himself as "entrepreneur and philanthropist" on Twitter....
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