-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...
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Farm policy needs to change with the times -Nilabja Ghosh
-The Hindu Business Line Land should not be viewed as the only factor of productivity. And, managing food prices calls for better market intelligence The Centre’s emphasis on manufacturing, manifested in initiatives such as ‘Make in India’ and ‘Skill India’ have a downside: relative indifference to agriculture. Some of this is already visible in terms of rural distress and food price inflation. This can prove costly to the economy, reminiscent of the...
More »Don’t tamper with patent laws -A Srinivas
-The Hindu Business Line India is being too accommodating of MNCs The Centre is needlessly apologetic about our IPR laws. It set up an IPR ‘think tank’ in October 2014, perhaps responding to a view that our IPRs are not strong enough to invite foreign investment. Last January, Prime Minister Modi and President Obama issued a joint statement which “committed to establish an annual high-level Intellectual Property Working Group”. In November, Modi...
More »How Jamghat, an NGO, is helping street children -Geetanjali Krishna
-Business Standard Jamghat, an organisation in Delhi, is steering street children towards a better life The year was 2003. Prince Charles was to visit India and the NGO Action Aid planned to stage a street play on homelessness for him. It roped in Amit Sinha, a theatre professional, and 14 street children from diverse backgrounds for the project. The play was a success and the ragtag band toured the country to perform it....
More »Rabi crop fine for now, a few worries over wheat and early end to winter -Harish Damodaran
-The Indian Express Field reports suggest that the mustard crop — currently about 70-90 days old and at the reproductive (flowering and pod development) stage in most areas — is in good condition. Dry weather combined with unwinter-like temperatures — roughly 5 degrees Celsius above normal levels for this time — may not pose immediate worries to the rabi season crops in the fields now. But the real concern is whether...
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