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24Jun

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Politics

Panel: States’ bonuses on top of paddy MSP distorting markets – Times of India

NEW DELHI: Commission for Agricultural Costs and Prices (CACP), which recommends MSP for different agri-produce, has urged states not to announce bonus over MSP fixed by Centre for paddy as this "distorts the market". The recommendations have come at a time when several states are offering bonus over MSP or political parties have made this poll promise before getting elected.It made these recommendations in its latest 'Price Policy for Kharif Crop' report, which contains MSP for summer crops.It recommended that procurement of rice and wheat should be restricted in those states that impose high charges and pay bonus, in order to bring parity among states. Odisha is the latest state to announce bonus on MSP for paddy after BJP came to office this month."Unsustainable and uneconomical practic...

Centre to transfer extra instalment of taxes to states in June | India News – Times of India

NEW DELHI: Buoyed by healthy cash flows due to good revenue receipts so far this year, the centre on Monday decided to release an extra instalment of taxes that are transferred to the states. “This is a goodwill gesture as the tax collections have been good,” said an official, explaining the rationale while ruling out any cash crunch for some of the states.“It was decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This cumulatively amounts to Rs 1,39,750 crore in the current month. This will enable state governments to accelerate development and capital spending,” the finance ministry said in a statement.With this release, so far in the current financial year, the total amount devolved to states was e...

Opposition | No full stops in INDIA

A viral video of 25-year-old Sanjana Jatav breaking into a dance after winning the Lok Sabha election from Bharatpur in Rajasthan became a shining example of how the Indian National Developmental Inclusive Alliance (INDIA) succeeded in pushing the ruling BJP’s national tally below the 272 majority mark. The wife of a police constable, Sanjana defeated the BJP’s Ramswaroop Koli in the seat reserved for Scheduled Castes, ending the party’s run of two consecutive victories there. She is one of the 19 Congresspersons elected to the lower house of Parliament from SC reserved seats. Her victory is not just about adding numerical strength to Opposition forces, it will also ensure that the brute majority of the ruling party cannot silence them in Parliament. Indeed, the Opposition parties are all ...