-The Hindu The government seems to have given up on the Give It Up Campaign for LPG cylinders and has begun debarring LPG users who earn more than Rs. 10 lakh a year from the subsidy starting from their next refill. “Since your income is above 10 lacs, LPG subsidy is not admissible as per govt directive. Pl submit a declaration to distributor if your income is below 10 lacs,” LPG distributors...
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Budget 2016: Behind the Symbolism
-Economic and Political Weekly The Modi government tries hard to signal a makeover but beyond the symbolic it does not change much. Budget 2016 is not important for the proposals that it has made but for what it tries to signal about the proposed makeover, in a limited way, of the Narendra Modi government. The budget does try hard to claim that the Modi government is not a “suit-boot” administration, an image...
More »Pretending to be pro-poor, little change over UPA -Arun Kumar
-The Tribune While giving concessions worth Rs.1,000 crore in the direct taxes paid by the rich, the government plans to net an extra Rs. 19,000 crore in indirect taxes, which are contributed by all. This reveals a regressive intent. Like all Union budgets, this one also is long on promises but hides the real dynamics, namely, how the resources are to be raised for the promised very substantial expenditures. The budget is...
More »Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »DBT in kerosene will help in better targeting of subsidy: FinMin
-PTI New Delhi: Direct transfer of kerosene subsidy to the bank accounts of users will help in better targeting of the benefits to those who actually deserve it, the Finance Ministry said today. The government had last night said it will roll out the Direct Benefit Transfer (DBT) scheme for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in...
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