-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...
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Ministry comes up with model APMC Act to integrate agri markets
-The Hindu Business Line Proposes single trading licence, single-point levy of market fee New Delhi: The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions. It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as...
More »In Operation Clean Money, I-T dept. to probe 60,000 people now -Arun S
-The Hindu As part of the first phase of the operation, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded. New Delhi: As part of the second phase of the 'Operation Clean Money' (OCM) launched Friday to unearth black money, the Income Tax department will probe over 60,000 individuals including 1,300 high risk persons for alleged excessive cash sales post demonetisation on...
More »Five reasons why Aadhaar shouldn't be applied universally -Mitali Saran
-Business Standard Not only is your privacy stripped stark naked, the system itself is illegal and vulnerable Indians have serious red tape PTSD. We live with chronic anxiety about the documents that get us the entitlements and paid services we need — food, cooking gas, SIM cards, sale deeds, passports and so on. We’re so tyrannised by bureaucracy that when we hear of an official document that might simplify life, we fall...
More »1.37 crore who don't file returns are now on Income Tax radar -Aanchal Magazine & Anil Sasi
-The Indian Express The department is employing what it calls a “360 degree profiling” of taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...
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