As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
More companies with unconventional business models to get into messy legal hassles in India.
Govt expects to save Rs 10,000 crore through this move.
States' demand for 5 years and Constitutional provision ruled out
It came down from $1.94 billion in 2009-10 to $1.17 billion the next year and to $1.11 billion in 2011-12.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
Bureaucrats are finding it difficult to keep pace with Modi's working style -- from long work hours to faster clearance of files -- it is a telling tale in the corridors of power. Vrishti Beniwal finds out
Some experts had said the Budget did not have much in terms of big ideas.
The state has extended its full support, provided its revenues are protected.
New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
Preparing legal framework to protect states from revenue loss.
Prime Minister Narendra Modi's leash on foreign junkets of his ministers and bureaucrats seems to have trickled down to states as well.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
The new system will allow all government employees to mark their attendance from any central government department, by entering a six-digit unique number, besides finger prints or iris scan.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
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