Tax terrorism on wane

Any communication from the income-tax department brings anxiety to the taxpayer, even if everything is in order. The I-T department has always had an impression that it is a stringent body of the government following an adversarial regime. Retrospective amendments to the law, imposition of tax targets on inspectors, fishing enquiries by tax officials and prolonged litigation are few instances of tax terrorism in India.

Singapore’s ‘freegans’ find treasure in trash

A New movement in Singapore that seeks to reduce the amount of consumer waste in the affluent city-state is scavenging for unwanted goods, some in near-mint condition, that migrant workers can send home for the holidays. “Freegans”, broadly defined as people committed to cutting wasteful production and consumption, have connected with thousands of foreign laborers from lower-income countries, many of whom cannot afford the products sold in the city’s shiny shopping malls.

Farm crisis & political gimmick

India is predominantly a rural economy, where 70 per cent of people still reside in villages with farming as the main source of livelihood. Over the years, it has become less remunerative due to unrelenting fall in prices of farm products and steady rise in production cost.

Opinion: Backing health startups

Across India, various startups and innovators in public, private and not for profit sectors are actively working towards building solutions, which can bridge the gap between the comprehensive healthcare needs of population with healthcare providers. Presently, when healthcare market in India is expected to grow to between $450 million and $470 million by 2025 there still remains a requirement of approximately 2.2 million hospital beds in the country. In terms of manpower, our health institutions are facing a crucial deficit of over 6 million nurses and 2 million doctors.

Changing the way India transports goods

The logistics sector in India has conven-tionally relied on roads to facilitate their freight transportation requ-irements. An already grid-locked road network, accounting for 65 per cent of the freight movement in the country, has severely under-mined the competitiveness of Indian logistics. It has also resulted in substantial cost overruns for the industry with environmental impli-cations also.

Higher OMOs & investor

Upping its recent proactive stance on liquidity, RBI announced an even higher pace for open market operation (OMO) for the rest of the financial year. Thus, it increased the quantum for December by Rs 10,000 crore to Rs 50,000 crore. It also announced Rs 50,000 crore for January and guided that it will ‘consider similar quantum of OMO purchases until end of March 2019’.

The November riots of 1984

After 34 years, Sajjan Kumar has been indicted as a participant in the November riots, following assassination of prime minister Indira Gandhi. For three days, Delhi burnt, and the smoke from dead bodies, and the smell of tyres burning followed the citizens everywhere. It could be seen from rooftops, and the acrid smoke bellowed up into the sky. Taxi drivers, in those days, mainly Sikhs, would say even in the days of Timur, the streets of Delhi did not produce as many dead, as in the events following Indira Gandhi’s death.

Opinion: The next billion people on internet

Digital India without touching non-English speaking people, whi­ch is 89% of the total popul­at­i­on, has no meaning. Internet usage in India varies accordi­ng to people’s living areas. To leverage the benefits of inter­n­et, first of all we need to bre­ak the linguistic barrier on in­t­e­r­net. The 7.5 billion people of the world embrace differe­nt cultures, geographies, reli­gi­ons and languages. Just 370 million people are native En­gl­ish speakers. Most internet building blocks are in English or let us say American Stan­d­a­rd Code for Information In­terchange (ASCII).

Towards an intelligent world

As industry 4.0 or the fourth industrial revolution – which fuses physical, digital and biological domains of technological progress into one – plays out at the global economic theatre, intelligent transformation has become an epiphany or sort for the change-makers around the world. The forces that are recalibrating the world production system are, however, not strangers to the world of technology.

Autonomous bodies and nation building

MUCH has been written about the autonomy of financial institutions regulators and academic institutions in the country. So much so that a section has not spared even the judiciary from this debate of being autonomous. What is noteworthy in the whole debate is that, though the experts say that the institutions are under the administrative control of government, when it comes to blaming someone for any mishap it is the institution that is blamed and not the government.