Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...

-The Hindustan Times The government on Thursday put the controversial poverty estimation in a deep freeze by appointing a new expert group to recommend a new estimation methodology aimed at linking government subsidies to poor. The group to be led by C Rangarajan, head of Prime Minister's Economic Advisory Council and having three others members is expected to submit its report in nine months, minister of planning Ashwini Kumar told reporters. However, not...

-IANS The government on Thursday set up a technical panel to review the Tendulkar Committee methodology for deciding the poverty line for which it has under increasing criticism in recent months.  The technical group panel headed by the Prime Minister's Economic Advisory Council Chairman C. Rangarajan will "revisit the methodology for estimation of the poverty and identification of the poor," the Planning Commission said in a statement.  Based on the methodologies suggested by...

In a Bangladeshi folk story, a disabled grandfather is carried by his son in a basket, to be abandoned in the forest. On seeing this, the grandson calls out, 'Father, please be sure to bring back the basket. I will need it when you grow old'. Three thousand ageing men and women gathered in Delhi in the blazing midsummer heat to demand a universal pension for all aged people, not...

-The Telegraph A survey has identified 1,132 children in the age-group of 6 to 14 from eight districts as victims of seasonal migration who ended up working under woeful conditions in brick kilns outside Jharkhand. The study, conducted by city-based NGO Association for Social and Human Awareness (ASHA) and Tomorrow’s Foundation, Calcutta, covered 50 villages in Gumla, Lohardaga, Latehar, Ranchi, Khunti, East Singhbhum, West Singhbhum and Seraikela-Kharsawan. A glaring fact that emerged was...