National
Congress protests for withdrawal of EPF tax proposal
PTI Congress on Monday staged a protest here seeking immediate reversal of the Centre’s proposal to tax 60 per cent of Employees’ Provident Fund (EPF) at the time of withdrawal and warned of escalating pressure if the demand was not met. “The move to tax EPF will be a terrible blow to six crore employees covered under the EPF Act. The BJP-led central government is playing with their future. The proposal must be rolled back immediately,” Delhi Congress chief Ajay Maken said at the protest at Jantar M
Comment
The fidgety pursuit of a pensioned society
Vikas Dhoot The broader idea behind successive Budgets of this government has been to cast the pension net wider, but tardy follow through has marred the process even as 82 per cent of the workforce is still stuck with informal jobs. The shifting stance over taxing provident fund savings only illustrates the lack of a clear road map.
Economy
RBI pores over budget, worries on fiscal math
Reuters On Thursday, Junior Finance Minister Jayant Sinha acknowledged that a tight fiscal policy will help in further monetary policy easing.