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GST brings good news to your kitchen
Rediff.com

GST brings good news to your kitchen

Dosa batter, custard powder, kitchen lighter may become cheaper under GST. Illustration: Uttam Ghosh/Rediff.com A number of daily use products ranging from idli/dosa batter to kitchen gas lighter may cost less as the GST Council is considering lowering rates on these items. Tax rates on over two dozen products are being sought to be lowered by the GST Council after anomalies in their fixations were pointed out, official sources said. To deal with businesses that are deregistering their brands ... Rediff.com, 1 month ago
Rediff.com

Be careful, I-T sleuths know what you did last financial year

The tax department, through its non-filer monitoring system, has identified about 13.7 million people with potential tax liabilities who have not filed returns. Illustration: Uttam Ghosh/Rediff.com The income-tax (I-T) department has asked large corporate entities, including multinational firms, to furnish details of employees off the payroll to check whether they are filing tax returns after deduction at source, or TDS. According to I-T officials, many lawyers, chartered accountants, ...
 Rediff.com1 month ago
Rediff.com

The daunting tasks facing Suresh Prabhu

Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy. Illustration: Uttam Ghosh/Rediff.com Suresh Prabhu has become the Minister of Commerce and Industry at a critical juncture when the gross domestic product growth has dipped to 5.7 per cent and most economists are belatedly acknowledging that the steady decline of exports is a principal cause of the falling growth rate. Policymakers are also grappling with growth without jobs.
 Rediff.com4 days ago

Unemployment is rising. It's a good sign!

Rising unemployment rate reflects a rise in the labour participation rate, which in India's case has been worryingly low. Mahesh Vyas explains the co-relation. Illustration: Uttam Ghosh/Rediffcom.   The unemployment rate has been crawling up recently. I consider this to be a good sign because this seems to reflect a rise in the labour participation rate. In the recent past, that is since April 2017, the unemployment rate has been below 4 per cent. In any mature economy such a low rate ...
 Rediff.com2 weeks ago This is the lowest unemployment rate recorded!  Rediff.com1 month ago
Rediff.com

Suiters for Air India's Mumbai assets

Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale. Illustration: Uttam Ghosh/Rediff.com Various government departments as well as State Bank of India (SBI) have shown interest in buying the properties to be auctioned by Air India in Mumbai, sources in the know said. Advertisements, issued last week, got good response from prospective buyers, sources said. “Some government departments want to buy the ...
 Rediff.com3 weeks ago
Rediff.com

Pay panel proposes, Modi Sarkar disposes

Is there a conflict of interest in civil servants having a decisive say on the recommendations made by a Pay Commission or is it time for a new review mechanism, asks A K Bhattacharya. Illustration: Uttam Ghosh/Rediff.com Less than four weeks ago, the Narendra Modi government came out with its orders to revise allowances for 3.4 million civilian employees and 1.4 million personnel of the defence forces. The new allowances that took effect from July 1, 2017, and will entail an annual additional ...
 Rediff.com1 month ago
Rediff.com

Whatever happened to job creation?

The government has no choice but to accept that its actions have not just failed to create new jobs, but likely led to actual job losses, says Mihir S Sharma. Illustration: Uttam Ghosh/Rediff.com It has been over two months since the last official growth data were made available. That print showed that gross value added at basic prices had consistently slowed from January-March 2016 to January-March 2017: From 8.7 per cent to 7.6 per cent to 6.8 per cent to 6.8 per cent and finally to 5.7 per ...
 Rediff.com1 month ago

Are we on the brink of water wars?

'Nature does not send us a bill, so we ignore them in decision making until we hit a moment of crisis, such as the current shortage of water.' IMAGE: A child victim of Maharashtra's drought.In any given year, India sees a pattern of too little rain in some places and too much rain in others.Photograph: Uttam Ghosh/Rediff.com Bhaskar Vira teaches at the department of geography and is fellow of Fitzwilliam College, University of Cambridge. Director of the University of Cambridge Conservation ...
 Rediff.com1 month ago
Rediff.com

Is Karnataka India's most corrupt state?

'When a newspaper says that Karnataka leads in corruption, one must also know it means Karnataka leads in patronising corruption.''You can't be corrupt without me succumbing to your corruption.'Nikita Puri investigates.Illustration: Uttam Ghosh/Rediff.com In May, when the Niranjans (name changed) went to the registrar of marriages office in Varthur (also home to one of Bengaluru's infamous foaming lakes), they were surprised with how smooth things were, till they were asked to step out of the ...
 Rediff.com2 months ago
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