The government is considering a provision to provide an exit window to holders of cryptocurrencies (cryptos), keeping in mind that banning them outright could deal a blow to investors sitting on them for years. According to sources in the government, the framework in the making may propose a grace period of three to six months for investors before prohibiting the possession, trading, mining, and issuing of cryptos. A group of secretaries chaired by the Cabinet secretary is learnt to have met in mid-March and discussed issues associated with cryptos, including the consequences of banning them and also on possible substitutes of blockchain technology - an advanced technology Bitcoin uses.
Sushil Kumar Modi, who ceased to be Bihar Finance Minister following the JD (U)-BJP split, on Monday resigned as Chairman of the Empowered Committee of State Finance Ministers looking into the implementation of the proposed new indirect tax regime - Goods and Services Tax (GST).
While noting there needed to be a balance between the two fundamental rights, the Srikrishna panel stated there was an inherent conflict. "However, disclosure of information from public authorities may lead to private harms being caused. It is thus important to recognise that, in this context, there is a conflict of fundamental rights, between transparency and privacy," the report stated.
Even if it wants to censor what you read, watch, or consume, the amount of content online is so huge that it is physically impossible for any government to do it, notes Vanita Kohli-Khandekar.
Accusing Uttar Pradesh Chief Minister Mayawati of not taking any steps for the betterment of Dalits, Bharatiya Janata Party national spokesman Ravi Shankar Prasad on Monday sought to know details of the measures taken by her for the welfare of downtrodden communities in the state.
A powerful campaign has been launched against Hazare and the movement he led. 'Anti democratic', 'Fascist' are some of the adjectives hurled at him. There is a less than subtle attempt to paint him a Hindu fundamentalist, writes Colonel Anil Athale (retd)
A powerful campaign has been launched against Hazare and the movement he led. 'Anti democratic', 'Fascist' are some of the adjectives hurled at him. There is a less than subtle attempt to paint him a Hindu fundamentalist, writes Colonel Anil Athale (retd)
Lok Pal Bill has some disastrous simplistic provisions that need serious repair.
Curtains were drawn on the anti-corruption campaign that drew instant nationwide support with a little girl giving the 73-year-old activist a glass of water at 10.45 am at Jantar Mantar, the nerve-centre of the agitation for a strong legislation to combat political and administrative graft.
Announcing his agitation, Hazare has asked the Centre to "show courage" in bringing in the bill in the Winter session of Parliament, beginning from December 5.
The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
He will succeed Kerala Finance Minister K M Mani.
Aam Aadmi Party on Monday fired a fresh salvo at Centre over the statehood issue.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
The Lok Sabha has already passed the Bill.
Wilful non-compliance of such mandatory features could attract imprisonment of up to a year or a fine that could go up to Rs five lakh or both.
A small step in this direction was taken with making triple talaq a punishable offence in the last Parliament session. But UCC is difficult to implement, reports Archis Mohan.
If a public sector company willfully enters into an agreement with a foreign vendor and abdicates its right to recourse which otherwise provides for its benefit, it would not only be violating the provisions of the Civil Liability for Nuclear Damages Act but also section 13(1)(d) of the Prevention of Corruption Act, notes Leader of Opposition in Rajya Sabha Arun Jaitley
Stepping up the attack on the ruling AAP over the 2015 Delhi Janlokpal Bill, ousted party leader Prashant Bhushan on Sunday said that the proposed legislation is "completely" different from its previous 2014 version.
Such an exercise was earlier undertaken in 2001, when 357 such laws were repealed.
Some also demanded empowering of local bodies.
United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.
The reshuffle had politics at its heart, so the biggest complement of new ministers, both Cabinet rank and below, came from UP, which will see assembly elections in a few months.
'The farm bills will not bring in corporate zamindari'
Basic salary of legislators will rise from current Rs 12,000 to Rs 50,000 and overall monthly package will be around Rs 2.1 lakh as against Rs 88,000 at present.
Brushing aside opposition, the government on Tuesday moved to amend the anti-smoking law and proposed radical changes, including ban on sale of loose cigarettes and raising the minimum age of a person buying tobacco products to 21 years from existing 18.
'The striking down of the use of Aadhaar by private companies implicitly calls for the deletion or erasure of all personal data vested in the servers of the private service providers.'
Tanden, president of the left-leaning think tank Center for American Progress, would have led a key economic post that oversees the production of the President's proposed budget for his agenda if she had been confirmed.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
The Left parties would strongly raise the issue of hike in petroleum prices at the meeting of the coordination committee with the UPA government, which was postponed on Thursday due to the death of Palestinian President Yasser Arafat.
The Centre on Saturday invited applications for appointment to the post of chairperson and members of the anti-graft watchdog, Lokpal.
EMR might have the provision to show pricing for each ailment.
The ministry has proposed similar penalty and jail term for adulteration, besides license suspension and cancellation
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
Supporting the food security ordinance, Bihar Chief Minister Nitish Kumar said his government is taking steps for its implementation but felt bringing it after discussion in Parliament would have been a better option.
Tomar said the union leaders kept insisting on repeal of the three farm laws, but the government side tried to explain them the benefits of the Acts and sought to know specific problems faced by the farmers.
The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.
"The process of NRC will be carried out across the country. No one irrespective of their religion should be worried. It is just a process to get everyone under the NRC," the Union home minister said replying to a supplementary during Question Hour in the Upper House.
Ramesh says the best route now is to refer the amendments to Parliament's standing committee on rural development.
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