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Lower tax, pension for shopkeepers, pucca houses: BJP manifesto packed with populism

BJP has also promised to bring the proportion of families living below the poverty line to single digits in the next five years.
File photo of PM Narendra Modi | PTI

Modi govt set to fall short of 2018-19 direct tax target of Rs 12 lakh crore by a distance

Modi government has transferred several tax officials due to poor performance, says a senior finance ministry official.
BJP National Convention

BJP ministers, leaders to criss-cross India with message of tax & farmer sops in budget

BJP to get senior ministers and national office-bearers to address rallies in all 543 Lok Sabha constituencies starting from the middle of February.
Illustration by Soham Sen/ThePrint

After budget, do you save tax or not? The devil lies in the details

If your taxable income is over Rs 5 lakh, the rebate will not apply.
PM Narendra Modi cheers as Piyush Goyal presents the interim Budget 2019-20 in Lok Sabha | PTI

Modi danced the fine line – his budget wasn’t anti-rich & his govt didn’t defend past sins

It is a relief to see that the government did not run the risk of running a larger borrowing programme.
Finance minister Piyush Goyal holds up the briefcase which contains the interim budget presentation

No other govt has announced such sweeping tax changes in interim budget

Changes to tax structure in Piyush Goyal's budget is unprecedented because an interim budget is only for a short period — for transition between two govts.
Passengers wait to board a train at Mantri Sampige Square Metro station, operated by Bangalore Metro Rail Corp. (BMRCL) | Sanjit Das/Bloomberg

As Budget nears, it’s time to ask if taxpayers need more shiny Metros

India needs a public transport revolution, not just kilometres of Metro lines.
Startups

Angel investors must be spared India’s tax hell

Angel investors are helping create jobs while big corporates are reluctant to invest. Time the taxman realised that. About three years ago, Anup Kuruvilla left his corporate banking job in Hong Kong to return to Bangalore and assemble a group of wealthy individuals willing to place small, early-stage bets on fledgling founders. 1Crowd, the platform Kuruvilla and his partners helped set up, has 500 investors. Members co-invest with 1Crowd Fund, sharing the risks in mentoring young ventures: Some are bound to fold. The first successful exit, likely to occur when any of 1Crowd's current stable of 21 firms goes in for Series B funding, is still some ways off. The name of the game is patience. And that's one thing in short supply with the Indian government. The revenue authorities have been hounding tiny companies over money raised from investors, claiming their valuations are fraudulent and slapping them with a 30 percent...
Income Tax department

Central Board of Direct Taxes wants income tax department to step up collection efforts

The CBDT chairman has shot off a letter to all principal chief commissioners of income tax department asking them to step up efforts.
A tobacco cigarette

Pakistan govt move to impose ‘sin tax’ on cigarettes, sugary beverages draws flak

Here’s what’s happening across the border: World Bank says India-Pakistan trade has potential to reach $37 billion, and Bill Gates appreciates Imran Khan's polio eradication efforts. 

On Camera

Bank notes | Getty Images

Electoral bonds are a constitutional hazard but transparency alone isn’t the solution

Supreme Court’s role in setting a reform agenda for political funding has to be limited and not extend to managing how parties function.
CJI Gogoi

Is Supreme Court handling sexual harassment allegation against CJI Ranjan Gogoi correctly?

Two advocates Monday wrote to the Bar Council of India criticising it for its support to CJI Ranjan Gogoi and called the hearing a ‘travesty of justice’.

Defence

Indian Coast Guard

Indian Coast Guard increases maritime surveillance following Sri Lanka blasts

More ships and aircraft have been deployed to ensure India faces no security threat after a series of blasts killed 290 in Colombo, a Coast Guard official said.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.