-Press Information Bureau/ Cabinet The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to a comprehensive New Urea Policy 2015 for the next four financial years. The Policy has multiple objectives of maximizing indigenous urea production and promoting energy efficiency in urea units to reduce the subsidy burden on the Government. Savings in energy shall reduce the carbon-footprint and would thus be more environment friendly....
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Rs. 4.85 lakh crore tax due from corporates
-IANS Corporates owed over Rs.4.85 lakh crore to the government as outstanding dues under direct and Indirect Taxes towards the end of the last fiscal, parliament was told on Tuesday. "The total outstanding tax demand pending collection under the head corporate tax under the Direct Tax laws as on February 28 is over Rs.3.20 lakh crore," Minister of State for Finance Jayant Sinha told the Rajya Sabha in a written reply. As on...
More »'Number of women tobacco users rising' -Sushmi Dey
-The Times of India NEW DELHI: The number of women consuming tobacco products has doubled over 15 years, according to a report by the Public Health Foundation of India (PHFI). While only 10% of women consumed tobacco products during the mid- and late-1990s, the number has increased to 20% in recent years, the report said. Tobacco consumption among men has remained in the range of 45-57% between 1995-96 and 2009-10. The increase in...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
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