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Tax reason for Aadhaar

-The Telegraph New Delhi: The Centre on Tuesday told the Supreme Court that the mandatory linking of Aadhaar with bank accounts and PAN cards was intended to screen genuine Tax Payers from dishonest elements evading taxes. The government made the comments while trying to allay fears that people could be harassed for money-laundering offences. Appearing for the Centre and the Aadhaar-issuing Unique Identification Authority of India, additional solicitor-general Tushar Mehta told a five-judge...

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Data shows corporates are consistently favoured over rural India -Jitendra

-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...

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Disclose bills of Air India charter plane for PM's travel abroad: CIC to MEA

-PTI The case pertains to Commodore Lokesh Batra (Retd) who had sought to know details of bills, invoices and other records related to abroad visits of Prime Minister between Financial Years 2013-14 and 2016-17. The Central Information Commission has directed the external affairs ministry to disclose records related to the expenses incurred on chartering Air India aircraft for abroad visits of the prime minister from 2013 to 2017. Chief Information Commissioner R...

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Size of tax rebates is large as compared to spending by agricultural & rural development ministries

Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...

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Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)

-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...

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