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Uneven Mandi tax adds to GST burden -Madhvi Sally

-The Economic Times Even as the dust kicked up by the Goods and Services tax is yet to settle, traders and companies have to face another conundrum­­ an uneven mandi tax. So wide is the discrepancy that a company procuring grain had to pay 6 per cent tax in Punjab, 4 per cent in Haryana and 0.2 per cent in Madhya Pradesh. Industry says this will create an imbalance in the interstate...

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Poor rate of Basmati reduces cultivating area to half -Anju Agnihotri Chaba

-The Indian Express Plunged from 8.61 L hectares in 2014 to 4.5 L hectares this year Jalandhar: THE POOR rate of Basmati (fine quality aromatic rice) which Punjab farmers have been getting for the past few years has resulted in reduced acreage and, in the past four years, the area of cultivation has decreased to nearly half under the crop. Scientists say that due to decrease in Basmati cultivation, the area under...

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Govt may scrap PDS -Dalip Singh

-Deccan Herald New Delhi: Prime Minister Narendra on Monday said the government is likely to scrap public distribution scheme (PDS) system and transfer money directly to the accounts of poor beneficiaries after getting encouraging results from Haryana and Puducherry. Modi stated this during his Monday's informal discussion with BJP MPs from Delhi, J-K, Haryana, Punjab, Uttarakhand, Himachal Pradesh and Chandigarh. According to a press statement issued on the outcome of interaction with...

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Farmers need remunerative prices, not debt waiver, to end rural distress -TK Arun

-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...

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5% GST on hulled grain may hit millets hard -Sharath S Srivatsa

-The Hindu Millet traders plan to approach Finance Ministry for relief; tax rate will not only affect consumers, but also farmers Bengaluru (Karnataka): The 5% tax on hulled grain, under the Goods and Service Tax (GST) to be rolled out from July 1, is going to be a dampener for many. For the first time, millet rice is coming into the tax bracket, and this will make it dearer for consumers. Known for...

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