Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Calling people of the northeastern region by "derogatory" names will soon become a non-bailable offence and land you in jail for up to five years.
The tribunal also refused to give an urgent hearing on a fresh plea seeking stay on the three-day event on the banks of river Yamuna from Friday, alleging that AOL has not taken permissions from the competent authority as directed by the tribunal.
10 women and six minors are among the injured, the officials said.
India had a transition from 'socialism with a limited entry to marketism without exit'.
Virat Kohli and his predecessor Mahendra Singh Dhoni's demand for a pay hike for the team was on Thursday accepted by the Committee of Administrators, which also took their inputs on the issue of cramped scheduling.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
The Monsoon Session of the Lok Sabha was adjourned sine die on Friday after 19 sittings that saw the passage of 14 legislation while Rajya Sabha came to an end after passing nine bills.
True, Azam Khan is being targeted rather disproportionately and also because of his Muslim identity. That must be protested and resisted. But to say that he is a big messiah, and his profit-making educational enterprise is an issue concerning all Muslims of India, is absolutely unjustified, assert Mohammad Sajjad and Md Mohammad Zeeshan Ahmad.
An official panel on Tuesday ruled out any increase in value added tax (VAT) rates as part of a package to compensate states on account of revenue loss due to a one per cent cut in Central Sales Tax that was to have happened in the beginning of this fiscal.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
Five persons were killed and nearly 200 others fell ill after inhaling ammonia gas which leaked from a gas tanker after it accidentally brushed against a flyover near Ludhiana, triggering panic in the area.
The government is keen to get the GST Bill approved during the Monsoon Session of Parliament ending on August 12.
The Board of Control for Cricket in India's all-powerful Working Committee will meet in Hyderabad on Tuesday to decide on whether to impose a freeze on future West Indies tour and claim damages in the wake of the unprecedented move by the Caribbean team to pull out of the remainder of India tour because of the pay dispute with the Board.
The empowered committee of state fnance ministers had recommended to the finance ministry that the Centre should provide direct budgetary support and transfer more services to states on account of the rate cut, sources said. States have refused to hike the value-added tax rate on more than 250 items like drugs, agricultural and industrial inputs from 4 per cent to 5 per cent to make up for revenue loss.
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The Direct Taxes Code bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.
Banks normally park almost 27 per cent of their funds in government securitie.
Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.
Top Congress sources said they would not hold up the Bill.
If states are to levy service tax, a combined GST will become a nightmare since a host of tax departments in each state will also have to be dealt with.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
Experts say finding a solution within the high court-mandated timeline of six months may be tough.
BCCI sources said that a similar decision in the case of another IPL team Kochi Tuskers Kerala a few years ago, at the insistence of former president Shashank Manohar, had backfired with an arbitration award favouring a payout of Rs 550 crore for the disbanded Kerala franchise on grounds of wrongful termination.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
In a tweet, the prime minister's office said, Modi has approved an ex gratia of Rs. 2 lakh each from the Prime Minister's National Relief Fund for the kin of those who have lost their lives.
'The writer remains the most creative force in the process.' 'Producers need to be inventive in how they reward good writing.'
Jaitley was replying to a debate in the Lok Sabha on Supplementary Demands for Grants for an additional expenditure of over Rs 12,500 crore (Rs 125 billion).
Summary of sports events and persons who made news on Tuesday
Gadkari said the bill's early passage in Lok Sabha was necessary so that it could be moved to the Rajya Sabha for passage during the ongoing session, which ends on Friday.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Krishna's appointment as head of the global IT giant adds to the growing list of Indian-origin executives at the helm of some of the biggest multinational companies. Krishna joins the club that includes Microsoft CEO Satya Nadella, Google and Alphabet CEO Sundar Pichai, MasterCard CEO Ajay Banga, PepsiCo's former CEO Indra Nooyi and Adobe CEO Shantanu Narayen.
Sarfraz can't continue to captain in all three formats: Zaheer Abbas
Infosys is steadily trying to get back its lost ground under Sikka.
State Education Minister Anandiben Patel, who rushed to the site on Friday night, told mediapersons that the government would investigate the incident thoroughly.
Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker's chief executive.
The Indian cricketers' central contracts saw a two-fold rise with top players in group A earning Rs 2 crore annually. Earlier, they were drawing Rs 1 crore.
The official panel on value added tax decided on Thursday to ask the Centre to cut Central Sales Tax, imposed on inter-state movement in goods, to three per cent from the current four per cent from October.
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