-The Telegraph New Delhi: The Supreme Court today issued notices to the Centre and seven States, including Bengal, on a plea for return of 45,782 hectares of agricultural land acquired from farmers in the name of creating special economic zones (SEZs) but allegedly diverted by the promoters for other purposes. The petition filed through the SEZ Farmers' Protection Welfare Association of Andhra Pradesh seeks the return of unused land to the farmers...
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Demonetisation brings digital dividend to Kerala, 14,500 ration shops to get e PoS machines -M Sarita Varma
-The Financial Express Thiruvananthapuram: Ration shops in Kerala are readying to go the ATM way soon. As many as 14,500 ration retail shops in Kerala will soon be equipped with electronic point of sale (ePoS) machines, which would work as micro-ATMs. The Kerala State IT Mission has been asked to hasten a connectivity survey in rural areas to ensure uninterrupted internet connection, before introducing micro-ATM facility at all fair-price shops. Although the...
More »Rabi acreage up 7%; rice, coarse cereals take a hit
-The Hindu Business Line Pulses, wheat, oilseeds gain area New Delhi: Sowing in the on-going rabi season maintained its pace of low growth in the new year with rice and coarse cereals posting a decline and oilseeds remaining stagnant compared with the average of the last five years. Total sowing till January 6 increased 2.76 per cent to 602.75 lakh hectares (lh) compared with the previous five year’s average (normal of corresponding week)...
More »Tax buoyancy improves, thanks to indirect levy -Muthukumar K
-The Hindu Business Line Research Bureau But indirect tax is inequitable as it is a burden for both the rich and the poor alike The growth in tax collection in relation to GDP growth has improved over the past couple of years under the Modi regime. In 2013-14, the final year of the UPA regime, tax buoyancy hit a four-year low at 0.71. Since then, it has improved to 1.23 in 2014-15 and...
More »Govt wants details of cash deposited before note ban -Aanchal Magazine
-The Indian Express Finance Ministry says bank account holders must submit PAN by Feb 28 New Delhi: IN A new set of rules notified on Saturday, the Ministry of Finance has asked banks and post offices to furnish details of cash deposits made during April 1-November 9 last year for amounts adding up to Rs 2.5 lakh or more per person, in all accounts other than current accounts. For current accounts, banks and...
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