-Business Standard Petroleum ministry went through the list of consumers in affluent areas to find only 3% earning over Rs 10 lakh/year had surrendered their cooking gas subsidy The government is monitoring people earning over Rs 10 lakh a year who have not given up their cooking gas subsidy. Income tax data was being examined in affluent areas, Petroleum Minister Dharmendra Pradhan told Business Standard. This year's Economic Survey said Rs 1 lakh...
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Inflation higher in poorer states
-The Financial Express This is a double whammy for the poor. Despite a fall in retail inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail inflation...
More »Eastern states to benefit from new LPG scheme -Siddhartha P Saikia
-The Financial Express Govt may spend major chunk of Budget outlay in these states The Modi government would spend major portion of the Rs 2,000- crore Budget outlay for providing LPG to households below poverty line in the eastern states such as Bihar, Jharkhand, West Bengal, Odisha and Assam. A senior official in the finance ministry told FE that the nodal petroleum ministry has proposed a detailed road map for the scheme aimed...
More »Farms grow massive incomes for select few -Devesh K. Pandey & TCA Sharad Raghavan
-The Hindu In response to a RTI application, Income Tax Department reveals that 6.57 lakh individuals earned 20 times the GDP in 2011. Believe it or not, income figures shared by the Income-Tax Department in response to an RTI application by a retired Indian Revenue Service official has revealed that agricultural income recorded an exponential increase from 2004 to 2013, touching a total of almost Rs.2,000 lakh crore for individual assessees in...
More »Crops damaged in 6 states due to unseasonal rains -Sayantan Bera
-Livemint.com Damage to rabi crops like wheat, mustard has been reported from UP, Punjab, Rajasthan, MP, Maharashtra, Haryana New Delhi: Unseasonal rain and hailstorm in the past few days have damaged winter crops in parts of at least six states across central, north and western India. So far, damage to rabi crops like wheat, mustard and chickpea has been reported from Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Maharashtra. It may not...
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