-The Economic Times Blog The massive increase in expenditure on irrigation in this year’s Budget has raised hopes that more water will flow into fields. This can drought-proof the farmer, increase crop output and lead to greater rural prosperity, which, in turn, will generate demand for all kinds of goods and services. So, everybody will live happily ever after. Not so simple. While higher spending on irrigation is a good beginning, a lot...
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In a Hole: Political realities blunt Narendra Modi’s attack on the NREGA -Manas Roshan
-CaravanMagazine.in Political realities blunt Narendra Modi’s attack on the NREGA At the end of December 2015, the central rural development ministry was in a state of panic. Nine of India’s largest states had declared drought in several districts. The scant kharif harvest meant many farm labourers, WHO might have been employed on fields, went without work. Water was so scarce that many farms weren’t sowing a winter crop, further diminishing employment...
More »How Twitter helped create Brand Modi -Samarth Bansal
-The Hindu A recent study by researchers at the University of Michigan, published in the Economic and Political Weekly, provides insights into how Prime Minister Narendra Modi’s online image was constructed and evolved over time. By analysing data from @narendramodi Twitter handle — official account of Mr. Modi — researchers found that a combination of carefully crafted tweets and strategic follow-backs to other Twitter accounts helped Modi build a powerful online...
More »Those under watch ineligible for income declaration scheme -Vikas Dhoot
-The Hindu The scheme also shuts out ‘innocent’ taxpayers WHO filed returns on time but WHOse cases were chosen for scrutiny to verify claims. Tax payers, WHOse returns were picked for random scrutiny by the authorities in recent years, would not be eligible to turn concealed income into ‘white’ under the Income Declaration Scheme (IDS), announced in the Union Budget to bring black money into the tax net. Experts believe this may...
More »Tax waiver on 'affordable' flats may mean big profits for builders -Nauzer Bharucha
-The Times of India MUMBAI: The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank. Take a hypothetical case: Nothing stops a developer from constructing tiny 300square-foot apartments in tony Napean Sea Road in south Mumbai, selling them at, say, Rs 70,000sq ft, and getting a total tax waiver on profits. Experts say no law...
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