-Newsclick.in The central government has raked in over Rs18 lakh crore from excise duties compared to Rs14 lakh crore from Taxes by all state governments over the past eight years. Yet again, the government has tried to obfuscate the exorbitant petrol/diesel prices by blaming state governments. This time, it was the Prime Minister himself who blamed some Opposition-ruled states for not reducing Taxes like the Value Added Tax (VAT) after the central...
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Pocket pinch: Editorial on price rise
-The Telegraph The BJP’s nationalism would have been credible if it had a humane, inclusive face The prime minister has assured his legion of admirers that India’s stature is rising in the global order. The countrymen, however, can spot only one thing that is on an unprecedented rise: the price of essential commodities. On Tuesday, the price of diesel scored a century in Bengal, much like petrol that is already burning a...
More »Food grain traders of Dhanbad protest against tax hike -Praduman Choubey
-The Telegraph Merchants fear the new decision may result in corruption Dhandbad: Food grain traders across the state are up in arms against the new Jharkhand State Agricultural Produce and Livestock Marketing Act 2022 implemented by government as per which a 2% Bazar fee is to be imposed on all transactions held in 'Agriculture Produce Market Committee' operated markets across the state. The protesting food grain traders have termed the decision of the...
More »Demand for lower cotton prices is not justified -A Narayanamoorthy
-The Hindu Business Line The textile industry’s vociferous demands will hit cotton farmers, who are facing the brunt of rising costs The recent rise in the price of cotton yarn seems to have hit the textile manufacturers hard, so, a large section of participants involved in value chain products of cotton has called on the government to take measures to arrest the price rise. While demanding higher Taxes on cotton exports, they have...
More »What will be India’s GDP in 2022-’23? The government and RBI have given three answers in 11 days -Rajrishi Singhal
-Scroll.in/ Qz.com While the economic survey and Budget estimate the growth in the coming fiscal year to be 8%-8.5% and 6.6% respectively, RBI forecasts it to be 7.8%. Indians have enjoyed an ever-expanding array of choices for consumer goods over the past couple of decades. In this season of cheer and goodwill, they now have the pleasure of even selecting a version of India’s growth perspectives, depending on the risks playing out. Three...
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