-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....
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Indian hybrid seeds makers see a fifth of cotton seed returns -Ashish Kulshrestha
-The Economic Times HYDERABAD: Delayed and inadequate monsoon across several cotton growing Indian states has dented sowing and hit hybrid seeds sales hard and producers have seen nearly a fifth of seed returns from their distributors, double that of last year. Normal returns from seed dealers hover at around 10% a year, adding to the woes of Indian hybrid seed firms that are currently in a prolonged wrangle with the global seed...
More »Pizzas in Kerala get a 14.5% ‘fat tax’ topping -C Maya
-The Hindu State Budget takes aim at ‘junk food’ sold in branded outlets to promote healthy eating. THIRUVANANTHAPURAM: Kerala announced a 14.5 per cent “fat tax” on pizzas, burgers, sandwiches and tacos sold through branded outlets on Friday, in sync with the World Health Organization’s advocacy of using fiscal tools to promote healthy eating. Finance Minister T.M. Thomas Isaac might have upset some youth with his move, but doctors and several parents are...
More »The indirect benefits transfer -Jayati Ghosh
-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
More »Freedom in peril -R Ramakumar
-Frontline The government’s passage of the Aadhaar Bill in complete disregard of even basic parliamentary procedures and in subversion of an ongoing judicial process puts at risk a number of constitutional rights and liberties of citizens. The benefits cited are just ploys to realise a neoliberal dream. “Congressmen are dancing as if [Aadhaar] was a herb for all cures. With the Supreme Court pulling up the Centre, people are now seeking...
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