-The Indian Express Stop filers are individuals who filed returns in earlier years but did not do so in the current year even though they are liable to do so. The Central Board of Direct Taxes (CBDT) Thursday said it “does not have any word ‘Stop Filers’ in its glossary and it does not maintain any database of ‘Stop Filers’ in normal course”. This was in response to the April 4 report...
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Jobs or doles: which is the way forward? -Mahendra Dev & Pronab Sen
-The Hindu Governments can provide direct cash transfers while creating conditions for employment With the Congress promising through the Nyuntam Aay Yojana (NYAY) scheme ?6,000 every month to the poorest 20% of households if voted to power, Mahendra Dev and Pronab Sen talk of the importance and problems of direct cash transfers. Providing social protection is important even as governments try to create conditions for income-generating activities, they say in a discussion...
More »Battle for Maharashtra: Bread and butter at the heart of the political discourse in Vidarbha -CL Manoj
-The Economic Times Vidarbha has over 20% of the state’s population and is the land of perennial agrarian crisis and farmers’ suicides. Ten Lok Sabha seats are up for grabs in Vidarbha. In 2014, the BJP-Shiv Sena combine delivered a body blow to this Congress base (with NCP fighting separately then) by sweeping all the 10 seats. The BJP won 44 of the 62 assembly segments of the region without an alliance...
More »Bonds of secrecy -PDT Achary
-The Indian Express Concealing the identity of donors in electoral bonds goes against a fundamental tenet of democracy — transparency Electoral bonds are attracting attention in the run-up to the general elections. These bonds were conceived in 2017 and the necessary legislative changes were made in the Finance Bill of 2017. For example, Section 31 of the Reserve Bank of India Act, 1924, was amended and a new Clause (3) was...
More »YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)
-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
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