-Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021 “Promises & Reality – Citizens’ Report on the Year Two of the NDA II Government, 2020-21” is a collective work by eminent members and organisations of the Indian civil society. The report covers a wide array of concerns and issues in thematic areas including health,...
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Centre's Tax revenues grew despite stringent lockdown on the back of excise duties
-The Hindu Shift in tax burden comes at a time when pandemic has led to many job losses and reduced income levels In FY21, despite a stringent lockdown and a raging COVID-19 first wave, the gross Tax revenue collected by the Centre increased over FY20. However, the increase was made possible by a sharp rise in contributions from union excise duties. This compensated for the sharp drop in the share of corporate...
More »India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
-PTI/ The Hindu Share of profit allocation, subject-to-tax rules’ scope yet to be addressed, says Finance Minister A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a ‘consensus agreement’ was expected by October. A total of 130 countries on Thursday agreed to an overhaul of global...
More »Can't Give ₹ 4 Lakh For Covid Victims, Centre Tells Supreme Court -A Vaidyanathan
-NDTV.com The centre in its affidavit also said due to increased health expenses and low Tax revenue it is beyond states' budget to pay compensation for lakhs of Covid victims. New Delhi: Families of Covid victims cannot be paid compensation as it applies to natural disasters only, the government told the Supreme Court, adding that states cannot afford to pay ₹ 4 lakh to every victim. In a 183-page affidavit filed late...
More »COVID-19 is not a ‘one-time disaster’, like earthquake or flood, Centre says in SC -Krishnadas Rajagopal
-The Hindu It is an ongoing pandemic which will continue to attack in waves and a ‘broader approach’ is essential, says Ministry of Home Affairs in 189-page affidavit. The COVID-19 pandemic is not a “one-time disaster”, like an earthquake or a flood, where victims can be compensated with just money, the Centre has told the Supreme Court. The virus is an ongoing pandemic which will continue to attack in waves. A “broader approach”...
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