-The Indian Express The department is employing what it calls a “360 degree profiling” of taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...
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Fasal Bima Yojana needs fine-tuning -Rajalakshmi Nirmal
-The Hindu Business Line Short tenure of the policy is its biggest drawback. With El Nino expected to mar the monsoon this year, insurers may stay away A normal monsoon in 2016, after two years of drought, has not only led to a bountiful harvest for farmers, but also filled the coffers of private insurers. The Kharif 2016 season resulting in lower claims has helped private insurers in particular rake in good profits...
More »Farm loan waivers a bad idea: RBI governor Urjit Patel
-The Times of India MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet. Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. "It undermines honest credit culture, it impacts credit...
More »People without surnames face problems in linking Aadhaar with PAN -TK Rohit
-The Hindu A large number of people, especially those in the south of the country, feel hassled by the Centre’s decision making Aadhaar mandatory for filing income tax returns and linking their PAN with it. Unlike the rest of India where people use surnames, most people in the South use initials either before or after their names. This has created a unique problem, which the Centre has not thought out clearly. While providing...
More »Young India Is Conservative: Opposed To Homosexuality, Likes To Marry Within Their Caste, Wants A Government Job -Rukmini S
-Huffington Post A majority believed that religion (47%) should take precedence over science (33%). Socially conservative, religiously inclined, worried about jobs - a new nationally representative sample survey of India's youth paints a sobering profile of what young people think and want. Ten years after their FIRst such survey, the Delhi-based Centre for the Study in Developing Societies (CSDS) and Konrad Adenauer Stiftung (KAS), a German foundation associated with a political party,...
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