-PTI The CBDT has been worried over the direct tax collection work for quite some time The Central Board of Direct Taxes (CBDT) has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15%, with the financial year closing less than a week away. On March 26, CBDT Member (Revenue) Neena Kumar shot off a letter...
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The problem is jobs, not wages -Praveen Chakravarty
-The Hindu There is obfuscation over both the existence of a jobs crisis and the diagnosis of it It is well established that India is staring at a massive jobs crisis. Every single survey points to jobs as the biggest issue concerning voters, especially the youth. Yet, the Prime Minister and the government steadfastly refuse to even acknowledge this issue, let alone address it. India’s jobs crisis is an economic issue, not a...
More »Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators
Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...
More »Prof. Guy Standing, economist at the School Of Oriental and African Studies, University of London, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...
More »The Subversion of MGNREGS -Prabhat Patnaik
-Networkideas.org The National Rural Employment Guarantee Act that brought the MGNREGS into being was a unique piece of legislation in the history of independent India. It stipulated that employment was to be made available on demand, within a fortnight of being asked for, failing which an unemployment allowance had to be paid. True, its scope was confined only to rural areas, and it promised employment only up to 100 days per...
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