Pema Khandu Suspended, Takam Pario May Be Arunachal Pradesh Chief Minister

All India | Reported by Ratnadip Choudhury, Edited by Deepshikha Ghosh | Updated: December 30, 2016 13:26 IST

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Takam Pario is likely to be Arunachal Pradesh's next Chief Minister (File Photo)

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HIGHLIGHTS

Chief Minister Pema Khandu, 6 MLAs suspended by his party
Mr Khandu quit Congress in September to join People's Party of Arunachal
Mr Pario will be 4th chief minister in the state this year
Arunachal Pradesh Chief Minister Pema Khandu has been suspended by his own party for indiscipline. One of his ministers, Takam Pario, may replace him, with a majority of the ruling People's Party of Arunachal (PPA) reportedly backing him for the top post.

Mr Pario will be the fourth chief minister in the politically turbulent state this year.

Mr Khandu, who broke away from the Congress earlier this year, was suspended along with his deputy and five other lawmakers last evening. The PPA has asked the assembly Speaker to declare the suspended members "unattached" and seat them separately for now. Mr Khandu is accused of trying to merge his party with the BJP.


Sources say Mr Khandu is considering a legal response to his suspension.


In September, the party embraced Mr Khandu along with 42 other lawmakers who broke away from the Congress, suddenly leaving the party out of power in the state. The Northeast Democratic Alliance government, which is a part of the BJP-led NDA, then took charge.Jav Free

Pema Khandu was suspended along with his deputy and five other lawmakers last evening.The northeastern border state has been struggling with political instability since last December when Congress dissidents revolted against former Chief Minister Nabam Tuki.
After a series of dramatic developments, which included a special session held at a hotel to vote out the Chief Minister, Congress rebel Kalikho Pul became Chief Minister in February with the help of 11 BJP lawmakers.

The Congress moved the Supreme Court, which turned the clock back and restored Mr Tuki's government. But Mr Tuki was out within days as he didn't enjoy a majority in the 60-member assembly. Mr Khandu was chosen as a compromise candidate.
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Kalikho Pul committed suicide in August and a month later, Mr Khandu and other Congress members joined the PPA. Only Mr Tuki remained in the Congress party.

Budget 2017 May Provide Some Income Tax Relief: Experts

More money in the hands of consumers will help in spurring demand which has been hit badly due to demonetisation.
Edited by Surajit Dasgupta | Last Updated: December 30, 2016 12:25 (IST)

Finance Minister Arun Jaitley has already spoken about the need for lower taxes in India.
Ahead of the Budget presentation on February 1, expectations are building up that Finance Minister Arun Jaitley will offer an income tax relief to both individual taxpayers and corporate India. More money in the hands of consumers will help in spurring demand which has been hit due to demonetisation.Watch Jav Free
The finance minister has already spoken about the need for lower taxes in India. "What you need is a broader base of economy for which you need a lower level of taxation. You need to manufacture products and provide services which are more competitive in character and therefore your taxes have to be globally compatible," Mr Jaitley said.

The government could announce income tax relief in the Budget "to create a feel good factor", said Manoj Nagpal, CEO of Outlook Asia Capital.


"There is an expectation that the Budget will move towards a lower tax regime, either in the form of lower tax rates or increasing the exemption limits. We believe that lower tax rates are a better form of passing the benefits rather than increasing the tax slabs," Mr Nagpal added.

Sandeep Sehgal, director for tax and regulatory at Ashok Maheshwary & Associates LLP, said the note ban will help the government increase its tax revenues as it will bring a large swathe of economy under the tax net. "It is anticipated that the government will have some cushion available to reduce the taxes and honest taxpayers could be rewarded with some increase in basic exemption limit. Accordingly, upward shuffling in tax slabs to reduce the overall tax liability also cannot be ruled out," he added.Jav TubeRahul Garg, direct tax leader at PwC, said it is not a "great idea" to lower the income tax exemption limit as a lot of taxpayers go out of the tax net. Instead, the tax rate should be lowered or the range of the tax bracket be increased, he added.

Mr Garg said the tax bands could be increased by Rs. 50,000 in the upcoming Budget. According to the current income tax laws, income up to Rs. 2.5 lakh is not taxed. Income between Rs. 2.5 lakh and Rs. 5 lakh is taxed at 10 cent; between Rs. 5 lakh and Rs. 10 lakh at 20 per cent, and beyond Rs. 10 lakh at 30 per cent.

IDFC Chief Economist Indranil Pan said that the government could also provide higher income tax exemptions on housing loans to boost the property sector.

On corporate tax, Mr Garg of PwC said he believes that the government could lay down a roadmap for reduction of corporate tax rate from the current level of 30 per cent to 25 per cent. The finance minister had in the Budget for 2015-16 announced a plan to lower the corporate tax rate from the existing 30 per cent to 25 per cent over a timeframe of four years along with a withdrawal of exemptions.

Mr Garg also believes the government could reduce corporate tax rate by 1 percentage point to 29 per cent in the February 1 Budget.Jav streaming