The extension comes three days after the Centre constituted a high-level committee under the chairmanship of Registrar General and Census Commissioner Vivek Joshi with Additional Secretary in the Union Home Ministry Piyush Goyal as its Member-Secretary.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
The FAQ also clarified that companies, including Titan, which supplies watches and jewels through their own websites will not be considered as e-commerce operators
'Ultimately, we have to understand that we don't have the supply at the population scale. 'Therefore, it has to be prioritised.' 'That's what the government has done.'
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 Centre, after the repeal of the farm Acts, may bring in another important piece of legislation concerning farmers in the form of the long-pending Seeds Bill. This will be in the ogoing winter session of Parliament. Sources said the draft Seeds Bill, in the way it was prepared in 2019, sought to overcome several of the shortcomings of the Seeds Bill of 2004, which was proposed to replace the Seeds Act of 1966. However, the 2004 Bill could not be cleared owing to deficiencies in it.
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.
Instead government has given a go ahead for an international airport at Jewar in Greater Noida to decongest New Delhi airport
The central government is looking to strengthen the boards of public sector banks (PSBs) by specifying terms of office and conditions of service for whole-time directors, and also seeking disclosures from all directors about interests in other companies. Through the Banking Laws Amendment Bill, the government is likely to introduce conditions for disqualification of whole-time and independent directors which are not specified in the current legislation. The Centre is seeking to introduce fresh changes that are aimed at strengthening the boards of PSBs, and holding their directors accountable, an official said.
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
Goa has been following the Portuguese Civil Code 1867, which is also called Uniform Civil Code.
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.
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, they said. For effective enforcement of the ban, national and state-level control rooms have been set up and special enforcement teams formed to check illegal manufacture, import, stocking, distribution, sale and use of banned SUP items, officials in the ministry said.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
'At the heart of the strategic relationship between our countries are economic ties.'
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.
'The government allowed private hospitals to treat COVID-19 patients, so it should pay.'
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.
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.
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.
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.
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.
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.
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.
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.
'Many times when Khalistan slogans are raised, it is from those who feel alienated, not because they want a separate state.'
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
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.
An area of worry relates to simplification of the refund procedure where the inverted duty structure prevails
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 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.
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
Amid questions over his future, many political observers believe he has enhanced his political stature.
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.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
Officials cited the example of the Sixth Pay Commission.
'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.
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.
