There is a general perception that men are the primary breadwinners and, therefore, they are the ones responsible for fending for their families. However, recently released data from the population Census 2011 shows that around 3.3 crore households in the country are headed by women. In other words, overall there are 13.2 percent female-headed households (See Chart 1). The Census data shows that there are 59.4 lakh single member female-headed...
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Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »Soon, submit income tax return copy to get LPG subsidy -Amitav Ranjan
-The Indian Express The IT Act forbids the income tax department from sharing income details of an assessee unless the Central government specifies an officer, authority or body to receive the data to perform his or its functions under a law. Soon you will have to submit a copy of your income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders. With the voluntary GiveItUp...
More »Farm distress: Monsoon isn’t the only spoiler -Harish Damodaran
-The Indian Express Why the revival of exports matters as much as rains for Indian farmers. It is generally held that the woes of Indian farmers today have had largely to do with extreme weather events. The southwest monsoon failed in both 2014 and 2015. Besides, we had extensive crop damage from unseasonal rain and hailstorms over large parts of north, west and central India in March 2015. From this also follows the...
More »Domestic gas users in major cities need income proof for subsidy claim -TCA Sharad Raghavan
-The Hindu Consumers in Tier-I and II cities will have to submit affidavits to their LPG distributors stating that their Annual Income is below Rs.10 lakh to continue to receive cooking gas subsidy, according to Oil Minister Dharmendra Pradhan.“In the Tier-I and Tier-II cities, when somebody comes to refill gas, they are asked to sign an affidavit regarding their income,” the Minister said. “It is a matter of trust. We have to...
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