Monday, 18 February, 2019
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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. 

Increasing taxes on alcohol will add 500 healthy years to every 10 lakh people: WHO study

Study by WHO researchers found that taxation most cost-effective way of reducing alcohol effects; based on data from 16 countries, including India.
Illustration by Peali Dezine

Are other countries more to blame for Donald Trump’s policy directions?

Trump’s unilateral actions raise the risk of trade war, but he’s right in saying that key economic issues have to be addressed.

OnCamera

Actor Vyjayanthimala

Every Bollywood reincarnation story must tip its hat to Bimal Roy’s Madhumati

Of the many things that Bimal Roy’s Madhumati got right, Pran’s antagonistic turn was one.
space laws

When it comes to space activities in India, are no laws better than bad laws?

The government had put the draft Space Activities Bill in the public domain, inviting suggestions. The bill was never introduced in this Lok Sabha. 

Defence

Convoys to Kashmir can’t be stopped even if aircraft are available, top CRPF officers say

CRPF officer says nearly 4,000 personnel needed to be moved from Jammu to Srinagar due to a backlog caused by weather. Not all could’ve gone by aircraft.
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.