-Economic and Political Weekly A debate on the study "A Cost-Benefit Analysis of Aadhaar" conducted by the National Institute of Public Finance and Policy which was discussed in the EPW of 2 February 2013. Sumathi Chandrashekaran, Shekhar H Kumar, Smriti Parsheera, Ila Patnaik, Madhavi Pundit, Suyash Rai, Ajay Shah A debate on the study “A Cost-Benefit Analysis of Aadhaar” conducted by the National Institute of Public Finance and Policy which was discussed in...
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Budget 2013: More power for taxmen faces stiff opposition-Remya Nair and Sahil Makkar
-Live Mint Evasion of duty of over Rs.50 lakh to be made non-bailable offence; arrest provisions under service tax proposed The government may find itself in hot water on budget proposals that make duty evasion beyond a certain threshold a non-bailable offence, allow arrest on suspected withholding of service tax, and provide tax authorities powers to recover dues from a defaulter’s bankers. Although Finance minister P. Chidambaram in his budget presentation on 28...
More »Financial services secretary Rajiv Takru seeks details of top 50 NPAs from state-run banks
-The Economic Times The Finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...
More »Budget ‘pro-rich’, say NAC members-Ruhi Tewari
-The Indian Express Even as Finance Minister P Chidambaram’s Union Budget for 2013-14 is being touted as a ‘balanced’ budget, members of the Congress president Sonia Gandhi-led National Advisory Council (NAC) have criticised it for not having done enough for the social sector. They feel the budget, which comes just ahead of the Lok Sabha elections due next year, falls short on delivering to the less advantaged groups and is relatively...
More »On the NIPFP Response-Reetika Khera
-Economic and Political Weekly Before I take issue with some of the points made in the NIPFP response to this comment, it may be useful to recapitulate a few points on which there appears to be agreement: (1) Aadhaar-integration can resolve only certain types of leakages, for which reliable data is unavailable; this was not adequately accounted for in the cost-benefit exercise; (2) the NIPFP study has a fragile basis (in...
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