-Business Standard The revenue tax collected in the affected villages had been suspended till further order Raipur: Scanty rains during the kharif 2017 had affected over 1.1 million farmers in Chhattisgarh. The opposition Congress members today informed in the Chhattisgarh Legislative Assembly that 1104767 farmers from 11297 villages have been affected by drought. In all, 1028657.812 hectares area had remained dry due to short rainfall. The state government accepted the figure and...
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Loan waiver to bonus payments, poll-bound states target farmers -Deep Mukherjee & Milind Ghatwai
-The Indian Express While Rajasthan Chief Minister Vasundhara seeks to recover from the recent disastrous bypoll where the BJP lost two Lok Sabha seats and an assembly seat to the Congress, MP’s three-time CM Shivraj Singh Chouhan aims to mitigate three-time anti-incumbency. From crop loan and land revenue waivers to bonus payments and free crop storage, Rajasthan and Madhya Pradesh announced a slew of sops Monday targeting farmers and rural voters...
More »Why the fuss about fiscal deficit? -Aarati Krishnan
-The Hindu The answer lies in the fragile state of the Centre’s finances, and its control over interest, pension and subsidy expenses To any layman watching India’s annual Budget jamboree, the entire exercise must seem very puzzling. After the Finance Minister has read out a long list of giveaways to farmers, small businesses, low-income earners and senior citizens in his speech, none of the beneficiaries seems entirely happy with their gifts. Commentators, after...
More »Sustaining the Amma Unavagams (The Hindu)
-The Hindu Five years after the first canteen came up, the future of the pet project of the then Chief Minister Jayalalithaa hangs in balance due to reports of fall in patronage and mounting losses borne by civic bodies. Budgetary support and operational reforms may be necessary for a course correction Sekar. D was observing this newspaper’s team of reporters as he sat cross-legged on the tiled floor. Then, he abandoned his...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
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