-Livemint.com One-off gains from Income Disclosure Scheme 2016 call for scepticism about any immediate claims of Demonetisation having widened India’s income tax net News reports have quoted government officials making claims about a record increase in the number of income tax payers in 2016-17. Should such claims be seen as a success of Demonetisation in forcing unscrupulous individuals to become a part of income tax net? An analysis of direct tax collection...

-The Telegraph New Delhi: The big red blotch on the Narendra Modi government's report card after three years in power is its dismal performance in job creation - and there are no indications that things will improve in the near future. Cold statistics from the government's labour bureau show that job growth plummeted in key sectors to its lowest levels in eight years in calendar years 2015 and 2016 at 1.55 lakh...

-Livemint.com In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the...

-The Hindu PoS devices’ demand falls on remonetisation, user charges Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI). The trend assumes significance six months after the Centre announced Demonetisation of ?500 and ?1,000 notes on November 8. The near-completion of the remonetisation process and merchants...

-Hindustan Times The slide in recruitment from what are considered premier technical institutes reflects the possible impact of the economic downturn in India as also globally One of every three IITians graduating this year either didn’t find a suitable job or wasn’t found suitable for a job through campus placement, official data show, pointing to shrinking employment opportunities for India’s large pool of engineering talent. Only 66% of those who made themselves available...