-The Hindu Compensation for last fiscal paid to States using previous years’ balance of cess The Centre made up a 42% shortfall in Goods and Services Tax compensation Cess collection in 2019-20 by using balance of Cess from previous years, plus a transfer from the Consolidated Fund of India. Meanwhile, the GST Council, which was slated to meet this month to discuss the possibility of market borrowing to meet likely future shortfalls,...

-The Hindu Despite being specialists, they are relegated to the margins The Central Board of Direct Taxation (CBDT), a wing of the Ministry of Finance, has initiated disciplinary proceedings against some Indian Revenue Service (IRS) officers for a report they submitted to the government recently. The officers are not corrupt, nor did they abuse any Minister or any functionary of the government. So, what was their crime? A group of 50 IRS officers...

-The Hindu Kerala and Karnataka have shown how democratic decentralisation has worked in their favour Mahatma Gandhi envisioned that a free India would rest on a foundation of gram panchayats, village republics that governed locally and epitomised Swaraj in practice. B.R. Ambedkar was sceptical; he described the caste-ridden, unequal village society as a cesspool. Yet, he was not unequivocally against decentralisation. Locally relevant initiatives The 73rd Constitutional Amendment mandates the constitution of panchayats at...

-Vikalp.ind.in Ministry of Labour & Employment, Govt. of India has amalgamated all the existing social security legislations into a Code. The proposed draft Code on Social Security is presently being referred to Parliamentary Standing Committee on Labour for examination. This commentary highlights the salient features of the proposed code and discusses the areas of improvement and concerns.   After considerable period of deliberations and consultations, the union government has circulated the draft...

-Business Standard/ NIPFP Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy   In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by using incorrectly optimistic numbers for revenue receipts. This year’s Budget is transparent. But the government continues to be heavily fiscally constrained due to inadequate...