-The Hindu Business Line There are no schemes for much of agriculture, and small ruminants have been ignored. The Economic Survey had a full chapter on agriculture and food management issues. It had a separate section on small ruminants for the first time, and also showed that only one of the ongoing schemes for the livestock sector attends to their concerns. The Budget provides for creating a fund for upgrading of traditional industries...
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New offshore records reveal several Indian firms tapped Mauritius route to save on taxes -Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar and Sandeep Singh
-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and bank statements that...
More »Opposition attacks Modi govt's new labour law, calls it a fraud on workers -Krishnanand Tripathi
-The Financial Express Labour Laws: The new code proposes to merge four laws but it has come under criticism from the opposition. The Code on Wages, 2019: The Opposition has come down heavily the Code on Wages, 2019 introduced in the Lok Sabha on Tuesday, terming it anti-worker. The legislation introduced by labour minister Santosh Gangwar leaves fixing of minimum wages to state governments instead of recommending a national minimum wage. The...
More »Why states are demanding more from the 15th Finance Commission - Nikita Kwatra and Pramit Bhattacharya
-Livemint.com Transfers to states are stagnating at a time when developmental demands on state governments are rising Five years ago, when the 14th finance commission recommended an increase in devolution of funds to state governments and a hike in the share of untied funds they received, it was heralded as a new era for fiscal federalism in the country, and one that would significantly empower state governments at a time when they...
More »Six reasons why the Economic Survey's presentation of MGNREGA is misleading -Rajendran Narayanan & Rakshita Swamy
-The Hindu The Economic Survey presents an unbalanced view of the technical interventions in MGNREGA A chapter in the recent Economic Survey on the “transformational” impact of Aadhaar on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) merits scrutiny. It presents a skewed and unbalanced view of the programme’s technical interventions instead of taking a comprehensive view of the implementation. The Survey draws heavily from the Indian School of Business’s working...
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