While presenting the Union Budget for 2009-10, finance minister Pranab Mukherjee had said that in order to bring in tax reforms in the country the government will bring the new DTC within 45 days. The code will replace the existing Income Tax Act, which was enacted in 1961 and would subsume the direct tax legislations.
The allocation for Rashtrapati Bhavan on Monday saw a 21.39 per cent jump with a major chunk being earmarked for Presidential secretariat expenses.An amount of Rs 38 lakh has been allocated for salaries and allowances of the President in the 2009-10 budget presented by Finance Minister Pranab Mukherjee in the Lok Sabha.
While presenting the Budget proposal for the year 2009-10, in Lok Sabha on Monday, he pointed out the policies in a medium term perspective would have to pay attention to.
Finance Minister Pranab Mukherjee while presenting the Vudget 2009-10 in Lok Sabha on Monday announced the extension in the time given to the farmers having more than two hectares of land to pay 75 per cent of their overdues under Debt Waiver and Debt Relief Scheme extended from June 30, 2009 to December 31, 2009.
Union Finance Minister Pranab Mukherjee while presenting the Budget 2009-10 in Lok Sabha on Monday announced that a sub-committee of State level Bankers Committee (SLBC) would identify and formulate an action plan for providing banking facilities in under-banked/unbanked areas in the next three years.
Agricuture credit flow for the year 2008-09 was Rs. 2,87,000 crore (Rs 2,870 billion).
He's the first finance minister to present Budgets on either side of an election and the first to do so after a quarter-century gap.
The session will discuss a legislation on the offices of profit besides several other bills.
On the issue of an agreement with China for military exercises in the Indian Ocean, Mukherjee said India had not signed any such pact.
The Lok Sabha witnessed a rare show of camaraderie between leader of Opposition L K Advani and leader of the House Pranab Mukherjee on Tuesday when the former lauded the latter for his role as the principal trouble-shooter of the government. Mukherjee blushed, smiled and welcomed the statement with folded hands as the House applauded with thumping of desks.
The gross domestic savings rate increased from 29.8 per cent in 2003-04 to 30.7 per cent in 2007-08. The tax to GDP ratio increased from 9.2 per cent 2003-04 to 4.5 per cent 2007-08, Pranab Mukherjee said.
Presenting the interim Budget for 2009-10 in Lok Sabha, acting Finance Minister Pranab Mukherjee claimed in Parliament on Monday that every effort has been made to fulfil promises made to the common man.
The Direct Tax Code Bill, which was tabled in the Lok Sabha on Monday, has been delayed by a year. The Bill will now come into effect from April 1, 2012.
The government on Monday tabled the much-awaited Direct Taxes Code Bill in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1,60,000 to Rs 200,000.
'One is happy. The moment one starts criticising the BJP, ED, IT and CBI comes to one's house.'
Akali Dal member of Parliament and former speaker of the Punjab assembly, Charanjit Singh Atwal, was today unanimously elected Deputy Speaker of the Lok Sabha
Mukherjee said while India has been included in the Majors List, there was no year in which it was listed as a country that failed demonstrably to adhere to international counter-narcotics agreements or take counter-narcotic measures.
Advani wanted a reassurance from the government that Arunachal Pradesh is an inalienable part of India.
The discussion has come at a time when the government has approached the International Atomic Energy Agency for discussing India-specific safeguards after securing the nod from the Left allies.
Home Minister Amit Shah on Tuesday rejected in Lok Sabha the claim by Congress leader Adhir Ranjan Chowdhury that he sat on Rabindranath Tagore's chair during his visit to Visva Bharati.
"There will be some challenges" in the switchover to GST in the short term, Finance Minister Arun Jaitley has warned.
Who can vote, who can't vote and how will the polls take place?
Transactions older than ten years cannot be probed under the Swiss laws and the Swiss authorities have informed in writing that facts of the Bofors case fell under the rule "lapse of time" and hence its regrets to offer any further help.
On July 25, Pranab Mukherjee will leave Rashtrapati Bhavan and move into 10 Rajaji Marg in Lutyens' Delhi.
Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.
Chatterjee, who was the state education minister when the scam took place, was arrested after around 26 hours of grilling in connection with the probe.
The govt said seeking information about the legal position of any case was its 'legitimate right'.
Advani said it was a serious matter and wanted Government to take Parliament into confidence.
'Why should they say that their doors are open? Are we beggars? My doors are open for them,' a defiant Mamata said.
India will participate in a debate on reform and expansion of United Nations Security Council to be held at the world body on December 11, government told the Lok Sabha on Wednesday.
"NDA is a beautiful rainbow of regional aspirations... So nation's development through the development of states... At a time when we are working for a developed India, NDA is taking the lead in showing the spirit of sabka prayas," he said.
Amidst a walkout by the Left parties, government on Thursday asserted in the Lok Sabha that it had the sovereign right to conduct a nuclear test, making it clear that the bilateral agreement with the US does not put any restraint on it.
Congress president Sonia Gandhi stumped party members by taking the last row in the Lok Sabha on Monday.
About 43 MLAs and 200 MLAs have been named.
A two-minute silence was observed in his memory and the two Houses, which were on their last day of the winter session, adjourned sine die as a mark of respect.
Student loans increased from Rs 4,500 crore (Rs 45 billion) on March 31, 2004 to Rs 24,260 crore (Rs 242.6 billion) as on September 30, 2008, the minister said.
The 61-year-old feisty leader, who had single-handedly wrecked the red bastion in West Bengal in 2011, was unfazed by the Left-Congress alliance ahead of the assembly polls.
TV sting: Govt moves motion in LS on expulsion of 10 MPs
The Centre on Saturday invited applications for appointment to the post of chairperson and members of the anti-graft watchdog, Lokpal.
The four were kept at the CBI office in Nizam Palace following their arrest in the morning from their homes in different parts of Kolkata.
