-The Hindu Millet traders plan to approach Finance Ministry for relief; tax rate will not only affect consumers, but also farmers Bengaluru (Karnataka): The 5% tax on hulled grain, under the Goods and Service Tax (GST) to be rolled out from July 1, is going to be a dampener for many. For the first time, millet rice is coming into the tax bracket, and this will make it dearer for consumers. Known for...
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Social impact of demonetisation may have been greater: World Bank
-The Hindu Greater data availability, especially on labour markets, needed to better gauge social impact of such policies The World Bank has said the social impact of demonetisation may have been greater as the informal economy was likely to have been hit especially hard. However, the Bank said the impact of demonetisation on the informal economy was difficult to measure and greater data availability, especially on labour markets, is needed to...
More »3 yrs of Modi govt: 73% of targeted villages electrified, but only 8% fully -Mukta Patil
-IndiaSpend/ Business Standard In Uttar Pradesh, Nagaland, Jharkhand and Bihar, fewer than 50% of rural households have electricity As many as 73% of the 18,452 villages that the Bharatiya Janata Party (BJP) government identified for electrification in 2015 now have power supply, but only 8% of these villages had all their households electrified, according to the government’s own data. As of May 25, 2017, 13,523 villages have been electrified, but 100% household connectivity...
More »Hazards of relying on labour bureau's employment data to evaluate job creation -Roshan Kishore
-Livemint.com A detailed look at Labour Bureau’s Quarterly Employment Survey (QES) methodology and design suggests that one shouldn’t read too much in these numbers New Delhi: Opposition parties and many commentators have been citing the Labour Bureau’s Quarterly Employment Survey (QES) numbers to attack the government over failure to generate employment). How credible are such claims? A detailed look at QES methodology and design suggests that one shouldn’t read too much in...
More »GST rate: Fertilizers to come under 12% tax slab, prices likely to rise -Sayantan Bera
-Livemint.com The GST Council has fixed a 12% GST rate on fertilizers, up from the current 4-8% rates, depending on raw materials used and in which states the products are sold New Delhi: India’s landmark tax reform, the goods and services tax (GST), may not be good news for farmers. Retail prices of commonly used fertilizers and micronutrients are likely to increase, not only raising the cost of cultivation but also leading...
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