India's poorest 50 per cent pay two-thirds of GST: Oxfam

[Paitoo]

50 percent of the poor includes the middle class.

We know that Middle class pays more tax than Modi's rich class.

A lot of these 'poor' middle class businessmen are big time time evaders. Still so many deal in cash, esp in smaller cities. Jis ko mauqa milta hai, tax churata hai. It is only salaried class that is screwed

 

[Mrloveday]

A lot of these 'poor' middle class businessmen are big time time evaders. Still so many deal in cash, esp in smaller cities. Jis ko mauqa milta hai, tax churata hai. It is only salaried class that is screwed

Even the middle class tax evaders have to pay tax on goods and services

 

[Paitoo]

Even the middle class tax evaders have to pay tax on goods and services

Tax reform is a separate and large subject on its own. No govt has been different when it comes to taxation.

 

[Mrloveday]

@Paitoo G

Why feel bad for the salaried class? They are the ones who keep bringing Modi to power who steals from them and distributes the loot to his rich Dhando buddies

 

[Paitoo]

@Paitoo G

Why feel bad for the salaried class? They are the ones who keep bringing Modi to power who steals from them and distributes the loot to his rich Dhando buddies

You are mixing things. There is no new tax structure that has been created by the BJP to benefit the dhando class. It has always existed. No govt is going to change that either. Freebie politics has its limits. Congi govts who are doing this are bankrupt and infra is crumbling in these states. Now your poor delivery boys are falling in potholes and rain water is entering houses of the same people who voted the Congis

 

[SecularNationalist]

Same like pakistan.
Poor people are running the system while elites enjoy at their expense and hardly pay any tax.
It roots back to the British Colonial system and mindset. Slavery somehow still exist.

 

[Mrloveday]

You are mixing things. There is no new tax structure that has been created by the BJP to benefit the dhando class. It has always existed. No govt is going to change that either. Freebie politics has its limits. Congi govts who are doing this are bankrupt and infra is crumbling in these states. Now your poor delivery boys are falling in potholes and rain water is entering houses of the same people who voted the Congis

Not a fan on of any party.

But during Congress era, corporate tax collection was more than salaried class tax collection.

Great that you brought up potholes.

4 days back, my bike and I were going to enter one. But fortunately I had luck on my side. Didn't go all the way in. My bike and I escaped unhurt

 

[kambhakt]

50 percent of the poor includes the middle class.

We know that Middle class pays more tax than Modi's rich class.

Top 50% is not Modi's rich class. Modi's rich class is less than 1%. If Modi's rich class was 50%, India would be the richest country in the world.

Bottom 50% will basically mean the lower middle class. They will generally be consumers of 2 wheelers and not 4 wheelers. So paying maybe 20% of the total tax collected on automobile sales. Would be buyers of the entry level mobiles, so again paying around 20% of total tax collected on mobile sales. Will not have laptops or computers at home unless their kids are in engineering or computer science etc. At most contribute 5% of GST collected from laptop sales. You can extrapolate this to all products and you will get them paying a lot less GST. I would be surprised if they paid more than 20% of GST collected from individuals.

You did say that the researchers were well qualified, but you have not yet given their names and qualifications.

 

[GatlingGun]

Not a fan on of any party.

But during Congress era, corporate tax collection was more than salaried class tax collection.

Great that you brought up potholes.

4 days back, my bike and I were going to enter one. But fortunately I had luck on my side. Didn't go all the way in. My bike and I escaped unhurt

Under BJP rule taxless slab has rose 2.5x (from 2L to 5L) in just 11 years. Which means real middle class is paying less direct tax compared to Congress era.

 

[ST1976]

we have a news here for year 2022, as below.

=>
India’s ultra-high-net-worth individuals (UHNWI) with net worth over $30 million is estimated to rise by 58.4% in the next five years to 19,119 individuals in 2027 from 12,069 in 2022. India’s billionaire population is expected to move up to 195 individuals in 2027 from 161 individuals in 2022, showed a Knight Frank India report.

The Knight Frank India report estimates that the number of ultra-high-net-worth individuals (UHNWIs) in India will rise by 58.4% in the next five years to 19,119 individuals in 2027 from 12,069 in 2022. The Indian high-net-worth-individual (HNI) population, with asset value of $1 million and...

India’s ultra wealthy population to grow by 58.4% in next five years, Knight Frank

The Knight Frank India report estimates that the number of ultra-high-net-worth individuals (UHNWIs) in India will rise by 58.4% in the next five years to 19,119 individuals in 2027 from 12,069 in 2022. The Indian high-net-worth-individual (HNI) population, with asset value of $1 million and...

economictimes.indiatimes.com

 

[Paitoo]

Not a fan on of any party.

But during Congress era, corporate tax collection was more than salaried class tax collection.

Great that you brought up potholes.

4 days back, my bike and I were going to enter one. But fortunately I had luck on my side. Didn't go all the way in. My bike and I escaped unhurt

I get it that you are not a fan of any party. But in India the democratic system with throw the same shit at you all the time. The govt is what the society is.

 

[ST1976]

The question isn't how much tax do rich people pay.
It's not what percent of total tax do rich people pay.

The question is simple: what percent of one's income goes to taxes (direct and indirect combined)?

That percentage is higher for poor people if indirect taxes form a big percent of a country's tax income. I don't know where India stands compared to other countries but developing countries generally rely more on indirect taxes.

India to extend free food ration scheme by 5 years: PM Modi​

The Indian government is planning to continue its free food grains program for five years, Prime Minister Narendra Modi announced on Saturday, as it seeks to shield consumers from growing prices of cereals ahead of a general election early next year.

The extension will offer relief to consumers, but it will also lead to higher government spending and require New Delhi to procure more wheat and rice from farmers to sustain the welfare program, which provides free grains to more than 800 million people.

Modi confirmed the move at an election rally in Durg, a city in the central state of Chhattisgarh, where state elections are due this month.

The grains program, estimated to cost the government around 2 trillion rupees ($24.06 billion) this year, was due to expire at the end of the year.

India, the world's second-largest producer of wheat and rice, has restricted exports of both cereals to curb rising prices at home.

A Mumbai-based dealer with a global trade house said the government would be forced to keep export restrictions in place for a longer period because it needs to purchase from farmers to run the program.

"Without export restrictions, local prices would rise above the government-set floor prices, and they would fail to procure enough," he added.

For the first time in eight years, India's rice output is expected to drop this year, raising the prospect that New Delhi will extend curbs on exports of the grain to keep a lid on food prices ahead of elections.

Global rice prices jumped to a 15-year high after India, the world's biggest rice exporter that accounts for more than 40% of global rice exports, curbed exports of non-basmati rice varieties in July.

India last year banned wheat exports in a surprise move after a heat wave curtailed output.

India to extend free food ration scheme by 5 years: PM Modi

The Indian government is planning to continue its free food grains program for five years, Prime Minister Narendra Modi announced on Saturday, as it seeks...

www.dailysabah.com

 

[ST1976]

Bloomberg - Are you a robot?

 

[deep]

Everyone who exposes Modi is a threat.

Get it

What article says is and the title is altogether different..If you want to fight don't do it with lies ..In every society rich people spend a small percentage of their income on day today expenses just because their earnings are proportionally large ..

 

[ST1976]

Pradhan Mantri Awas Yojana (PMAY) Scheme - Details​

Budget 2024-25: Three crore more houses will be provided under the PM Awas Yojana in rural and urban areas. Under the PM Awas Yojana Urban 2.0, the housing needs of 1 crore urban middle-class and poor families will be addressed with an investment of Rs.10 lakh crore. This will include the central assistance of Rs.2.2 lakh crore in the next 5 years.

Budget 2023-24: In the Budget 2023, the outlay for the Pradhan Mantri Awas Yojana was enhanced by 66% to over Rs.79,000 crore.

What is Pradhan Mantri Awas Yojana?​

Pradhan Mantri Awas Yojana (PMAY) was launched with the aim to provide housing at an affordable price to the weaker sections of the society, lower income group people, urban poor, and rural poor. The Yojana involves a construction of around 20 million houses at an affordable price. In the Budget 2023, the outlay for the Pradhan Mantri Awas Yojana was enhanced by 66% to over Rs.79,000 crore. The Pradhan Mantri Awas Yojana has two components:

1. Pradhan Mantri Awas Yojana Urban (PMAY-U)
2. Pradhan Mantri Awas Yojana Gramin (PMAY-G)

The scheme is also linked with other schemes like:

• Swachh Bharat Abhiyan which aims at reducing open defecation by constructing in-house toilets and community-owned toilets and aims to maintain cleanliness around the streets, roads, and houses
• Saubhagya Yojana which aims at providing electricity connection
• Ujjwala Yojana which aims at providing LPG Gas connection
• Accessibility of pure drinking water
• Pradhan Mantri Jan Dhan Yojana which aims at opening a zero balance account and spreading banking facilities to each and every person in the society.

Pradhan Mantri Awas Yojana Urban (PMAY-U)​

PMAY-U focuses on providing affordable houses to providing houses to all eligible families/ beneficiaries not having a pucca house in cities and towns. All houses under the PMAY-U will have basic amenities, such as water supply, kitchen, electricity and toilet.

This scheme promotes women empowerment by providing the house/ land ownership in name of the female member or in joint names. Under this scheme, preference is given to senior citizens, differently abled persons, SCs, STs, Other Backward Classes (OBCs), single women, transgender, minority, other weaker and vulnerable sections of the society.

In August 2022, the Union Cabinet approved for the continuation of PMAY-U up to 31 December 2024. As of 15 July 2024, 118.64 lakh houses are sanctioned and 84.7 lakh houses are completed under this scheme.

Pradhan Mantri Awas Yojana Gramin (PMAY-G)​

PMAY-G focuses on providing pucca houses to all households living in kutcha houses or all houseless people in rural areas. This scheme combines with other Government schemes to provide basic amenities to the houses, such as electricity, drinking water, clean and efficient cooking fuel, toilet, treatment of solid and liquid waste etc.

Under this scheme, cost of unit assistance will be shared between the Central and State Government in the ratio 60:40 in plain areas and 90:10 for North Eastern states, Himachal Pradesh, Uttarakhand and Jammu and Kashmir. As of 15 July 2024, 2 crore 94 lakh houses are sanctioned and 2 crore 63 lakh houses are completed under this scheme.

Benefits of PM Awas Yojana​

House: Beneficiaries will get a own house of a minimum size of 25 square meter under PMAY-G. The beneficiaries under PMAY-U will get a own house of 30 square meter to 200 square meter carpet area depending on their category (EWS, LIG, MIG).

Assistance: The beneficiaries under the PMAY-G will receive an assistance of Rs. 12,000 for the construction of a toilet from the Swachh Bharat Mission (G). They will also receive a unit assistance of Rs. 1.20 lakh in plains and Rs.1.30 lakh in Hill states, Jammu and Kashmir, Ladakh, North Eastern States, difficult areas and IAP/ worst affected Left-Wing Extremism (LWE) districts. The beneficiaries under the PMAY-U will get a Central assistance of Rs.1.5 lakh per EWS house.

Land ownership: The government will provide government land or any other land (public land) for landless persons to construct houses under PMAY.

Women empowerment: The houses/ land will be alloted in the name of the woman member or jointly in the name of the husband and wife of the household, thus, empowering women of the country.

Interest subsidy: Beneficiaries of PMAY will get interest subsidy on housing loans for acquisition or new construction of houses from the Primary Lending Institutions (PLIs).

Improved socio-economic status: The houses provided to homeless families will improve their socio-economic status and also their quality of life. A house with all amenities will lead to better education, health and overall well-being.

Reduction in slums: The PMAY-U will help to reduce slums in towns and cities by providing the slum dwellers a pucca house. This will help to bring slum dwellers into the formal urban settlement.

Direct Transfer: The financial assistance under the scheme is directly transferred to the beneficiaries electronically to their Bank or Post office accounts linked to Aadhaar. Thus, it reduces the chances of fraud and ensures that the beneficiaries receive funds.

Components of PM Awas Yojana​

The PM Awas Yojana - Urban has 4 major components:

• In-Situ Redevelopment of slums using land as a resource, with the participation of the private sector. This mission aims at leveraging the potential of land under slum areas and providing formal urban establishments to slum dwellers.
• .Credit Linked Subsidy – Under this scheme, the government will provide an interest subsidy of 6.5% on housing loans for 15 years from the start of the loan, which will make housing affordable. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9%. The loan amount of Rs 6 lakhs is only applicable for the credit-linked subsidy scheme and any amount beyond Rs 6 lakh does not attract any subsidy. The lending institutions will directly credit the interest subsidy to the beneficiaries’ accounts which will result in reduced Equated Monthly Installment (EMI) and reduced housing loan amount.
• Affordable Housing in Partnership (AHP) – In partnership with the Public and Private sector, affordable housing will be provided to the economically weaker sections. The States or Union Territories, either with different agencies or in partnership with different industries can plan affordable housing projects.
• Enhancement and construction of beneficiary led house – Under this component, the beneficiaries who are not able to avail the advantages of the above three components will be benefited. This mission provides assistance to families of EWS category to construct new houses or enhance the existing houses on their own to cover the beneficiaries. Under this mission, families will get a central assistance of Rs 1.50 lakh to enhance their existing houses or construct new houses. Under the Pradhan Mantri Awas Yojana, the houses will be constructed with eco-friendly technology and preference will be given to old and disabled while allotting ground floors.

Pradhan Mantri Awas Yojana Eligibility​

The following can apply for PMAY - Urban:

• Under 3 components: The economically weaker sections, which include Low-Income Groups (LIG), Middle-Income Groups (MIG) and EWS, are considered as beneficiaries for the ‘Housing for All Scheme’. EWS having an annual income cap of Rs 3 lakh, LIGs having a cap of Rs 3 to 6 lakh, and MIGs having a cap of Rs 6 to 18 lakh can apply for this scheme.
• Slum Dwellers– These include people living in poorly built residences which are unhygienic and have unhealthy drinking water and sanitation facilities.

The following can apply for PMAY - Gramin:

All the houseless and households living in zero, one or two room kutcha houses with kutcha wall and kutcha roof as per SECC (Socio Economic and Caste Census) data. However, the following households cannot apply for this scheme:

• Living in pucca house
• Having a motorised two/ three/ four-wheeler
• Having a mechanised three/ four-wheeler agricultural equipment
• Has a Kisan Credit Card with a credit limit of Rs.50,000 or above
• Any member of the household is a Government employee
• Has a non-agricultural enterprises registered with the Government
• Pays income/ professional tax
• Own a refrigerator/ landline phone/ 2.5 acres or more of irrigated land/ 5 acres or more of irrigated land for two or more crop seasons/ 7.5 acres of land or more with at least one irrigation equipment

Beneficiaries under Pradhan Mantri Awas Yojana​

The following are the traget beneficiaries under PMAY - Urban:

• Labour, urban poor (rickshaw pullers, street vendors, other service providers, etc.), industrial workers, and migrants belonging to EWS/ LIG segments
• Scheduled Castes/ Scheduled Tribes/ Other Backward Classes, widows, and minorities belonging to EWS/ LIG segments

The following are the traget beneficiaries under PMAY - Gramin:

• Scheduled Tribes (ST)/ Scheduled Caste (SC)
• Households without shelter
• Destitute/ living on alms
• Manual scavengers
• Primitive tribal groups
• Legally released bonded labourer

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How to Apply for Pradhan Mantri Awas Yojana?​

Steps to apply for PMAY-U

Step 1: Go to the Pradhan Mantri Awas Yojana official website.

Step 2: Click on ‘Sign In’ option and click on ‘New User? Register Here’.

Step 3: Enter Aadhaar details to proceed (mandatory for enrolling in PMAY).

Step 4: After filling in the Aadhar details, you will be redirected to the application form stage where you will have to fill in the details accurately.

Step 5: Once this is done, click on ‘Save’ and enter the Captcha code.

Step 6: Next, click on ‘Save’. The application is now complete and a print out can be taken at this stage.

PMAY-G Apply Process

Eligible beneficiaries can visit the respective Gram Panchayat, Village Sabha or lowest unit of local self-government recognised by the respective State/ UT Panchayat Act and submit your details to the Gram Panchayat/ Village Sabha officials for enrolling to the PMAY-G.

The PMAY-U and PMAY-G provide affordable housing to people belonging to the weaker sections of the society. Under this scheme, assistance is provided to the beneficiaries to build their own houses with basic amenities and ensures better quality of life.
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Frequently Asked Questions​

Who all can avail the benefits of the PMAY scheme?
Any Indian citizen who belongs to the EWS, LIG, or MIG category can avail the benefits of this scheme. Generate e-way bill on basis of information shared by the suppliers/ consignors regarding the Invoice/challan.
Can a person apply twice?
No, since your account is linked with your Aadhar Card, you would not be able to apply twice.
Is there any registration fee for this scheme?
If you are applying through the online portal, there will be no charges. If you apply offline, you will have to pay a registration fee of Rs. 25 plus GST.

Pradhan Mantri Awas Yojana (PMAY) Scheme - Details

PMAY - Pradhan Mantri Awas Yojana aims to provide housing at an affordable price to the weaker sections of the society. Read on to know about PM Awas Yojana.

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