A joint working group comprising top functionaries of the NITI Aayog and Yogi Adityanath government will prepare a roadmap to ensure all-round development of UP.
In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income.
Debroy said that even on the consumption side, subsidies should only be given to ‘unambiguously targeted individual prospects’.
Prior to NITI Aayog’s recommendations, Chief Economic Adviser (CEA) Arvind Subramanian had suggested in the Economic Survey that taxing the well-off in the agricultural segment would help widen the taxpayer base.
The Niti Aayog has suggested a synchronised two-phase Lok Sabha and assembly polls from 2024 so as to ensure minimum campaign-mode disruption to governance.
In its 3-year draft action agenda, it has also stressed upon the need for reforms in taxation, agriculture and governance for accelerating all-round development of the country.
At present, the Agriculture Produce Market Committee Act (APMC) has not been implemented by majority of states, resulting in farmers continuing to face the brunt of middlemen while selling their produce.
Taxing agriculture income is a politically sensitive issue and successive governments have refrained from doing so.
Taxing agriculture income is a politically sensitive issue and successive governments have refrained from doing so.
Debroy also suggested that exemptions on personal income tax should be removed to increase tax base from the current about 37 million (3.7 crore) in the country of 1.3 billion (130 crore) of people.
Saraswat said the NITI Aayog would pitch for long-term planning of various policy-related issues of internal and external security rather than looking at micro and macro plans.
The current practice was adopted in 1867 to align the Indian financial year with that of the British government.
Prime Minister Narendra Modi on Sunday said that vision of New India can be realised only through combined efforts of all states and chief ministers need to work together for it.
The number of Aadhaar-enabled payments also increased from 2.5 crore in November 2016 to over five crore in March 2017.
NITI Aayog CEO Amitabh Kant on Friday said that India believes in globalisation and not protectionism even though it is being hotly debated in western countries.
With India embracing applications of technologies at an accelerated pace, digital transactions will be done through mobile wallets and biometric modes and credit and debit cards as also ATMs were set to disappear, Niti Aayog CEO Amitabh Kant has said
The Chief Executive Officer of NITI Aayog Amitabh Kant has said that US President Donald Trump’s proposal of bringing restrictions on H-1B Visa procedure will impact America itself.
In a scheme under Niti Aayog to promote digital payments, more than 8 lakh people have been awarded a total of Rs 133 crore in the last one and a half months. The prizes were
NITI Aayog CEO Amitabh Kant made a bold prediction that within three years, cash machines in India will be completely irrelevant, which was greeted with a mixture of enthusiasm and scepticism by the audience at
Over Rs 60 crore worth of prize money has been distributed to over four lakh winners of NITI Aayog's Lucky Draw Schemes for consumers and merchants to promote digital transactions.
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