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