-The Hindu The National Democratic Alliance government has just introduced a cess of 0.5 per cent on all taxable services for the Swachh Bharat campaign. In February 2016, it will introduce a 2 per cent cess on airfares for all domestic flyers except those flying to remote locations, and international travellers. This cess is meant to fund losses that airlines may incur in connecting to hinterland locations. The Central government loves...

-The Hindu The funds collected can be used only for the designated purpose and cannot be diverted More than Rs. 1.4 lakh crore of funds collected by the government under various cesses for purposes as varied as higher education, road development and the welfare of construction workers are lying unutilised, shows an analysis by The Hindu of a Comptroller and Auditor-General report on government finances and answers by Ministers in the Lok...

-The Hindu Business Line A CAG report has laid bare the fact that rice millers have for decades reaped undue gains even as they failed to replenish the national food stock Much like rice spilling out of a tear in the sack, the country’s food procurement system has been leaking crores of rupees every year and impoverishing the government. Last week, in a report presented to Parliament the Comptroller & Auditor General (CAG)...

-Press Release from India Resource Center New Delhi: A proposal to tax sugar sweetened beverages like tobacco in India is being welcomed by public health advocates. The proposal to increase sin taxes on aerated drinks is part of the recommendations made by India’s Chief Economic Advisor Arvind Subramanian on the upcoming Goods and Services Tax (GST) bill in the parliament of India. Taxation to reduce consumption of tobacco has been successful when used...

-The Indian Express Madhya Pradesh’s agricultural growth rates offer important lessons for the Centre Shivraj Singh Chouhan completed 10 years in office as chief minister of Madhya Pradesh last week. His most outstanding achievement is the excellent performance of agriculture — the agri-GDP of MP grew at 9.7 per cent per annum during 2005-06 to 2014-15, surpassing even record-holder Gujarat’s 7.7 per cent. The last five years have been even more...