-Outlook Is the devolution of national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...
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Wake up, smell the leakage -Ashok Gulati & Prerna Terway
-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
More »Aadhaar Bill and Hitler's law -Latha Jishnu
-Down to Earth Blog By pretending the Aadhaar regulation is a money bill, the Modi government has used Nazi tactics to avoid parliamentary debate On March 16, something unusual occurred in the Indian republic. A Bill that has widespread social and economic ramifications and contains a set of rules that would have far-ranging consequences on the lives of 1.3 billion Indians was approved by the Lok Sabha after bypassing the Rajya Sabha....
More »Mamata’s wealth ‘doubles’ in five years -Shiv Sahay Singh
-The Hindu Kolkata: Ms. Banerjee declared in her affidavit that her movable assets amount to Rs. 30,45,012. Her assets in September 2011 was Rs. 15,84,189. The assets of Trinamool Congress chief Mamata Banerjee have nearly doubled in the past five years after she assumed office of Chief Minister of West Bengal. Ms. Banerjee, who filed her nomination papers on Friday to contest from Bhabanipur Assembly constituency in the city, declared in her affidavit...
More »Forty coal importers under the DRI scanner for over-invoicing
-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
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