-The Hindu Five years after the first canteen came up, the future of the pet project of the then Chief Minister Jayalalithaa hangs in balance due to reports of fall in patronage and mounting losses borne by civic bodies. Budgetary support and operational reforms may be necessary for a course correction Sekar. D was observing this newspaper’s team of reporters as he sat cross-legged on the tiled floor. Then, he abandoned his...
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Richest companies have the lowest tax liability -Tina Edwin
-The Hindu Business Line They Milk tax breaks in ways that smaller firms can’t, paying only 23.9% tax on average New Delhi: India’s most profitable companies paid 23.9 per cent tax on an average on their profits for financial year 2016-17, about 10.7 percentage points lower than the statutory rate of 34.6 per cent, helped by a wide range of concessions and incentives, the latest Budget documents show. These companies, 335 in all,...
More »Union budget shows "no concern" for hunger, malnutrition, rural distress, reduces maternal benefit allocation
-Counterview.net Calling the 2018-19 Union budget "highly disappointing", the top advocacy group, Right to Food Campaign (RFC), in a comprehensive analysis, has said, it has "miserably failed to respond to the present situation of rural distress and mass unemployment", adding, "Despite a spate of starvation deaths in different parts of the country, the budget makes no mention of hunger or malnutrition." Thus, RFC says, "There was some hope that the budget would...
More »Global crash, local glut hit Gujarat Milk market -Gopal B Kateshiya & Harish Damodaran
-The Indian Express Dairy farmers in Gujarat, till recently, were relatively insulated from the crisis faced by those growing cotton, groundnut or potatoes. Rajkot/ New Delhi: AFTER COTTON and groundnut, it’s Milk that is turning sour for Gujarat’s farmers. A crash in global skimmed Milk powder (SMP) rates, coupled with surging procurement by dairy unions affiliated to the Gujarat Cooperative Milk Marketing Federation (GCMMF), has led to an unprecedented glut. In the last...
More »White Truth: Milk turns sour for farmers on back of record powder stocks with dairies -Parthasarathi Biswas
-The Indian Express The dairies are blaming the current situation on the crash in international skimmed Milk powder (SMP) prices Puntamba (Maharashtra): Since early September, Nitin Dhanvate’s dairy farm business has gone for a toss. Till around then, the 33-year-old from this village in Ahmednagar district’s Rahata taluka was receiving Rs 28 per litre for the Milk containing 3.5 per cent fat and 8.5 per cent SNF (solids-not-fat) he was supplying to...
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