July 2015 updates abhishek s arackal

Farmer’s Plight Need to enhance the Minimum Support Price Modi increase 3.6%, but not enough NSSO survey says Farmer family earning = Rs. 3078 We need INCOME policy for farmers CSDS, centre for study of developing societies = 62% wants to quit farming Also defy WTO which demanding freezing of MSP Government plans to constitute National Farmer Income Commission

Approved 122 amendment GST act 2015 GST BILL 1% additional tax on inter state movement of goods Overcome problem of indirect tax structure viz multiple levies, cascading of taxes. Approved 122 amendment GST act 2015 No clarity in determination of supply of goods and services

To fill the gap, sought foreign aid Pondicherry and Nagpur 100 smart cities Government allocated $962 million For entire project Require $2 tn To fill the gap, sought foreign aid Pondicherry and Nagpur For 3 smart cities France = $1 bn

MAT – minimum alternate tax No new demand for MAT Based on A P Shah committee Levy of MAT from FIIs Govt against exemption given to FPI – foreign portfolio investors Govt following 2012 order of AAR – authority for advance ruling TAX department already issued notice to 68 FIIs amounting to Rs.602 cr Plans to raise Rs.40,000 cr

Thus hyper market under big bazar and super market under food bazar Future Group Bharathi Retails Thus hyper market under big bazar and super market under food bazar Thus Kishore Biyani, 2nd retailer just behind reliance. Exit of bharathi from retail.

Road Connectivity Port Blair and Bamboo flat Jammu and Akhnoor, heading to Poonch NE, Myanmar and Bangladesh connect Bharat Mala projects – coastal road building By NHIDCL ADB funds – for IMPHAL to MYANMAR JICA – Japan International Cooperation Agency fund – Assam and Meghalaya to Bangladesh JICA – Tripura to Bay of Bengal port Chittagong in Bangladesh

Modi’s neighbourhood first policy Indira – Mujib LBA Land Boundary agreement of 1974 Border we share – 4096km 5th longest in world Modi’s neighbourhood first policy

Economic corridor through Pak - Kashmir Border issues, trade deficit, Modi’s china Economic corridor through Pak - Kashmir Border issues, trade deficit, Problems:- $40-45 bn in 2014-15 $38 bn in 2013-14 Reduce Trade Deficit Electronic visa on arrival Chennai – Chengdu Sister – City 2015 as visit India 2016 as visit Cina Designated 21 agreement signed $22bn Hotline between Military HQs