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I-T operations since cash ban yield Rs 2,000 crore; Over 400 inquiries conducted after Nov 8

-The Times of India NEW DELHI: The income tax department has unearthed over Rs 2,000 crore in unaccounted income in search and Survey operations across the country since the demonetisation of Rs 500 and Rs 1,000 notes on November 8. The department also seized over Rs 130 crore in cash and jewellery. In a press note on Tuesday, the I-T department said it carried out more than 400 investigations after November 8....

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Law to regulate working condition of domestic workers demanded

-PTI The platform has also drafted a model Domestic Workers Regulation of Work and Social Security Bill and discussion on it was held with various stakeholders. New Delhi: Civil society organisations and trade unions under the banner of National Platform for Domestic Workers today demanded a comprehensive legislation to regulate their working condition and provisions for social security benefits. The platform has also drafted a model Domestic Workers Regulation of Work and...

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How much the richest 1% earn and spend -Pramit Bhattacharya

-Livemint.com 98% of the top percentile own either a car or a two-wheeler, shows a PRICE Survey on India’s consumer economy The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative Survey, the Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° Survey) conducted in 2016. Given that these income estimates...

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India's richest 20% account for 45% of income -Pramit Bhattacharya

-Livemint.com Middle India is largely rural and uneducated, shows the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ New Delhi: India’s richest quintile accounts for 45% of aggregate household disposable income while the poorest quintile earns barely 7% of the aggregate income pie, according to the latest data from a nationally representative Survey conducted this year. The Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° Survey), covering 61,000 households,...

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There is a human cost of development projects, says new report

The term 'development' holds a positive connotation for most policymakers. However, there are examples abound, which indicates that development also cause enormous misery to the people, particularly the poor and the marginalized. Take for instance, the organizing of 2010 Commonwealth Games, due to which massive infrastructural development in the national capital was undertaken when Sheila Dikshit was the Chief Minister of Delhi. It has been estimated that almost 2 lakh...

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