-The Hindu Aadhaar link for registRATion proposed Panaji: From October 1, taking the family for a holiday is set to become a more economical affair, but the consumption of energy drinks will become more expensive, following a maRAThon meeting of the Goods and Services Tax (GST) Council that lasted nearly nine hours on September 20. While the tax RATes were tweaked up or down for several goods and services, the Council left...
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Explained: How the latest corpoRATe tax RATe cut impacts the economy -Udit Misra
-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corpoRATe tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corpoRATe tax RATes on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleRATion. According to reports, the government has cut the...
More »Black economy in India: The path to growing inequality in India -Arun Kumar
-CounterCurrents.org The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social and political facets. All the macroeconomic variables like, growth RATe of the economy, inflation and fiscal policies are affected by the black economy. The microeconomic variables like education, health, drinking water and other services received by the citizens are also...
More »Will our farmers be thrown out like stateless immigrants?
-The Telegraph More than half of the country's small and marginal farmers continue to be left out of the ambit of formal finance A recent report by the Reserve Bank of India found that despite a plethora of schemes aimed at financial inclusion, only 40.9 per cent of small and marginal farmers have so far been covered by the banking system. Small and marginal farmers are defined as those with opeRATional land...
More »Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body
-The Economic Times Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. Unlike the...
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