-IndiaSpend This puts in peril the government's target to achieve 25 billion digital transactions in 2017-18 The value of digital transactions nationwide declined marginally (1.5%) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI). The data do not cover all transactions across all banks. But, card...
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India ranks 131 on Human Development Index, Norway No.1 -Elizabeth Roche
-Livemint.com India’s Human Development Index score falls 27 % due to regional disparities in education, health parameters and living standards within the country New Delhi: India’s human development index (HDI) ranking for 2015 puts Asia’s third largest economy among a group of countries classed as “medium” in the list as opposed to “low” in the 1990s, thanks to factors like an increase in life expectancy and mean years of schooling in the...
More »Law matters, not PM's word: A-G to SC on Note Ban deadline -Utkarsh Anand
-The Indian Express "There is no question of PM’s speech...if PM says March 31, 2017 but the law says December 30, 2016, the law will prevail over the PM. Let’s be clear about that first," the A-G submitted before a bench led by Chief Justice of India J S Khehar The Central government’s top law officer, Attorney General Mukul Rohatgi, told Supreme Court Tuesday that the “law will prevail over” Prime Minister...
More »Rs 6,000 crore and counting: Windfall from tax on stashed cash after Note Ban -Dhananjay Mahapatra
-The Times of India NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up. Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own...
More »SY Quraishi, former Chief Election Commissioner, interviewed by Vrinda Gopinath (Scroll.in)
-Scroll.in In this environment of majoritarianism, we must seriously consider proportional representation, adds SY Quraishi. SY Quraishi, who was Chief Election Commissioner from July 2011 to June 2012, is known to be outspoken about several issues regarding electoral reform both when he was in the Election Commission and after he retired. He has asked for public funding of political parties, putting an expenditure cap on them, financial transparency among parties, and...
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