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...
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Richest companies have the lowest tax liability -Tina Edwin
-The Hindu Business Line They milk tax breaks in ways that smaller firms can’t, paying only 23.9% tax on average New Delhi: India’s most profitable companies paid 23.9 per cent tax on an average on their profits for financial year 2016-17, about 10.7 percentage points lower than the statutory rate of 34.6 per cent, helped by a wide range of concessions and incentives, the latest Budget documents show. These companies, 335 in all,...
More »Why the Poor Will Not Be the True Beneficiaries of the 'World's Largest Health Programme' -Dipa Sinha
-TheWire.in While the government claims it “will bring healthcare system closer to the homes of people,” it hopes to do this through the private sector, not by strengthening the public health system. Health is being hailed as the biggest winner of Budget 2018, but a cursory look at the numbers shows that there is nothing to celebrate as far as the health budget is concerned. In fact, the Budget this year once...
More »CSDS Mood of the Nation Survey, 2018: Crop prices biggest concern for farmers -Sanjay Kumar and others
-The Indian Express One in every four farmer respondents across all regions of the country said low prices of crops was their most pressing problem. The current crisis in India’s farm sector is perhaps the worst in the last 15-odd years. The Lokniti-CSDS survey (Part 1 was published on Wednesday) has a separate section on farmers’ issues, intended to throw light on their concerns and problems. One in every four farmer respondents across...
More »Education ups attendance of MPs, criminal history lowers it -Neelanjan Sircar
-Hindustan Times An analysis of parliamentarians’ attendance suggests a correlation between their regularity and the troika of moveable wealth, education, and criminality. Showing up to work is the least we can expect from our Members of Parliament (MPs). Yet, very few MPs do this with regularity — only 20% of standard (non-minister) MPs that served a full term in Lok Sabha between 2009 and 2014 attended Parliament at least 90% of the...
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