-The Times of India NEW DELHI: A ministerial panel is learnt to be taking a final look at a proposal which seeks to raise the income bar defining "creamy layer" for OBC reservation to Rs 8 lakh per annum. The Cabinet note sent by the social justice ministry has been lying with the government for nearly one year and is in the final stages of approval. According to those in the know,...
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Many charity hospitals misuse tax breaks: CAG -Rema Nagarajan
-The Times of India NEW DELHI: Income tax exemptions worth hundreds of crores have been given to hospitals claiming to be charitable institutes, but they may be doing little or no charity, according to a recent report of the Comptroller and Auditor General. CAG has asked for measurable parameters to assess the extent of charitable activities by hospital trusts availing tax exemptions as the public exchequer could be losing crores without...
More »Safeguarding the interests of farmers -Nirmala Sitharaman
-The Hindu Providing food to the poor or targeted groups at subsidised prices is fully WTO-compatible Transformational changes are taking place in India currently, improving the way we live. These changes are impacting all our lives in small or significant ways. It is gratifying to know that the citizens at large are happy withthese changes. However, forsome who have fed themselves on the fodder that such changes are not for the near...
More »Thanks to good rains, cotton output seen rising 4% to 34.5 m bales
-The Hindu Business Line Mumbai: Cotton output is expected to increase 4 per cent to 34.5 million bales (of 170 kg each) in the cotton year ending September on the back of sharp rise in yield. However, the acreage under cotton has dropped 11 per cent to 10.84 million hectares (12.29 million hectares). The yield per hectare is expected to increase to 541 kg from 459 kg, according to the SECond advanced...
More »Flood situation: Uma Bharti to visit UP, Bihar
-The Hindu Business Line New Delhi: As floods continue ravage large parts of the country, Uma Bharti, Union Minister for Water Resources, River Development and Ganga Rejuvenation, on Saturday reviewed the situation and the action being taken at the national level. After the meeting, Bharti announced that she would visit Uttar Pradesh and Bihar next week, according to an official release. “The Minister will visit Uttar Pradesh on 21st August and Bihar on...
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