-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
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What makes Jharkhand the hunting ground of human traffickers -Danish Raza
-Hindustan Times About 50 km south of Ranchi, in Khunti district, a narrow dirt road leads to Ganloya village. Makeshift shops selling tobacco and mobile recharge cards are interspersed with thatched huts and tamarind trees in the hamlet of Panna Lal Mahto, allegedly one of India’s biggest human traffickers. Despite the scorching heat, girls play barefoot in a clearing by a rice field. Nearby, a group of men sitting on a charpoy drink...
More »NREGA improving the lives of poor, says study
Although MGNREGA has been looked upon with suspicion by the Government, industry as well as the landed farming class for various reasons including inefficiency, leakages, corruption, rise in rural wages, cost escalation etc., a new report reveals that the programme reduced poverty among its participants between 2004-05 and 2011-12 by providing employment. The report entitled Mahatma Gandhi National Rural Employment Guarantee Act: A Catalyst for Rural Transformation has estimated that...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Drought factor forces NDA government to rethink on MGNREGA -Ruhi Tewari
-The Indian Express The average days of employment provided per household, too, fell to 40.01 from 45.97 in 2013-14 and 46.20 in 2012-13. From Prime Minister Narendra Modi’s public barbs against its being a “living proof” of 60 years of Congress misrule, to a proposal now for extending the annual work entitlement to 150 days in drought-affected areas, the BJP-led government’s disposition towards the Mahatma Gandhi National Rural Employment Act (MGNREGA)...
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