-The Times of India blog The Prime Minister expressed concern about ‘population explosion’ in his Independence Day speech, and referred to those with small families as patriotic, ‘responsible citizens’. Last month, BJP MP Rakesh Sinha introduced the Population Regulation Bill, 2019, in the Rajya Sabha. He later claimed that his Bill was not aimed at any religion, caste or community. Regardless, the Shiv Sena targeted a section of the Muslims for...
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Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Biscuit-maker Parle says it may have to sack 8,000 to 10,000 workers amid slowdown in sales
-Scroll.in The company said higher taxes in the GST system had forced it to increase prices. It caused consumer demand to fall. Biscuit maker Parle Products Private Limited on Tuesday said it may lay off almost 10,000 employees if the demand slowdown continues, The Economic Times reported. “We have sought reduction in the Goods and Services Tax on biscuits priced at Rs 100 per kg or below, which are typically sold in...
More »Corporate tax reduction: They already pay much less than required effective -Subodh Varma
-Newsclick.in Effective tax rate for Big Business in India was 26.3% although statutory rate is 34.6%, according to Budget documents. There is a proposal that corporate taxes should be reduced to 25% from 30%. According to reports, this has been mooted in a report submitted to the finance minister by a panel headed by Akhilesh Ranjan, member of the Central Board of Direct Taxes (CBDT). However, data on corporate taxes put out...
More »Raghuram Rajan issues warning alert for Modi govt on economy
-BusinessToday.in According to former RBI Governor Raghuram Rajan, the slowdown in the economy "very worrisome", and he called for pressing reforms to boost the economy and energise the private sector to invest as well as a fresh look at the way GDP is being calculated Former RBI Governor Raghuram Rajan has said the economic slowdown in India is "very worrisome" and has called for a fresh look at the way GDP is...
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