-The New Indian Express There were also Reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily Reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of Reports that...
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Corporate tax reduction: They already pay much less than required effective -Subodh Varma
-Newsclick.in Effective tax rate for Big Business in India was 26.3% although statutory rate is 34.6%, according to Budget documents. There is a proposal that corporate taxes should be reduced to 25% from 30%. According to Reports, this has been mooted in a report submitted to the finance minister by a panel headed by Akhilesh Ranjan, member of the Central Board of Direct Taxes (CBDT). However, data on corporate taxes put out...
More »What happened to poverty during the first term of Modi? -Himanshu
-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...
More »Data on AES related deaths in Bihar during May-June this year is fraught with confusion
In the month of June this year, encephalitis related deaths in Bihar's Muzaffarpur district grabbed the headlines. Actually, most of the children, who were admitted or died at Shri Krishna Medical College and Hospital (SKMCH), hailed from East Champaran, Vaishali, Sitamarhi and Samastipur apart from Muzaffarpur. Unfortunately, till recently official data on the number of cases and deaths related to Japanese Encephalitis (JE) and Acute Encephalitis Syndrome (AES) was unavailable for...
More »India's rush for nuclear power may destroy Nallamala forest ecosystem -Charan Teja
-TheNewsMinute.com From affecting wildlife to threatening Chenchu tribes, this is what India’s nuclear power goals can do to Telangana’s Nallamala forest. There is a clear difference in the surroundings as one approaches the Nallamala forest in Nagarkurnool Telangana; the breeze is cooler, and the lush greenery takes over both sides of the road. Seated in the heart of the gigantic forest is the Amrabad Tiger Reserve, one of the biggest in...
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