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Windfall tax on corporations goes as 5% GST on food items kicks in -Prasanna Mohanty

-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...

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Mr. Modi, How are you Going to Handle Wheat? -Subodh Varma

-Newsclick.in With wheat stocks at a 14-year low and procurement at a 20-year low, how is the ration system going to deliver this staple to crores of people? At the end of June this year, government procurement of wheat was about 188 lakh tonnes, dramatically down by 57% from last year’s 433 lakh tonnes, as per official figures. This is the lowest procurement amount in the last two decades. It was back...

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Does India have enough rice for welfare schemes and ethanol? What the govt is missing -Siraj Hussain

-ThePrint.in Procurement of rice stocks has seen a significant increase. But India is seeing deficient rains and increase of ethanol distilleries. The Narendra Modi government’s move to ban Wheat Export was followed by several other measures to conserve stocks, which were projected to deplete in 2022-23 on account of lower procurement in the central pool, continuation of Pradhan Mantri Garib Kalyan Anna Yojana up to September, and the possibility 5 million tonnes...

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RSS farmer body Bharatiya Kisan Sangh slams Centre’s farm policies -Ishita Mishra

-The Hindu Exim policy for agricultural produce should be long-term and in farmers’ interests, BKS says Bharatiya Kisan Sangh (BKS), the Rashtriya Swayamsewak Sangh’s (RSS) farmers’ group, criticised the Centre’s export and import policies. The BKS urged the government to frame long-term export and import policies that are in the interests of farmers. The BKS, which held a meeting of its all India managing committee in Raipur last week, said it’s being seen...

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DGFT issues RCs for 1.6 mn tonne Wheat Export after May 13 ban order

-PTI/ The Hindu Business Line Registration certificates of wheat to exporters having valid letter of credit The commerce ministry's arm Directorate General of Foreign Trade (DGFT) has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said. The government is allowing wheat shipments for which irrevocable letters of credit (L/C) were issued on or before May...

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