-The Indian Express There is an ambiguous provision to levy income tax on “dairying”. Either the provision should be removed or it should be clarified that it does not include dairy farmers. Dairying is a part of agriculture and as per the Constitution, it is a state subject. Those in power may not yet be accepting blame for the barrage of negative news on the state of the economy, but cracks are...
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Shift health to concurrent list: Expert group to Finance Commission -Banjot Kaur
-Down to Earth Activists voice concern about some recommendations by panel The subject of ‘health’ must be transferred to the Concurrent List of the Indian Constitution from the State List, the high level group (HLG) formed for the health sector by the 15th Finance Commission has said. Since issues like medical education and family planning fall under the concurrent list, health also should, the panel said in a report submitted recently to...
More »Agriculture reforms:: a mantra for equitable growth -Ajay S Shriram
-The Indian Express There are many things that the government can do to improve ease of doing business for kisan and industry. The budget season is upon us, with a flurry of submissions being made to the Finance minister from all quarters. The budget itself could result in a fine-tuning of tax rates and allocation adjustments against various expenditure heads/ministries. There are implications from these for all sectors. And no less...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, Finance minister Nirmala Sitharaman will present an important Union budget. The...
More »PAN won't become inoperative if not linked to Aadhaar till SC judgement: Gujarat High court -Preeti Motiani
-The Economic Times The deadline for linking of PAN and Aadhar had been extended several times and now the new deadline is March 31, 2020. So, if a person doesn’t link his PAN with Aadhar by the said date, his PAN shall be inoperative. As per Section 139AA of the Income Tax Act, every person who has been allotted PAN and who is eligible to obtain Aadhaar, shall intimate his Aadhaar...
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