-Outlook India The government needs to have a large fiscal stimulus. It needs to put more money in the hands of the poor and vulnerable, Jayati Ghosh, development economist, and professor at Jawaharlal Nehru University tells Outlook. The government recently announced Rs 1.7 lakh crore economic package to help the poor deal with the impact of coronavirus and a 21-day nationwide lockdown imposed to contain the spread of the disease. Experts think...
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Mass migration defeats Corona preventive measures, MHA tells SC -Krishnadas Rajagopal
-The Hindu Blames ‘fake’ online messages for the panic The Ministry of Home Affairs (MHA) told the Supreme Court on Tuesday that the 21-day national lockdown was “inevitable” in the face of an “unprecedented global crisis” like COVID-19. The government blamed “fake and misleading” messages on social media about COVID-19 for creating widespread panic, which led to mass “barefoot” journey of migrant workers from cities to their native villages. Please click here to...
More »Recession To Hit Developing Nations, May Spare China, India: UN Report
-United Nations/ PTI/ NDTV With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations. United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the...
More »Tax dept. asks officers working from home to chase large taxpayers for dues
-PTI/ The Hindu “While the ITBA platform is not available to the officers for discharging statutory functions, it is still possible to follow up the pending collection matters by contacting large taxpayers telephonically/electronically,” IT Commissioner said. A three-month extension in deadlines for tax payment and filing of returns notwithstanding, the Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending collections. Rakesh Gupta, Commissioner...
More »Cauvery, tributaries look cleaner as pandemic keeps pollution away -MT Shiva Kumar
-The Hindu Release of industrial effluents, dumping of clothes and waste temporarily stops due to lockdown The strict enforcement of 21-day lockdown due to the COVID-19 pandemic has turned out to be a boon for the Cauvery and other rivers in the old Mysuru region as the prohibition of industrial and religious activities has helped in reducing pollution level in the rivers. According to the Karnataka State Pollution Control Board (KSPCB), the Cauvery...
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