-The Telegraph The obvious question: if the cash withdrawal isn’t designated as “income”, how can you tax it under the “income” tax act? The Narendra Modi government has left tax consultants and legal eagles deeply puzzled as they try to wrap their heads around the legalese of a change to the income-tax act. The change, incorporated in the budget presented by Nirmala Sitharaman and amended afresh on Thursday, Mandates banks to deduct a...

-The Hindu The institution can play an important role in refreshing India’s fiscal federalism India’s Constitution-makers thought of India as a union of States with a centripetal bias, done, advisedly, to preserve the unity and integrity of a newly fledged nation. Since then, the Indian economy, polity, demography and society have undergone many changes. The new aspirational India is now firmly on a growth turnpike. It is in this context that we...

-The Indian Express While the UP government has not specified the 27 universities that will be brought under the ambit of the proposed Ordinance, the UGC lists 29 private universities in the state as on November 2018. Lucknow: The draft of a new Ordinance cleared by the Uttar Pradesh Cabinet Tuesday includes a provision which Mandates an undertaking by new and existing universities that they will not be involved in or...

-The Hindu Justice Joseph cites information law as government seeks to keep Rafale pricing details under wraps An all-out effort by the government to claim privilege and push the Rafale jets’ pricing details back into the dark zone was met with a stoic counter from Justice K.M. Joseph in the Supreme Court on Thursday. The government’s reasons to hush the Rafale prices ranged from national security to not upsetting a “solemn undertaking” given...

-The Hindu Business Line If regulation turns supportive and the RBI Mandates banks to lend against the electronic negotiable warehouse receipts (eNWRs), they may soon take off Two weeks ago, I was in Suryapet district of Telangana. Here’s a short story of an English-speaking farmer from there, who greeted me with “good afternoon’ as I wished “namaskaram”. Venkateshwara Rao hails from Chinna Nemila village in Maddirala tehsil. He has a five-acre land on...