-The Times of India BHOPAL: When it comes to purse power, it’s wives of Madhya Pradesh’s heavyweight politicians who tip the scales. Affidavits filed before Election Commission show that wives of more than half of the prominent leaders, from either side of political divide, earn more than their husbands. This includes chief minister Shivraj Singh Chouhan, whose wife Sadhna Singh has an annual income of Rs 37 lakh — nearly twice as...
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2 years of demonetisation: Whopping 60% Indians say black money is back to full scale -Pragya Srivastava
-The Financial Express A whopping 60% Indians said that black money in the country has not died; in fact, its circulation is going to only increase before the 2019 General Elections, a survey by LocalCircles showed. Two years of demonetisation: Two years ago, when 125 crore Indians glued to their television screens desperately awaiting a surprise address by the Prime Minister of India, little did they know that he was going to...
More »India's wealthy barely pay taxes -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org India is often mistakenly seen as a country with relatively low economic inequality. In fact, there were always very significant economic inequalities in India, which intersected with social and locational inequalities in complex ways. More significantly, the country’s inequalities widened after the internal and external economic liberalization measures from the early 1990s, which attracted global financial investors and boosted economic growth considerably. The estimates of low inequality are usually based on...
More »How GST and demonetisation impacted govt finances -Tadit Kundu
-Livemint.com Tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year’s fiscal deficit target Mumbai: Widening the tax base and collecting more taxes has been a priority for the current government at the centre. This government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these...
More »Who pays taxes and who doesn't -Ram Singh
-The HinduThe number of tax returns filed has gone up but collections have not shown a commensurate increaseThe Central Board of Direct Taxes has released the latest data on Income Tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY...
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