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South Asian Film Festival in Goa from Fri (June 27) to Mon (June 30)
At Kala Academy, and ESG, Panaji, Goa
http://lists.goanet.org/pipermail/goanet-goanet.org/2008-June/076384.html
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<THE balancing act for softening the blow of the recent hike in fuel prices
may cost Rs 88 crore to Goa's VAT exchequer during the financial year
2008-09. The projected target revenue was Rs 1,106 crore from VAT this year,
15 per cent more than last year. A closer look however would reveal that in
real terms the state would lose around Rs 50 crore as it has been fetching
Rs 37 crore from the sale of fuel itself....Since sales tax on petroleum
products provides a major cushion for the states when it comes to revenue
generation obviously they are not willing to lose their gains. But they
reciprocated to the call of the Union government. Now the Centre has already
released Rs 2,200 crore to states as part of the compensation for revenue
loss due to cut in CST from four to three per cent for some months in
2007-08....It is good that some states like Kerala have made it clear that
if airlines do not pass on the benefits of lower aviation turbine fuel (ATF)
duties to consumers, these states can actually reverse their decision to cut
duties....The state government should seek to know the basis for
price-fixation formula used by the central government.>
A rather confusing editorial. Note the references to VAT in some places and
CST in others. Note also the tendency to lump ATF with petrol and diesel as
"fuel". There needs to be a much more carefully differentiated analysis and
discussion for the state government's guidance and the enlightenment of the
public.
http://www.navhindtimes.com/articles.php?Story_ID=062719
