IOA Finance Committee chairman Khanna defends decision on Tokyo Games hotel bookings for Tokyo Games, says can't authorise expenditure in absence of approval from President or Secretary General.Indian Weightlifting Federation secretary general Sahdev Yadav resigned as member of the finance committee, saying he was doing so "to maintain self-respect". … [Read more...] about More rift in the IOA?
By Andy Mukherjee The spread of the coronavirus in India is showing no sign of abatement. Unless it catches a lucky break, Asia’s No. 1 pandemic hotspot is still a month or more away from a peak in infections (currently above 165,000) despite a severe lockdown. Tricky as the situation is for the country’s patchy healthcare infrastructure, the disease won’t be India’s only curve to flatten. The squiggly line that joins the cost of money at different maturities — the yield curve — deserves just as much attention. It’s unhealthy in an economy headed for a recession that 10-year funds cost nearly 5.75%, almost 275 basis points more than the three-month treasury bill yield. The central bank is slashing short-term rates and flooding banks with liquidity, and yet the long-term cost of capital is refusing to head lower. In large developing economies deeply challenged by the virus, from Brazil to Indonesia, the yield curve, or the excess of … [Read more...] about View: The pandemic isn’t India’s only curve to flatten
By Divya Kottadiel The ongoing COVID-19 crisis has highlighted several existing systemic gaps in services, especially to the rural poor. Inadequate healthcare infrastructure is one of them. Reverse migration has also put additional stress on an already overburdened rural health system, impacting its capacity not only in caring for those who have contracted the virus, but also other health and wellness issues in these regions. Despite an increase in electrification under Saubhagya, many health facilities are forced to function without proper electricity supply. Hospitals use diesel generators as back-up sources of power. These solutions are expensive, maintenance is difficult, and they contribute to air pollution in the area. Regular, reliable supply of power is critical in order to store much-needed vaccines and medicines, and to run life-saving equipment.According to the 2018-2019 Rural Health Statistics report, around 39,000 rural health sub-centres in the country lack electricity. … [Read more...] about OPINION: Solar innovation gives health mission a shot in the arm
The government Saturday notified income tax return (ITR) forms for taxpayers for filing returns for assessment year FY 2020-21. Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to Covid 19 pandemic. Taxpayers will have dedicated space in each of the ITR forms - Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V – to describe investments of expenditures made during the quarter ended June 30, which will get counted in deductions or exemptions. The government has extended several timelines under income tax by a quarter from March 31, to allow taxpayers to make investments, payments or donations for claiming exemptions and deductions, besides the roll over benefit of capital gains. The forms also seek details from taxpayers … [Read more...] about Income tax return forms for FY 2020-21 notified