-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...
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Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »Get smart on diesel cars
-The Hindu The National Green Tribunal’s decision to bar the registration of new and old diesel vehicles in Delhi till its next hearing on January 6 comes as a blow — though a temporary one for now — to passenger vehicle manufacturers. Automobile-makers have, in recent years, been building (from scratch, in a few cases) and scaling up their production capacities for diesel cars, driven by the surge in demand for...
More »Gap widening between rural and urban India -Puja Mehra
-The Hindu Rural Indians do not seem to have benefitted as much from falling inflation as their urban counterparts. While inflation has been slowing both in rural and urban areas of the country, there is a widening difference between the two as rural inflation is decelerating at a much slower pace. The resultant gap between rural and urban inflation has more than doubled over the last one year, data analysed by HSBC...
More »State to take over midday meal scheme, boost quality -Minati Singha
-The Times of India BHUBANESWAR: The state government has decided to overhaul the midday meal scheme in over 65,000 schools in the state by this year end to ensure quality food for the mid-day meal. The state government has asked the state food safety commissioner to conduct laboratory test of food samples at least once a month. "Random samples will be collected from different schools at least once a month and will...
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