×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 24 February, 2021

  • 5 Min Read

Agriculture Infrastructure Development Cess

  • The Budget 2021-22 has proposed a new levy, Agriculture Infrastructure Development Cess (AIDC) on 29 items.
  • The purpose of the new AIDC is to raise funds to finance spending on developing agriculture infrastructure.
  • The new cess will be levied on 29 products, such as gold, silver, as well as imported alcohol (excluding beer), imported apple, pulses, palm oil, urea, and petrol/diesel including branded ones.
  • The new cess will only offset the reduction in Basic Custom Duty (BCD), Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) on unbranded and branded petrol-diesel.
  • Thus it will not raise the tax incidence for consumers.

Cess

  • Cess is a special-purpose tax levied over and above basic tax rates.
  • Drawing power from Articles 270 and 271 of the Constitution, the Centre collects cess and deposits it in the Consolidated Fund of India.
  • The money collected is then transferred to a segregated fund to be used for specific purpose.
  • But, this cess and surcharge money is not part of the divisible pool, from which devolution of Central taxes takes place to the States.

Source: TH


Rajasthan First State to Implement Biofuel Policy

  Rajasthan First State to Implement Biofuel Policy: (GS-II(Policies) & GS-III(Environment)) Theme: Biofuel Policy Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre in May 2018.   The desert State will lay emphasis on increasing production of oils

SEHAT Scheme for Teleconsultation

Services e-Health Assistance and Teleconsultation (SeHAT) is the tri-services teleconsultation service of the Ministry of Defense designed for all entitled personnel and their families. As part of the Government’s commitment to Digital India and e-Governance, Minister of Defense launched SeHAT on 27 May 2021. It has been a great exam

PM Poshan Scheme to replace Mid Day Meal Scheme

PM Poshan (Erstwhile Mid Day Meal) Scheme Cabinet has approved the Prime Minister POSHAN scheme or PM-POSHAN for providing one hot cooked meal in Government and Government-aided schools. The scheme will replace the existing national programme for mid-day meal in schools or Mid-day Meal Scheme (launched in 1995). It has been launched for a

National Initiative for Design Innovation (NIDI)

National Initiative for Design Innovation (NIDI) Government launched the scheme of “National Initiative for Design Innovation (NIDI)” in March, 2014. Scheme envisaged establishment of 20 Design Innovation Centres (DIC), One Open Design School (ODS) and One National Design Innovation Network (NDIN) across the country for promoti

Saffron cultivation in India

Saffron is a plant whose dried stigmas (thread-like parts of the flower) are used to make saffron spice. Saffron cultivation is believed to have been introduced in Kashmir by Central Asian immigrants around the 1st Century BCE. Pampore region, in India, commonly known as Saffron bowl of Kashmir, is the main contributor to saffron p

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts