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No clean slate -Arvind Virmani

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

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The Truth Is Out There -Uttam Sengupta

-Outlook The state elections rolled out smoothly, but it's money power which ruled on the ground As we celebrate the smooth working of a massive electoral exercise-simplistically dubbed by many as the semi-final to the greatest show on earth, General Elections 2014-a realisation has dawned that the role of ‘money power' is reaching alarming proportions. Sure, elections are more fool-proof today than in the past, and most (rightly) salute the EC...

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No model state -Christophe Jaffrelot

-The Indian Express In Gujarat, growth relies on indebtedness. And relegates development. The Gujarat pattern of development has often been arraigned from the left because of its social deficits. Indeed, the state's social indicators do not match its economic performance. With 23 per cent of its citizens living below the poverty line in 2010, Gujarat does better than the Indian average - 29.8 per cent - but it reduced this proportion by...

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This perverse rage against the poor-Harish Khare

-The Hindu With the economic boom petering out, those who benefitted from it are angry with the government for the Food Security Bill because it is paying attention to the needs of the underprivileged for a change This week's received wisdom insists that the Indian economy has irretrievably collapsed because on Monday, the Lok Sabha passed the National Food Security Bill (NFSB). The Hindu Business Line headline (Aug.28, page 1) said it...

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Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report-Vidyalaxmi

-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...

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