-The Telegraph New Delhi: The goods and serviCES tax (GST) regime has replaced a cascade of 11 central and state taxes with a concertina of eight tax rates, defeating the original idea of having a three-slab tax structure. The current GST structure on goods ranges from zero to around 40 per cent. If jute, silk and muri (puffed rice) fall in the exempted category, luxury cars and SUVs fall in the top...
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GST rates announced; milk, cereals to be exempted -Yuthika Bhargava
-The Hindu 81% items to be taxed at below 18% The Goods and ServiCES (GST) Council on Thursday agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime to be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from any GST, while sugar, tea, coffee (except instant), and edible oil will be taxed at 5%. Common use items...
More »SC directs CAG to find how Rs 20,000 cr meant for workers' welfare has been spent
-PTI The court was hearing a PIL alleging that the statutory CESs levied from real estate firms for the welfare of construction workers was not being utilised properly. Where has a whopping amount of Rs 20,000 crore, meant for workers’ welfare, gone? Spent on tea parties or vacation of officials? Even the Comptroller and Auditor General doesn’t know, wondered the Supreme Court. These posers were put to the Comptroller and Auditor General (CAG)...
More »Job Creation Under Modi Government Plunges To Levels Even Below The UPA Regime: Report
-HuffingtonPost.in "Yet more than half-way through his (Modi’s) tenure, there are almost no jobs available." The India Exclusion Report 2016, released by the New Delhi-based Centre for Equity Studies (CES) on Friday, says that fewer jobs were created under the Modi government in 2015 compared to the previous government led by the Congress Party. Citing Labour Ministry Data, the report says that employment creation in 2015 plummeted to 135,000 jobs compared to 930,000...
More »Dalits, Adivasis, Muslims worst off, says Indian Exclusion Report
-The Hindu ‘Historically disadvantaged groups most excluded from acCESs to public goods’ Dalits, Adivasis and Muslims continue to be the worst-hit communities in terms of exclusion from acCESs to public goods, according to the 2016 Indian Exclusion Report (IXR) released by the Centre for Equity Studies (CES) in New Delhi on Wednesday. “The 2016 Report reviews exclusion with respect to four public goods: pensions for the elderly, digital acCESs, agricultural land, and legal...
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