-TheWire.in Despite government press releases, as of August 2017, there doesn’t appear to have been a substantial increase in the number of new tax payers or direct tax collection as a result of demonetisation. On the morning of August 8, most of our newspapers – both national as well as regional ones – ran headlines about the giant leap in the income tax returns received as well as the increase in advance...
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Fact check: From LPG subsidies to maternity leave, comparing Modi's I-Day claims with the data -Nitin Sethi & Nayantara Narayanan
-Scroll.in The prime minister’s Independence Day speech was more of a laundry list of achievements, with few new announcements. Prime Minister Narendra Modi’s speech on Tuesday was not only his shortest Independence Day address so far, it also had little by way of major announcements. Aside from a few one-liners calling for Indians to change their attitudes and for a different approach to Kashmir, Modi’s annual speech from the Red Fort...
More »Did Demonetisation 'Substantially Increase' Number Of Tax Returns? A FactCheck -Arun Giri
-BoomLive.in In a press release dated August 7, 2017, The Central Board of Direct Taxes claimed that there has been a ‘substantial’ increase in the number of tax returns filed this year ( April 1 – Aug 5, 2017 ) on account of demonetisation. These first sentences from the CBDT press release are important and we will put them under a microscopic scrutiny in the next few paragraphs. As a result of...
More »Economy will decelerate if States resort to farm loan waivers
-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic...
More »Maharashtra cotton farmers worry over pink bollworm attack -Nanda Kasabe
-The Financial Express Pune: This season, the increasing incidence of crop damage by pink bollworm in the early stages of cotton planting has evoked concern among farmers in Maharahstra. Even as the state government administration has asked farmers to remain vigilant on the pest infestation, industry people have raised concerns if farmers could afford the solutions required. Senior scientists at the Central Institute of Cotton Research ( CICR), Nagpur said that...
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