-The Hindu Five years after the first canteen came up, the future of the pet project of the then Chief Minister Jayalalithaa hangs in balance due to reports of fall in patronage and mounting losses borne by civic bodies. Budgetary support and operational reforms may be necessary for a course correction Sekar. D was observing this newspaper’s team of reporters as he sat cross-legged on the tiled floor. Then, he abandoned his...

-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...

-The Telegraph New Delhi: The Centre is examining Finland's school education model, focused on each child learning at her own pace, to see how much of it India can emulate. The Prime Minister's Office sent a note to the human resource development ministry this month asking it to study Finland's system, highlighting the 100 per cent government funding, flexible curriculum and teaching methods, and the high salary of and rigorous training for...

-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy Economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...

-PTI New Delhi: A parliamentary panel headed by sidelined BJP veteran Murli Manohar Joshi has expressed its "strong displeasure" at the government for not providing details of the expenditure incurred on the salaries and allowances of IAS, IPS and other officers. The committee on estimates suggested in a recent report an effective mechanism to assess the contribution of officers from the all-India services to national growth with relation to their emoluments. "The committee...