-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
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88 lakh taxpayers didn't file returns in year of noteban, 10-fold jump over previous year -Khushboo Narayan
-The Indian Express The spike in stop filers, according to officials, could be due to loss of jobs or drop in income due to fall in economic activity following demonetization of Rs 500 and Rs 1,000 notes. Claiming the success of demonetisation in increasing tax compliance, the government said it added 1.06 crore new taxpayers in the financial year 2016-17, almost 25 per cent more than the previous year. Records accessed by...
More »42% India's Land Area Under Drought, Worsening Farm Distress In Election Year -Angarika Gogoi
-IndiaSpend.com Bangalore & New Delhi: About 42% of India’s land area is facing drought, with 6% exceptionally dry--four times the spatial extent of drought last year, according to data for the week ending March 26, 2019, from the Drought Early Warning System (DEWS), a real-time drought monitoring platform. Andhra Pradesh, Bihar, Gujarat, Jharkhand, Karnataka, Maharashtra, parts of the North-East, Rajasthan, Tamil Nadu and Telangana are the worst hit. These states are home...
More »Limits of handout politics -Rama Bijapurkar and Rajesh Shukla
-The Indian Express Congress may be talking to economists and experts. But is it listening to the voter? Congress president Rahul Gandhi’s plan for a “surgical strike on poverty” is built around some key numbers: Rs 12,000, the target minimum monthly income for a household; 5 crore households (amounting to 20 per cent of all Indian households); Rs 6,000, their average monthly earning; and therefore, Rs 6,000, the monthly amount required...
More »Proposal for job guarantee scheme in small towns -Priscilla Jebaraj
-The Hindu The proposal, a version of which has been previously presented to the Congress and to a foundation working with other Opposition parties, has been released in a policy paper titled ‘Strengthening towns through sustainable employment’. With rising unemployment becoming a major poll issue, and several political parties proposing solutions for it in their election manifestos, a group of labour researchers have proposed a national urban job guarantee programme for small...
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