-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...
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Are tribal panchayats in protected areas being illegally converted to municipalities? -Anmol Guptajeff Joseph
-The Hindu Frontline The story of Manuguru in eastern Telangana tells us how this sleight of hand is worked. Manuguru, a small town in eastern Telangana, set a record in April 2022 collecting Rs.1.59 crore in Property Taxes. It even made it to the list of top performing municipalities in the State by achieving more than 95 per cent of its annual Property Tax collection target. However, the fact is that Manuguru,...
More »Tamil Nadu Government To Revise Property Tax, Chief Minister Explains Why
-PTI/ NDTV.com "I appeal to the opposition (AIADMK, BJP) parties and our allies (Congress, left parties) not to politicise but stand by the government in facilitating the local bodies to take up pro-people initiatives," MK Stalin said. Chennai: Tamil Nadu Chief Minister MK Stalin on Wednesday said his DMK government was constrained to revise the Property Tax to ensure funds flow to the newly elected civic bodies so as to facilitate developmental...
More »G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »Control over family wealth among Meghalaya women increases political activity, study finds -Rachel Brule and Nikhar Gaikwad
-ThePrint.in Researchers from Boston and Columbia universities studied Meghalaya's matrilineal tribes to find that women are more politically active than men when wealth passes from mother to daughter. In most societies around the world, women participate in politics at lower rates than men. Research shows that women also have a distinct set of economic policy preferences, prioritising government-led taxation and redistribution of wealth more than men. Scholars have long debated whether cultural...
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