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GST: Tax rate likely to be higher than 18%

-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...

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What’s cooking? -Richa Mishra and Debabrata Das

-The Hindu Business Line The PMUY scheme, under which the poor get subsidised LPG connection, addresses an urgent need. At the SAMe time, it can turn out to be a political masterstroke for the BJP, write Richa Mishra and Debabrata Das The kitchen has always played an important role in Indian politics. Leaders across political parties have cooked their electoral fortunes with the kitchen as the integral ingredient. While some distributed highly...

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Punjab’s sorrow -Sukhpal Singh

-Frontline A noteworthy study that provides much-needed insights into the nature and severity of the farm crisis in Punjab. There have been many studies on agrarian distress and farmer suicides in different parts of India in the last decade, including in Punjab. Most of the studies focus on a profile of the victims, mostly landowning farmers, and reasons thereof, with a SAMple of such farmers. In this context, this book makes a...

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Goods and Services Tax (GST), explained

-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....

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Foreign funds pour in; 3,000 NGOs get over Rs. 22,000 cr. -SAMarth Bansal

-The Hindu As of July 2016, 33,091 NGOs were registered under the Foreign Contribution Regulation Act, which regulates foreign funding to these bodies. A total of 3,068 non-governmental organisations (NGOs) received foreign funding above Rs. 22,000 crore in 2014-15, according to government data presented in response to a question in Parliament. These are NGOs who reported receiving more than Rs. 1 crore from foreign donors. This amount was 83.3 per cent (nearly double)...

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