The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year.  Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...

-The Deccan Herald 25 pc quota in pvt schools will open floodgates of opportunities, say children   Private school managements have decided to seek an year’s time for the implementation of the Supreme Court order over providing 25 per cent reservation for students from “weaker sections”. With hardly a month left for the new academic year to start, officials have their hands full, trying to figure out the best way to implement the Right...

Rural secondary school students in the Northeast have better reading and arithmetic skills than the rest of the nation, an education survey has revealed, though the numerical knowledge in some states of the region is below the national average. The survey was conducted by volunteers of the Annual Status of Education Report under a Delhi-based NGO, Pratham, for the Union human resource development ministry. Among the Northeast states, Arunachal Pradesh, Mizoram, Nagaland,...

-IANS The International Labour Organisation (ILO) Monday warned of the emergence of a global jobs crisis, noting that around 50 million jobs that were lost during the financial crisis are still missing today. Despite signs that economic growth has resumed in some regions, the global employment situation is alarming and shows no sign of recovery in the near future, the ILO said in a report entitled "World of Work Report 2012: Better...

Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line. If the average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty linewould be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cutoff. The figures, based on the 66th round...