-PTI/ The Hindu Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein. The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market. The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10%...
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Decision to import onions reflects the government's anti-producer bias -Kabir Agarwal
-TheWire.in The move itself reveals a deep-seated pro-consumer and anti-producer bias that has been, in large part, the reason for the agriculture economy being in doldrums. New Delhi: The government has decided to import onions from ‘Pakistan, Egypt, China, Afghanistan or any other origin’, according to a Metals and Minerals Trading Corporation Limited notifications. Some concerns were raised about importing from Pakistan. “And why import from Pakistan? Is the Indian farmer a...
More »Two sides of the coin: Tax incentives and revenue forgone -Suraj Jaiswal and Neeti Biyani
-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....
More »Odisha is breaking the patriarchy, one deed at a time -Ashwaq Masoodi
-Livemint.com Odisha is a front-runner in women’s land ownership, much of it owing to government policies from the 1980s. But has ownership led to empowerment? Surrounded by sun-drenched paddy fields interspersed with jackfruit and banana trees, Sanakusupadu is a hamlet in Odisha’s tribal-dominated district of Rayagada. Here, almost every married woman owns land. No matter how small the holding, land documents of the 62 households in this village bear the names of the...
More »Data shows corporates are consistently favoured over rural India -Jitendra
-Down to Earth Corporate India gets indirect subsidy equivalent to 60 per cent of government expenditure on rural areas A recent analysis has revealed a shocking injustice being done consistently to rural India by the government with corporates getting subsidies at its expense. The Inclusive Media for Change, a New Delhi-based non-profit has analysed the last seven Union Budgets. It has found that indirect subsidy, termed as “tax expenditure” that was given...
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