-TheWire.in Farmers may have to pay 18% GST on the income earned through corporate farming, which the new laws are expected to promote. Like a retro Bollywood movie with multiple double acts and plot twists, the controversy surrounding the three farm laws is not just limited to the specific legislations per se, but there is more to it, much more sinister. When the Income Tax Act, 1995 (ITA) and Central Goods and...
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Explained: The cost of guaranteed MSP -Harish Damodaran
-The Indian Express Apart from repeal of farm laws, farmers are demanding guaranteed minimum support prices, which have no legal backing. A look at what the implications would be if the govt did provide the guarantee Farmer unions protesting on Delhi’s borders are raising two fundamental demands. The first is for repealing the three agricultural reform laws enacted by the Centre. The second is to provide legal guarantee for the minimum support...
More »Cyber tax conundrum: Digital Service Tax could offer an interim solution -Suranjali Tandon
-The Indian Express As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum. The taxation of digital companies has been a key concern for G20 countries. The agenda to reform international tax law so that digital companies are taxed...
More »Farmers’ protest-- In a thaw, Centre offers to put off farm laws for 18 months -Priscilla Jebaraj
-The Hindu Unions to study proposal, return for talks on January 22. Farm union leaders will consider a proposal from the Central government to suspend the implementation of three contentious farm laws for the next one and a half years while a committee is formed to look into their demands. Union leaders said the Centre had also offered to submit an affidavit to the Supreme Court to this effect. They will discuss the...
More »Recovery from pandemic may take years. Government must invest in welfare projects -Nishtha Tewari
-The Indian Express The current scenario is ideal for policymakers and practitioners to drive home the importance of health spending and institutional development With the first batch of anti-COVID vaccines being rolled out, the mood of the nation seems to be upbeat as it bids farewell to the pain and anguish of last year. The emergency-use approval to the vaccine developed by Oxford University and the Swedish-British pharma major AstraZeneca, manufactured in...
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