-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new Indirect Tax will be levied on most goods is likely to be higher than 18 per cent. While the...
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Goods and Services Tax (GST), explained
-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s Indirect Tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....
More »From Plate to Plough: Twenty-five years of tinkering -Ashok Gulati
-The Indian Express Agriculture needs a champion in the Union cabinet. July, this year, marks the silver jubilee of economic reforms. It is time to take stock of our major successes and failures. There is a saying that bad times are often good for policies and good times are bad for policies. It is well-known that the foreign exchange crisis, with reserves falling to as low as $1.5 billion, triggered fundamental changes...
More »Centre owes over Rs. 81,000 cr. to States
-The Hindu The amount is tax share of last 10 years The Centre owes over Rs. 81,000 crore to States as tax shares of last 10 years, according to a finding by the Comptroller and Auditor-General of India. According to details of communication between the CAG and the Finance Ministry, between 1996-97 and 2014-15, the Centre has failed to devolve to States Rs. 81,647.70 crore. Just in 2006-07 the Centre did not disburse...
More »Targeting RTI in the House -Anjali Bhardwaj & Amrita Johri
-The Indian Express MPs must not run down a law that promises a more informed citizenry The Right to Information (RTI) Act has undoubtedly been a most empowering legislation for citizens. The law has initiated the vital task of redistributing power in a democratic framework. It is perhaps this paradigm shift in the locus of power that has resulted in consistent efforts by the powerful to denigrate it. The latest attack on...
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