-The Hindu 81% items to be taxed at below 18% The Goods and Services (GST) Council on Thursday agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime to be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from any GST, while sugar, tea, coffee (except instant), and edible oil will be taxed at 5%. Common use items...
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Why Are Cesses Meant For Workers' Social Security Being Abolished? -Bharat Dogra
-TheWire.in After the government cancelled certain cesses that were meant for labourers’ welfare in preparation for the GST, activists suspect that many such moves may be around the corner. Assaults on the hard-earned rights of several categories of workers have been on the rise in recent times, evidenced by the cancellation of cesses meant to be utilised for workers’ social security. If left unchecked, such changes can lead to much bigger losses...
More »CBI books ex-chief Ranjit Sinha in corruption case -Devesh K Pandey
-The Hindu The Central Bureau of Investigation has registered a corruption case against its former Director Ranjit Sinha on allegations of abusing his authority to scuttle enquiries, investigations and prosecutions in the coal block allocation cases. He happens to be the second CBI chief to have been booked by the agency in 2017. The case was registered under the Prevention of Corruption Act on Monday pursuant to the Supreme Court directive...
More »Core sector growth slips to over 1-yr low of 1% in Feb
-PTI Crude oil and natural gas contract; the previous low of 0.9% was recorded in December 2015 New Delhi: The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery products, fertilisers and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 9.4% in...
More »The great Finance Bill trick -Niranjan Sahoo
-DNA The political funding reforms are an embarrassment to India’s claims of heralding a transparency revolution Following Prime Minister Narendra Modi’s demonetization drive and his expressed desire to bring transparency in political funding, there were expectations of more concrete measures to cleanse the Augean stables of Indian politics. The government responded quickly, albeit through the Finance Bill. For the first time, the Union Budget 2017 devoted a full section (420...
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