-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
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Economy Survey sharpens debate over 'super-rich tax'
-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...
More »The dishonest super-rich club of India-Tarun Chaturvedi
-The Business Standard Nobody will believe Finance Ministry data that only 400,000 Indians earn more than Rs 20 lakh a year I had barely finished my lecture in support of Tax on Super Rich, when this gentleman sprang up from the audience and asked me how the finance ministry will define “Super Rich” in India. I managed to answer his question by reminding him that certain issues should be left to the...
More »Learning to teach -S Giridhar
-The Indian Express ASER’s findings highlight the dismal state of school education. Improving teacher training programmes could lead to better outcomes I remember Rukmini Banerji of Pratham telling us in 2005 that ASER the Annual Status of Education Report — will be a national survey that will hold up a mirror to the condition of education in India and shake us into urgent action. For nine years now, every January, ASER is...
More »Delhi bias in Supreme Court litigation -Rukmini Shrinivasan
-The Times of India In a country already frequently accused of centralising decision-making in its capital city, new data on the Supreme Court now shows a disturbing Delhi bias in litigation too. Litigants who live closer to Delhi are significantly more likely to appeal in the Supreme Court, according to the first detailed analysis of recent apex court data by a legal researcher. Nick Robinson, a visiting fellow at the Centre for...
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