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GST: Tax rate likely to be higher than 18%

-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...

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What’s cooking? -Richa Mishra and Debabrata Das

-The Hindu Business Line The PMUY scheme, under which the poor get subsidised LPG connection, addresses an urgent need. At the same time, it can turn out to be a political masterstroke for the BJP, write Richa Mishra and Debabrata Das The kitchen has always played an important role in Indian politics. Leaders across political parties have cooked their electoral fortunes with the kitchen as the integral ingredient. While some distributed highly...

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Punjab’s sorrow -Sukhpal Singh

-Frontline A noteworthy study that provides much-needed insights into the nature and severity of the farm crisis in Punjab. There have been many studies on agrarian distress and farmer suicides in different parts of India in the last decade, including in Punjab. Most of the studies focus on a profile of the victims, mostly landowning farmers, and reasons thereof, with a sample of such farmers. In this context, this book makes a...

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Pulses output lowest in six years, show latest estimates -Sayantan Bera

-Livemint.com Overall foodgrain output, however, rose marginally to 252.22 mt in FY16, farm ministry’s advance estimates show New Delhi: The crippling drought over the past year failed to impact India’s overall foodgrain production but led to the lowest production of pulses in six years, showed the fourth advance estimates released by the agriculture ministry on Tuesday. In fact, according to the ministry, foodgrain production rose marginally—from 252.02 million tonnes (mt) in 2014-15 to 252.22...

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Goods and Services Tax (GST), explained

-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....

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