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Which side are you, Montek? Air Asia India will set new benchmarks for budget travel More tributes to GR to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Revving up the manufacturing sector Plummeting profits of PSBs Shale gas and its shallow future Tatas moving out of urea production... Naidu will soon build a new Hyderabad Like Hinduism: many paths to reach God... TELANGANA at last…BUT The Gulf aviation boom Robber barons everywhere Increasing non co-operation of state leaders A rich pool of talent not utilised…. Nuclear power at the nucleus Alexa – Talking Wikipedia The nuclear option Medical costs hit the roof... Auto components surge… Silver Years of Madras Musings Welcome changes that testify to Jayalalithaa’s return to health Godspeed, Chief Minister JJ Solar thermal shines… Tough task taking states together Cutting the nose to spite the face Delhi is distant Not just in-laws (and outlaws); they’ve renowned academics at the helm! Naidu’s return augurs well for Seemandhra New IT products of Ramco in the pipeline… Gas is the way forward Inflation: are we emulating Argentina and Brazil? Of course, Gujarat is vibrant Welcome thrust on trade in Modi’s foreign visits... Things happen by accident and not by design... Sweet news for TN sugar mills The Jan Dhan bonanza Banning booze... Eternal support for capitalisation of PS banks Readers' Mail Cleaning Ganga – relocate tanneries and install electric crematoria Moily’s bold thrust Focus on quality of power - its only around 170-180V Measuring roof tops in terms of KW/MW The why of tax incentives Preserving for the future The few handicaps... SoA @ 80 Muffled voices for merit… Tatas moving out of urea production... Discoms deserve better… Fortune for Indian Airlines When nations steal growth from one another… Rahman at CIC Solar, solar everywhere … Odisha: spectacular win by Naveen Patnaik Marketing expert Balagopal is no more The brown list of Venkitaramanan Padma Bhushan for A Ramakrishna Why land prices zoom in TN? L&T: focus on infrastructure and more infrastructure… Parliament in paralysis... A professional at the helm of IRDA... Pharma – overdose of copying Poor quality of university VCs Align crops to agro climate endowments… Tribute Kinetic Karnataka Lalu’s envy, India’s pride Come elections, come advertisements... PC’s preference for professionals Another Indian music maestro at the UN Wise Presidents Fuel for thought Why this malaise in medical education? Noble nonagenarians... Multi-faceted Venkat Diamond jubilee of Egmore Samskrt School The rise and fall of Annamalai University Fall in crude prices help in oil sector reform IPL - no surprise this scam Build close rapport with business leaders A yen for wastage… Haul over the coal Small units prefers to remain small... Mu Sigma – is no more A C Muthiah – his munificent bequeaths to science Land reclamation from sea appears cheaper! Don’t seem to feel the pulse… Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated The sea- saw battle continues... Sri Lanka votes for change Streamlining mandatory third party cover The ‘Jayanthi Tax.’ A Grand Finale for SN’s MS centenary at the US… Gay abandon in pricing ONGC at KG Basin When online building permits work…. More heat than light The ‘Ayyo-yes’ is no more IAS invades NDDB... Rs.1600 crore paper board plant of TNPL Adapt Vajpayee dinner diplomacy China invests in India Editor's Says How Air-India loses customs... Breaththrough in malaria control For whom the bell tolls? TN accounts for the largest recruits by the IT sector Paytm karo... Where a state respects its litterateurs… CRS, a jewel among managers, is no more. Secularism and anti-Hinduism Scientists urged to take up farmer-oriented research Whistle-Stop Tour of Raghuram Rajan Airlines in India: cost and space Maximising the micro pricing … An enemy’s enemy is a friend A Grand Finale for SN’s MS centenary at the US… An inexplicable neglect Remembering Indira Sivasailam... Delhi is distant… Editor's Notes Tihar, Puzhal not different from Parappana Agrahara Welcome GST Contrarian cousins The Ports’ Pasha expands into Tamil Nadu CSR and CMI: promise of another Srinivasan Ramanujan... TIAM turns a full cycle Modi and the lady Kudos to NDTV... Bihar – Nitish Kumar adopts the Lalu model The rise and rise of KCP Demise of a media baron... Valli, they are more marginalised Tribute – UCAL Selvan… Adharma of opposition politics Tribute – M V Murugappan TGS- The king storyteller IPL type auction for VCs? Boy, can you beat these? Road development slows down Mersal magnified Convulsions in The Hindu Insurance companies bleeding, yet no decision on increasing FDI limit! Modi storms Silicon Valley When TN politicians can emulate Kerala's When Ratan Tata visited SRM Reliance’s TV – 18 ready to launch Tamil News Channel GM Technology at last! S V Raju – a ‘good’ true liberal EEC at the National Media Centre Five star activism stalls development activity The star of Spencers is no more Engineering seats go abegging A think tank for Chennai More Shakti to resource mobilisation... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Excel Generators provide the vital back-up MHC should not return to its old indisciplined ways A more liberated TN… This scant respect for Law Vibrant Gujarat No mega rail project for Tamil Nadu Lesson from Chandrababu Naidu Quality silica from Neyveli He saved millions from starvation... Revive development banks... EVM is tamper-proof Tax agriculture Cement prices continue to rise… Waning interest in public discussions… He continues the focus on social amelioration Liberal imports idling indigenous capacities Kulandai was a giant A proud Madrasi Shipping woes of Chennai companies Dr C Rangarajan returns to Chennai Online not in line with brick and mortar businesses... Bihar elections - the Rajaji formula worked Limit foreign borrowings to hi-tech, export potential projects... West Bengal: mindless malignancy Building loyalty through the stomach Telangana in top gear… When the President was rendered homeless… Funding the un-funded The power-full Hindujas Wanted: a second airport for Chennai More Shakthi to Das’ elbow London, London Narayan Fortune 500 review There was flood of milk. Reason: no milk commissioner! …and of a popular trade leader Delhi Chalo... Should we change the official year? Quality education through the PPP mode Protest masters... Recognition to role of NBFCs.... Music happens Where is Rajaji? For whom the MIDS bell tolls? Poor representation for Kerala and TN in Cabinet Make standards certification mandatory... Delhi returns to BJP R Sridhar steps down as CEO of Shriram Capital Return to king coal for urea... Strengthen the base... Permanent secretariat for TN GIM GNS - 100: our first subscriber Shaming of Tamils by Tamil farmers at Delhi S Ramanathan – a versatile musician, musicologist A glass full of corruption An informal presentation - analytical, forward locking... Roaring Ro-Ro facility The balancing act When small is no larger beautiful.. Tribute – Manikam Ramaswami The Swadeshi Trump Making ‘my Amaravati’... A welcome initiative by the judiciary CIPET hqrs to stay at Guindy – for the present? TN-leverage strength of BHEL, NLC... PPP mode for upgrading Corporation Hospitals Put expensive assets created to use... L&T- the specialty of special purpose vehicles No engine for this car F C Kohli - his concerns all embracing Colour-Chem’s colourful KRVS Russi Mody – a tribute WTO Meet: resolved to meet again Shanti and Sadhana through Music Computation of GDP – conundrums continue No Maha Koottani in TN... CII projects higher growth… Sweeter prospects for sugar Intellectual of rare qualities Towards speedy justice Welcome focus on core competence B H Kothari - a tribute All eyes on Sankara Nethralaya Infrastructure funding – lessons learnt TN – agglomerate land holdings without alienating ownership Polls and promises A friendly business group
 
Tax agriculture

NITI Aayog member Bibek Debroy and Chief Economic Adviser Arvind Subramanian have been favouring tax on agricultural income. IE has been advocating this for long. The exemption for agriculture has been resulting in prosperous business sections acquiring agricultural assets (land to a great extent) and often use this for manipulating tax returns. Jayalalithaa, for instance, had shown in her affidavits in the disproportionate assets case, huge incomes coming from her orchards in Andhra Pradesh. 

Just look at the pathetic state of tax payments: hardly around three crore, of the 126 crore population, file tax returns. Of this less than half, around 1.5 crore, pay income tax. One notices large sections of land-owning gentry merrily showing losses on agricultural operations; it is so difficult to keep track of the income and expenditure on such transactions.  Of course, agriculture being a state subject taxing it is under the jurisdiction of the states and since the farming community is a significant constituent of the vote bank, state governments are wary of taxing this sector. 



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