-TheWire.in In an application seeking to implead itself in the 'freebies' petition, the party said in its first three years, the Narendra Modi government wrote off loans worth Rs 72,000 crore of the Adani Group. New Delhi: The Dravida Munnetra Kazhagam (DMK), the ruling party of Tamil Nadu, said the petition on “freebies” is politically motivated and asked if the BJP-led Union government’s move to waive off loans of companies is not...

-Newsclick.in The government’s brazen class bias is crystal clear, as it gives away national assets built with public money to its favourite capitalists, together with Tax breaks. Junior Minister for Rural Development in the Central government, Sadhvi Niranjan Jyoti, ruled out in Parliament any increase in the amount of monthly pension given by the Centre to the elderly under the National Social Assistance Programme (NSAP). The amount currently being given to each...

-Newsclick.in Children go hungry in India while granaries overflow and corporates get mega tax-breaks. As a child, I never liked eating liver. I would gaze at my plate for ages, as I sat ruminating at the table, well after everyone else had finished their meals. “You are wasting your food,” my mother would scold me, “while children in Ethiopia are dying of hunger.” I am not alone. Almost all of us would...

-The Hindu The stimulus incentives hold promise, but structural reforms are nowhere on the horizon People who have been yearning for major economic reforms from the Narendra Modi government, it seems, will have to wait to have their dreams come true. Finance Minister Nirmala Sitharaman on Saturday presented the third round of stimulus measures to resuscitate the struggling economy, but once again these have largely failed to live up to the initial...

-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....