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.
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.
It is sad that the legislative pre-consultation on such an important bill is being done in a very biased manner, notes Shailesh Gandhi, former Central Information Commissioner, recounting his experience with Minister Rajeev Chandrashekhar.
Instead government has given a go ahead for an international airport at Jewar in Greater Noida to decongest New Delhi airport
The ban on certain single-use plastic (SUP) items kicks in from Friday, with state governments initiating an enforcement campaign to identify and close down units engaging in production, distribution, stocking and sale of such items, officials said. Though several manufacturers have said they are not prepared to implement the ban due to a lack of alternatives, Union Environment Minister Bhupender Yadav had on Tuesday said the government had given enough time to the industry and the general public to prepare for the ban on SUP items and it hopes for everyone's cooperation in implementing it from July 1. Violation of the ban will invite punitive action, including a fine or a jail term or both, detailed under Section 15 of the Environment Protection Act (EPA) and under bylaws of respective municipal corporations, officials in the Union environment ministry said.
The opposition will seek to target the government on the issue of farmers' plight as well as their demand for a legal backing for minimum support price.
A home ministry spokesperson, however, said the decision does not imply that the AFSPA has been completely withdrawn from the three insurgency-hit states but will continue to be in force in some areas of the three states.
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
The Supreme Court agreed to hear on Friday, instead of Wednesday, a batch of pleas alleging the use of Israeli spyware for surveillance of certain people in India, after taking note of the submissions of the solicitor-general that he would be busy arguing a money-laundering case in another court.
After securing Congress support for a rise in the foreign investment cap in the insurance Bill, this is another key reform Bill where the Centre has managed a broad consensus.
'The government allowed private hospitals to treat COVID-19 patients, so it should pay.'
'Many times when Khalistan slogans are raised, it is from those who feel alienated, not because they want a separate state.'
After an all-party meeting in New Delhi, Parliamentary Affairs Minister Pralhad Joshi also said that some of these 32 bills have already been discussed by standing committees of Parliament.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
The Bombay high court on Friday asked the Union government what was the need to introduce the recently notified Information Technology Rules, 2021 without superseding the existing IT Rules that came into effect in 2009.
GST reform has been hanging fire since 2006-07.
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
Amid questions over his future, many political observers believe he has enhanced his political stature.
Following the order, the Peace and Harmony Committee of the Delhi Assembly deferred its proceedings, and said it would notify the further course of action and the next date of sitting in due course of time.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
An area of worry relates to simplification of the refund procedure where the inverted duty structure prevails
Mallikarjun Kharge on Wednesday took charge as the Congress' first non-Gandhi president in 24 years, citing Rahul Gandhi's slogan 'daro mat' to energise workers and declaring that the party will demolish the government's 'system of lies, treachery and hatred'.
Sangma said finding the solution was not an easy decision, but for the political will of Prime Minister Narendra Modi and Home Minister Amit Shah.
'Whatever I did, I did for the farmers and whatever I am doing, I am doing for the country'
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
He also said that train services will resume after the state government and protesting farmer unions assure the safety of the tracks. Tomar and Union Food, Commerce and Railways Minister Piyush Goyal held a day-long meeting with representatives of various farmer unions at Vigyan Bhawan in New Delhi.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Valmik Thapar's book -- Wildfire: The Splendours Of India's Animal Kingdom -- is a reminder of India's sumptuous wildlife wealth at a time when there is a steady dilution of conservation policies
Officials cited the example of the Sixth Pay Commission.
Pradip Burman belongs to one of India's most illustrious business families, one which runs the noted Dabur brand of mostly Ayurveda-based FMCG products.
Niti Aayog CEO Amitabh Kant said only farm revolution can make it possible. He also stressed on scrapping Agriculture Produce Marketing Committee and some old laws like Essential Commodites Act, which restrict movement of farm produces.
'By the time actual action began, it was already too late.' 'The virus was raging.'
In the wake of the Supreme Court rejecting Kerala's contention in the dispute with Tamil Nadu over the Mullaperiyar dam, the state on Monday sought Centre's mediation and a presidential reference to the apex court to address its anxiety over the issue.
Years of wait before DTC, GST are rolled out
Women, if addressed properly, have the potential to become a decisive factor in elections.
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
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