-The New Indian Express If the Government of India writes off the Handloom Reservation Act, more than one lakh weavers in Telangana and AP will be affected, fears All India Federation of Handloom Organisations The handloom sector which is one of the biggest is always caught in the vicious cycle of low demand, massive unemployment, dwindling incomes and starvation deaths. This time, the problem has been compounded by the Government of India...
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Land bill passed in Lok Sabha
-The Hindu Nine amendments have been adopted. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, popularly known as the land bill, was adopted by the Lok Sabha after debating it for two days. Congress and Biju Janata Dal walked out ahead of the voting, to protest the removal of a clause that makes it mandatory to get farmers' consent prior to the acquisition of land...
More »Implementing Centrally sponsored schemes set to become dear -Nagesh Prabhu
-The Hindu Bengaluru: Acceptance of the 14th Finance Commission's recommendations by the Union government is likely to cost the State dear, particularly in implementation of Centrally sponsored schemes. Karnataka is expected to feel the pinch despite higher allocation in the form of its share from Central taxes. The hike in the Central pool of taxes is likely to be nullified with reduction in allocations proposed in the Union Budget for 2015-16 for...
More »Setting up national agriculture market, a clear warning for APMCs -Enamul Haque
-The Hindu Business Line Economic Survey says Parliament can pass laws to override States' powers to create such a thing The Budget has proposed the setting up of a national agriculture market. Agriculture in the country is a State subject and thus all the States have set up Agricultural Produce Marketing Committees (APMC) to regulate the marketing of agricultural commodities. Thus, APMCs have been considered an inhibiting factor for establishment of a national...
More »Highlights of Union Budget 2015
-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...
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