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Rural Distress Makes India Inc. Call for Higher MGNREGA Allocation -Rabindra Nath Sinha

-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...

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Tarun Bajaj, Revenue Secretary at the Ministry of Finance, interviewed by Vikas Dhoot (The Hindu)

-The Hindu It would be much easier for the government to provide relief to people if the tax base was wider, says Revenue Secretary Tarun Bajaj, noting that four crore people don’t file returns though the tax department gets some TDS collections on their account. With major customs duty rationalisation done and corporate tax settled, the government hopes to finish some pending reforms in personal income tax and GST, creating a...

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GST mop-up hits a record in March -Vikas Dhoot

-The Hindu The indirect tax collections were 27% higher than that in March 2020. The gross GST collections in March hit a record of ₹1,23,902 crore, the Union Finance Ministry said on Thursday. This is the sixth month in a row that GST revenues have remained above ₹1 lakh crore. “The GST collections for March have created a record; it has never been so high. We have crossed the record collections by a...

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Haryana woos Chinese cos, offers vast tracts of land-Ananth Krishnan

-The Hindu The Chinese government is also likely to considering locations in Gujarat, Maharashtra and Tamil Nadu for industrial parks Beijing: Haryana has made available thousands of acres of land for purchase by Chinese companies, State government officials told potential investors here on Wednesday, in an effort to court investment into newly planned industrial bases. Haryana officials told The Hindu that the China Development Bank (CDB) - the powerful State-run bank that is...

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Consumer forum stays water privatisation in Khandwa-Soma Basu

-Down to Earth Town's municipal body asked to first address objections filed by residents The decision of the municipal authorities of Khandwa, a medium-sized town in Madhya Pradesh, to hand over water supply services to a private company, has been stalled. The Consumer Forum of Khandwa stayed the notification for water supply privatisation on December 31 and asked the city’s civic body to address all the objections raised by residents against the...

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