Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion.
'Appellants may not lap up the scheme because, first, to do so would amount to admission of guilt, and second, they may have smelled victory before higher appellate forums,' notes S Murlidharan.
Despite public-private partnership projects announced in several rail budgets, the investment since 2000 has been merely Rs 3,000 crore.
They were participating in a debate on the bill for giving effect to various compliance relief measures for taxpayers, including extending time limits for filing returns, in the wake of the coronavirus crisis and tax benefits for donations to PM CARES Fund.
The BJP government in the state violated the Indian Government Accounting Standard.
Journalists acting in a manner prejudicial to the country's "security, sovereignty and integrity" as well as "public order, decency or morality" will lose their government accreditation, the Ministry of Information and Broadcasting has said in its new guidelines.
The agency would probe whether Sibal had shown undue favour to RIL.
The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
The AG said the country needs the Rafale jet to defend itself 'from F-16 fighter planes that recently bombed us'.
There is no need for increased superintendence over the CBI in the aftermath of the coal blocks allocation and 2G scam cases, CVC K V Chowdary said on Sunday.
The 61-year-old, who was administered the oath of office by Jammu and Kashmir High Court Chief Justice Gita Mittal at a simple function in the Raj Bhavan, also said he wants to accelerate development in the union territory, carved out of the erstwhile state of Jammu and Kashmir last year.
Reliance Power is yet to get a new CEO after J P Chalasani quit as managing director and chief executive officer.
The Comptroller and Auditor General report tabled in Gujarat legislature has indicated security lapses and mismanagement by the jail staff in the state prisons.
The trio said the top court had relied upon 'patently incorrect' claims made by the government in an unsigned note given in a sealed cover in the court.
Swaraj Abhiyan leaders Prashant Bhushan and Yogendra Yadav in Delhi accused the Raman Singh government of paying $1.57 million (Rs 10 crore) as 'commission' to a company registered in tax-haven British Virginia Islands to procure the chopper.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
After the Union comptroller and auditor-general saying there'd been a loss of Rs 10.67 lakh crore in allotment of coal blocks, the draft Request For Proposal (RFP) for new allocations has strong clauses for cancellation for breaches on this count.
India on Wednesday cancelled its Rs 3,600 crore deal with Anglo-Italian firm AgustaWestland for the supply of 12 VVIP choppers to the Air Force in view of charges that kickbacks to the tune of Rs 360 crore had been paid in it.
The Supreme Court on Wednesday stated that the three-member panel of Vikram Limaye, Amitabh Choudhary and Anirudh Chowdhury will represent the Board of Control for Cricket in India at the International Cricket Council's meeting, starting in Dubai, on Thursday.
A slow and ineffective response to allegations of scams under the erstwhile United Progressive Alliace government strengthened anti-Congress impressions in the minds of voters, which resulted in the party's poor show in the Lok Sabha polls, senior Congress leader Mani Shankar Aiyar said on Thursday.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
The court noted that Gupta made 'dishonest misrepresentation' before the then prime minister.
The apex court was hearing a plea of the NGO seeking initiation of contempt proceedings against the Union home secretary and chief secretary of J-K for their alleged 'wilful disobedience' in complying with the court's May 11 order. The top court told the administration that with the change of L-G, nothing changes as the special committee is there to look into the issue.
The telephone subscriber base was 996.49 million at the end of March.
The Delhi high court-appointed observer Justice Mukul Mudgal on Saturday handed out a list of 'to-do' to the executive committee members of the Delhi and Districts Cricket Association (DDCA) with notable being 'free tickets for under-privileged school children' subject to approval from the Court.
Indian Railways to bring on board ready-to-eat food companies
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
Raja said he had, in fact, brought a 'revolution' in the telecom sector.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
The government had also appointed PricewaterhouseCoopers as consultant to come up with a road map to upgrade base kitchens and service on trains.
The committee has been tasked to look into "omissions and commissions" in the decision-making process and also to fix responsibility of individuals, including civil and criminal liability, if any, the LG's office said.
The government had last year excluded those with an annual income of more than Rs 10 lakh from LPG subsidy
The Central Board of Direct Taxes, the apex policy making body of the I-T department, has been undertaking a host of steps to bolster the litigation management wing of the department which has come under criticism not only from courts but also successive Finance Ministers and in the audit reports of the Comptroller and Auditor General.
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
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