-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

-Livemint.com IMF points to problem with redistribution of incomes as high growth rates are not reducing inequality New Delhi: The International Monetary Fund (IMF) has warned that both India and China face the social risk of growing inequality. By implication, it is suggesting that there is a problem with the redistribution of incomes in both these economies as high economic growth rates are not reducing inequality. In its regional economic outlook for Asia...

-The Hindu Business Line Villagers are turning entrepreneurs by renting out their solar lamps Ibrahimpur duli village in Uttar Pradesh’s Faizabad district is on the electricity grid. But the power here is erratic. “It comes only at night around 9 or 10 pm with frequent shut downs,” says 54-year-old Ram Lallan who along with his wife Kusma Devi runs a solar enterprise to offer off-grid technology solutions to consumers in the region. The couple...

-The Hindu Prem Singh’s farm has plenty of water, fruit-bearing trees, and organic products BANDA (U.P.): In the parched, brown landscape of Uttar Pradesh’s Bundelkhand region, where hundreds of distressed farmers have taken their lives in the past few decades or have been forced to migrate, Prem Singh’s farm is an exception. In the fabulous green farm, there is plenty for everyone: abundance of water-bodies for animals to drink from, many fruit-bearing trees,...

-Livemint.com Less than 5% of India’s annual water consumption is on account of domestic usage; agriculture’s share is 90% From the court ordering the shifting of cricket matches out of drought-hit Maharashtra this year to Sheila Dikshit, former chief minister of Delhi, claiming in 2012 that she took a bath in half a bucket of water, urban rationing seems to be the main focus during water crises in India. While the importance...