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How taxmen nabbed black money hoarders who tried to beat the note ban -N Sundaresha Subramanian

-Business Standard Relatives' accounts, meddling with accounting software and shell cos used to hide unaccounted cash Two major civil contractors of Bengaluru, who undertake state government civil contract works from irrigation and other departments, were alleged to have engaged in massive inflation of expenses and investment of unaccounted income in the purchase of immovable properties. Discreet enquiries by the Income Tax (I-T) department revealed that they were helping in the conversion of unaccounted...

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Why India needs another statistical revolution -Pramit Bhattacharya

-Livemint.com The Indian statistical system is failing to fulfil the needs of 21st century policymaking The Indian state has often been a source of bewilderment to observers and analysts, and a source of frustration for its citizens who marvel at the state’s ability to perform complex tasks—such as running a successful space mission—while failing to perform many basic tasks such as ensuring the survival of newborns. Perhaps no other organ of the...

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India's laggard states need a bigger infrastructure push -Sachin P Mampatta and Tadit Kundu

-Livemint.com Little has changed in terms of infrastructure gap between India’s rich and poor states between 2005-06 and 2014-15 From expressways in Uttar Pradesh to road tunnels in Jammu and Kashmir, large infrastructure projects are showcased by state governments as examples of development politics. Have these efforts been successful in bridging the infrastructure gap between Indian states? A look at the changes in the Mint state infrastructure index between 2005-06 and 2014-15 shows...

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Madhya Pradesh to devise Happiness Index -Nistula Hebbar

-The Hindu Ties up with IIT-Kharagpur to gauge happiness levels Happiness, its pursuit and examining its essential nature have been considered the domain of philosophy, an ephemeral rather than tangible value. The Madhya Pradesh government, however, has tasked the Indian Institute of Technology-Kharagpur with finding a quantifiable answer to that eternal question — what constitutes happiness and how happy are people really. The State government had, in July last year, set up the...

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Economy growing at 7%, jobs at 1% -Subodh Varma

-The Times of India While the economy is growing at just over 7% per year, jobs increased by just 1.1% last year, according to a recently-released report covering eight key sectors of the non-farm economy. An earlier report had pegged joblessness at a fiveyear high of 5% in 2015, and under-employment at a staggering 35% of the over-15 years labour force. Seen in this context, the government is facing a growing employment...

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