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India moving: In the times of NRC, a look at where the migrants fit in -Ravish Tiwari

-The Indian Express Census 2011 counted 14.2 crore migrants in the decade preceding it, intra-district to inter-state. Women moved for marriage, men for work, economic reforms drove the change, and Surat emerged as No. 3 destination while Chennai fell far behind. In a country with a long and often violent history of sons-of-the-soil politics, migration is a politically fraught issue. From the attacks on south Indians in Mumbai in the 1960s...

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New offshore records reveal several Indian firms tapped Mauritius route to save on taxes -Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar and Sandeep Singh

-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and bank statements that...

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World Bank study on PMGSY: 'Rural roads scheme triggered shift from farm to non-farm employment'

--The Indian Express PMGSY was rolled out in 2000 to provide access to all-weather roads in 1.78 lakh rural habitations across the country. New Delhi: A recent independent World Bank assessment of the Pradhan Mantri Gram Sadak Yojana (PMGSY) rural roads programme meant to establish ‘farm to market connectivity’ shows that the PMGSY roads, in fact, “triggered a shift from farm to non-farm employment” in the habitations studied between 2009 and...

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From Plate to Plough: A win-win deal -Ashok Gulati

--The Indian Express Replacing subsidies with direct cash transfers to farmers’ accounts will empower them as well as consumers. In her budget speech, the Union finance minister (FM) said: “At the centre of everything that we do, we keep gaon, garib aur kisan in mind.” Here then is a small mantra for her to transform the lives of the kisan and the poor in rural areas. Just streamline the food and...

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A new mandi tax -Harish Damodaran

-The Indian Express A 2 per cent TDS on cash withdrawals beyond Rs 1 crore may hit the farm trade hard. One of the 2019-20 Union Budget’s less-discussed proposals, having significant implications for agricultural trade, is the levy of a 2% TDS (tax deducted at source) on cash withdrawals exceeding Rs 1 crore in a year from any bank account. The levy — aimed at promoting “digital payments” and a “less cash...

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