Engineering Export Promotion Council (EEPC) of India has urged the Centre to extend lower corporate tax benefit to Limited Liability Partnerships (LLPs) and proprietary firms as it would make funds available with MSMEs and boost private investment cycle. A body of direct tax professionals also sought for reduction of tax burden on individuals and requested the government to raise the income tax exemption limit at Rs 2.5 lakh to Rs 4 lakh per annum in the upcoming budget for 2022-23 fiscal. EEPC India chairman Mahesh Desai claimed around 84 per cent of small businesses are being denied the benefit of lower corporate tax which was aimed at providing industrial units with more investible surplus.
Leaders of the powerful G7 grouping and its five partner countries, including India, have said that they are committed to open public debate and the free flow of information online and offline while guarding the freedom, independence and diversity of civil society actors.
The senior lawyer, who contended that the marital rape exception was not constitutional, said that the marital rape exception would be tested on the anvil of its constitutionality and an individual's opinion was not relevant.
The Delhi high court Friday asked the Centre to inform whether it wishes to withdraw its 2017 affidavit in which it had submitted that marital rape cannot be made a criminal offence as it could become a phenomenon which may destabilise the institution of marriage and an easy tool for harassing husbands.
One reason for resistance to moonlighting is that WFH calls into question the necessity for the thick layers of middle and senior management which run most businesses, argues Devangshu Datta.
Chief Justice of India-designate Justice U U Lalit on Friday highlighted three areas on which he intends to work during his 74-day tenure as the head of the judiciary and said he would strive hard to ensure that at least one Constitution bench is functioning in the Supreme Court throughout the year.
'They might not have liked his judgments on IT rules, the Election Commission and Pondicherry.'
The government decided to form an oversight committee which will investigate the allegations of sexual harassment of women wresters by WFI president Brij Bhushan Sharan Singh.
A special court in Mumbai on Monday remanded Shiv Sena leader Sanjay Raut to the custody of the Enforcement Directorate (ED) till August 4 in a money laundering case.
The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.
The statement was posted on the issue of a 'Shivling' found in the Gyanvapi mosque complex which is very sensitive in nature and the matter is pending before the court, the lawyer said in his complaint.
Chief Justice of India Uday Umesh Lalit Thursday said media reports claiming that a Supreme Court bench has criticised the new system of listing of cases are 'not correct' and all judges of the apex court are on the same page.
The surge in wheat export from India owing to the Ukraine crisis has once again demonstrated how farmers in states that have flexible marketing frameworks and low taxes benefit more from an emerging situation. The bulk of the wheat exported from India, trade and industry sources say, is being sourced at rates significantly higher than the state-mandated price of Rs 2,015 per quintal in Madhya Pradesh (MP), Uttar Pradesh (UP), and Gujarat - states which have low mandi taxes compared to Punjab and Haryana. This is not only benefiting farmers there but could also lead to significant savings for the states in procurement costs in the months to come.
The Supreme Court is scheduled to hear on Tuesday the fresh plea of former Bharatiya Janata Party spokesperson Nupur Sharma seeking revival of her withdrawn petition seeking clubbing of first information reports (FIRs) lodged in several states over her remarks on Prophet Muhammad in a TV debate show.
With elections elsewhere in India showing that multi-pronged contests usually work to the BJP's favour, the party can gain if it hangs on stubbornly. In the meantime, any additional support helps. That is why the archbishop's comment attracted political traction in Kerala, observes Shyam G Menon.
A look back at many memorable moments in his life as Prince Charles.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
In his letters sent to the DMs of Aligarh and Haridwar, Ali has said a public event styled as a 'Dharam Sansad' was held in Haridwar and Delhi from December 17-19 last year where such speeches were made.
Former US President Barack Obama congratulated LeBron James a day after he picked up his fourth NBA title, as prominent figures in sports, politics and beyond celebrated the Los Angeles Lakers championship.
Taking suo motu cognisance of media reports on the incident, the court initiated proceedings at 1 pm, Registrar General (RG) Dinesh Kumar Sharma said.
The JD-U has become probably the first party in recent years to target its own senior leader for corruption.
A bench of Justices DY Chandrachud and JB Pardiwala issued notice to Rajasthan and Chhattisgarh governments and said that no action be taken concerning the FIRs lodged in Raipur and at Sikar on the same cause of action.
Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than ponzi schemes and threaten the financial sovereignty of a country. Observing that crypto-technology is underpinned by a philosophy to evade government controls, he said they have been specifically developed to bypass the regulated financial system. More substantially, he added, cryptocurrencies can wreck the currency system, monetary authority, banking system, and in general the government's ability to control the economy.
The bench was hearing three petitions on the issue, including the one filed by the International Spirits and Wines Association of India.
The bench directed however that keeping in view the COVID-19 pandemic and lockdown conditions, the sentence shall come into force after 16 weeks when the three should surrender before the secretary general of the apex court to undergo the imprisonment.
Kundra and Thorpe were arrested last month and remanded initially to police custody, and subsequently to judicial custody.
The official said they would complete the probe in a time-bound manner.
'Such a struggle at Kalakshetra is unprecedented.'
While convict Ariz Khan was awarded the death penalty by a trial court, Shahzad Ahmed was sentenced to life imprisonment in the case.
In strong observations while hearing the plea, the high court cited the death of Princess Diana while trying to escape the media chase, and said there needs to be "some toning down" as people are "afraid of the fourth pillar of democracy" because of its powers.
"I don't want you to cry but with anger, you have to shout and demand that we need 50 per cent reservation," the CJI said.
The ED probe pertains to alleged financial irregularities in the redevelopment of Patra Chawl, a tenement, and related financial transactions involving his wife and associates.
With some variations, all regional political formations, whether in power presently or out of it, share some common features: Tight family control of the political apparatus, key members in elected or appointed positions, obvious wealth but not quite known sources of income, and family factionalism, sometimes open and bitter, notes Shreekant Sambrani.
After Islamic evangelist and preacher Zakir Naik showed the inability to go to the Indian embassy in Malaysia for authentication of his credentials for vakalatnama, the UAPA tribunal said, "He is bound to file a vakalatnama in proper format with proper authentication or he may remain physically present on the next date of hearing."
The Delhi high court on Wednesday said there was an anomaly and misalignment in the erstwhile Section 377 of the Indian Penal Code, which was decriminalised by the Supreme Court in 2018, and the rape law that protects a husband from prosecution for a non-consensual sexual act, including unnatural sex, with his wife.
The NIA said in its affidavit that Waze's case was different from that of Varavara Rao accused in the Elgar Parishad case and while the latter had been granted medical bail, Waze was asking for continuing judicial custody in the form of house arrest.
In a major relief to Indian information technology (IT) companies operating in Australia, Canberra has agreed to amend its domestic laws to stop taxing offshore income of such Indian companies, as part of the free trade deal inked. This may lead to savings up to $200 million each year for over 100 Indian IT companies operating in Australia. "The Government of Australia has agreed to amend the domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. "This will resolve the issue that the Indian government has raised about the double taxation avoidance agreement (DTAA) between the two governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income," said a commerce ministry official.
Over 100 workers of the MSRTC had staged the protest outside 'Silver Oak', Pawar's bungalow on Pedder Road in south Mumbai on Friday afternoon, catching the police unawares.
Politicians and bureaucrats find it very difficult to accept their failure and inability as it is not in their veins, the Delhi high court Wednesday said while expressing concerns over the condition of subordinate judiciary's judicial officers who are at risk of contracting COVID-19 owing to the nature of duties.
The Delhi high court on Wednesday expressed concern over a large gathering of Afghan nationals protesting outside the UNHCR office and seeking refugee status, saying it could act as a super spreader of coronavirus as there is lack of adherence to Covid-19 appropriate norms.
