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Testing waters
We need to evolve credible and institutionalised practices to resolve inter-State river disputes
Last week, the Supreme Court directed the Centre to constitute a tribunal within a month to
adjudicate the Mahanadi river water dispute between Odisha and Chhattisgarh
Centre had resisted constituting a tribunal, instead advocating a political resolution
through talks.
The parties in power in both States — the Bharatiya Janata Party (BJP) in Chhattisgarh and the
Biju Janata Dal (BJD) in Odisha — will be •fighting tough elections in 2018 and 2019
Both need fresh grounds for political mobilisation, and the Mahanadi dispute is an enticing
opportunity
The governments cannot afford to be seen as compromising their respective States’ interests.
The ecosystem has to enable not just inter State dialogue for collaboration,
But also other goals of executing agreements and projects for river
• 1)-Development,
• 2)-Conservation and
• 3)-Restoration.
Interstate River Water Disputes Act, 1956 (IRWD Act) is an Act of the Parliament of India enacted under Article 262 of Constitution of India on the eve of reorganization of states
Simpler tax regime for financial products
The Income Tax Act, under Section 80C, does create such incentives by allowing savers to ded
uct up to •1.5 lakh upfront from their taxable income each year towards investments.
Section 80C. Under section 80C, a deduction of Rs 1,50,000 can be claimed from your
total income.
In simple terms, you can reduce up to Rs 1,50,000 from your total taxable income through
section 80C.
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