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It’s time to give IRS officers their due -TCA Ramanujam

-The Hindu Despite being specialists, they are relegated to the margins The Central Board of Direct Taxation (CBDT), a wing of the Ministry of Finance, has initiated disciplinary proceedings against some Indian Revenue Service (IRS) officers for a report they submitted to the government recently. The officers are not corrupt, nor did they abuse any Minister or any functionary of the government. So, what was their crime? A group of 50 IRS officers...

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Central Government’s Push Behind Suspension of Labour Rights in States? -Ayaskant Das

-Newsclick.in It is noteworthy that rights of workers have been suspended despite Prime Minister Narendra Modi exhorting employers during the initial phase of the lockdown period not to cut down jobs. New Delhi: Over the past week, various states, including those ruled by the Bharatiya Janata Party (BJP) as well as those ruled by non-BJP political parties, are being held squarely responsible for drastic suspension of labour laws in the midst of...

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Slower growth and a tighter fiscal -C Rangarajan and DK Srivastava

-The Hindu India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured The impact of COVID-19 will be debilitating for the global as well as the Indian economies. Various institutions have assessed India’s growth prospects for 2020-21 ranging from 0.8% (Fitch) to 4.0% (Asian Development Bank). This wide range indicates the extent of uncertainty and tentative nature of these forecasts. The International Monetary Fund...

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Modi Government is on a Dangerous Course -Prabhat Patnaik

-Newsclick.in The BJP government’s centralising tendency and its attitude towards the financial needs of states during this pandemic, is symptomatic of a thinking that will weaken the very foundations of modern India. Despite repeated demands by the states, the Centre has still not released what is their legitimate due, namely, compensation for their revenue loss owing to the introduction of goods and services tax or GST; this has not been paid since...

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The PM-CARES Fund: Flip-Flops on an Unnecessary Issue? -Sudhansu Mohanty

-Newsclick.in For the sake of transparency and public knowing, shouldn’t the PM-CARES be merged with the PMNRF to grant it credence and credibility in these times? It is commendable that the Department of Revenue (DoR) gave into the widespread criticism of its earlier circular from April 17, 2020, and modified it through another circular dated April 29, 2020. But, it has done so – only partially. Broadly, there were two troubling issues in...

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