New Delhi- Individuals with yearly income up to Rs 5 lakh will get
In the Finance Bill, 2019 the maximum amount of tax rebate under section 87A of the Income Tax Act has been proposed to increase to Rs 12,500 from the existing Rs 2,500. This proposed tax rebate will be admissible to taxpayers having total income up to Rs 5 lakh instead of current Rs 3.5 lakh
As a result, the Finance Minister added that persons having
gross income up to Rs. 6.50 lakhs may not be required to pay any income tax if
they make investments in provident funds, specified savings, insurance etc. With
additional deductions such as interest on a home
loan up to Rs.2 lakh, interest on education loans, National Pension Scheme
contributions, medical insurance, medical expenditure
on senior citizens etc, persons having even higher income will not have
to pay any tax, Goyal said.
If your net taxable income after availing all the deductions under section 80C to 80U of the Income tax act does not exceed Rs 5 lakh, then you will not be required to pay any tax. However, if your net taxable income (after availing deductions under section 80C to 80U), exceeds Rs 5 lakh then taxes will be calculated as per the current tax structure.
says the Economic Times explaining the decision
STANDARD DEDUCTIONS RAISED
For salaried persons, Standard Deduction is being raised from the current Rs.40, 000 to Rs.50,000. This will provide an additional tax benefit of Rs.4, 700 crores to more than 3 crore salary earners and pensioners, the Finance Minister said.
TDS THRESHOLD INCREASED
Tax Deduction at Source (TDS) threshold on interest earned on bank/post office deposits has been proposed to be raised from Rs.10,000 to Rs.40,000.
RELIEF TO RESIDENTIAL HOUSES
It has been proposed to exempt the levy of income tax on notional rent on a second self-occupied house. Currently, income tax on notional rent is payable if one has more than one self-occupied house.
Further, the Finance Minister proposed to increase the benefit of rollover of capital gains under Section 54 of the Income Tax Act from investment in one residential house to two residential houses for a taxpayer having capital gains up to Rs. 2 crores. This benefit can be availed once in a lifetime. For making more homes available under affordable housing, the benefits under Section 80-IBA of the Income Tax Act is being extended for one more year, i.e., to the housing projects approved till 31st March 2020.
Finance Minister proposed to extend the period of exemption from levy of tax on notional rent, on unsold inventories, from one year to two years, from the end of the year in which the project is completed.
You can read the Budget Summary and Other Highlights of Interim Budget 2019-20 Here
Three Farm Laws to be Withdrawn, Announces PM Modi Ahead of Elections in Punjab and UP
New Delhi: Ahead of assembly polls in Punjab and Uttar Pradesh, Prime Minister Narender Modi on Friday retreated from his stand on the three contentious farm laws and announced that the government will repeal three laws. He requested the protesting farmers to end the protest that has been going on for over a year now.
He said the three laws would be repealed in the winter session of Parliament starting later this month. He also said that though the laws were in the interest of the farmers, his government failed to convince them.
आज मैं आपको, पूरे देश को, ये बताने आया हूं कि हमने तीनों कृषि कानूनों को वापस लेने का निर्णय लिया है।
इस महीने के अंत में शुरू होने जा रहे संसद सत्र में, हम इन तीनों कृषि कानूनों को Repeal करने की संवैधानिक प्रक्रिया को पूरा कर देंगे: PM @narendramodi
— PMO India (@PMOIndia) November 19, 2021
The Prime Minister chose the occasion of Guru Nanak Jayanti to make this announcement. The decision is being perceived as an attempt to appease the farmers, especially in Punjab ahead of the assembly polls. Also, the results of by-poll held in various states are being seen as a setback to the ruling government that compelled it to reconsider its stand on the farm bills.
The Prime Minister said, “today I have come to tell you, the whole country, that we have decided to withdraw all three agricultural laws. In the Parliament session starting later this month, we will complete the constitutional process to repeal these three agricultural laws”.
It’s pertinent to mention that the Centre government had to announce a cut in taxes on petrol and diesel right after the results of bye polls were declared.
The three contentious bills are The Farmer’s Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 and the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill.
The opposition Congress and farmers’ bodies have termed it a victory of their unity against the government’s decision. Former Chief Minister of Punjab, Captain Amarinder Singh was one of the first to welcome the decision through a Tweet.
Great news! Thankful to PM @narendramodi ji for acceding to the demands of every punjabi & repealing the 3 black laws on the pious occasion of #GuruNanakJayanti. I am sure the central govt will continue to work in tandem for the development of Kisani! #NoFarmers_NoFood @AmitShah
— Capt.Amarinder Singh (@capt_amarinder) November 19, 2021
यह जीत देश के किसानों की जीत है, लोकतंत्र की जीत है।
— Congress (@INCIndia) November 19, 2021
Himachal Kisan Sabha Condemns Alleged Mowing Down of Protesting Farmers by Minister’s Son, Calls it “Ghastly” and “Inhuman”
Shimla-Himachal Kisan Sabha has condemned the incident where four farmers were allegedly run over by vehicles in Lakhimpur Kheri district of Uttar Pradesh on Sunday, terming it a “ghastly” and “inhuman” act. The Sabha paid tribute to the martyred farmers and demanded immediate arrest of Ashish Mishra – son of Union Minister of State for Home Affairs Ajay Mishra – and other accused and book them under Section 302 (murder).
The farmers have alleged that three SUVs that mowed down protesting farmers were part of the convoy of the Union Minister of State. The farmers alleged that Minister’s son was behind the wheel in one of these SUVs. Following this incident, violence broke out that killed four more persons. The Minister, however, denied the allegations.
Kisan Sabha also demanded that an inquiry should be conducted into the incident by a Supreme Court Judge. The Sabha also demanded that the Union Minister of State should be suspended with immediate effect.
Sabha said that it’s extremely shameful that the Centre government is attempting to end farmers protest against three Farm Laws in a dictatorial way by means of violence.
“On September 25, 2021, Union Minister of State, Ajay Mishra, had threatened to end the farmers protest within two minutes in a public meeting, and now his son has been alleged of mowing down farmers,” said State President of Himachal Kisan Sabha, Dr Kuldeep Singh Tanwar.
“The execution of this ghastly act merely one day after the non-violence day clearly reflects that the current Centre Government has no belief in democracy. The government wants to suppress dissenting voices rising against it at any cost,” Tanwar added.
Dr Tanwar further added that protests would be staged against this “barbaric” act in Himachal Pradesh too. The sacrifice of martyred farmers won’t go in vain, and it would only strengthen the farmers’ protest, he added.
Meanwhile, following this incident, Priyanka Gandhi, who was on her way to Lakhimpur to meet the affected families, was detained by police, while Akhilesh Yadav – former Chief Minister of UP and president of Samajwadi Party- was put under house arrest ahead of his scheduled visit.
Police force deployed outside former Chief Minister and Samajwadi Party president Akhilesh Yadav's residence at Vikramaditya Marg ahead of his scheduled visit to Lakhimpur Kheri where 8 people including 4 farmers died in clashes yesterday pic.twitter.com/iQf0zmCrAp
— ANI UP (@ANINewsUP) October 4, 2021
"मैं उन किसानों से महत्वपूर्ण नहीं हूं, जिनको तुमने मारा है।"@priyankagandhi जी के ये भाव बता रहे हैं कि वो किस दर्द और पीड़ा के साथ किसानों से जुड़ी हुई है और रातभर सड़कों पर उतरी है।
— Congress (@INCIndia) October 4, 2021
ये रौद्र रूप है नारी का, दहन करेगी अहंकार।
— Congress (@INCIndia) October 4, 2021
Covid-19 Needs a Regional Response, Say Physicians and Activists at SAPAN Meeting
Peace activists under the SAPAN platform conducted an event on Sunday which included prominent physicians like Dr Zafrullah Chowdhury, Dr Anup Subedee, Dr Vandana Prasad, and Dr Hamid Jafari of Pakistan (led the team that eradicated polio in India). Speakers included Salima Hashmi, Khushi Kabir, Kanak Dixit, Lalita Ramdas, besides journalists Beena Sarwar, Mandira Nayar and others. Activist Priyanka Singh conducted the event.
“South Asian countries cannot go it alone, that’s irrational,’’ said Dr. Zafrullah Chowdhury, renowned public health activist and Ramon Magsaysay awardee from Bangladesh.
The hard lockdown in his country will lead to furthering the inequalities in society, he warned, emphasizing that it is irresponsible to impose lockdowns without providing food. “Poverty has increased. There are 25 million more poor without food.”
Dr Chowdhury was among the physicians and health right activists across countries who came together on Sunday 27 June at a webinar organised by the South Asia Peace Action Network (SAPAN) to emphasize that the coronavirus pandemic must be fought collectively.
The third in the series of SAPAN’s monthly public webinars themed ‘Imagine: Neighbours in Peace’, the meeting focused on health as an entry point to talk about South Asian regionalism and Healthcare for all. Three main aspects deliberated included:
– How the pandemic is affecting rural areas of South Asian countries, hurdles in treatment, and access — or lack thereof — to vaccinations.
– How COVID-19 has affected mental health, women and particularly women in rural areas of all the countries of the region
– How the challenges are similar in all countries of the region and require similar solutions.
The meeting took place at a time when South Asia is reeling from the devastating second wave of Covid-19, especially in India. With Delta plus virus mutation now detected in parts of the region, the possibility of another wave looms large.
Journalist Mandira Nayar in Delhi moderated the physicians’ panel with Dr Zafrullah Chowdhury in Dhaka; infectious diseases specialist Dr Anup Subedee in Kathmandu and public health activist Dr Vandana Prasad also in Delhi. Dr Hamid Jafari of Pakistan, who led the WHO team that eradicated polio in India, joined from his current posting in Jordan.
Dr Chowdhury advocated challenging vaccine-producing countries and pushing South Asian governments to invest more in public health.
Participants also noted that the pandemic has particularly hit women hard.
“Domestic violence has increased,” noted Dr Prasad. Women often lack control over finances, are primary caregivers and shoulder the responsibility of caring for the ill. The pandemic has pushed women further into the margins, she said, adding that there is also a “gender dimension to the access of vaccines”.
She urged doctors to enter the peace activism domain, because the poor all over are at the brink of disaster.
Dr Prasad drew attention to the gendered nature of pandemic and frontline workers, as well as Dalits, indigenous people, other minorities. “Telemedicine is important, but we must not lose focus on need for ground-based public health to begin with”.
Frontline workers in India, the accredited social health activist (ASHA) workers often lack training, safety equipment and often doesn’t get her wages for months.
While highlighting that a public health system is meant to be a great equaliser, Dr Anup Subedee noted how the pandemic exposed systematic failures in many aspects of life in Nepal, referring not only to the grievous impact on non-Covid healthcare – like child immunization and maternity care – but also the painful ordeals of healthcare community itself.
He shared how the healthcare community in Nepal has been compelled to deal with threats of violence, lack of access to personal protection equipment, prospects of income loss without any social security system support, and an unaddressed mental health crisis among healthcare workers.
Doctors at the meeting endorsed the need for greater cooperation and collaboration across borders. Participants called on the governments to allow free flow of critical equipment and medical personnel across borders. Prime Minister Narendra Modi had floated the idea of a SAARC medical visas for patients and for medical teams to assist during the pandemic – something that must be followed up.
The doctors also urged the international fraternity to push for a Trade-Related Aspects of Intellectual Property Rights, or TRIPS, waiver so that the Covid-19 vaccine production can be ramped up. “It is the way forward for vaccines for all,’’ asserted Dr Prasad.
Activist Khushi Kabir in Dhaka introduced the event. She talked about connections, sharing her memory of how Dr Haroon Ahmed, one of the event’s speakers, was her physician when she was a child and he was starting work at a government clinic in Karachi. Dr Haroon was unable to join at the last moment due to ill health.
Wishing him a speedy recovery, Khushi commented, “Each time we meet, there are more losses people who have been part of our journey”. As at the previous SAPAN meeting there was a commemoration of mentors and leaders whose vision SAPAN is taking forward, like Asma Jahangir and Dr Mubashir Hasan, and Nirmala Despande and others.
There was also a moment of silence to express condolences and share the grief of the families and friends of those lost to Covid and other causes over the past month. “Since we were unable to memorialise everyone, the presentation could only be symbolic,” noted Khushi Kabir.
The In Memoriam slideshow includes journalist Ghazi Salahuddin’s three siblings taken by Covid in as many weeks, including Dr Aquila Islam, Pakistan’s first woman nuclear physicist. It also included the legendary runner Milkha Singh and his wife, volleyball champ Nirmal Saini who died within days of each other, and radiologist Chinna Dua, 56, wife of journalist Vinod Dua. She had endeared herself to music and poetry lovers across the region when she joined Tina Sani some years back at the Faiz Festival in Karachi – on Facebook at this link.
Ghazi Salahuddin has written about his family tragedy in a brave and heartbreaking oped for The News, Partings without goodbyes (20 June 2021), noting: “my struggle to cope with this terrible bereavement was eased a bit when I reminded myself that this pandemic has devastated so many families across the world…”
Several well known activists and experts also joined from Pakistan, India, Bangladesh, Nepal and elsewhere, including Hina Jillani, Urvashi Butalia, Jean Dreze, Kavita Srivastava, Shireen Huq, Kanak Mani Dixit and others.
The South Asia Peace Action Network (SAPAN) is primarily a coalition of individuals and organisations aiming to take forward a peace agenda for the region, building on the work done by mentors and leaders over the last few decades.
SAPAN founder and curator Beena Sarwar shared the story of this network and her vision for an inter-generational, multi-sectoral, inter- and intra-regional coalition of individuals and organisations coming together in broad consensus for a one-point agenda.
Facebook live recording is online at this link.
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