-The Indian Express Defence is a national public good. It is the primary responsibility of the Centre. The amendment to the terms of reference (TOR) issued to the Fifteenth Finance Commission asking it to examine “..a separate mechanism for funding of defence and internal security ought to be set up and if so, how such a mechanism could be operationalised,” has triggered some suggestions on the need to have a relook...
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The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets sINCe the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
More »Govt wants to dump excess food grain in Africa -Jitendra
-Down to Earth Food Corporation of India storages are spilling from excess food stocks and the new Kharif procurement season is only a month away The Union government was mulling over selling excess foodgrains to some African countries before the new Kharif procurement season starts next month, according to a government official. “There is a plan under consideration to use foodgrains as diplomatic tools for African countries like Ghana, which is a net...
More »Karnataka slashes traffic fines under MV Act; transport department issues notification
-The Indian Express However, fines for violations such as overspeeding, drunken driving and racing will remain unchanged. Bengaluru: Falling in line with states like Gujarat and Uttarakhand, the Karnataka government has reduced the high traffic fines introduced by the Centre under the Motor Vehicles (Amendment) Act, 2019 by 30-50 per cent. The latest changes come after Chief Minister B S Yediyurappa said last week that he will follow Gujarat’s footsteps in...
More »A rural stimulus: On MGNREGA wage hike
-The Hindu Putting more money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...
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