-Livemint.com Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm sector, will raise Rs 9,000 crore in 2016-17 New Delhi: Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm sector, will raise Rs 9,000 crore in 2016-17, budget documents presented in the parliament on Wednesday showed. The central government is spending money from this corpus...
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Such Incredibly Accurate Revenue Budget Estimates? -Anuj Srivas
-TheWire.in Were the budget estimates for corporation and income taxes in 2016-17 a good coincidence or were they supposed to have been be qualified with a note? New Delhi: For the first time in at least ten years, the budget estimates (BE) of India’s corporate tax and income tax revenue receipts have exactly matched their corresponding revised estimates (RE) – give or take a couple of decimal points. A key part of every...
More »80% fall in mangrove destruction in 1 year, says study by Maharashtra government -Badri Chatterjee
-Hindustan Times According to a state government report, there has been an 80% drop in cases of mangrove destruction in the Mumbai Metropolitan Region (MMR) from 2015 to 2016. However, activists have criticised the survey, pointing to the fact that no one has been convicted of destroying mangroves since 2013. The report, by the Mumbai Mangrove Conservation Unit, a body constituted by the Bombay High Court that works under the state mangrove...
More »Bombay HC reprieve for Indira Jaising's NGO; orders defreezing of its domestic accounts -Shibu Thomas
-The Times of India MUMBAI: In a reprieve for Lawyers Collective, the NGO run by noted lawyer Indira Jaising, the Bombay high court on Monday by an interim order defreezed the non-FCRA/ domestic bank accounts of the organisation. Justice Mahesh Sonak, while admitting the petition filed by Lawyers Collective challenging the cancellation of its registration, also halted the Union government's directive to the charity commissioner to dispose off its assets. "The allegations...
More »Budget 2017: What finance minister Arun Jaitley said versus what the numbers show -SAMarth Bansal
-Hindustan Times The budget is about policy, and the budget speech has to strike a balance with politics. How well do they match? The allocation for MGNREGA is up 1% What Jaitley said: “Honourable Members would be happy to note that the budget provision of Rs. 38,500 crores under MGNREGA in 2016-17 has been increased to Rs. 48,000 crores in 2017-18. This is the highest ever allocation for MGNREGA.” What the numbers say: Yes,...
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