Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
My op-ed in @timesofindia on the rupee:
https://t.co/bvVoq7bGZK
There is nothing automatic about foreign exchange running out. Only the RBI can deplete reserves. The policy question is whether to deplete reserves to support the rupee. I argue that there are ample grounds to let the rupee adjust to arrive at lower imports, higher exports, and to encourage capital inflows. Intervention in FX markets can wait another day.
According to legend, when Tagore got news of his Nobel Prize, he was chairing a meeting on financial problems related to plumbing for the Santiniketan school he had founded. A man came in & gave him a telegram. Tagore read it, & said, “Money for the drains has just been found.”
The Supreme Court has dismissed an appeal from the Data Protection Commission (DPC) on a point of law arising from the commission’s decision to fine social media giant TikTok €530 million and direct it to stop sending user data to China.
Decision I: https://t.co/jPFgluhgEM
An employer may be obliged to disclose salary components of a placed employee to a recruitment agency if this information is necessary for the calculation of a contractually agreed recruitment fee. The data transfer can be based on Art. 6 (1) (f) GDPR. https://t.co/73vESQXHKh
In many respects, political parties and high-command culture have turned the Rajya Sabha into a charade. No other serious democracy elects its upper house the way India does.
The US Senate was elected indirectly till 1913; then, after decades of corruption scandals, the 17th Amendment made the election direct.
Australia, Brazil, Mexico, Italy, Japan, Poland, Philippines -- all direct election. Voters pick senators, period.
Germany (Bundesrat) is a radically different model. The 16 state governments each send their own ministers (Premier + cabinet) to sit in the upper house in Berlin. No seats to buy. No MLAs to bribe. No moneybags to parachute in.
South Africa (NCOP) is a hybrid version of the German model. Provincial delegations vote on provincial mandate.
The Dutch DPA has launched a consultation on draft guidance about automated decision-making (ADM), including profiling.
Unofficial translation: https://t.co/S6dFdf6IVH.