-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...
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BARC tech to help clean Ganga of industry waste -Vishwa Mohan
-The Times of India MYSORE: With the Centre taking multiple measures to fulfill its clean Ganga mission, the country's premier atomic research body - Bhabha Atomic Research Centre (BARC) - has offered membrane-based water treatment system to clean the national river. The department of atomic energy (DAE) in its presentation on Monday at the Indian Science Congress gave details of the system, describing how BARC is already providing technical support to the...
More »India gets its first solar-powered village in Bengal -Manogya Loiwal
-India Today West Bengal: "Kerosene is sold at Rs 40 per litre in the market. Now the money will be saved, thanks to the solar lamps. We are really grateful to the solar aid," said Kasinath Mahata, one of the villagers. It was celebration time for the people of Pandri, a village in the Purulia district of West Bengal, illuminated with lightening after years of hassle. The excitement doubled when the village...
More »Cess proceeds in a black hole
-The Hindu The National Democratic Alliance government has just introduced a cess of 0.5 per cent on all taxable services for the Swachh Bharat campaign. In February 2016, it will introduce a 2 per cent cess on airfares for all domestic flyers except those flying to remote locations, and international travellers. This cess is meant to fund losses that airlines may incur in connecting to hinterland locations. The Central government loves...
More »Rs. 1.4 lakh crore cess money lies idle -TCA Sharad Raghavan
-The Hindu The funds collected can be used only for the designated purpose and cannot be diverted More than Rs. 1.4 lakh crore of funds collected by the government under various cesses for purposes as varied as higher education, road development and the welfare of construction workers are lying unutilised, shows an analysis by The Hindu of a Comptroller and Auditor-General report on government finances and answers by Ministers in the Lok...
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