-Outlook Banks are fleecing customers to shore up their profits and offset the dead weight of bad loans to corporates When the GST era dawned this month, online jokesters quipped that it was the most inscrutable thing after Duckworth Lewis. But paradoxically, it may have brought a disquieting clarity to another zone of universal experience. Amid the flurry of news reports detailing what would entail a higher tax of 18 per cent,...
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Pradhan Mantri Fasal Bima Yojana -- a good scheme with flawed implementation, says CSE's latest report
-Centre for Science and Environment New Delhi: Centre for Science and Environment (CSE) released here today the first detailed independent evaluation and analysis of the Pradhan Mantri Fasal Bima Yojana (PMFBY) – government’s flagship national agricultural insurance programme. Across the world, agriculture insurance is recognised as an important part of the safety net for farmers to deal with the impacts of extreme and unseasonal weather due to climate change. Releasing the report...
More »Aadhaar rebels find ways to avoid PAN linkage -Namita Devidayal & Lubna Kably
-The Times of India MUMBAI: In a quiet display of dissent, numerous taxpayers across the country have opted to file their tax returns manually, via snail-mail, rather than get an Aadhaar card. Many others filed their returns online early, prior to June 30, when the Aadhaar linkage was not mandatory. "Technically you should be able to file online even if you don't have an Aadhaar card, but the e-filing system does not...
More »Are crop insurance schemes working? CAG report reveals Ishan Kukreti
-Down to Earth Multiple gaps in implementation of crop insurance schemes may have compromised their purpose of benefitting farmers The CAG audit report of the Centre’s crop insurance schemes has highlighted gaps in their implementation that compromise its purpose of providing financial assistance to farmers. The Comptroller and Auditor General of India (CAG) looked into the performance of two schemes—Modified National Agricultural Insurance Scheme (MNAIS) and the National Crop Insurance Programme (NCIP)...
More »GST effect: Fate of Ludhiana plywood industry hangs in balance -Sumeer Singh
-Hindustan Times Ever since the goods and services tax (GST) was brought to force, there has been a 60% fall in the demand for plywood, owing to the tax rate of 28% on furniture goods. Situated on the outskirts of Ludhiana city in Hambran, is a small plywood manufacturing unit. Until last month, the manufacturing unit had a 110-strong workforce. But now the owner, Wazir Sood, has temporarily laid off 70 workers....
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