It, therefore, makes much more sense to simplify and rewrite the I-T act; allow the department to collect tax according to its mandate, and to entrust the task of granting subsidies to the ministries concerned.
What is much more likely is that, as in developed countries, with time, they will enter different political parties and begin to influence political agendas as well as electoral outcomes, much more decisively.
The economic impact of the recent rebate in income tax announced in Interim Budget is likely to be multi-layered and complex, but mostly beneficial—historically, whenever tax rates have been reduced, collections have shot u
Behind the apparent economic achievements of the NDA government at the Centre lurks a serious concern: will it be able to fulfil its campaign promise of creating jobs for the one million youth who enter the labour force each
Is the country ready to provide a universal basic income to all its citizens? While the government is yet make its mind on this issue; it feels this is an idea whose time has come and needs to be widely debated.
Within the framework of the punitive model which governments generally favour, increase in the likelihood of detection, swiftness and certainty of punishment are perhaps more effective deterrents than draconian punishments
In human affairs, wrote Edmund Burke centuries ago, the lines demarcating right from wrong and good from evil are not like the fine lines of geometry; on the contrary, they are broad and deep, and permit of exceptions.