-The Times of India NEW DELHI: You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case of digital payments where the bill is up to Rs 2,000, in a move aimed at discouraging cash payments. According to sources, the proposal - which may give the benefit in the form of a discount or...
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Fact check: Did the government advocate privacy as a fundamental right as Ravi Shankar Prasad says? Not really -Mayank Jain
-Scroll.in Hours after the Supreme Court held privacy to be a fundamental right, Minister of Information and Technology Ravi Shankar Prasad claimed that the Narendra Modi government was in favour of declaring privacy a fundamental right. Is this correct? First, here is what Prasad said at a press conference in Delhi after the judgement was pronounced Thursday morning: “Government welcomes judgement. Government has been of the view, particularly with regard to Aadhaar,...
More »Centre approves the merger, consolidation of public sector banks
-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public...
More »Modi Government's 'Clarification' on Tax Data Further Muddies the Demonetisation Waters -James Wilson
-TheWire.in Instead of waiting for all the data to come in and making an apples-with-apples comparison, are different numbers being thrown at the public in order to make a political point about the ‘success’ of demonetisation? On August 18, the Ministry of Finance issued a clarification about the number of tax payers that had been added post-demonetisation, hoping to set at rest the confusion – and skepticism – that had resulted from...
More »That sinking feeling -MV Rajeev Gowda & Salman Soz
-The Hindu In contrast to its pronouncements, the government’s own data suggest the economy is in a deep hole Prime Minister Narendra Modi, in his Independence Day address, spoke triumphantly about how demonetisation drove ?3 lakh crore of unaccounted money into the banking system. The Reserve Bank of India (RBI) is still counting old notes, and unaccounted money cases are ongoing. Thus, this number is at best a guesstimate, and cannot be...
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