If broad and deep reforms are not carried out alongside creating institutions of eminence, the government’s proposal stands the risk of reinforcing existing structural inequalities in the education system.
Vinod Dua discusses how the inefficient implementation of the GST is hurting the Indian economy and the clean Ganga campaign.
India’s crowded digital payments market is expected to grow ten-fold to $500 billion by 2020.
Year-to-year growth of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation).
Maintaining an inadequate status quo has been the preferred mode of operating in the defence ministry, and many issues fester.
The price of demonetisation’s “success” is now clear – slowing economic growth. What makes matters worse is that India has made very little headway in solving its twin balance sheet problem.
Economist Arun Kumar explains how demonetisation failed to tackle black money, but had a severely negative effect on the unorganised sector and the white (formal) economy.
Nine months after Prime Minister Narendra Modi announced the demonetisation Rs 500 and Rs 1000 notes, it is clear that his government has not had one single, consistent reason for conducting the notebandi exercise.
Finance minister Arun Jaitley asserted that the government over the last two-three years has made tax evasion difficult and that has come as a “rude shock” to many.
Data shows that post demonetisation – announced on November 9, 2016 – the number of fatal instances in Kashmir have in fact gone up.
Instead of waiting for all the data to come in and making an apples-with-apples comparison, are different numbers being thrown at the public in order to make a political point about the ‘success’ of demonetisation?
In conversation with Karan Thapar on his last day as vice president, Hamid Ansari talked about growing intolerance, aggressive nationalism, the government’s political inaction on Kashmir and more.
While the opposition parties called the variance in Rs 500 and Rs 2000 currency notes the “biggest scam of the century,” the Centre dismissed it as a “frivolous” issue.
Most parts and processes of the industry were largely tax exempt under previous regimes. Stakeholders believe that the transition to GST, which comes with high rates, will severely impact an already struggling sector.
The clause to granting constitutional status to the National Commission for Backward Classes had to be dropped after nearly 30 government MPs were missing from the upper house during the vote.
Finance Minister Arun Jaitley said that these two reforms combined will “certainly lead to greater compliance, greater digitisation,” adding that “expansion of the tax base of direct and indirect taxes is already visible.”
The announcement to withdraw the protest was made yesterday by the traders who met finance minister Arun Jaitley in Delhi on July 17.
The defence ministry is far too big and complex to be managed part-time as an additional charge by another minister, no matter how competent and cerebral he may be.
Jaitley, who responded to China’s reference to the war the two countries had fought 55 years ago asking India to learn from “historic lessons”, had said, “If they are trying to remind us, the situation in 1962 was different and India of 2017 is different.”
Potential DGCA interference, union woes and getting fair value. The group of ministers in charge of selling a yet-to-be-determined stake of Air India has its work cut out.
The airline has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000-crore bailout package extended by the previous UPA government in 2012.
Ruling out any further slippage in the timeline, finance minister Arun Jaitley said Indian small business has been given enough time to prepare.
While the BJP had said its three-member committee will meet the Congress on Friday to select a consensus presidential candidate, Congress insists it has not received any formal proposal yet.
The newly formed committee by Amit Shah will carry out consultations with the NDA and the opposition on the matter and try to come to a consensus.
The three-member committee will consult with allies and the opposition to pick Pranab Mukherjee’s successor.
If editors from the Times of India and other newspapers have the ability to push for personnel changes with government ministers, do these ministers, in turn, have the ability to influence the editorial line in these newspapers?
Finance ministry officials were scheduled to meet with all six members of the monetary policy committee before its policy statement today, in a move that had raised worries over the MPC’s independence.
Data on Wednesday showed that India’s economy suffered a growth slowdown in the quarter to March, to 6.1%, raising alarm bells.
The CBI’s handling of the case has always depended on which political party is in power at the Centre. There is no reason to assume its attitude towards the prosecution of senior BJP leaders will not be coloured by the same factor.
Tomorrow, the use of human shields could become standard operating procedure. Instead of the difficult process of flushing out militants by armed assault, the army could line up civilians and use them to breach a position.
Honour is essential to a professional army. But the top brass in Indian defence, at both the military and the ministry level, seem to have forgotten that.
Arvind Kejriwal’s lawyer Ram Jethmalani contended that he had acted with his client’s consent, prompting the finance minister to file a separate defamation case.
The long-awaited GST has been hailed as India’s biggest tax overhaul since independence and will replace a slew of federal and state levies.
The union finance minister threatened to aggravate charges against Arvind Kejriwal and others named in the case if the word was used at their behest.
A large part of Ram Jethmalani’s cross examination of Jaitley focused on alleged misappropriation of funds during his time at the DDCA.
With all the detected duplicate PAN cards being deactivated and there being only 645 fake PAN cards, why is the government pushing for drastic changes to India’s income tax structure?
With the Belt and Road summit set for May 14-15, Chinese officials have increased their lobbying, through public diplomacy and behind closed doors, to get New Delhi to attend.
The ordinance to amend the Banking Regulation Act will give a big boost to the government’s efforts to cut down on non-performing assets in the banking sector.
India’s refusal to accept the 1984 pogrom as genocide is problematic, given the absence of prescribed domestic standards to test such a claim.
After the government cancelled certain cesses that were meant for labourers’ welfare in preparation for the GST, activists suspect that many such moves may be around the corner.