The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Facing stiff resistance on the Land Acquisition Bill, Prime Minister Narendra Modi has announced that the government will not re-promulgate the Ordinance which expires on Monday and declared readiness to accept any suggestions to benefit the farmers in the pending bill on it.
The govt will have to clear hurdles to push GST by March 2015.
RIL has slapped an arbitration notice challenging oil ministry's decision to take away 814 square kilometer of its eastern offshore KG-D6 area that contained five gas discoveries.
The session started on December 15 ended on January 5.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
Australia's Olympic delegation in Rio de Janeiro said on Monday that organizers had made "fantastic" progress in fixing problems with unfinished housing, although officials admitted that only two-thirds of the buildings had passed full safety checks.
Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
With just four days left before the curtains come down on the 15th Lok Sabha, sources in the government say that the Congress is left with no option but to pass the bill otherwise they would be at the losing end in both Seema-Andhra and Telangana. Renu Mittal reports.
In a television interview, Union minister Jairam Ramesh claimed that a state of UP's size was ungovernable
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
The government is considering a proposal to privatise some state-owned banks in phases.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
In a veiled reference to Pakistan, India said perpetrators of violence in Afghanistan must not be allowed safe havens in its neighbourhood, as it slammed the United Nations Security Council's sanctions regime for not designating the leader of Taliban as terrorist, calling such an approach a "mystery."
'If Chandrayaan 1 had a launch with GSLV, we need not have an orbiter for Chandrayaan 2.' 'We could have gone straight round the moon and landed on the moon.'
Lok Sabha is set to witness a confrontation over Land Acquisition Bill on Tuesday when it is taken up for voting with opposition bent on opposing it even as the government again offered to make changes in the legislation in the "larger interest" of the farming community.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
The apex court said it was only safeguarding the interest of innocents from being arrested.
The productivity of the Lok Sabha was 91.58 per cent while that of Rajya Sabha was 56.29 per cent.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
News of all that's transpired on and off the football field
On October 18, the apex court had directed Karnataka to keep supplying Tamil Nadu with 2,000 cusecs of water till further orders.
Stringent punishment for rape of a girl under 12 years has been provided with the minimum jail term being 20 years which may go up to life in prison or death sentence. Gangrape of a girl under 12 years of age will invite punishment of jail term for the rest of life or death.
Sensex surged 486 points or 1.9%.
PSUs will get direct allotment.
Taking an apparent dig at Modi, Gandhi satirised a song, saying "Aapka toh lagta hai bas yahi sapna, ram ram japna garibo kaa maal apna (It seems your only dream is to take away money from poor while chanting the name of Ram)".
In an interview with Rediff.com Puducherry CM spoke about his plans for the state, Rahul Gandhi and his daily friction with the lieutenant governor.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
Is there a conflict of interest in civil servants having a decisive say on the recommendations made by a Pay Commission or is it time for a new review mechanism, asks A K Bhattacharya.
At the core of the issue is the national capital's unique status of a Union Territory that is administered by both the Centre and the government of the National Capital Territory of Delhi.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
The festive season starts from August and last till December.
'The size or economic potential of no event can be a valid excuse to break the law of the land.'
The manifesto, on the lines of the party's promise in Delhi in 2015, also says the AAP government will set up Aam Aadmi canteens at sub-division and district levels where one time meal will be available for Rs 5, and reduce the power tariff to half for usages up to 400 unit.
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