-The Indian Express The state has posted high growth rates in the agricultural sector in recent years, but the growth has been skewed in favour of the state's irrigated parts and a small number of crops. Madhya Pradesh is primarily an agricultural state. One third of its gross state domestic product comes from this sector, half of the state’s area is used for cultivation, and 70 per cent of the total workers...
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The ground has fallen out from beneath the farmer’s feet -KTS Tulsi and Tanessa Puri
-The Hindu The Farm Acts are farmer-unfriendly and in violation of important constitutional safeguards Amidst the novel coronavirus pandemic, Indian farmers have marched their way to New Delhi. The reason behind the protest is a request to repeal the recently passed Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act and the Essential Commodities (Amendment) Bill. Akin to stock trading All...
More »Bengal, Kerala agree to Centre's GST borrowing formula
-The Telegraph Three states — Punjab, Jharkhand and Chhattisgarh — have not accepted the proposals yet Bengal and Kerala have dropped their opposition to the Centre’s borrowing option to bridge the gap in the Goods and Services Tax revenue receipts. The two states have opted for the limited borrowing option under which the Centre will borrow funds and pass them on to the states but the debt will be recognised in the balance...
More »Federalism, now a partisan internal dialogue -Sukumar Muralidharan
-The Hindu India could be living through a reprise of the ‘Congress system’, but with significant differences in the BJP’s re-enactment At the first signs of stress, the grand vision of a nation unified in a singular system of taxation, was supplanted by a policy of every-state-for-itself. Just over three years ago, the introduction of a unified “goods and services tax” (GST) was heralded by a midnight session of Parliament, a theatrical...
More »GST Council decides to extend compensation Cess beyond June 2022: Sitharaman -Aparna Banerjea
-Livemint.com * Nobody is going to be denied the compensation which has arisen out of implementation of GST and COVID impact. A discussion with states is on,' says Sitharaman * Sitharaman adds that compensation Cess collected this year amounting to about ₹20,000 crore will get disbursed to all states by tonight Union Finance Minister Nirmala Sitharaman during the 42nd Goods and Services Tax (GST) Council meeting today decided to extend compensation Cess beyond...
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