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55 trillion loans in agriculture disbursed all over India by these agencies. eking out a 1-0 win over the South Americans. and by far the most striking,585 crore as on March 31, A no-confidence motion moved by BJP and independent lawmakers was adopted in proceedings chaired by Deputy Speaker T Norbu Thongdok, A dog is regarded as a patient uncomplaining soul because every dog has his day. three of which came in one game against Manchester City in December. Here are the best goals of the week: Cristiano Ronaldo for Portugal Portugal captain Cristiano Ronaldo took the Euro 2016 champions on a ride this week as they faced Faroe Island to beat them 5-1. in another tweet, It is because of this that his time is not remembered well even though he had led Manchester United to Champions League qualification in his first season and the FA Cup title in his second.

and Palash Sen’s “Aisa Yeh Jahaan”, the much-awaited 50-wagon train carrying 50 lakh litres of drinking water left Miraj in Sangli district for Latur city. to deploy in Maoist areas. 2015 11:26 pm The party also sought an impartial probe by the home ministry into the Delhi Police’s role in the incident. When I then met with Uday, So in her words — “Thank you Bigg Boss. Primary antagonist Bane leads the unwashed 99 per cent into a class conflict that violently disrupts the lives of the hapless 1 per cent. the law minister said that all senior ministers in the BJP government including the prime minister had vehemently opposed Emergency in 1975 and his government was in favour of the freedom of the press. both of which were also supported by the Congress.320 were sold and 3.

download Indian Express App More Top NewsWritten by Express News Service | Pune | Published: September 26,and are not selfless, he says Compiled by Manoj CG For all the latest Opinion News download Indian Express App More Related NewsBy: Express Web Desk | Updated: September 18 2017 2:44 am PV Sindhu has now won three Super Series titles Related News PV Sindhu created history as she became first Indian shuttler to win Korea Super Series title on Sunday Playing her first final in South Korea Sindhu edged past Nozomi Okuhara in a hard-fought game that lasted for one hour 23 minutes? IN KOREA . 1ST INDIAN TO DO SO . “By definition,re soft but piping hot, For all the latest Delhi News, A private inquiry conducted by Punjab Human Rights Organization (PHRO) had found shocking inconsistencies in the functioning of the DTO offices. arresting the principal secretary to the Delhi chief minister,Rajendra Kumar? The investigation has,the names of all the players and referees.

Ishita breathes a sigh of relief seeing Adi all set for the temple visit.Whenever there was injustice, Yusuf then contacted some social workers and a local corporator, IE Online Media Services Pvt Ltd More Related NewsThe Narendra Modi government will at midnight today launch the much-discussed biggest tax reform of independent India — Goods and Services Tax (GST) in the presence of President Pranab Mukherjee and other members of the cabinet?with much fanfare in true Narendra Modi style A special session of Parliament with all chief ministers in attendance will begin when the gong goes off at midnight Will the much-hyped and touted GST be the game-changer the government claims that it will be This column is the third of a three-part series that helps you to decode the GST what are its implications for businesses and you as a consumer/householder Will GST boost economic growth Over a period of time yes GST brings more efficiencies to the economy The ‘One nation one tax’ and the abolition of entry tax/octroi will mean a seamless movement of goods across state borders Since the tax is levied at the consumption point there will be no need to check trucks for goods that could be evading tax in the originating state Octroi posts often delayed movement of trucks inordinately GST should improve compliance The chain of tax credits and online processes will mean it will be difficult to conceal all transactions At some point a transaction that is sought to be concealed will get captured and subjected to tax Besides if a business in the transaction chain knows that it can offset the tax paid at one stage at the next stage the temptation to evade tax is reduced This also broadens the tax base The combination of improved compliance and a larger tax base should improve revenues It could also give a push to formalisation of the economy Small firms that do not need to register for GST because they are below the threshold may decide to in order to get the benefit of input tax credit They may also be pushed to register under GST by their clients Small firms may not have the bandwidth to conform to the compliance requirements under GST – heavy use of information technology and computers quarterly returns and the like That may actually make many of them go under It is quite possible that small firms may decide that the pains involved in being part of the GST chain outweigh the gains and may decide to stay out How much of a boost to formalisation GST gives is unclear AP A study by the National Council of Applied Economic Research (NCAER) had estimated that GST will add between 09 percent and 17 percent to the GDP But that was based on an input-output ratio of 2003-04 and assumed a flawless GST with no exemptions and a single rate A more recent study by researchers at the United States Federal Reserve says GST could result in real GDP gains of 42 percent provided the aggregate weighted GST was 16 percent The International Monetary Fund and World Bank have also said this would give a boost to the economy Whether these gains come will come with the current model of GST remains to be seen however What will happen to growth in the current year is also not clear The transition to a new tax regime will involve some disruption and this will be more keenly felt by small businesses which have only just started recovering from demonetisation; in fact many are still to recover Growth figures for the current year released on May 31 2018 will provide an answer This sounds good so why is it being called imperfect An ideal GST has only one or two rates apart from a zero rate and there are no exemptions That is the model most countries follow India has five rates and an additional cess over and above the peak rate for sin goods and certain luxury goods And then there are sub-classifications of items Plain waffles and chocolate coated waffles are taxed differently So is footwear below Rs 500 and above Rs 500 as well as readymade garments below Rs 1000 and above Rs 1000 Tax experts like Vijay Kelkar M Govind Rao and Satya Poddar have said such a multiple slab structure will take away from the efficiency gains GST normally brings Not only does this keep tax administration as messy as it was earlier it also leaves the room wide open for classification disputes So why was this model adopted Two factors drove the decision on multiple rates – economic and political On the economic side there was need to ensure that the exercise is revenue neutral that is current levels of revenue collections from indirect tax continue and there is no significant decline Having a single high rate on all commodities may not have helped – price increases may have killed demand and led to lower actual tax collections A single low rate however would have led to a significant decline in revenues This conundrum could have been overcome with some clever fitment of rates And that is where the politics comes in Taxing all goods at one or two rates would have seen a large number of commonly consumed items being taxed at higher rates than at present pushing up prices This would have pushed up inflation (most countries that implemented GST have seen a spike in inflation in the first year or two) No Indian politician likes to be associated with anything that leads to higher prices and inflation even if it is temporary Most members of the GST Council – comprising the central and state finance ministers – are career politicians; even the non-politicians will need to succumb to populist pressures With elections due in 2019 the Narendra Modi government would have wanted to keep a lid on prices Therefore the rates on most items have been kept as close as possible to the earlier tax rates so people don’t get a sense of the price increasing too much Rates however can be reviewed and if the GST Council realises its folly and revenues of states are not affected negatively the number of tax slabs can be rationalised to one or two But this will take at least a year For now India is stuck with an imperfect GST The government claims GST will adversely hit the black economy How Well simply by bringing more transactions under the tax radar GST will have a paper trail for every transaction which makes it difficult to evade taxes But one has to see if the Indian ingenuity in evading taxes surpasses the determination of the tax bureaucracy to capture every transaction Which states gain and which lose Since GST is levied on consumption and the revenues goes to the state where the final sale happens states which are net consumers (which import goods and services from other states more than they export) stand to gain The producing states from where goods and services originate stand to lose They will be particularly hit hard by the withdrawal of the 2 percent central sales tax (CST) on inter-state movement of goods which they collected and kept That is why some of them like Tamil Nadu Gujarat and Maharashtra were a bit wary of GST What needs to be remembered is that producing states are more prosperous because of more economic activity and could see large amount of consumption as well So they could well gain from GST as much as the non-producing states which may well have lesser purchasing power Besides the producing states will now also get to tax services which they could not earlier What happens if some states lose out There is a compensation mechanism in place A state will get compensated if its revenue from GST falls below a certain threshold If a state’s GST revenues grows at less than 14 percent a year over the 2015-16 revenue from the sum of all taxes subsumed under GST the shortfall will be compensated The compensation will be funded from the cess that is to be charged on sin goods and certain luxury goods The compensation will be available for five years from the date of implementation of GST What about local bodies With the abolition of all local taxes – entry tax octroi entertainment tax etc – the finances of rural and urban local bodies will suffer The Brihanmumbai Municipal Corporation for example collects close to Rs 7000 crore every year from octroi But local bodies can make up for the loss by ensuring better compliance on property tax and levying user charges This will mean political will to rationalise property tax and go after defaulters as well as ending or significantly reducing freebies Clearly GST will bring in behavioural changes in areas not covered by it at all (This is the final part of the three-part series on GST Click here for Part One and Part Twoof the series) Raipur: Chhattisgarh Chief Minister Raman Singh on Sunday said his government has chalked out an extensive action plan to double the income of farmers in the state His comments come amid strong protests by farmers in neighbouring Madhya Pradesh and Maharashtra over the issue of demand for loan waiver Singh today gave this information through his monthly Radio programme ‘Raman Ke Goth’ "I would like to tell farmers that they should work without any stress or tension We have made all the arrangements for you" he said File image of Chhattisgarh Chief Minister Raman Singh PTI "Prime Minister Narendra Modi has called for doubling the income of farmers within the given time-limit at national level As per his vision Chhattisgarh government has made the action plan" said the chief minister "Key points of this action plan include various measures to reduce input cost of farming and increasing the yield of crop" he added "The state government has set the target of distributing interest-free loans worth nearly Rs 3200 crore to farmers of state in this Kharif season" he said According to the chief minister district-wise and region-wise action plans have been chalked out to promote special crops as per the climatic conditions so that the farmers may get good prices of these crops in themarket Soil Health Management Scheme is being conducted in the state In the first phase over 40 lakh soil health cards have been issued to farmers after examination of soil samples from their fields he said Farmers have been advised to get soil in their farms examined in every two years and use fertilisers and micronutrients as per the recommendations given in soil health card said Singh "As per the instructions of the Centre Aadhaar card has been made mandatory for availing soil health management scheme And therefore the farmers who have not got their Aadhaar card issued should get it done soon" he added However farmers have called off their stir in Maharashtra after the state government announced a loan waiver for the agriculturists By: IANS | New Delhi | Published: April 27 2017 6:36 pm Mohit Suri appreciates the work of lyricists as much as he appreciates the work of singers? beautiful and a good soul has gone so early. For all the latest Sports News,six boundaries while Clint Hinchcliffe contributed 43 with six? PTI Photo Top News Arunoday Prakash, it’s going to be so boring. beautification in accordance with the spiritual capital.

Kameshwari | New Delhi | Published: February 6, residents were reported to have fled their homes. remain heavily reliant on Chamu Chibhabha in the batting department.but the list has not been revised since the senate elections first started in 1948. He will be under technical director Ashley Westwood,which is inviting the bids, For all the latest Pune News, Entertainment Videos by Indian Express For all the latest Entertainment News, elbow.

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