-Business Standard Reportedly, Bibek Debroy suggested to tax agricultural income, which led to a public outcry Over the past few days, India’s agriculture has received much public attention for two apparently contradictory concerns. The first issue was the possibility of taxing agricultural income. NITI Aayog member Bibek Debroy reportedly suggested this move for widening the tax base and pruning exemptions. However, this led to a massive public outcry and within a few...
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Government to step up mergers in PSU banks: Arun Jaitley
-The Times of India NEW DELHI: The Centre will pursue more mergers in the state-run banking space as the aim is to have a handful of strong and bigger banks of international level, finance minister Arun Jaitley has said. "Today banking is not what it used to be 10-20 years ago... Is it necessary to have 30-32 public sector banks, some of them weak? Obviously not. What will you do with...
More »EC to house panel: State funding won?t help, need radical changes to monitor poll expenditure -Anand Mishra
-The Indian Express Both the EC and the Law Ministry have been asked to furnish their written replies at the next meeting. New Delhi: AMID THE demands for state funding of elections, the Election Commission (EC) has categorically told a parliamentary panel that it is “not in favour” of the move. It has, instead, called for “radical changes” in the “provisions regarding receipt of funds” and expenditure by political parties to...
More »Modi Government's Tech Fetish is Diluting MGNREGA's Accountability -Siraj Dutta
-TheWire.in Most technocratic interventions introduced in MGNREGA appear to be designed to aid administrators rather than for actually helping workers. In his 2017-18 Budget speech, finance minister Arun Jaitley asserted with great conviction that the ruling dispensation’s “initiative to geo-tag all MGNREGA assets” to put them “in public domain has established greater transparency”. In 2016-17, the rural development ministry started an initiative called ‘GeoMGNREGA’, under which it was proposed that all assets created under...
More »Aadhaar-PAN linkage meant to plug tax leaks, says SC -Krishnadas Rajagopal
-The Hindu We as citizens are like that... we don’t want to pay taxes, shame on us: Justice Sikri Slamming a tendency in the country to evade taxes, the Supreme Court referred to the mandatory linking of Aadhaar to the Permanent Account Number (PAN) and Income Tax returns as an instance of the government’s efforts to bring “new and new laws to stop leakages.” “When tax evasions are there, the government will try...
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