MUMBAI - The finance ministry is likely to accept a proposal from a special panel to waive retrospective imposition of a controversial minimum alternate tax (MAT) on foreign portfolio investors, domestic media reported, citing government sources.
Farming accounts for nearly 18 percent of India’s $1.8 trillion economy and supports the livelihood of millions. Since 60 percent of farmlands are rain-fed, a failed monsoon can seriously impact food prices and the economy as a whole. If the county receives deficient rains during the four-month long rainy season starting June, the following sectors would be negatively affected: Full Article
Cause And Effect
Earth Sciences Minister Harsh Vardhan has blamed climate change for a heatwave that has killed 2,500 people and for deficient monsoon rains, after the government said the country was headed for its first drought in six years. Full Article