-Business Standard/ India Spend For the first time sINCe Independence, India saw a shift of surplus labour from agriculture to the non-agricultural sectors Although INCome mobility improved country-wide in the seven years to 2012, the progress was unequal between states, while the likelihood of children pursuing the same occupation as their fathers declined for those employed in the low productivity agricultural sector, noted a January 2019 study on economic mobility. Farmers’ children were...

-The Telegraph The obvious question: if the cash withdrawal isn’t designated as “INCome”, how can you tax it under the “INCome” tax act? The Narendra Modi government has left tax consultants and legal eagles deeply puzzled as they try to wrap their heads around the legalese of a change to the INCome-tax act. The change, INCorporated in the budget presented by Nirmala Sitharaman and amended afresh on Thursday, mandates banks to deduct a...

-Press statement by NREGA Sangharsh Morcha dated 19 July, 2019 While it is heartening that a discussion on rural development lasted for nine hours in Parliament with important issues on MGNREGA being raised, we are deeply disappointed at the statement of the Rural Development Minister that not only displays a lack of understanding of the program but also betrays the clear anti-poor sentiment of this government. On the central issue of inadequate...

-PTI In a new paper 'Validating India's GDP Growth Estimates', Arvind Subramanian said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis. New Delhi: Sticking to his analysis that India’s economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government...

  During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...