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