The much-awaited introduction of value added tax regime from April one this year will be delayed by a few days because of some "unavoidable procedural tangles".
In a major step towards introduction of Value-added Tax from April 2005, states on Wednesday endorsed a 'white paper' on the new tax regime, which would be formally issued on January 17.
'The finance minister missed yet another opportunity to simplify the income tax structure in the Budget.' 'This was an opportune moment to get rid of the old tax system entirely and move fully to the new system,' asserts M Govinda Rao, member of the 14th Finance Commission.
The Tamil Nadu government has told the Supreme Court that "repeated assertion" by Kerala to seek decommissioning of the 126-year-old Mullaperiyar dam is "wholly impermissible" as the dam has been found to be hydrologically, structurally and seismically safe.
The committee headed by former Chief Justice of India A S Anand is expected to submit its report on the controversial issue by February, 2012.
'The media is portraying the Malayalam film industry as the worst place, but that's not true.'
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Vice President Kamala Harris' White House bid gets a boost from legendary Indian music composer A R Rahman, who has come out in support of her 'vision for an equitable world', and recording some of his popular songs like 'Jai Ho' to inspire Indian American voters.
The members who were present at the 93rd BCCI Annual General Meeting (AGM) in Bengaluru on Sunday requested incumbent secretary Jay Shah to speed up the process of finding his successor to keep the transition of power as smooth as possible.
The apex court also referred to a central empowered committee report that 31 hills or hillocks have vanished in the state's Aravalli area.
He will succeed Kerala Finance Minister K M Mani.
In the second major decision to end the UPA government's legacy, Prime Minister Narendra Modi on Tuesday scrapped four cabinet committees, including one on Unique Identification Authority, as part of his efforts to minimise decision-making processes.
In a communication to the empowered committee on PLI recently, the Indian Cellular & Electronics Association (ICEA) has stated that except one player (Samsung), all the other eight players (which include vendors of Apple Inc) selected under the scheme were facing numerous challenges in fulfilling the qualification criteria.
The Lok Sabha has already passed the Bill.
It will help to lower their costs by 7-8 per cent.
The Supreme Court-appointed Central Empowered Committee has recommended cancellation of mining lease to Karnataka's powerful Reddy brothers' firms in Andhra Pradesh, saying their Obulapuram Mining Company had openly flouted various environmental laws in mining operations.
The Supreme Court-appointed Empowered Committee on the Mullaperiyar Dam, over which Tamil Nadu and Kerala are at loggerheads, has concluded that the 119-year-old structure is "safe" and asked the Kerala Government to reconsider its proposal to build a new dam.
'Has the BJP not announced its candidates in Raebareli?'
Making a fresh demand for a result-oriented dialogue, the moderate faction of Hurriyat Conference and Jammu and Kashmir Liberation Front on Monday demanded setting up of Kashmir committees in India and Pakistan to find an everlasting solution to the Kashmir issue.
The Empowered Committee on the controversial Mullaperiyar Dam issue on Wednesday submitted its report to the Supreme Court in a sealed cover which would be examined by a Constitution Bench.
Supreme Court-appointed Empowered Committee on the controversial Mullaperiyar Dam, over which Tamil Nadu and Kerala are at loggerheads, today finalised its much-awaited report on various aspects of the structure and will submit it to the court on Wednesday.
The Centre will set up a high-level committee of secretaries for processing the Sixth Pay Commission's report for its employees. The Empowered Committee of Secretaries will be headed by Cabinet Secretary K M Chandrasekhar, Science and Technology Minister Kapil Sibal said after the Cabinet meeting.
The Oil Ministry has been trying since July to get an Empowered Committee of Secretaries to vet the separate price proposals of RIL and Essar but the panel has so far not decided to take up the issue.
Modi, who also handles the finance portfolio in the Bihar government, replaces Asim Dasgupta, who had served in the post for over a decade since the formation of the body.
Sticking to its stand, the Bharatiya Janata Party government in Karnataka on Saturday asserted that it would not entrust the probe into the illegal mining issue to the Central Bureau of Investigation, but said a report would be submitted to the Supreme Court on the issues raised by a committee appointed by the apex court.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
The empowered committee delegation, including state finance ministers participated in two round table conferences sponsored by the Indo-Canada Chamber of Commerce and the Canada-India Business Council. Tax experts from Couzon Taylor, Brian Wurts, HST Consulting etc, made presentations at the Canadian Imperial Bank of Commerce event.
The empowered committee of state finance ministers has virtually trashed the Thirteenth Finance Commission taskforce's Goods and Services Tax report.
After being ticked off by the Supreme Court-appointed Centrally Empowered Committee over "erroneous and incomplete data" on mining, Goa Chief Minister Manohar Parrikar has sought to deflect the blame on erstwhile Congress regime for the "mess-up".
Union Minister for Rural Development Jairam Ramesh sanctioned Rs 1133 crore to Tamil Nadu for upgrading 3,000 kilometers of roadways under Prime Minister Gramin Sadak Yojana.
Anil Kumble was re-appointed as Chairman of the ICC Cricket Committee for a three-year term.
The Supreme Court on Thursday cancelled 49 mining leases due to illegalities in Bellary, Tumkur and Chitradurga districts of Karnataka, but allowed resumption of activity in mines with lesser illegalities, as recommended by a Central Empowered Committee. CEC had categorised the mines in the area in three categories -- A, B and C. The mines with least or no irregularities were categorised as 'A' and those with maximum illegalities were placed in category 'C'.
Bihar's Deputy Chief Minister Sushil Kumar Modi tells Ajit Jain about tax lessons he learned in Canada
Sources said Rahul Gandhi is likely to contest from Rae Bareli, but a final call is yet to be taken by the first family of the Congress.
The bench asked senior advocate Vikas Singh, appearing for Congress leader Jaya Thakur, who sought a stay on the new law, to serve a copy of the petition to the Centre's counsel.
Prime Minister Narendra Modi on Saturday said the Centre would soon form a committee which would adopt all possible ways for empowering Madigas (a SC community) with regard to their demand of categorisation of Scheduled Castes.
