-The Times of India NEW DELHI: Income tax exemptions worth hundreds of crores have been given to hospitals claiming to be charitable institutes, but they may be doing little or no charity, according to a recent report of the Comptroller and Auditor General. CAG has asked for measurable parameters to assess the extent of charitable activities by hospital trusts availing tax exemptions as the public exchequer could be losing crores without...
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Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran
-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...
More »Christian NGOs top in foreign funding -Bharti Jain
-The Times of India NEW DELHI: Kerala-based Ayana Charitable Trust, the new name under which US charity Gospel for Asia is reportedly funding projects in India, has emerged on top of the list of Indian NGOs with the highest foreign funding in 2015-16. It is one of three Christian evangelical NGOs -- the other two being Believers Church India and World Vision India -- that figure among the top four foreign contribution...
More »The Liquid Alternative: The ultimate antidote to farmers' debt woes - dairying -Harish Damodaran
-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...
More »Don't Tell Kanhaiya What To Do Because You Think JNU Runs On Your Taxes -Sruthijith KK
-Huffington Post Of all the arguments that have been raised this turbulent spring in our country, one stands out as egregiously vulgar. It evokes in me the moral equivalent of the middle-ear reflex to high intensity sounds, which has a special place in the hierarchy of unpleasant sensations. It's the tax nationalism argument. In essence, it's this: How dare students benefitting from subsidized education funded by OUR tax money hold opinions that...
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