-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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Supreme Court reserves order on CVC, VC appointments
-The Indian Express The Centre has defended their appointments, saying it was cleared unanimously by a three-member committee comprising the PM, Home Minister and Leader of Opposition. New Delhi: The Supreme Court on Thursday reserved its order on a petition challenging the appointment of former Central Board of Direct Taxes (CBDT) head K V Chaudhary as Chief Vigilance Commissioner and former CMD of Indian Bank T M Bhasin as Vigilance Commissioner. A...
More »Supreme Court to govt: What action against MPs over assets?
-The Asian Age The Central Board of Direct Taxes had been taking action whenever it found there were unexplained known sources of income. New Delhi: The Supreme Court on Wednesday asked the Centre to furnish details of the action taken against MLAs and members of Parliament whose assets had grown manifold during the intervening period between one election to another. A bench of Justices J. Chelameswar and S.A. Abdul Nazeer passed this order...
More »As netas get mega rich in 5 years, SC seeks report -Amit Anand Choudhary
-The Times of India NEW DELHI: The exponential rise in the assets of MPs and MLAs during their tenure as lawmakers has come under judicial scanner with the Supreme Court on Wednesday directing the Centre to file a comprehensive report on what action or probe it has conducted against 289 legislators, including some senior leaders. The MPs and leaders who figure on the list are from all parties and in some cases...
More »If Anything, Demonetisation Slowed the Rate of Increase in Income Tax Base -James Wilson
-TheWire.in Year-to-year growth in the number of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation). I am finally able to resolve the jigsaw puzzle of the number of tax payers added during FY 2016-17. In my last article in response to the clarifications issued by the Ministry of Finance on August 18, I pointed out the inconsistencies in their response. For instance, “Instead...
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