-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
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Mihir Shah Committee report: How to solve water crisis
-India Water Portal As a solution to the water crisis, Mihir Shah Committee recommends constituting National Water Commission--a multidisciplinary organisation that will look into water management more holistically. The country’s water sector is going through a rough patch. From polluted water resources to increasing demand for water due to rising population and frequent droughts, there are many problems that plague the sector. The worst sufferers are farmers and this is evident...
More »Collective farm gate procurement offers solutions to cover price crashes -Ajit Kanitkar
-VillageSquare.in Farmer producer companies have started to play an Important role in procurement from smallholders, which guards against price crashes that has been plaguing marginalized farmers across the country despite record harvests The agricultural seasons of 2016-17 (Kharif and Rabi) have not been favorable for farmers across the country. In spite of the near-normal monsoon rainfall in India in 2016 coupled with record farm production, wholesale and retail prices for agricultural commodities...
More »How will the Centre ensure States' finances are not hurt?
-The Hindu GST will subsume almost all cesses levied at the moment One of the key sticking points thwarting consensus in the Goods and Services Council over the course of its meetings in 2016 was the compensation the Centre would have to pay States for any losses they might incur due to the implementation of the new indirect tax regime. What was the issue? The GST is a destination-based tax, and as such is...
More »Public anger over unemployment a big challenge for Modi govt -Sanjay Kumar and Pranav Gupta
-Livemint.com A CSDS survey shows that the public perception about job growth is worse than what it was during the second term of the UPA government Negative perception about jobs could become the Achilles heel of the Narendra Modi-led Union government, a recent survey conducted by research group Lokniti at the New Delhi-based Centre for Developing Societies (CSDS) seems to suggest. The “Mood of the Nation” survey of more than 11,000 respondents across...
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