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Rs. 1.4 lakh crore cess money lies idle -TCA Sharad Raghavan

-The Hindu The funds collected can be used only for the designated purpose and cannot be diverted More than Rs. 1.4 lakh crore of funds collected by the government under various cesses for purposes as varied as higher education, road development and the welfare of construction workers are lying unutilised, shows an analysis by The Hindu of a Comptroller and Auditor-General report on government finances and answers by Ministers in the Lok...

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States recommend new cesses to fund Swachh Bharat initiatives

-Hindustan Times For a Clean India, be prepared for higher fuel and phone bills. A group of chief ministers has recommended a cess on petroleum products, telecom services and waste generated by mineral-based industries as well as Swachh Bharat bonds to fund the ambitious campaign. In a report submitted to Prime Minister Narendra Modi on Wednesday, the National Institution for Transforming India (NITI) Aayog sub-group headed by Andhra Pradesh chief minister N Chandrababu...

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Financing Swachh Bharat -Nitya Jacob

-The Hindu Business Line It's a huge exercise in collective cleanliness which needs massive funding and human resources. Cosmetics won't work At first glance, the government has not put its money where its mouth is. Just ₹2,625 crore have been provided for the Swachh Bharat Mission in the Budget. This is against ₹4,620 crore in 2014-15 and ₹3,500 crore the year before. The drop is puzzling till one looks at the Budget...

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Swachh Bharat may add 1% extra service tax to 5-star hotel bills

-The Times of India NEW DELHI: The government has identified five "high-end services", including bills in four- and five-star hotels, which will attract additional service tax to fund Prime Minister Narendra Modi's Swachh Bharat campaign, and leave a slightly bigger dent in your pocket. Sources, however, indicated that against an "enabling provision" of levying up to 2% cess over the 14% service tax, the government is expected to notify an additional 1%...

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Budget 2015-16 takes a leap towards market fundamentalism: CBGA

-Centre for Budget and Governance Accountability (CBGA) Press Release   New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...

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