-The Indian Express According to the 73rd and 74th Amendment Act of the Constitution, passed in 1993, one-third of the seats in all rural and urban local bodies are reserved for women. Amid reports that the NDA government may revive the Women’s Reservation Bill, for reserving one-third of seats in the Lok Sabha and state Assemblies for women, the Centre has canned a move to bring a central legislation to provide 50...
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'Need revenue for public spending,' says Arun Jaitley on high petrol, diesel taxes
-PTI 'If public spending is slashed, it will mean cutting down expenditure on social sector scheme." There is hardly any private investment,' explained Finance Minister Arun Jaitley. Finance Minister Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer. States levy a high amount...
More »Indian monsoon could spill over into Oct, say global forecasts -Vinson Kurian
-The Hindu Business line THIRUVANANTHAPURAM: A US Climate Prediction Centre forecast suggests that the moderate to heavy monsoon conditions would prevail over most parts of the country until the month-end. The latest spell, now almost a week old, is being mainly attributed to the influence of erstwhile typhoon Doksuri that rammed into the Vietnamese coast the other day. TYPHOON REMNANT Westward tracking storms or typhoons in the North-West Pacific/South China Sea have always had...
More »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...
More »After floods, 235 districts face drought in country -Amit Bhattacharya
-The Times of India NEW DELHI: Around 235 districts across the country face the prospect of drought this year as the monsoon appears headed for a below-normal performance, with the season's deficit currently at 6.2% of normal. These districts, accounting for 37% of India's 630 districts for which rain data is available, have monsoon shortfall of at least 20%, with nine show acute deficits of 60% or more, data from the India...
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