Govt to unfold scrapping policy for automobiles sooner: FMFM announces change in auto policy - BS-IV vehicles registered prior to March 31, 2020 to be allowed full shelf life + Addl 15% Depreciation to be allowed till March 2020 + Ban on purchase of new cars replacing old vehicles by Govt Departments liftedGovt working on solutions for home buyers and real estate promoters stuck with fund problemsFM says tax officials to be instructed not to overreach taxpayers to meet targetsNBFCs to be allowed to use Aadhar-authenticated KYC of banks: FMGovt to amend MSME Act to give ONE definition for MSME; Cabinet approval to be taken soonBank loans - Online tracking option to be given to customers for ease of knowing status + Banks to introduce one time loan settlement policyGovt decides to withdraw Surcharge on capital gains made by FPIs + Surcharge on domestic investors also guillotinedFM says All notices, including summons, by Income Tax Department to be centralised & computer-generated from October 2019 + Old notices to be either clears before Oct or to be re-generated with DIN + all notices to be cleared within 3 monthsGST - Amritsar CGST holds Annual Return Mela with practitionersSC grants relief to Chidambaram in ED case till Monday but no succour in CBI casePradhan to launch commencement of work ceremony for 10th CGD Bidding Round (See 'TOG News')TP - Company engaged in manufacturing, assembling, servicing & software cannot be held as good comparable to trading segment: ITAT (See 'TOG Latest')I-T - Where 71% of the receipts of a trust are used in furtherance of its stated objectives the same is sufficient to infer that such trust exists: HC (See 'TOG Latest')Customs - Where assessee requests for speaking order & pays duty under protest, it cannot be inferred that assessee accepted enhanced value: CESTAT (See 'TOG Latest')Central Excise - Where assessee harbored bona fide belief in respect of an issue due to conflicting precedent judgments, then extended limitation cannot be invoked: HC (See 'TOG Latest')Sabka Vishwas Legacy Dispute Resolution Scheme to be effective from Sept 01 (See 'TOG News')TP - Similarity of functions/characteristic of services rendered by comparables are indispensable for their selection for purposes of benchmarking: ITAT (See 'TOG Latest')I-T - Holding more than 20% shares in two companies is in itself insufficient to infer that loan given by one company to the other is commercial transaction: HC (See 'TOG Latest')Central Excise - Clean Energy Cess bears nature of fee & is not any duty; hence assessee is not entitled to Cenvat credit on the same: CESTAT (See 'TOG Latest')Service Tax - If assessee claims refund in bona fide before wrong authority, then reasonable course of action is to transfer such claim to that authority having jurisdiction: CESTAT (See 'TOG Latest')EPF Board to move proposal for amend scheme (See 'TOG News')Naidu urges nations to adopt Comprehensive Convention on International Terrorism (See 'TOG News')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

TOG NEWS

AYUSH Ministry seeks more funds from Fin Com
By TOG News Service
Jul 19, 2019

TOG NEWS SERVICE, NEW DELHI, JULY 19, 2019: THE Ministry of AYUSH  headed by Minister, Mr Shripad Yesso Naik, yesterday made a detailed presentation before the 15th Finance Commission on attaining national health goals through AYUSH health systems.  The Commission headed by Chairman, Mr N.K. Singh, was informed about various aspects of achievements of the Ministry and the issues where the Ministry has sought the intervention of the Commission.

The Commission was informed that presently the following AYUSH healthcare facilities and allied framework exist in States/ UTs:-

Standalone AYUSH facilities – 30897 (AYUSH Hospital 3893, Dispensaries- 27004)

Co-located Public Health Facilities – 10955 (Out of Total 32053 Public Health Facilities existing in States/UTs.)

State Medicinal Plant Boards.

Each State/ UT has got its administrative set up to oversee the implementation of healthcare programmes under AYUSH systems.

The Ministry felt that in order to take up AYUSH healthcare activities, and other related works of AYUSH sector viz. drug quality control and production of herbal raw-material, following constraints are faced by States/ UTs:-

Inadequate budgetary support:  The funds received by State AYUSH Departments under State annual plants often remain inadequate.  Most of the State AYUSH Departments did not receive funds from special sources like 14 th Finance Commission award. The central grant –in-aid allocated under National AYUSH Mission (NAM) to States/ UTs also remains insufficient and inadequate due to small size of NAM Scheme.

Administrative framework to oversee the implementation of AYUSH health care programmes at State level is inadequate in most of the States/ UTs.  It severely hinders the quality and quantity of AYUSH health care services delivery in underserved and unserved areas.

The Ministry has made the following recommendations to the Commission:

A minimum of 10% of the Health sector grant earmarked under 15 th Finance Commission award be dedicated to AYUSH Departments in States/ UTs.

The existing CSS (NAM) should be allowed to continue with more comprehensive objectives and enhanced funding.

At present, fund flow under CSS is through Treasury route.  It affects the output and outcome of schemes due to delay in release of funds by state treasuries to implementing agency.  Instead of Treasury route, funds may be placed with implementing agencies directly.

Inter-alia, indicators for development of AYUSH may also be adopted as one of the criteria for devolution of funds to States.

The Commission has carefully noted all the issues raised by the Ministry of AYUSH and has promised to take a favorable view while its recommendations to the uniform Government on the devolution of resources to AYUSH.