-Scroll.in Non-profit organisations will now have to renew their registrations under the Income Tax Act every five years. On February 1, when Finance Minister Nirmala Sitharaman introduced the Budget in Parliament, she presented a number of amendments under the Finance Bill 2020. Some of these alter the validity of registrations granted to Indian non-governmental organisations. The Bill, which will come into effect on June 1, amends certain sections under the Income Tax...
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Making agriculture future ready: How Modi's 'Gram Sadak' scheme is helping
-Financial Express Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. FM in her Budget announcement said that the centre will “encourage” state governments if they implement reforms for agriculture. Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. Under the third phase of PMGSY (Pradhan Mantri Gram Sadak Yojana), the government...
More »A brief exercise in not taking the Economic Survey 2020 seriously -S Subramanian
-TheWire.in This survey was about wealth and entrepreneurship and free markets and privatisation, not about poverty or inequality or public employment schemes. This is a quick summary review of the latest Economic Survey (2019-20). I have to admit that this quickly-written assessment is a product of an equally quickly-read Survey. If I have not quite pored over it, it is because I found no evidence in the Survey to suggest that it...
More »Budget again reveals structural fiscal constraint -Rathin Roy
-Business Standard/ NIPFP Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by using incorrectly optimistic numbers for revenue receipts. This year’s Budget is transparent. But the government continues to be heavily fiscally constrained due to inadequate...
More »What economic slump really means for workers -Shiv Inder Singh
-Newsclick.in Punjab is industrialised and its agriculture is mechanised. The state is in the grip of a downturn which has hurt the migrant poor most. The Union Budget is the talk of the town, but the economic downturn is not. The prevailing economic situation has hurt all sectors of the business and economy. One symptom of the downturn is that unemployment has broken a 45-year record. Even if these facts are known,...
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