-Down to Earth Corporate India gets indirect subsidy equivalent to 60 per cent of government expenditure on rural areas A recent analysis has revealed a shocking injustice being done consistently to rural India by the government with corporates getting subsidies at its expense. The Inclusive Media for Change, a New Delhi-based non-profit has analysed the last seven Union Budgets. It has found that indirect subsidy, termed as “tax expenditure” that was given...

-The Times of India NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for which banks have filed lawsuits for recovery and found that the top 11 debtor groups, each with dues of...

-Frontline.in Despite its deeply flawed neoliberal perspective, Economic Survey 2017-18 is rich in detail, has many useful analytical discussions at different levels of aggregation, and would serve as a useful resource for students and scholars. When Arvind Subramanian, the present Chief Economic Adviser to the Ministry of Finance who took office way back in October 2014, presented his first Economic Survey, the one for 2014-15, there was considerable novelty on offer, at...

-Business Standard The revenue tax collected in the affected villages had been suspended till further order Raipur: Scanty rains during the kharif 2017 had affected over 1.1 million farmers in Chhattisgarh. The opposition Congress members today informed in the Chhattisgarh Legislative Assembly that 1104767 farmers from 11297 villages have been affected by drought. In all, 1028657.812 hectares area had remained dry due to short rainfall. The state government accepted the figure and...

-TheWire.in In the gender Budget, the Modi government has not done much more than pay lip service to policies that impact women. Soon after the Union Budget was presented, the PMO tweeted Modi as saying: “Special emphasis has been given on women empowerment in the Budget.” A high-voltage communication campaign followed highlighting key proposals for women, including an increase in commitments for the Ujjwala scheme to provide free gas connections to eight crore...