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