-The Hindu They criticised the top court for its “self-effacing deference” to the government Hours before taking suo motu cognisance of “certain lapses” in government measures dealing with migrant workers, the Supreme Court received a stinging letter from 10 senior lawyers each from Delhi and Mumbai that was critical of its “self-effacing deference” to the government, “unwillingness” and “apparent indifference” in the face of the “enormous humanitarian crisis”. The senior lawyers, who include...
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A blueprint to revive the economy -P Chidambaram & Praveen Chakravarty
-The Hindu A carefully crafted economic proposal for consideration of the Indian government to help our fellow citizens “We have no food, no home, no income. My children are starving,” cried Prachi to a TV anchor on April 14. Prachi, a migrant worker from Bihar, is one of the roughly 400 million workers in India who are dependent on daily wages for their survival. She has lost her source of livelihood because...
More »Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram -Sobhana K Nair
-The Hindu It is only part of mismanagement of financial institutions under BJP government watch, says ex-Finance Minister The government and the RBI didn’t bother to read the balance sheet of the Yes Bank, former Finance Minister P. Chidambaram said pointing out to the unusual growth in the loan book at the rate of 35% a year between March 2014 to March 2019. The loan book registered registered a spike especially in 2016-17...
More »Budget riddle on cash withdrawals: 'Income' tax on 'non-income' -Sambit Saha
-The Telegraph The obvious question: if the cash withdrawal isn’t designated as “income”, how can you tax it under the “income” tax act? The Narendra Modi government has left tax consultants and legal eagles deeply puzzled as they try to wrap their heads around the legalese of a change to the income-tax act. The change, incorporated in the budget presented by Nirmala Sitharaman and amended afresh on Thursday, mandates banks to deduct a...
More »Lok Sabha elections: Congress releases poll manifesto with focus on jobs, farmers, Nyay
-PTI NEW DELHI: The Congress on Tuesday released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the 'Nyay' scheme, filling up 22 lakh government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate. The 55-page document titled 'Hum Nibhayenge' (We will deliver) focused on addressing the issues of joblessness, farm distress, safety...
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