Adityanath Keeps Poll Promise, Waives Farm Loans Of
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NO.: DL(S)-01/3420/2015-17 PUBLISHED FROM DELHI & KOLKATA VOL. 12, ISSUE 93 | Wednesday, 5 April 2017 | New Delhi | Pages 16 | Rs 3.00 NO HALF TRUTHS GANG USED SOCIAL INDIA REJECTS FUTURE TENSE: I FIND IT DIFFICULT APPS TO STEAL ANY US ROLE IN COMPUTER TO DIGEST A HIGH-END CARS, RESOLVING INDO- PROGRAMMERS TO FAILURE: HELD PG3 PAK ISSUES PG5 FEEL THE HEAT PG11 TAAPSEE PG16 CASH WITHDRAWALS FROM BANKS ALSO ON THE DECLINE Adityanath keeps poll promise, Tax kitty crosses estimate, govt mops up `17.10 lakh crore waives farm loans of `36,359 cr MPOST BUREAU NEW DELHI: A positive fall- OUR CORRESPONDENT out of the demonetisation Madras HC orders waiver of farm loans for all drive is that the government LUCKNOW: The Uttar Pradesh MPOST BUREAU has exceeded the tax collection government on Tuesday cleared a Rs estimates for 2016-17 fiscal at 36,359-crore proposal allowing waiver CHENNAI: The Madras high court Rs 17.10 lakh crore. tax was 18.4 per cent. of loans for marginal and small farm- on Tuesday asked the Tamil Nadu The revised estimates (RE) However, after adjusting for ers of the state. government to waive farm loans provided in Budget on Febru- refunds, the net growth in cor- The decision was taken at the first obtained by all farmers, instead ary 1 had projected tax collec- porate tax collections is 6.7 per cabinet meeting of the BJP govern- tions of Rs 16.97 lakh crore. cent while that of personal I-T ment, presided over by Chief Minister of limiting the benefit only to those The Finance Ministry in a collections is 21 per cent. Yogi Adityanath. owning less than five acres of land. small farmers who owned up to 2.5 statement said that tax collec- Refunds amounting to Briefing the media after the meet- The court also restrained officials acres and up to 5 acres of land tion of Rs 17.10 lakh crore is a Rs 1.62 lakh crore have been ing, Health Minister Siddharth Nath from initiating any penal or recov- respectively. Calling the categori- growth of around 18 per cent issued during April 2016- Singh said that with this, the prom- ery proceedings against farmers sation that left out other farmers as compared to last year. March 2017, which is 32.6 per ise made by Prime Minister Naren- who had defaulted on repayment discriminatory and not an intel- Revenue Secretary Has- cent higher than the refunds dra Modi and Bharatiya Janata Party of crop loans. The ruling will mean ligible criterion, a division bench mukh Adhia said, “Total net tax issued during FY 2015-16, the President Amit Shah, during assem- an additional financial burden of of Justice S Nagamuthu and M V revenue grows at 18 per cent statement added. bly polls to farmers of the state, has Rs 1,980 crore to the Tamil Nadu to Rs 17.10 lakh crore, highest In a related development, been fulfilled. Muralidharan, without striking down in last 6 years.” While direct cash withdrawal has been fall- He also said that of the total 2.30 government, and it will benefit the government order, directed the tax mop up during the April- ing rapidly, post demonetisa- crore farmers in UP, 92.5 per cent or 3.01 lakh farmers who fall in the government to expand its scope to March period grew 14.2 per tion, as borne out by the fact 2.15 crore were small and marginal. 'other' category. cover all farmers irrespective of cent at Rs 8.47 lakh crore, indi- that it is down to Rs 32,500 The waiver by the state govern- The June 28, 2016 order granting the land owned by them. The mat- rect tax kitty swelled by 22 per crore in the week to March 24 ment applies to loans taken by these the loan waiver scheme cost the ter pertains to loans obtained from cent over last year to Rs 8.63 from a peak of Rs 52,800 crore farmers against seeds for wheat and government Rs 5,780 crore and primary agricultural cooperative lakh crore. Net direct tax col- for the week ended January paddy crops, besides pesticides and benefited 16.94 lakh marginal and banks till March 31, 2016. lections at Rs 8.47 lakh crore 13, says a report. According to fertilisers. In all, the amount which shows 100 per cent achieve- SBI research report Ecowrap, is being waived comes to a total of Rs ment for RE of 2016-17. Indi- even in the span of one week 30,729 crore, the minister said. The write off all their loans, amounting to the GDP, the state would raise funds banks, including cooperative banks. 1,625 minimum support price. rect tax collection till March (between March 17 to 24), cash waiver would apply to loan amounts Rs 5,630 crore. In all, the loan waiver for the loan waiver through a ‘Kisan Other sops extended to the farm- The Chief Minister also consti- 2017 is 101.35 per cent of the withdrawal has declined by Rs of Rs 1 lakh. amount cleared by the state cabinet is Relief Bond’. ers of the state include enhancing the tuted a committee headed by Deputy RE for 2016-17 fiscal. The RE 2,000 crore. Singh also said that there were to the tune of Rs 36,359 crore, he said. Modalities of this bond are being target of wheat purchase in the first Chief Minister Keshav Prasad Mau- was pegged at Rs 8.5 lakh crore. The report said the around seven lakh farmers who Singh noted that since the state worked out and it would be cleared phase to 80 lakh tonnes, opening up rya and comprising ministers Dara In terms of gross revenue decline in cash withdrawals defaulted on loans taken and now was bound by the law on fiscal dis- during the forthcoming budget ses- of 5,000 wheat purchase centres and Singh and Surya Pratap Shahi to find collections, the growth rate in is “intriguing” even as limits bore the non-performing asset tag. cipline which puts a condition to cap sion of the state assembly, he added. giving of Rs 10 per quintal against car- out ways to provide relief to the state’s corporate tax was 13.1 per cent on withdrawals were removed The government has also decided to fiscal deficit to under 3 per cent of The loan waiver would apply to all rying and stocking charges over the Rs potato growers. while that of personal income completely from March 13. CHINA BLOCKING MASOOD AZHAR BAN India respects If needed will defend Kejriwal for free: Jethmalani ‘one-China’ policy. We Veto won’t stop us from ROUSHAN ALI paid large retainership fee for “If necessary, I will support personal legal battle of Kejri- defending a private firm when him for his livelihood because wal and the case is a follow- also expect China’s NEW DELHI: Noted lawyer it was mired in the 2G scam. he is a clean force compared to up of a probe ordered by the Ram Jethmalani on Tuesday The party also sought to Arun Jaitley,” said Jethmalani. Delhi government to clean up reciprocal attitude acting against terrorists: US said he will defend Arvind defend the government’s move Delhi Deputy Chief Min- corruption in cricket adminis- Kejriwal in the defama- to pay Jethmalani from the ister Manish Sisodia had tration in the city. KIREN RIJIJU UNITED NATIONS: The US said on tion case slapped on him by public exchequer, saying the directed the General Admin- “The government will fight Tuesday that countries using veto to Finance Minister Arun Jaitley “penniless” AAP and Kejri- istration Department to clear the case,” he told reporters. scuttle sanctioning of terrorists will without taking any fee if the wal cannot “afford” expensive the bills of Jethmalani. It is In a series of tweets, AAP not “preclude” it from taking actions, Delhi Chief Minister cannot lawyers. learnt that Lt Governor Anil leader Ashish Khetan, a for- In today’s amid continued Chinese opposition to afford to pay him. Jethmalani said it is the Baijal has sought Solicitor mer journalist, said Jaitley is efforts to get Pakistan-based JeM chief Jethmalani also hit out at government’s duty to defend General Ranjit Kumar’s advice a “rich man” so he can afford paper Masood Azhar banned by the UN. Jaitley alleging that the row the chief minister. in doing so. The bills totalled expensive lawyers. “The administration very much is over the Delhi government’s “I will certainly defend him around Rs 3.4 crore. “Dear @narendramodi ... looking at all of these avenues and some move to clear his bills for fight- even if he can’t pay, but he said “If he is unable to pay I will Sir, @ArvindKejriwal & @ CITY of the things we have talked about is ing the case has been “insti- ‘no, I want to pay, send us the do it for free. I render free ser- AamAadmiParty are penny- sanctions and who is on the list and gated” by the Union Finance bills’, so I have sent the bills. vices to 90 per cent of my cli- less. Your FM is a rich man, FOOTBALL TO BE PEACEMAKER IN G. NOIDA 4 how we have managed that,” US’ envoy Minister. On its part, the Even if the government does ents,” Jethmalani said. he can afford expensive advo- to the UN Nikki Haley told reporters AAP alleged that Jaitley was not support him, I will.