The Supreme Court-appointed Central Empowered Committee has recommended cancellation of mining lease to Karnataka's powerful Reddy brothers' firms in Andhra Pradesh, saying their Obulapuram Mining Company had openly flouted various environmental laws in mining operations.
The GST Constitutional Amendment Bill is with the standing committee.
Wants all services included in tax, with a negative list.
With the probe of the Centre-appointed Shah commission into alleged irregularities entering its last lap, Goan miners have started bracing themselves for a possible Karnataka-like blanket ban on mining and exports.
States have been advised to appoint financial advisors or set up an empowered committee with financial experts to oversee major spending decisions.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
According to a study done by Singapore University of Technology and Design Data, coronavirus will 100 per cent end across the world on December 8.
The CEC gave its latest report to the Supreme Court on Thursday.
The Karnataka government would abide by the Supreme Court decision on the recommendation of Central Empowered Committee to extend Central Bureau of Investigation probe into illegal mining in the state, Chief Minister D V Sadananda Gowda said on Friday.
Despite Tamil Nadu's objections, a Supreme Court-appointed Empowered Committee on Mullaperiyar Dam issue on Monday asked the state and Kerala to file their response by Friday on the ownership mechanism of a new dam, if built in place of the existing structure.
The Supreme Court on Friday suspended mining activities in Tumkur and Chitradurga districts of Karnataka, saying it would not change its order until a proper rehabilitation programme is formed. A three-judge forest bench headed by Chief Justice S H Kapadia gave the order on a recommendation by its expert panel for halting extraction of iron ores in Tumkur and Chitradurga districts of Karnataka.
The committee headed by former Chief Justice of India A S Anand is expected to submit its report on the controversial issue by February, 2012.
Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers.
Modi, who also handles the finance portfolio in the Bihar government, replaces Asim Dasgupta, who had served in the post for over a decade since the formation of the body.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
Officials said Mukherjee had proposed the name of Modi for the post, as an experienced person like him could have helped convince BJP-ruled states to move ahead on the Goods & Services Tax (GST).
State FMs okay list of tax-exempt services with certain riders.
Sticking to its stand, the Bharatiya Janata Party government in Karnataka on Saturday asserted that it would not entrust the probe into the illegal mining issue to the Central Bureau of Investigation, but said a report would be submitted to the Supreme Court on the issues raised by a committee appointed by the apex court.
The Supreme Court-appointed Central Empowered Committee on Friday said that large-scale illegal mining was going on in Karnataka, particularly in Bellary district, in connivance with officials and public representatives.A special forest bench headed by Chief Justice S H Kapadia issued a notice to the state government and sought its response on various findings in the CEC's interim report, including the export of 304.91 lakh metric tonnes of iron ore without valid permit.
Bench, however, did not pass any order against 68 other mines
Karnataka Governor H R Bhardwaj on Thursday again turned the heat on the Bharatiya Janata Party government in the state, accusing it of inaction on the Supreme Court-appointed Central Empowered Committee's report on illegal mining.
The empowered committee of state finance ministers has approved the position paper of the Centre on the information technology network for the proposed indirect tax regime.
As the Centre tried to build consensus on its proposal on constitution amendment bill, required for the rollout of GST, and even floated revised draft to please states, some states came out with alternative model that would not require the amendment of constitution.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
Addressing the Lok Sabha on Wednesday, Finance Minister Pranab Mukherjee called for the inclusion of petroleum products in proposed goods and services tax so that sharp domestic price movements can be checked.
They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.
At present, the EPF subscribers are exempted from paying income tax on deposits.
The empowered committee of state finance ministers has virtually trashed the Thirteenth Finance Commission taskforce's Goods and Services Tax report.
Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
The Central Empowered Committee (CEC) appointed by the Supreme Court on environment and forest, in its preliminary report submitted to the apex court has confirmed that prima facie there was illegal mining beyond the limits of leased lands, in violation of the forest conservation act by Reddy's companies.
The finance minister said the consensus between the Centre and states is required to amendment the constitution for implementing goods and services tax.
Tamil Nadu on Monday suffered a setback with a Constitution Bench of the Supreme Court refusing to concede the state's plea for scrapping the high- high-level empowered committee set up to examine the legal and safety aspects of the Mullaperiyar dam in Kerala.
Finance Minister Pranab Mukherjee said 'yes' in a written reply to the Rajya Sabha when asked whether the chairman of the Empowered Committee of the State Finance Minister has expressed the opinion that it was not feasibile to implement GST from April 1, 2010.
The Madhya Pradesh government on Monday presented an alternative model of the GST but some states immediately raised objections to it.
A discussion paper by the empowered committee of state finance minister released today said taxes levied by the central government like excise, additional excise duty and various surcharges and cesses would be part of the GST.
Six states and UTs -- Maharashtra, Manipur, Meghalaya, Sikkim, Tripura and Daman & Diu -- have not spent a single rupee from the fund allocated by the Centre, according to data shared by the minister in Parliament in response to a question.
Karnataka Tourism Minister G Janardhana Reddy on Friday night said the Supreme Court-appointed Central Empowered Committee's report -- describing as 'illegal' the mining of iron ore by the Obulapuram Mining Company owned by him in Andhra Pradesh-Karnataka border -- was not that of the apex court. He said the report by the CEC is an 'ex parte report' since the Obulapuram Mining Company "was never heard before
Civil servants, armed forces and paramilitary personnel will get to rejoice this Independence Day with the government all set to approve the Sixth Pay Commission report in its Cabinet meeting on Thursday.
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