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Presenting the union budget 2017-18, finance minister Arun Jaitely announced 1.31 lakh crore for the capital and development expenditure of Indian Railways. A total of Rs 55,000 crore has been allocated for Railways in 2017-18 combined budget.
The political parties can receive donation of only Rs 2000 from anonymous sources. This was announced by finance minister Arun Jaitley in his budget speech. This constitutes a major reform in the system that can bring in transpare
The government will promote BHIM, its mobile-based payment system, with `referral bonus` and `cash back` schemes, finance minis
The government in its union budget 2017-18 has increased Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) alloc
Each online agriculture wholesale market will receive Rs 75 lakh each for the development of cleaning, grading and packaging of the farmers` products. There are 250 regulated markets available on the online platform i.e. e-NAM. Government will inc
Finance minister Arun Jaitley today invoked Mahatama Gandhi to justify the hardships faced by common people due to Narendra Modi Government’s decision of
Sarath Davala has a strong opinion about public welfare. “The public welfare regime in India,” he says, “is an exercise in futility.” Some $20 billion (or about Rs 1.3 trillion) goes into the PDS for providing grain to the
Pahle India Foundation (PIF) has suggested that finance minister Arun Jaitley should take cognizance of some of the possible negative effects of demonetization and take steps to minimize its negative impacts and enhance the adoption of digital cur
The Goods and Services Tax (GST) will create a common Indian market, improve tax compliance and governance, and boost investment and growth; it is also a bold new experiment in the governance of India’s cooperative federalism, said the
New estimates of labour migration in India have revealed that inter-state labour mobility is significantly higher than previous estimates, said the Economic Survey 2016
Human-rights defenders, lawyers and academicians trying to bring justice to the victims of violence in Chhattisgarh – a state hit by insurgency and counter-insurgency – are facing intimidation and harassment. They are the targets of
Finance minister Arun Jaitley on Tuesday said that post demonetisation, once the cash supply is replenished, which is likely to
The Universal Basic Income as an alternative to the various social welfare schemes to reduce poverty was advocated in the Economic Survey 2016-17 tabled in parlia
Goa is all set to witness elections on February 4. I was travelling to the state for the first time with a group of friends a little more than week before the polling date. At first, we were sceptical about going just before elections, as we
As cash transfer programs continue to grow as major vehicles for social protection, it is increasingly important to understand if these programs break the cycle of intergenerational poverty, or whether the benefits simply evaporate when the money
India is one of the countries most affected by the US’ use of anti-dumping (AD) measures at the World Trade Organisation (WTO), a recent review of US’ trade policy reveals. The US remains an “active user&rdq
Demonetisation has had some intended and many strange and unintended consequences. It appears that the zeal to reform the economy post-demonetisation has permeated to the general public, which has led to a mushroom growth of tax experts. Currently
Before one takes a call on whether or not India should go down the universal basic income (UBI) route, some myths about the UBI need to be addressed. A universal basic income is an unconditional, regular, payment by the government to every individ
From Mahatma Gandhi’s Sabarmati Ashram to corporate talkshop Davos, it’s creating a buzz everywhere. If nothing is stronger than an idea whose time has come, then people in more and more countries are likely to start getting free pay c