-The Indian Express The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms New Delhi: India Inc’s clamour for a stimulus to restart the investment cycle points to a near unanimous view within the industry — that government has to do the heavy lifting first...
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Govt withdraws super-rich surcharge on foreign, domestic equity investors
-PTI NEW DELHI: Buckling under pressure from overseas investors, the government on Friday rolled back the enhanced surcharge imposed on foreign portfolio and domestic investors in Budget 2019-20 as it announced a slew of measures to boost sagging economic growth. "In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No.2) Act, 2019 on long/short term capital gains arising from the...
More »Aadhaar may be used to verify SECC beneficiaries -Yogima Sharma
-The Economic Times NEW DELHI: The government proposes to use Aadhaar to identify beneficiaries under the Socio Economic and Caste Census to weed out frauds and duplication. The rural development ministry will soon launch the exercise to use the 12-digit unique identity number to assess the socio economic status of all the beneficiaries under the second Socio Economic Caste Census (SECC), which is due in 2021. A senior government official told ET on...
More »Content management: On Aadhaar-social media linkage
-The Hindu Courts must let government work out a balanced regulatory regime for online content The submissions in the Supreme Court on behalf of the Tamil Nadu government in support of linking social media profiles of registered users with their Aadhaar numbers are not well-founded in the law as it now stands. It is noteworthy that a Division Bench of the Madras High Court, which is hearing two writ petitions on this...
More »A politically inconvenient data nugget -Puja Mehra
-The Hindu Data on demonetisation’s contribution to the deepening economic slowdown may have been suppressed Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector? On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi...
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