-The Times of India • What does the Finance Commission do? In India’s Federal Structure, taxation powers and obligations for various services — like law and order, health, education — are unequally shared between the Centre and the states. Hence, the Constitution mandates the setting up of a Finance Commission (FC) every five years to recommend how revenues from central taxes should be shared between the Centre and the states. A fair...
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GST one of the most complex, has second highest tax rate: World Bank report -Asit Ranjan Mishra
-Livemint.com GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries...
More »I-Day launch goal for National Health Protection Scheme, aims to cover 10 crore poor families -Abantika Ghosh
-The Indian Express The ambitious scheme aims to cover over 10 crore “poor and vulnerable” families — an estimated 50 crore individual beneficiaries — with coverage of up to Rs 5 lakh per family per year. The Niti Aayog is working towards a launch on Independence Day of the government’s latest flagship National Health Protection Scheme, which was announced in the Union Budget Thursday. Top officials in the Aayog said that...
More »India's new wetland rules threaten to destroy 65% of its water bodies rather than protect them -Nityanand Jayaraman
-Scroll.in Notified in September, the rules will facilitate the development of wetlands as real estate, industrial sites and garbage dump After ignoring repeated directions from the Supreme Court to notify stricter rules to protect the country’s wetlands, the Ministry of Environment, Forests and Climate Change has gone and done just the opposite. On September 26, it published the Wetlands (Conservation & Management) Rules, 2017 – replacing the older rules dating back to...
More »We should tax agriculture. But how? -Madan Sabnavis
-The Hindu Business Line While the idea is reasonable, the issue is so political that it will automatically ring in negative points for the implementer The subject of taxation on farm income has once again taken centre stage not just because there have been some distinguished opinions voiced on this subject but also that this has been recognised as one area where money is channelled to avoid paying taxes. As the focus...
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