-Live Mint Govt reiterates it will crack down hard on tax evaders, defends steps introduced in Finance Bill to check evasion The government on Tuesday reiterated its intention to crack down hard on tax evaders and defended some of the stringent provisions introduced in the Finance Bill last week to check evasion, including granting wider powers of arrest to taxmen and making certain offences non-bailable. Finance minister P. Chidambaram, in his budget speech...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »More people than ever have hearing loss that can be improved or treated, UN reports
-The United Nations More than 360 million people have disabling hearing loss, according to new global estimates released by the United Nations World Health Organization (WHO), which adds that production of hearing aids is not keeping up with the urgent demand. “Current production of hearing aids meets less than 10 per cent of global need,” WHO’s Shelly Chadha of the Department of Prevention of Blindness and Deafness said in a news release...
More »It's time to give women more tax sops -Prabhakar Sinha
-The Times of India It isn't just foreign investors who would have remembered the last Budget as a tough one. Even women lost out as the government withdrew tax benefits that were introduced in the form of higher tax exemption limit in 2000-2001. In 2000-01, Yashwant Sinha, the then finance minister, had introduced a special provision under which the basic tax exemption limit for women was pegged higher than that for men....
More »Abandoning the Right to Food-Ankita Aggarwal and Harsh Mander
-Economic and Political Weekly The proposed legislation on the National Food Security Act has been steadily watered down since it was fi rst mooted in 2009. The Parliamentary Standing Committee that examined the 2011 Bill has disappointingly continued with "targeting". If the government passes the bill incorporating the committee's suggestions, a historic opportunity to combat hunger and malnutrition would be lost. Ankita Aggarwal (aggarwal.ankita87@gmail.com) is a Research Scholar at the Centre for...
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