Parliament watch: Measures to push GST mopup
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Last Updated: Mar 17, 2021, 09:20 AM IST
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“Greater awareness about the GST structure and punitive action in case of non-compliance needs to be created among the assessees on a wider scale,” the committee headed by Jayant Sinha, added in its report presented in Rajya Sabha, Tuesday.
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Corporate Social Responsibility (CSR) funds are not used for implementing the government s central schemes, the government on Tuesday informed Parliament.
The Parliamentary standing committee on finance sought that the government initiates all possible structural and enforcement related measures to shore up GST collections, in order to make up for the compensation requirement for states amid loss in revenue collections due to the Covid 19 pandemic. It noted, however, that collections were on the rise in recent months, it recommended in its report on demand for grants for 2021-22. The committee asked the department to
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Major urban forestry initiative begins at Konalai
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Women planting saplings at Konalai village in Tiruchi on Thursday.
| Photo Credit: SRINATH M
Planting of 1.5 lakh saplings at Konalai in the outskirts of Tiruchi has begun. It is part of a major urban forestry initiative and the eight one in the district, after Pullambadi, where 20,000 saplings were planted. The other projects being Lalgudi (15,000 saplings), Srirangam and Samayapuram (10,000 each), Irungalur (1.5 lakh), Poonampalayam (50,000), and Inam Samayapuram (8,000 saplings). The urban forestry initiative at Konalai is said to be one of the largest in the State, officials said.
Collector S. Sivarasu, who inaugurated the drive planted a sapling as a symbolic gesture. He said the urban forestry initiative would be carried out based on the Japanese Miyawaki model. It would come up on 12 acres of puramboke land. Besides volunteers, environmentalists and officials, workers of the Mahatma Ga
The High Court of Orissa has passed several vital judgments in January 2021. This month holds more importance as Hon ble Dr. Justice S. Muralidhar took over as the new Chief Justice of the High.
A bet on reforms-driven growth despite India’s fiscal compression
India’s finance minister also announced a set of financial sector reforms, be it in insurance, banking or development finance. Success would depend on how well these are carried out.
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Sudipto Mundle
The budget has announced some laudable reform initiatives but their success will depend on how well they get implemented
The budget has surprisingly opted for fiscal compression at a time when our economy needed higher spending. Thankfully, capital expenditure has risen, which can offer multiplier gains.
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A game-changing 2021-22 budget was required to reboot the economy and revive growth, apart from one with greater transparency, especially with regard to extra-budgetary resources. Three key requirements included: (i) high expenditure growth to pump-prime demand, (ii) a shift in expenditure allocation in favour of income support and public investment, combining the