The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year.  Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...

The implementation of Right to Education Act may have got a shot in the arm with the recent Supreme Court ruling upholding the 25% reservation in unaided private schools for children from lower income group families but inAndhra Pradesh (and possibly other states in the country), the Act might soon figure among the many well-intentioned government schemes that do not impact, leave alone benefit, its target group. At best, the...

After a lukewarm response to the phase I of the Unique Identification Number (UID) scheme, the state government has decided to do away with majority of questions in phase II to boost registrations. The move may expedite the process but is likely to double the work for various agencies at a later stage. The registrations for AADHAR cards under phase II are likely to begin next month. Unlike in phase I,...

Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line. If the average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty linewould be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cutoff. The figures, based on the 66th round...

Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...