-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

-BBC French economist Thomas Piketty says there is still a "huge" gap in data about income tax in India. Official figures just released show only 1% of Indians paid tax in 2013, while 2% filed a tax return. Prime Minister Narendra Modi tweeted that publishing the data was a "big step towards transparency and informed policy-making". But Mr Piketty told the BBC the data was too thin to draw significant conclusions about levels of...

-Business Standard Green revolution pioneer now marked by rising rural despair, with high costs and low incomes pushing a mass of small cultivators into a debt trap Chandigarh: Fifty eight and counting…the number of farmers' suicides in Punjab in the past three months due to agrarian distress is alarming. Maharashtra, Punjab and Telangana top this grim list, the Union government informed Parliament last week. Rainfed states are in a crisis due to two...

-The Hindu Business Line There’s room for more awareness and organisation, but the number of people benefiting from fair price shops is growing Poor people in India depend heavily on the public distribution system. A recent survey by the National Council of Applied Economic Research found that more than 90 per cent ration card-holders in Below Poverty Line (BPL) / Priority Households (PHH) and the Antyodaya Anna Yojna category purchase foodgrain at...

-Hindustan Times Parbhani: It took Pandurang Shinde three trips to the weekly Khandoba cattle bazaar in Parbhani, one of the eight drought-hit districts of Marathwada, to find a buyer for his pair of bullocks. After much heckling, he managed to sell his coveted pair at Rs 50,000, half the price at what the animals had cost him. The weekly cattle bazaar, held on Thursdays, at Parbhani taluka is packed these days, full...