-PTI New Delhi: The National Green Tribunal today came down heavily on the AAP government and the East Delhi Municipal Corporation (EDMC) over the Ghazipur landfill collapse in which two persons were killed, saying "nothing can be more humiliating than people being killed under garbage hill". The green panel issued notices to them while directing them to show cause why punitive action should not be taken against the Delhi government and criminal...
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If Anything, Demonetisation Slowed the Rate of Increase in Income Tax Base -James Wilson
-TheWire.in Year-to-year growth in the number of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation). I am finally able to resolve the jigsaw puzzle of the number of tax payers added during FY 2016-17. In my last article in response to the clarifications issued by the Ministry of Finance on August 18, I pointed out the inconsistencies in their response. For instance, “Instead...
More »No information on how much black money removed by note ban, says RBI
-PTI NEW DELHI: The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency Post note ban. Stating that an estimated Rs 15.28 lakh crore in junked notes has come back "subject to future corrections based on verification process", the Reserve Bank also said it...
More »Demonetisation is a Clear Case of How Public Policy Should Not be Made -Arun Kumar
-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
More »India's Urban Floods Are More Acts Of Man Than God -VR Vachana
-Huffington Post blog A result of dysfunctional municipal planning and governance. The flooding woes of Indian cities have hit the headlines yet again, with Mumbai, Chandigarh, Bengaluru and Agartala being among the worst affected. As for the response to these crises—there is enough evidence to indicate that the patchwork solutions that have been employed will work like steroid shots that might mitigate the issue temporarily, but worsen it in the future. Planning in...
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