Around 100 cooperative sugar mills in Maharashtra have lost one round of a battle on income tax (I-T) arrears dating back to 1992-93, with an appellate authority rejecting their argument on dues. If the decision, by the commissioner of income tax (appeals), is not appealed again, the mills may have to pay Rs 2,500 crore in arrears. Vijaysinh Mohite-Patil, chairman of the Federation of Cooperative Sugar Factories in Maharashtra, told Business Standard:...
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Central team to look at NREGA in Sonbhadra
A two-member Central team will be in Sonbhadra from January 4 to January 7 to look into the complaints of anomalies in the implementation of Mahatma Gandhi National Rural Employment Guarantee Scheme. The team will be headed by GS Sharma, consultant, MGNREGS, Ministry of Rural Development and will have NK Yadav, a national-level monitor for the ministry. “We have been asked to look into the implementation of MGNREGA in Sonbhadra and will...
More »Rangarajan panel grapples with survey methodology by Gargi Parsai
As to who should conduct the survey to identify the ‘priority' and ‘general' categories of households as recommended by the National Advisory Council (NAC) was an issue that the expert panel headed by chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, grappled with in its meeting here on Tuesday.The NAC has recommended that legal entitlements to subsidised foodgrains be extended to at least 75 per cent of the...
More »A primer on the CAG by MV Kali Prasad
The Comptroller and Auditor General of India is a Constitutional Authority set up by the Constitution of India. Provisions of the CAG are contained in Article 148 (Comptroller and Auditor General of India), 149 (Duties and powers of the CAG), 150 (Form of accounts of the Union and of the States), and 151 (Audit reports) of the Constitution. He draws a salary equal to the judge of the Supreme Court.POWERS...
More »India needs to spend more on healthcare: Robert Yates by Aarti Dhar
Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...
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