-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...
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India’s ‘Panama Papers’ on shell firms, tax loopholes gather dust -Gopikrishnan
-DailyPioneer.com Tax firm’s leaked data includes correspondences with 33 Cos, HNWIs India’s own ‘Panama papers’ are gathering dust with law enforcement agencies and the Delhi High Court (HC). The 1.5 GB leaked data belongs to the tax consulting firm Nishith Desai Associates and includes controversial tax-related correspondences involving 33 of India’s biggest corporates and several high-net-worth individuals (HNWIs). A Delhi-based whistle-blower, who is a software engineer, first got the sensational data and communications...
More »Inflation remains above 6% for second month
-The Hindu Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...
More »Jean Drèze, economist and honorary professor at the Delhi School of Economics, interviewed by Down to Earth
-Down to Earth The Government of India amended the payment procedure for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) some time ago. Due to this, MGNREGA workers in the states and Union territories faced a delay in their wage payment. This delay came at a time when the second wave of the novel coronavirus disease (COVID-19) was wreaking havoc across the country. MGNREGA was started in 2006. Economist and honorary...
More »UP law panel moots proposals to promote two-child norm -Omar Rashid
-The Hindu Bar on government jobs and welfare benefits for those who have more children. The Uttar Pradesh State Law Commission has prepared a proposed draft Bill for population control, under which a two-child norm will be implemented and promoted. After the law comes into force, a person with more than two children will be debarred from several benefits such as government-sponsored welfare schemes and from contesting elections to the local authority or...
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