Contents1 What is the news? 2 What was this optional tax regime? 3 What are the issues highlighted by the study? 4 What needs to be done? What is the news? Budget of 2020 option introduced an optional tax regime for personal income tax. What was this optional tax regime? Under this a taxpayer can choose between two structures.… Continue reading New tax regime disincentivizes charity donations, says study
Tag: business standard
Increase the green cover
News Although the recently released India State of Forests report, 2021 has shown an expansion in the forest cover but there are some apprehensions regarding these estimates. Why there are apprehensions regarding findings of the report? Majority of this increase in vegetation has occurred in the “open forests” category where a tree canopy of just above 10… Continue reading Increase the green cover
Unique IDs: From PAN to Aadhaar, the universe of unique IDs is expanding in India
What is the News? Central Government and State Governments have been launching various Unique IDs to bring transparency and curb leakages in the system. What are the Unique IDs launched by the Central Government? Aadhaar: It is a 12-digit random number issued by the UIDAI (“Authority”) to the residents of India after satisfying the verification… Continue reading Unique IDs: From PAN to Aadhaar, the universe of unique IDs is expanding in India
BS Number Wise: India’s labour, capital paradox
News: Many sectors in India are showing improvements in labor productivity. On the other hand, employing a lesser number of laborers with no improvement in capital investment. This article shows how India is reinforcing Lewis’s argument about labor productivity. What was Arthur Lewis model of development? In 1954, Arthur Lewis presented a model to explain… Continue reading BS Number Wise: India’s labour, capital paradox
Some unemployment puzzles
News: India’s unemployment problem is not reflected in its unemployment rate. Its problem lies in the low employment rate and its discouraged young female labor force. Why the unemployment rate is not India’s most important labor market indicator? The unemployment rate was 7.9 percent in December 2021. This does not mean that the remaining 92.1… Continue reading Some unemployment puzzles
Pragmatism on investment
News: Recently, India’s foreign direct investment (FDI) policy was altered through a press note. But the government is re-examining extra scrutiny on Chinese investment. What was changed in FDI policy? Investment from countries with which India shared a land border would no longer be allowed through the automatic route. They have to be cleared in… Continue reading Pragmatism on investment
In the works: National e-commerce policy to script arm’s-length rulebook
What is the News? Government is preparing a revised and perhaps a more lenient Draft National E-commerce Policy. Note: Earlier, at least two draft E-commerce policies had been prepared. But they could not become policy after some government departments opposed certain clauses. What will be the purpose of the upcoming Draft National E-commerce Policy? Aim:… Continue reading In the works: National e-commerce policy to script arm’s-length rulebook
Search for tax evasion
News: The tax department has conducted a record level of searches in the current fiscal year. As reported by Business Standard last week, so far, the department has found an undisclosed income of Rs 32,000 crore. While it is encouraging that the tax department is working hard to make sure that everyone pays his or… Continue reading Search for tax evasion
India getting warmer, hotter: 2021 fifth warmest year since 1901, says IMD
What is the news? India Meteorological Department (IMD) has recently released its report on India’s climate. What are the IMD’s findings? -2021 has been the fifth-warmest year since 1901, and the decade 2012-2021, was the warmest on record. 11 of the 15 warmest years on record were between 2007 and 2021. It also found that… Continue reading India getting warmer, hotter: 2021 fifth warmest year since 1901, says IMD
A code for the committee of creditors
News: Parliamentary Standing Committee of Finance in its report had argued for the need to have a professional code of conduct for the committee of creditors. After this Insolvency and Bankruptcy Board of India (IBBI) had issued a discussion paper proposing a code of conduct (code) for the Committee of Creditors (CoC) to ensure transparency in its functioning. Why there is need… Continue reading A code for the committee of creditors
