-ThePrint.in The larger lesson is clear: in an era when the Congress & the BJP can agree on next to nothing, they will gladly join hands to save their own skin. Among all the talk of the aam aadmi focus eMerging from last week’s Budget, many people may have missed one of its most self-serving acts. This manoeuvre found no mention in the Union Finance Minister’s presentation itself, but was instead buried...
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Fixing a high MSP not a solution to agrarian crisis: P Sainath -Vishakha Chaman
-The Times of India CHANDIGARH: The farm crisis is something more than a minimum support price (MSP) issue, said Ramon Magsaysay award winner and renowned journalist P Sainath, who was at Institute for Development and Communication to deliver a public lecture on inequality and agrarian distress on Monday. The agrarian crisis, Sainath said, is no more a measurement of input cost. It is not just the measure of the loss of...
More »Making health insurance work -K Srinath Reddy
-The Hindu The National Health Protection Scheme is disconnected from primary care. It also needs to be scaled up It is unusual for a health programme to become the most prominent feature of a Union Budget. The previous government missed the bus when it failed to implement the recommendations of the High-Level Expert Group on Universal Health Coverage (2011). Yet, those recommendations resonate in the Budget of 2018, with commitment to universal...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & FarMers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
More »Employment-related payments get taxable -Lubna Kably
-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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