-TheWire.in As the tenure of the current CAG of India comes to an end in August, just how impactful has the national auditor been in recent times? When Parliament’s budget session for the year 2020 started on January 30, political and economic observers hoped to see tabling of the Comptroller and Auditor General (CAG) of India’s Audit Report on Union Government (Finance Accounts). However, these hopes were dashed when on the third day,...
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India may miss tax collection target for 2019-20 by nearly Rs. 2.5 lakh cr: Garg
-PTI * Subhash Chandra Garg from the tax revenues perspective, 2019-20 is proving to be a dysfunctional year * Former finance secretary says corporate tax, excise duties and Customs are likely to see negative growth in collections in 2019-20 NEW DELHI: The government's tax collection is likely to fall short of its estimate by Rs2.5 lakh crore or 1.2% of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while...
More »Decision to import onions reflects the government's anti-producer bias -Kabir Agarwal
-TheWire.in The move itself reveals a deep-seated pro-consumer and anti-producer bias that has been, in large part, the reason for the agriculture economy being in doldrums. New Delhi: The government has decided to import onions from ‘Pakistan, Egypt, China, Afghanistan or any other origin’, according to a Metals and Minerals Trading Corporation Limited notifications. Some concerns were raised about importing from Pakistan. “And why import from Pakistan? Is the Indian farmer a...
More »India lost over Rs.90,000 crore to trade misinvoicing, says GFI report
-Livemint.com * Of the total estimated revenue losses, approximately $4 billion was due to export misinvoicing and approximately $9 billion due to import misinvoicing * Almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from China New Delhi: India lost a staggering $13 billion, over Rs.90,000 crore, to trade misinvoicing, equivalent to 5.5% of the value of the country's total revenue...
More »India's declining sex ratio: Numbers are not the only deceptive thing
-The Telegraph There is a need to look beyond education as the means to counter the bias against girls Numbers seldom tell their own story faithfully. The civil registration system of birth and deaths in 2016 reveals that there has been a steep decline in the sex ratio at birth in the southern states, known for their high literacy rates. In 2016, Andhra Pradesh ranked with Rajasthan with 806 girls per 1,000...
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