-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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CPM in SC over poll bonds
-The Telegraph New Delhi: The CPM has challenged in the Supreme Court the constitutionality of the recently introduced electoral bonds, alleging that it is a "ripe way" of ensuring all kinds of quid-pro-quo arrangements by the ruling party with entities whose identities will not be up for public scrutiny. The matter came up for hearing on Friday and the Supreme Court issued a fresh notice to the Centre. The bench, headed by...
More »Top analysts shoot five big holes in Jaitley's Budget -Amit Mudgill
-The Economic Times NEW DELHI: Investors may be losing sleep over the re-entry of long-term capital gains tax on equities, but analysts feel that the worrylines are actually running deeper than you realise. The mega ambitious healthcare scheme announced in the Union Budget on Thursday is one such point of concern -- which aims to benefit 10 crore poor families for SECondary and tertiary care hospitalisation. Sceptics are having a field day,...
More »Political Messaging Masks Budget 2018's Actual Delivery in the Social SECtor -Yamini Aiyar and Avani Kapur
-TheWire.in Even as schemes have received minimal allocations, this budget signals an important shift in the political narrative. Gone is the focus on jobs, skills, aspirations and empowerment. Arun Jaitley had a difficult choice to make this budget. Maintain fiscal prudence or respond to growing demands for public expenditure in light of growing rural distress and at the same time keeping an eye on 2019. He did this today with great panache....
More »Why the Poor Will Not Be the True Beneficiaries of the 'World's Largest Health Programme' -Dipa Sinha
-TheWire.in While the government claims it “will bring healthcare system closer to the homes of people,” it hopes to do this through the private SECtor, not by strengthening the public health system. Health is being hailed as the biggest winner of Budget 2018, but a cursory look at the numbers shows that there is nothing to celebrate as far as the health budget is concerned. In fact, the Budget this year once...
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