CBDT has been given a collection target of Rs 5.69 trillion in personal income tax in the fiscal year 2019-20 - 19.2 per cent more than the Rs 4.77-crore collection in the previous year.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
These states and UTs are Maharashtra (seven districts/municipalities), Telangana (four), Tamil Nadu (seven), Rajasthan (five), Assam (six), Haryana (four), Gujarat (three), Karnataka (four), Uttarakhand (three), Madhya Pradesh (five), West Bengal (three), Delhi (three), Bihar (four), Uttar Pradesh (four), and Odisha (five).
'If the Congress wants to keep the ship afloat, it will have to bury the differences.'
The DGP was on the "hit list" of the YSR Congress for some time now, as they were perceived to be close to the previous Telugu Desam Party government.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
The criteria for allowing companies to avail of this provision will include profitability, networth, paid-up capital, and turnover.
Sushil Chandra will conduct the UP, Punjab, Goa, Manipur, Uttarakhand elections before he retires in May 2022.
For next fiscal, the minority stake sale target has been kept at Rs 36,000 crore.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
'Earlier the planning process was services specific, with others coordinating. 'Now we shall have an apex leader backed by a structure, who is accountable to provide single-point advice, based on best of all options dependent on geographical and situational intrigue, and that too, after validation,' says General Anil Chait (retd), the former central army commander.
He was the chief guest of UIDAI's function in New Delhi.
The 62-year old MP representing Villupuram suffered serious head injuries and died on the spot on Saturday morning.
The government has decided to transfer 22 All-India service officials working in one ministry for over seven years by the end of this month as part of its rotation policy aimed at increasing efficiency in the bureaucracy.
While Birla did not specify the financial implications of the move, sources said the Lok Sabha Secretariat can annually save more than Rs 8 crore with the subsidy coming to an end.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
Prime Minister Narendra Modi has asked all wings of the government to work in a synchronised manner and pressed the bureaucracy to take speedy decisions.
The panel's report also provides a range for fiscal deficit and debt path of both the Union and states and also recommended additional borrowing room to states based on performance in power sector reforms. Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations. The report of the 15th Finance Commission was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman.
'The announcement has come too late. This should have been done years ago.'
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
In order to maintain a high standard of efficiency in governance, the Centre is reviewing the performance of all-India service officers and has asked the state governments to carry out similar exercises so that non-performing officials could be retired from services.
The India-US Commercial Dialogue is an institutional arrangement between the two countries to promote trade and remove obstacles.
From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.
'The rate of transmission of COVID-19 in Hong Kong was 0.7 -- anything below 1 suggests the epidemic is receding.' 'The city-State achieved this without the de facto police-State curfew that India has resorted to,' says Rahul Jacob.
Weeks after the second wave peaked in many parts of the country, we are rapidly forgetting what happened to our hospitals, cautions Mihir S Sharma.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
'The skills and abilities of civil servants are still respected, even though they become whipping boys when things go wrong.'
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
Uber has received support from 118,000 riders to its online petition against some of the rules.
The Energy Efficiency and Renewable Energy (EERE), US Department of Energy, is in talks with several Indian government departments for creating a bio-mass roadmap for India similar to the one being planned with China.
The bench said the Union Cabinet Secretary will be the convenor of the task force and may nominate an officer not below the rank of Additional Secretary to depute for him, when necessary.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
'What the government should do is to use the vaccine judiciously, not just to prevent a third wave alone, but to stop the number of deaths happening in the interim.'
Recalling his association with Jaitley, the CM said that "I had very close association with Arun Jailey ji since 1998 when I got the opportunity to work in Atal Bihari Vajpayee government... I am deeply hurt with passing away of Arun Jaitley ji."
'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'
The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said. Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed by the release of pent-up demand post unlock, while the supply situation is improving with the monsoon catching up to its normal levels and sowing activity gaining pace. "Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while contraction in services has moderated.
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