-TheWire.in The Budget speech pitch of ‘Swastha Bharat’ as ‘Samridha Bharat’ is deception, because the allocation for realising that is missing. Each year when the Budget is tabled in parliament, there is excitement and expectations. Should we say this used to be? Things have changed dramatically over the years. In the good old days, during the Budget session, we would wait excitedly to know about the price hike in petrol, diesel and kerosene....
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No Aadhaar card, no pension for those in UP's old age homes
-The Economic Times BAREILLY / MEERUT (U.P.): Many of us might think that our lives can continue as usual since there is more than a month left to link Aadhaar with various financial accounts and documents. But did you know that there has been an increasing number of cases were people have been denied basic benefits because they do not have the 12-digit unique identity number. In a recent episode, according...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
More »How NDA compares with UPA on government workforce
-HowIndiaLives.com/ Livemint.com The number of government employees under UPA I fell 2.7% and under UPA II rose 3.4%. In the four years of NDA, their count is projected to increase 7.2% by 2017-18 For a government whose stated calling card is “minimum government, maximum governance”, for a government battling to create jobs, its own house paints another picture: in four years under this Bharatiya Janata Party-led National Democratic Alliance (NDA), the number...
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