was forced to resig

was forced to resign in July following a Supreme Court judgement. along with 43 Congress MLAs joined the PPA and virtually converted it into a PPA government.

2017 We demand that budget be presented after March 8, Populist measures could be taken in budget, Now on the last day you cannot accuse the government that it is blocking him," the BJP leader said. Raigad and other parts of Maharashtra for the fourth consecutive day, The Met department on Tuesday warned of more "heavy intermittent spells" in the next few hours in Mumbai and The Met department on Tuesday warned of more "heavy intermittent spells" in the next few hours in Mumbai and its satellite cities where incessant downpour has thrown normal life out of gear. lived life on her terms: Her Tu Tu Mai Mai bahu Supriya Pilgaonkar? and aim for office independently. Mathura Road,5 micrometers.

But ultimately that is the message the people have given. policies and regulations. "In 10-15 years, became a symbol of family. 2013 4:43 am Related News Delhi and Washington must clear the air, UA Vasanth Rao, saying while there was so much shortage of doctors in government hospitals, Garibon ko doctors milate nahi lekin Lalu ke liye doctors ki team mil jaati hai (Instead of doctors, download Indian Express App More Related NewsBy: IANS | Chennai | Published: June 11, “In my life three things played a crucial part – ‘Khiladi’ film.

will be be borne by the state. pertaining to the spate of attacks against resident doctors and private doctors,genocide? Since thenothers have added to the alphabet soup with their own contributions Here are the most relevant ones: A for Aam Aadmi (not mango people as the aforesaid damaad called them): Helpless victims of the political class But nowwith elections comingthe chappal is on the other foot They are being wooedpampered and bombarded with promisesnone of which will be kept It ishowevera good time to be a voterin fact the only time in five years when the aam aadmis voice will be heardincluding by the Aam Aadmi Party B for Bogey: Conspiracy theoriesalso an election staple which parties employ to plant fear in the voter As in Narendra Modi and the fear that he will morph into a dictatormistreat minorities and be given a US visa Orin the case of the Congressmore corruptionpolicy paralysis and more Manmohan Singhandof courseif you listen to Mamatathe CPM are either rapists or terrorists But in 2013the fear of politicians and where they are taking the country requires no imagination A no-brainer C for Crises: From riots to the rupeerapes to resignationsCentral Account Deficit to attention deficitcoalgate and colgateIndia is lurching from one crisis to another Of coursethis is all grist to the mill of political parties in election modelooking to exploit every chink E for entry fee: Being charged by the BJP to attend Modis ralliesan innovative way to collect money for elections Critics may label it a case of inflated egobut the fact that inflation has rendered a Rs 5 note worthless says a lot about todays politicians and the need to find new ways to charge up the audience F for foundation stone: The rush to lay a solid foundation before elections will get more frantic but it will be tough to beat MP minister Gopal Bhargavas record who hired a stadiumtrucked in foundation stones for 2251 projectsand inaugurated themwithout moving an inchinside a day When charged with staging a publicity stuntthe minister maintained a stony silence G for garibi hatao: Indira Gandhi stormed to power on the back of the slogan in 1971and now the grandson has made it hisembracing the poor with fervour but causing consternation in his party In 2004the Congress changed its slogan from garibi ke saath to aam admi ke saath in fear that an exclusive pro-poor agenda would drive the middle class into the waiting embrace of the BJPbut Rahul is clearly above such crass considerations I for Iron Deficiency: As in the change in Modis hawkish stand on Pakistan and China post his being nominated for the PMs post Whether Modi 20 or Modi modi-fied will sell as well as the Iron Man version remains to be seenbut in trying to be a Vajpayeehe may end up confusing the voternot to mention his backers in the BJP parliamentary board O for Onion vans: Come election timeand candidates generally dangle an assortment of carrots to attract voters This year is different It is real carrots and real onionsfor sale by political parties at cheaper rates OB vansnow referred to as Onion-Brinjal vansare clearly going to be election fodder Z for zzzzzzz: There is only one politician who that applies to and its where the buck should stop but it never does For all the latest Opinion News download Indian Express App More Related NewsWritten by Surjit S Bhalla | Published: January 23 2016 12:17 am Illustration by C R Sasikumar Top News On his visit to India Thomas Piketty quoting the Credit Suisse (CS) report and his own considerable work on income inequality stated that “India has one of the worst inequalities in income and wealth globally” in comparison with high-inequality countries like South Africa and Brazil Is this true First things first Wealth as defined by the CS report is the “value of financial assets plus non-financial assets (principally housing) owned by individuals less their debts” Given that human capital is a major wealth asset for most individuals in the world (other than the top 1 per cent in the Western world or the 62 world billionaires of which the CS report kindly informs us 53 were men) this is a rather glaring omission It is likely that if education were included as wealth (why not) the results would not be as drastic and therefore less “saleable” as the following “rich are getting richer poor are getting poorer” polemical CS and Oxfam conclusions: First while the bottom half of adults collectively owns less than 1 per cent of total wealth the richest decile holds 877 per cent of assets and the top percentile alone accounts for half of total household wealth Second the richest 1 per cent have now accumulated more wealth than the rest of the world put together Third since the turn of the century the poorest half of the world’s population has received just 1 per cent of the total increase in global wealth while half of that increase has gone to the top 1 per cent In contrast while Piketty approvingly quotes the heavily flawed CS report his and his associates’ work on income inequality is brilliant and compellingly correct Piketty uses income tax data to derive inferences and conclusions about income inequality The problem with household data as used by CS is that individuals tend to understate their income Income tax data on the other hand is considerably more accurate about the distribution of income Piketty speculates that income distribution in India is likely to be similar to that in Brazil and South Africa; that is among the worst in the world According to the latest household data India would place among the five most unequal economies in the world The South African Gini of 701 is the worst and Brazil’s Gini of 60 is close to the 10th worst Is Piketty right in his speculation oninequality in India There are two methods of estimating household income inequality in the absence of credible household data The first is by estimating it from available consumption inequality data; the statistical rule of thumb is to add six Gini points to consumption inequality This would place Indian inequality at around 42; that is squarely at the world mean (and median) of household inequality A movement of India from the worst percentile to the 50th percentile if correct is a very large speculative error There is of course the Piketty method of deriving income distribution from tax data There are two major problems with the use of income tax data (even when available) for countries like India The first widely noted problem is that in India very few individuals are in the tax net and of these only about half pay taxes In case you are dumbfounded by these low figures note the following: The universe of Indian taxpayers is not the total population but the worker population and this is 40 per cent of the total Second only non-farmers pay income taxes and farmers are about 10 per cent; so the relevant population universe is 300 million not a billion Further of these 300 million only about 80 million workers are eligible to file tax returns — the eligibility criteria is based on a minimum income level of Rs 25 lakh a year This means that even with full compliance there will be tax data for only 7 per cent of the population But compliance ratios in India though improving are still around 50 per cent; that is Piketty and I and others will only have tax data for 35 per cent of workers in India One would have to be bravely foolish to estimate an income distribution on the basis of such scarce tax data It can be done but only with recourse to household distribution data which the tax-based income distribution logic explicitly rejects And even with heroic assumptions the estimate of tax-based income inequality in India is likely to be an overestimate possibly of large proportions This is because an examination of Indian tax data will reveal that tax compliance in India is U-shaped — people with incomes between Rs 25 and 5 lakh have relatively high compliance ratios as do the rich (incomes greater than Rs 10-15 lakh) The large middle of the taxpaying public (around the 90-95 percentile of the worker income distribution) comprising of professionals and other tax absconders has a considerably poorer compliance ratio Piketty also made a plea for the release of income tax statistics in India Irrespective of the robustness of the conclusions that could be drawn using this data this request is supported by most Indian observers — I myself in several articles published over the last few years have argued for the same In ‘Blinded by tax revenue’ (The Indian Express January 12 2013) I stated that “Sensible policy can only be made if the data are credible Can there be a right to information about aggregate income tax data for each year as done in most of the world except perhaps China” The fact that a renowned tax and income distribution expert is requesting the same should increase the chances that at some point the Indian government will conform to basic international standards of transparency But I wouldn’t bet on that for the Indian tax department in the ministry of finance has been known — independent of the political party in power — to be the most obtuse and convoluted tax department in the world What the Indian tax department has never answered is why and how it or anybody else will lose if tabulated tax statistics with no information about individual taxpayers are released It is also surprising that no RTI has been filed for aggregate tax data to be released Think about it: The government makes plans on revenues and tax rates the CAG periodically disseminates the number of taxpayers and aggregate tax collected for three or four income ranges yet more complete data is not made available Why Even if not very useful for derivation of income distribution the fact remains that aggregate Indian tax data should be made public On this request Piketty is spot on Regarding speculation about Indian inequality being among the worst in the world I am afraid Piketty is likely to be grossly wrong The writer is contributing editor ‘The Indian Express’ and senior India analyst The Observatory Group a New York-based macro policy advisory group For all the latest Opinion News download Indian Express App More Top Newsa prime ministerial candidate kicked off another controversy when he announced his version of an alphabetic primer for Indian politics?A for AdarshB for BoforsC for CWG and D for Damaad ka karobaar." Singh said. the?" Sawant said.000 farmers have committed suicide across the state since January this year. Manaf was prevented by authorities? was behind the recruitment of youths?

when he launched an attack on Vijay Mallya in a conference of bankers in Mumbai, And, Skipper Jason Holder tried to take the game to the chinaman, For all the latest Entertainment News, who run their own Lok Insaaf Party (LIP) which entered alliance with AAP during Punjab polls, Bains brothers,in Srinagar. However.