-Outlook Raipur: The CAG has indicted the Chhattisgarh government for diverting around 10 lakh tonnes of foodgrains from the central scheme to the state's Mukhyamantri Khadyan Sahayata Yojna without permission and in violation of Centre's instructions. CAG report on the Public Sector Undertakings for the year ended March 2013, was tabled in the state assembly here today. "At the direction of the Government of Chhattisgarh, the State Civil Supplies Corporation Limited (company) diverted...
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Big car error
-The Business Standard Interim Budget's partiality to sports utility vehicles The interim Budget's decision to cut the Excise duty on sports utility vehicles, or SUVs, from 30 per cent to 24 per cent will certainly benefit car makers (they have already reduced their price tags), but it raises some pertinent questions. Last year, while presenting the Budget for 2013-14, Finance Minister P Chidambaram had raised the duty on SUVs from 27 per...
More »Interim Budget 2014-15: Highlights
-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...
More »Pan masala, gutka to cost more as govt raises duty
-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased Excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
More »80% of medicines not covered by price control order -Rema Nagarajan
-The Times of India About 38 million people in India (which is more than Canada's population) fall below the poverty line every year due to healthcare expenses, of which 70% is on purchase of drugs. Yet, the much-awaited drug price control order (DPCO) 2013, meant to control the price of medicines does not cover over 80% of the medicines in the market. Many drugs crucial for India's disease profile have been...
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