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50% of states expected to approve GST by early September -Sidhartha & Surojit Gupta

-The Times of India NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax (GST) by early September, the Centre is now moving to the next stage — deciding on the contentious issue of fixing the rates — so that the ambitious reform initiative is in place by April. Sources said the finance ministry is set to hold consultations on the...

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How many traders does India really have? -Sachin P Mampatta

-Livemint.com Revised tax data reveals the numbers of traders to be a small proportion of the 20 million demat accounts required for trading in the stock market Revised tax data that seeks to clarify the number traders in the stock market actually raises more questions than it answers. There were 590,000 individuals who recorded short-term capital gains or losses during FY12, according to the previous tax data released in April. The maximum...

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Plan to track ghost faculty in medical colleges -GS Mudur

-The Telegraph New Delhi: India's regulatory body for medical education, beleaguered by allegations of corruption and performance failures, today announced plans to create a digital register of doctors across the country and track ghost, or fake, faculty in medical colleges. The Medical Council of India (MCI) will update its national register of medical practitioners within six months and use a computer network to monitor in real time the daily attendance patterns of...

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Keep a watch on food inflation

-The Hindu  The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....

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From plate to plough: Seeds of change - Shweta Saini & Ashok Gulati

-The Indian Express On Independence Day, we salute our freedom fighters. We also remember Lal Bahadur Shastri who gave us the slogan, jai jawan, jai kisan.   PM Modi needs to move from slogans to action to transform agriculture.   Atal Bihari Vajpayee expanded the slogan to jai jawan, jai kisan, jai vigyan. The present government has an array of slogans for the farmers. Prime Minister Modi has coined so many — swacchh bharat,...

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