-Down to Earth Food Corporation of India storages are spilling from excess food stocks and the new Kharif procurement season is only a month away The Union government was mulling over selling excess foodgrains to some African countries before the new Kharif procurement season starts next month, according to a government official. “There is a plan under consideration to use foodgrains as diplomatic tools for African countries like Ghana, which is a net...

-Newsclick.in This bounty for corporate houses comes at a time when common people are reeling under a slowdown, joblessness is at record levels and incomes are stagnating. Continuing her series of press conferences, that are becoming like a treasure hunt for corporates, finance minister Nirmala Sitharaman announced today that corporate tax rates will be slashed from the current 30% (average) to 25.17% including all cess/surcharge. Actually, if no other concession is availed...

-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...

-The Economic Times Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. Unlike the...

-Scroll.in In July, the Union government had sent instructions to all state governments to set up detention centres in all major cities. The Devendra Fadnavis-led Maharashtra government has identified land to build the state’s first detention centre for illegal immigrants, Mumbai Mirror reported on Saturday. The home department last week reportedly wrote to the City and Industrial Development Corporation, which is the planning authority for Navi Mumbai, and sought a three-acre plot in...