-The Times of India NEW DELHI: Amid a growing debate over issue of taxing farm income, eminent agriculture scientist M S Swaminathan on Saturday expressed his views against such tax and said other methods could be explored to tax rich farmers with multiple sources of the income. "I do not agree with tax on agriculture income since agriculture is the major source of livelihood for over 50% of our population. It is...
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Govt will not impose any tax on agriculture income, clarifies FM Jaitley -Arup Roychoudhury, Sanjeeb Mukherjee & Archis Mohan
-Business Standard NITI Aayog says Debroy's views 'personal' Finance Minister Arun Jaitley said on Wednesday that the Narendra Modi government will not impose any tax on agriculture income. This came after Bibek Debroy, member of the Centre’s main think-tank, the NITI Aayog, seemed to suggest in an interaction with reporters on Tuesday that taxes should be imposed on farm income above a certain threshold to expand the tax base. The Aayog, however, said Debroy’s...
More »Govt clears decks for paper trails in all EVMs
-The Times of India NEW DELHI: The government cleared the decks for a fully paper trail-based parliamentary poll on Wednesday, with the Union Cabinet approving release of funds to the Election Commission for procuring 16.15 lakh voter verifiable paper audit trail (VVPAT) units in time for the 2019 general election. The expenditure of Rs 3,173 crore on the VVPATs will be split over two financial years, 2017-18 and 2018-19. If the EC...
More »Non-payment of due MGNREGA wages recurred in 2016-17
The focus on MGNREGA got renewed when the Finance Minister Shri Arun Jaitley during the presentation of Union Budget 2017-18 increased allocation under the programme to Rs. 48,000 crore (B.E.), up from Rs. 47,499 crore (R.E.) in 2016-17. However, it has been noticed by the Inclusive Media for Change team that nearly Rs. 9,748.7 crore of due payment during the last financial year is still pending, as on 2 April,...
More »Rs 2 lakh limit not applicable on bank withdrawals
-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...
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