-TheWire.in Action now shifts to the states which will have the first real opportunity to react to a new, and still evolving fiscal landscape One of the most dynamic features over the last three Budgets has been the apparent consolidation of centrally sponsored schemes (CSS) — schemes like MGNREGA and National Health Mission, which are formulated by the Union government on subjects from the State List to encourage states to prioritise on...
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Tax waiver on 'affordable' flats may mean big profits for builders -Nauzer Bharucha
-The Times of India MUMBAI: The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank. Take a hypothetical case: Nothing stops a developer from constructing tiny 300square-foot apartments in tony Napean Sea Road in south Mumbai, selling them at, say, Rs 70,000sq ft, and getting a total tax waiver on profits. Experts say no law...
More »Jaitley is Carrying Forward a Deeply Flawed Health Insurance Program -Subhashish Bhadra
-TheWire.in The message coming out of finance minister Arun Jaitley’s Budget this year is that the rural economy is back at the heart of policy-making. One of the highlights of the Budget was the announcement of the ‘Health Protection Scheme’, under which poor households will be provided with an annual cover of Rs. 1 lakh to protect them from health-related financial shocks. This marks a significant expansion of the Rashtriya Swasthya...
More »Don't Tell Kanhaiya What To Do Because You Think JNU Runs On Your Taxes -Sruthijith KK
-Huffington Post Of all the arguments that have been raised this turbulent spring in our country, one stands out as egregiously vulgar. It evokes in me the moral equivalent of the middle-ear reflex to high intensity sounds, which has a special place in the hierarchy of unpleasant sensations. It's the tax nationalism argument. In essence, it's this: How dare students benefitting from subsidized education funded by OUR tax money hold opinions that...
More »Laying the ground
-The Hindu Business Line The Budget’s agriculture focus is welcome, but it could have done better A Budget with a purported focus on agriculture could not have come at a better time. There has been a sharp dip in agriculture output from a trend rate of growth of 4 per cent per annum in the period 2004-05 to 2011-12 to about 1.5 per cent in the next four years, which includes a...
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