-Newsclick.in The labourers from Dang migrate every year to Bardoli—a hub of sugar mills—where they are caught in a system of advance payments that bind them to the workplace for the duration of the season. Dang, a district in southern Gujarat, is witnessing one of the largest labour movements in its recent history after the tribal sugarcane harvesters of the district decided not to migrate to Bardoli and other neighbouring areas. Bardoli,...
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An unequal burden -Harish Damodaran
-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as price risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
More »The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
More »Courts of injustice -Prashant Bhushan and Cheryl D'souza
-The Indian Express The fate of close to two million people excluded from the NRC in Assam rests with the Foreigners Tribunals. The constitutionality and conduct of these quasi-judicial bodies are questionable Over 1.9 million people have been excluded from the final National Register of Citizens (NRC) in Assam. The herculean executive exercise, mandated and closely monitored by the Supreme Court, has incurred a staggering expenditure of over Rs 1,200 crore...
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