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Rs 2 lakh limit not applicable on bank withdrawals

-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...

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Swim against funding tide -Charu Sudan Kasturi

-The Telegraph New Delhi: A clutch of legal amendments the Narendra Modi government has introduced to allow corporate political donors to mask their contributions drags the world's largest democracy against global currents of rising transparency in electoral funding, analysts and activists have warned. From Brazil to Bangladesh, and Croatia to Cyprus, countries of diverse sizes and varied histories with democracy have over the past decade adopted laws and rules aimed at making...

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The Aadhaar of all things -Shriya Mohan

-The Hindu Business Line From a severely critical stand against Aadhaar in 2014, the Modi-led BJP in power has made a sharp U-turn to bulldoze its way into having every Indian scanned, tagged and labelled. A timeline of the country’s chequered date with the unique identification project You’ve probably read the WhatsApp joke about a post-Aadhaar scenario in 2020 India. A man orders pizza over phone. He is asked for his Aadhaar...

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Gujarat to tighten cow slaughter law -Mahesh Langa

-The Hindu New Bill makes it an offence punishable with life imprisonment, bigger fine. AHMEDABAD: If the newly elected BJP government in Uttar Pradesh launched a crackdown on illegal slaughter houses immediately after the Assembly polls, another BJP-ruled State, Gujarat, which goes to the polls later this year, came up with an amendment to make cow slaughter an offence punishable with life term, a first in the country. The most stringent provision in...

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Feeding insecurities -Reetika Khera

-The Hindu Business Line Aadhaar does more damage than good in welfare programmes It is widely believed that Aadhaar-Based Biometric Authentication (ABBA) is necessary to improve the delivery of welfare programmes such as the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Public Distribution System (PDS), social security pensions, and so on. This is a misconception. We have been studying these programmes for a decade, focusing mainly on the source of leakages and...

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