FM justifies new GST rates on food articles, says decision unanimous - The Daily Guardian
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FM justifies new GST rates on food articles, says decision unanimous



Union Finance Minister Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman on Tuesday in a series of tweets clarified that the new rates on GST which came into effect on Monday. The move comes after Lok Sabha proceedings were adjourned on Tuesday amidst opposition protests over GST rates and price rise.

Sitharaman defended the imposition of 5 per cent GST on food articles in her tweets and said that the decision was unanimous by the GST Council and all states were present in GST Council meeting when this issue was presented by the Group of Ministers on Rate Rationalisation on June 28, 2022.

“This decision was a much-needed one to curb tax leakage. It was considered at various levels including by officers, the Group of Ministers, and was finally recommended by the GST Council with the complete consensus of all members,” she said.

In a Twitter thread, Sitharaman said that when the GST was rolled out, a rate of 5% was made applicable on ‘branded’ cereals, pulses, flour which was later amended to tax only such items which were sold under ‘registered’ brand or brand on which enforceable right

was not foregone by the supplier.

“However, soon rampant misuse of this provision was observed by reputed manufacturers & brand owners and gradually GST revenue from these items fell significantly. This was resented by suppliers and industry associations who were paying taxes on branded goods. They wrote to the Govt to impose GST uniformly on all packaged commodities to stop such misuse. This rampant evasion in tax was also observed by States,” she added.

“Items like pulses, cereals like rice, wheat, and flour, etc, earlier attracted GST @ 5% when branded and packed in unit container. From 18.7.2022, these items would attract GST when “pre-packaged and labeled”.

She said that this isn’t the first time that such food articles are being taxed. “States were collecting significant revenue from foodgrain in the pre-GST regime. Punjab alone collected more Rs 2,000 cr on food grain by way of purchase tax. UP collected Rs 700 cr.”

Explaining the GST, she said that when GST was rolled out, a GST rate of 5 per cent was made applicable on branded cereals, pulses, flour. Later this was amended to tax only such items which were sold under registered brand or brand on which enforceable right was not foregone by supplier.

However, she said that soon there was rampant misuse of this provision by reputed manufacturers and brand owners and gradually GST revenue from these items fell significantly.

“This was resented by suppliers and industry associations who were paying taxes on branded goods. They wrote to the Govt to impose GST uniformly on all packaged commodities to stop such misuse. This rampant evasion in tax was also observed by States,” Sitharaman said in a tweet.

The minister wrote that the Fitment Committee which consisted of officers from Rajasthan, West Bengal, Tamil Nadu, Bihar, Uttar Pradesh, Karnataka, Maharashtra, Haryana and Gujarat had also examined this issue over several meetings and made its recommendations for changing the modalities to curb misuse.

“It is in this context that the GST Council in its 47th meeting took the decision. With effect from July 18, 2022, only the modalities of imposition of GST on these goods was changed with no change in coverage of GST except 2-3 items,” she said.

“It has been prescribed that GST on these goods shall apply when supplied in “pre-packaged and labelled” commodities attracting the provisions of Legal Metrology Act,” the minister said.

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Congress Slams CM Bommai, calls out the commercial for not including Nehru



BS Bommai

The Karnataka government’s newspaper advertisement in which Pandit Jawaharlal Nehru’s photo was left off of the list of freedom warriors has sparked yet another controversy. The chief minister of Karnataka, BS Bommai, insulted his father, SR Bommai, and his father’s first political mentor, MN Roy, both of whom were ardent Nehru supporters, according to Congress general secretary Jairam Ramesh.

Jairam Ramesh remarked, “CM Karnataka is desperately trying to keep his job.”

The leader of the Congress, BM Sandeep, referred to Bommai as a “puppet CM” and claimed that Nehru was a major figure in India in the middle of the 20th century.

The commercial in question honours both Indian freedom heroes and those who were from Karnataka. It honours Maulana Abul Kalam Azad, Chandrashekhar Azad, Savarkar, Lala Lajpat Rai, Bal Gangadhar Tilak, and Vallabhbhai Patel Bhagat Singh, in addition to Mahatma Gandhi, Netaji, and Vallabhbhai Patel Bhagat Singh.

This intensified the tense argument between the BJP and the Congress on Har Ghar Tiranga. The Congress questioned the RSS’s decision to wait till Friday to change its social media profile pictures to the national flag, and BJP leader Tejasvi Surya promised to set up history lessons for anyone who questions the RSS’s role.

The Congress claimed that the 75th anniversary of Independence had been reduced to “glorifying the sarvagyaani” and questioned why no special event had been arranged in Parliament to commemorate the occasion. In response, the BJP questioned why the Congress had not published a photo of its leaders raising the flag.

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President Droupadi Murmu to deliver maiden address to nation



Droupadi Murmu

President Droupadi Murmu is about to give her first address to the nation. Murmu will address the nation on Sunday on the eve of Independence Day.

Meanwhile, Rashtrapati Bhavan said that the President’s address will be telecast on all national networks of All India Radio and all channels of Doordarshan from 7 pm onwards.

Moreover, the statement reads, “President Murmu’s address will also be telecast in regional languages on Doordarshan’s regional networks. All India Radio will also broadcast the regional language versions of the President’s address to the nation through its language service centers across India. All India Radio will telecast it in the regional language at 9.30 pm on their respective regional networks.”

However, on 15 August, Prime Minister Narendra Modi’s address will also be live-streamed by PIB (Press Information Bureau) on its various social media channels.

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Author Salman Rushdie taken off ventilator; accused Matar pleaded ‘not guilty’



Salman Rushdie

Renowned author Salman Rushdie was taken off a ventilator on Friday and will be able to talk. Rushdie was attacked by a man with a knife on Friday at an event in New York, USA.

According to the Washington Post, Rushdie’s agent Andrew Wyllie said Rushdie was taken off a ventilator and could be able to talk.

Earlier, Hadi Matar who stabbed the author Rushdie pleaded not guilty to attempted murder in the second degree. On Saturday, Matar was remanded without bail at Chautauqua County Jail.

According to the New York State Police, “On August 12, 2022, the Bureau of Criminal Investigation arrested Hadi Matar 24 of Fairview, NJ for Attempted Murder 2nd degree (B Felony) and Assault 2nd degree. Matar was processed at SP Jamestown and transported to Chautaugua Country Jail. Matar was arraigned in centralized arraignment on August 13, 2022, and was remanded without bail at Chautaugua Country Jail.”

Earlier, New York State Police identified the suspect as Hadi Matar. Matar hail from Fairview, New Jersey, and is 24 years old.

“Earlier today, approx at 10:47 am, the speaker Rushdie, 75, and Henry Reese, 73 has just arrived at the stage of the institution and shortly thereafter the suspect jumped out of the stage and attacked at least once in the neck and at least once in the abdomen,” Major Eugene J. Staniszewski said.

Meanwhile, the White House on Saturday also called the attack on Salman Rushdie “reprehensible”. President Joe Biden and Vice President Kamala Harris wished the renowned author a speedy recovery.

Moreover, UK PM Boris Johnson said, “Appalled that Sir Salman Rushdie has been stabbed while exercising a right we should never cease to defend. Right now my thoughts are with his loved ones. We are all hoping he is okay.”

Salman Rushdie was born in 1974 in Mumbai and is 75 years old. He has a long history of controversies. After writing The Satanic Verses, he received death threats from Islamic extremists for several years.

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India observes Partion Horrors Remembrance Day, recollects the agony



India Pakistan

Prime Minister Narendra Modi paid tribute to those who lost their lives in the communal riots that occurred during the country’s partition as India observed Partition Horrors Remembrance Day. He also praised the resilience and tenacity displayed by individuals who were affected by the partition.

The PM tweeted, “Today, on #PartitionHorrorsRemembranceDay, I pay homage to all those who lost their lives during Partition , and applaud the resilience as well as grit of all those who suffered during that tragic period of our history.”

In his Independence Day speech from the previous year, Prime Minister Modi proclaimed that August 14 would be remembered as “Partition Horrors Remembrance Day.”

Himanta Biswa Sarma, the chief minister of Assam, also spoke of the agony that occurred during the partition because Pakistan’s creation led to the displacement of hundreds of thousands of people. Sarma referred to the partition as one of the “darkest events in Indian history” and claimed that it had delivered a severe blow to “Akhand Bharat,” or undivided India.

Taking to the microblogging site, he wrote, “One of the darkest moments in Indian history, Partition wreaked havoc upon millions of countrymen & dealt mighty blow to Akhand Bharat. On #PartitionHorrorsRemembranceDay, I recall the sufferings of people resulting from evil machinations of British Raj & newly-formed Pakistan.”

Yogi Adityanath, the chief minister of Uttar Pradesh, also paid tribute to those who died as a result of the partition and sent his sorrow to their families.

“Lakhs of innocent civilians lost their lives and crores of citizens suffered inhuman suffering during the sad Partition of India due to the destructive religious mindset,” he tweeted.

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PM Modi leads homage to Jhunjhunwala



Narendra Modi & Rakesh Jhunjhunwala

Rakesh Jhunjhunwala received homage from all corners of the nation, led by Prime Minister Narendra Modi. The billionaire investor passed away at age 62 in Mumbai.

PM Modi said, “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world.”

Taking to Twitter, the PM said, “He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. (sic).”

Shiv Sena MP Priyanka Chaturvedi was one of many leaders who tweeted condolences to the veteran MP. “Saddened to hear about Shri Rakesh Jhunjhunwala’s demise, just days after he established his low-cost airline, Akasa Airline.”

She wrote, “He was not just bullish about the stock market but also about the nation. My heartfelt condolences to his family, friends, and colleagues.”

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Rakesh Jhunjhunwala passes away at 62



Rakesh Jhunjhunwala

Rakesh Jhunjhunwala, ace business investor, passed away at the age of 62. He was often referred to as ‘The Big Bull of Dalal Street’ for his unique investing pattern. His distinctive approach made him count amongst the top business investors in India.

Jhunjhunwala was an active investor in addition to serving on the boards of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited. He was also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.

Jhunjhunwala, who was born on July 5, 1960, was raised in Bombay by Rajasthani parents while his father served as an income tax commissioner. After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India.

He was the 36th richest Indian with a net worth of $5.5 billion and also had the title of Warren Buffet of India. Jhunjhunwala was listed among the top 500 wealthiest billionaires in Forbes’ Real-time Billionaires Index.

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