-Hindustan Times The suggestion is to come up with a standard rate of 17%, a lower merit rate for items of common consumption and a higher rate on luxury and sin goods, according to these officials who spoke on the condition of anonymity. The Fifteenth Finance Commission (FFC) has suggested the Goods and Services Tax (GST) Council to simplify tax rates by creating just three slabs, two officials with direct knowledge of...
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COP25 fails to make impact, rich polluters block changes -Jayashree Nandi
-Hindustan Times The two-week-long talks, defined as “disappointing” and “unfortunate” by delegates at the closing session of the negotiations, concluded on Sunday after deliberations went into overtime of nearly 48 hours after the official November 13 deadline. New Delhi: The United Nations Climate Change Conference (COP25) at Madrid failed to build consensus on crucial issues of carbon markets, compensation for climate change induced ‘loss and damage’ to vulnerable countries and enhancing nationally determined...
More »Can a cut in tax rates pull the economy out of the woods?
-The Indian Express A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. The quantum of the revenue loss will depend on how deep the tax cut is. Finance Minister Nirmala Sitharaman has said that the government is considering cutting tax rates to revive growth. “Tax rate cut is one among the many things we are thinking to boost growth,” Sitharaman...
More »The draft seeds bill favours the industry over farmers -Suman Sahai
-Hindustan Times A 2001 law protects farmers’ interests. But the seeds bill neutralises many of the enabling measures granted in it There is a draft seeds bill awaiting Parliament, which seeks to replace the old Seed Act of 1966. A law regulating seed production and trade is needed to ensure that farmers are protected against spurious seeds, and that seed producers are obliged to put only seeds of good and reliable quality...
More »Lokpal paying Rs 50 lakh every month in rent to New Delhi's Ashoka Hotel -Ashok Bagriya
-Hindustan Times A reply under the Right to Information Act, recently, disclosed that “Lokpal is provisionally operating from the Ashoka Hotel. In the absence of a permanent office in the national capital, the country’s apex anti-corruption body, Lokpal, set up to look into complaints against public servants, pays a monthly rent of Rs 50 lakh to government-owned Hotel Ashoka for the office space it occupies in the five-star luxury hotel. A reply...
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