-Newsclick.in Effective tax rate for Big Business in India was 26.3% although statutory rate is 34.6%, according to Budget Documents. There is a proposal that corporate taxes should be reduced to 25% from 30%. According to reports, this has been mooted in a report submitted to the finance minister by a panel headed by Akhilesh Ranjan, member of the Central Board of Direct Taxes (CBDT). However, data on corporate taxes put out...
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Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, Budget Documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »Union Budget: At the bottom of the page lie Nirmala's deficit secrets -Devadeep Purohit
-The Telegraph Sitharaman spun a narrative, listed some intent but did little to give the economy a much-needed push The nation had swooned over Narendra Modi’s Mazboot Bharat narrative in April-May, giving the BJP a thumping victory in the Lok Sabha polls. The success of the saffron camp in spinning narratives was in full display on Friday when Nirmala Sitharaman rose to present the Union budget 2019-20 that the ruling dispensation in...
More »Modi Pays Tribute to Sanitation Workers After Five Years of Ignoring Them -Rejimon K
-TheWire.in Government documents and budget data reveal that the prime minister's feet-washing act is just optics. On Sunday, a video uploaded by Prime Minister Narendra Modi on his personal Twitter account showed him washing the feet of four safai karamacharis in Prayagraj, Uttar Pradesh. Within two hours, 19,000 Twitter users had liked it, 7,200 had retweeted it and 1,700 had commented on the link. Uploading the video, Modi had tweeted that washing the...
More »Why the Pradhan Mantri Kisan Samman Nidhi scheme will be hard to implement -Priscilla Jebaraj
-The Hindu * What does the scheme offer? The Pradhan Mantri Kisan Samman Nidhi scheme, announced in the Budget earlier this month, aims to give ?6,000 a year to 12 crore farmer families who own up to two hectares of cultivable land. * What are the challenges? The number of beneficiaries comes from the number of land holdings of two hectares or less, according to the last agricultural land census. However, the guidelines say...
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