1. July updates
abhishek s arackal

2. 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

3. 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

4. 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

5. 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

6. 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.

7. 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

8. 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

9. 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
$38 bn in
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