A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...
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New offshore records reveal several Indian firms tapped Mauritius route to save on taxes -Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar and Sandeep Singh
-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and Bank statements that...
More »India on the move: What data from Census 2011 show on migrations -Shyamlal Yadav
-The Indian Express Marriage and employment are the major reasons for migration, Census data show. The bulk of the migration takes place within individual states. Census 2011 data on migration released last week show Maharashtra had more migrants from Madhya Pradesh than from Bihar, and Gujarat had almost double the number of migrants from Rajasthan than from Bihar. Data from Delhi show only 2,321 persons declared Bangladesh as their last place of...
More »Thumbs up in Assam for new NRC deadline -Rahul Karmakar
-The Hindu Re-verification would have caused a lot of misery, says AAMSU GUWAHATI: Various organisations in Assam welcomed the Supreme Court’s order extending the deadline for publishing the final NRC to August 31 and turning down the request of the Centre and Assam government to conduct 20% sample re-verification of listed names in the districts bordering Bangladesh and 10% in the other districts on Tuesday. In a joint statement, the Assam State Jamiat...
More »World Bank withdrew from Amaravati due to corruption, claim AP govt officials -Yunus Y Lasania
-Livemint.com * The then TDP government had invited tenders for infrastructure development even before the World Bank loan details were finalized, said an official with the state government, requesting anonymity * According to the official, the team found numerous irregularities Hyderabad: Days after the World Bank (WB) announced backing out of Amaravati capital city project, by withdrawing its $300 million funding, officials from the Andhra Pradesh government said rampant corruption besides flouting of...
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