-PTI Stating that the agriculture sector is under distress, he said farm holdings are very small in size Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is “a very rare institution” and not the norm. In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income. NITI...
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How MGNREGS Can Help The Rural Poor 'Step Out' Of Poverty And Climate Vulnerability -Koyel Kumar Mandal
-HuffingtonPost.com A safety net for the poorest and most vulnerable populations. Recently there has been a lot of debate in academic and policy circles about mainstreaming climate concerns in development programs in order to build the resilience of vulnerable communities. One such development initiative is the Mahatma Gandhi National Employment Guarantee Scheme (MGNREGS), whose main objective is to reduce rural poverty by providing a legal guarantee of 100 days' paid labour...
More »Find ways to tax rich farmers with multiple sources of income: Swaminathan -Vishwa Mohan
-The Times of India NEW DELHI: Amid a growing debate over issue of taxing farm income, eminent agriculture scientist M S Swaminathan on Saturday expressed his views against such tax and said other methods could be explored to tax rich farmers with multiple sources of the income. "I do not agree with tax on agriculture income since agriculture is the major source of livelihood for over 50% of our population. It is...
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Govt will not impose any tax on agriculture income, clarifies FM Jaitley -Arup Roychoudhury, Sanjeeb Mukherjee & Archis Mohan
-Business Standard NITI Aayog says Debroy's views 'personal' Finance Minister Arun Jaitley said on Wednesday that the Narendra Modi government will not impose any tax on agriculture income. This came after Bibek Debroy, member of the Centre’s main think-tank, the NITI Aayog, seemed to suggest in an interaction with reporters on Tuesday that taxes should be imposed on farm income above a certain threshold to expand the tax base. The Aayog, however, said Debroy’s...
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