-The Hindu Consumers in Tier-I and II cities will have to submit affidavits to their LPG distributors stating that their annual income is below Rs.10 lakh to continue to receive cooking gas subsidy, according to Oil Minister Dharmendra Pradhan.“In the Tier-I and Tier-II cities, when somebody comes to refill gas, they are asked to sign an affidavit regarding their income,” the Minister said. “It is a matter of trust. We have to...

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

-BBC French economist Thomas Piketty says there is still a "huge" gap in data about Income Tax in India. Official figures just released show only 1% of Indians paid tax in 2013, while 2% filed a tax return. Prime Minister Narendra Modi tweeted that publishing the data was a "big step towards transparency and informed policy-making". But Mr Piketty told the BBC the data was too thin to draw significant conclusions about levels of...

-The Times of India Gandhinagar: The delayed implementation of the National Food Security Act (NFSA) by the Gujarat government from April 1 has thrown up a rather unappetizing truth. More than 1.58 lakh people with permanent government jobs, four wheelers, five or more acres of land, monthly income of Rs 10,000 and paying income-tax -- were feeding off wheat and rice at Rs 2 per kg and highly subsidized sugar and kerosene...

-The Hindu Business Line A national platform for agri-produce can be a game-changer. But persuading States is key Most political regimes in India brand themselves as pro-farmer, and so it is ironic that the country’s market for agricultural produce is among its least liberalised. Given the perishable nature of agri-produce, the farmer is already up against structural constraints such as lack of scale economies and the rudimentary state of storage and logistics...