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The budget’s dangerous philosophy -Harsh Mander

-Livemint.com The government relies on for-profit big business to deliver public goods despite their inability to deliver Can we listen to the budget as an annual public statement by the government of its economic and social philosophy and intent? The centre abandoned five-year plans that earlier laid down a road map of where government policies are headed. The budget, then, is an important reality check of whether the government is literally...

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Farmers are tax exempt, so is company with Rs 215 cr profit -Charu Bahri

-IndiaSpend Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax Mt Abu: It’s reasonably well known that income from agriculture attracts no tax in India. What isn’t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds—it claimed Rs 186.63 crore exemption and made a profit...

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Poll odds against a pro-poor BJP -Mayank Mishra

-Business Standard Data from past elections suggest that the saffron party gets fewer voters from the poor From postponing a hike in railway fare to promising doubled farmers' income in the next five years, from the prime minister holding a number of farmers' rallies to renewed focus on augmenting rural growth and enhancing allocation for the Mahatma Gandhi National Rural Employment Guarantee scheme in the Union Budget, the National Democratic Alliance government...

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How to double farmers' income in seven years

-MoneyLife.in Doubling of farmers' incomes will require large-scale changes in the output that India currently produces and how it goes about producing it. India will gain massively by shifting focus to pulses and horticulture and by moving people out of agriculture, says a report   Prime Minister Narendra Modi on Wednesday strongly defended his government's ambitious promise to double farmers' income in five years that was doubted by the opposition. He said the...

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Impending rains pose a risk to rabi harvest -Nikita Mehta & Sayantan Bera

-Livemint.com The rainfall which is expected to hit the states between 11 and 15 March will be caused by an intense western disturbance currently lying over Iran New Delhi: After two back-to-back deficient monsoons and a warm and dry winter, India Meteorological Department has warned of heavy unseasonal rain and hailstorm in 14 Indian states, which could pose as a threat to the Rabi harvest. The rainfall which is expected to hit...

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