Sushil Kumar Modi tells Business Standard the spirit of collective federalism needs to be heeded by all sides if the key reform is to become a reality.
The mining scam had first rocked Karnataka and now Goa. While the mess in Karnataka is well known, the scenario in Goa is no different. The Central Empowered Committee in its interim report on illegal mining in Goa has found various illegalities in its detailed report, a copy of which is with Rediff.com.
The CEC gave its latest report to the Supreme Court on Thursday.
The Karnataka government would abide by the Supreme Court decision on the recommendation of Central Empowered Committee to extend Central Bureau of Investigation probe into illegal mining in the state, Chief Minister D V Sadananda Gowda said on Friday.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
The Supreme Court on Friday suspended mining activities in Tumkur and Chitradurga districts of Karnataka, saying it would not change its order until a proper rehabilitation programme is formed. A three-judge forest bench headed by Chief Justice S H Kapadia gave the order on a recommendation by its expert panel for halting extraction of iron ores in Tumkur and Chitradurga districts of Karnataka.
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers.
Delhi and Maharashtra may lower value added tax on bullion to 0.25 per cent as consensus on introducing uniform floor rate for precious metals seemed difficult to emerge at the empowered committee's meeting on Wednesday
Officials said Mukherjee had proposed the name of Modi for the post, as an experienced person like him could have helped convince BJP-ruled states to move ahead on the Goods & Services Tax (GST).
Despite Tamil Nadu's objections, a Supreme Court-appointed Empowered Committee on Mullaperiyar Dam issue on Monday asked the state and Kerala to file their response by Friday on the ownership mechanism of a new dam, if built in place of the existing structure.
Seeking to allay fears of the trading community, the Empowered Committee on Value Added Tax on Thursday said there would no 'inspection raj' when the new state-level tax regime comes into effect from April 2005.
The Supreme Court-appointed Central Empowered Committee on Friday said that large-scale illegal mining was going on in Karnataka, particularly in Bellary district, in connivance with officials and public representatives.A special forest bench headed by Chief Justice S H Kapadia issued a notice to the state government and sought its response on various findings in the CEC's interim report, including the export of 304.91 lakh metric tonnes of iron ore without valid permit.
In its election manifesto -- 'Sankalp Patra' -- the Bharatiya Janata Party has vowed to implement the Union Civil Code (UCC), maintain peace in the Northeast, among other key poll promises.
Will have to pay 12% tax besides 3% education cess.
The empowered committee of state finance ministers has approved the position paper of the Centre on the information technology network for the proposed indirect tax regime.
As the Centre tried to build consensus on its proposal on constitution amendment bill, required for the rollout of GST, and even floated revised draft to please states, some states came out with alternative model that would not require the amendment of constitution.
State FMs okay list of tax-exempt services with certain riders.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
Bench, however, did not pass any order against 68 other mines
Karnataka Governor H R Bhardwaj on Thursday again turned the heat on the Bharatiya Janata Party government in the state, accusing it of inaction on the Supreme Court-appointed Central Empowered Committee's report on illegal mining.
Addressing the Lok Sabha on Wednesday, Finance Minister Pranab Mukherjee called for the inclusion of petroleum products in proposed goods and services tax so that sharp domestic price movements can be checked.
The empowered committee of state finance ministers for implementation of value added tax would meet in first half of January 2004, to decide on the implementation of the new tax system.
Civil servants, armed forces and paramilitary personnel will get to rejoice this Independence Day with the government all set to approve the Sixth Pay Commission report in its Cabinet meeting on Thursday.
Tamil Nadu on Monday suffered a setback with a Constitution Bench of the Supreme Court refusing to concede the state's plea for scrapping the high- high-level empowered committee set up to examine the legal and safety aspects of the Mullaperiyar dam in Kerala.
They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.
Finance Minister Pranab Mukherjee said 'yes' in a written reply to the Rajya Sabha when asked whether the chairman of the Empowered Committee of the State Finance Minister has expressed the opinion that it was not feasibile to implement GST from April 1, 2010.
Hours after Desai said that the draft is ready to be submitted to the state government, Chief Minister Pushkar Singh Dhami said the Uniform Civil Code will soon be implemented in Uttarakhand.
The empowered committee on value-added tax will meet the finance minister in mid-July to discuss the 'roadmap' for the introduction of the new tax regime, after which it will be taken up with political parties for a national consensus.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
A discussion paper by the empowered committee of state finance minister released today said taxes levied by the central government like excise, additional excise duty and various surcharges and cesses would be part of the GST.
The finance minister said the consensus between the Centre and states is required to amendment the constitution for implementing goods and services tax.
A Supreme Court-constituted panel has asked the Union environment ministry to amend or withdraw the guidelines related to setting up zoos and safaris within tiger reserves and wildlife sanctuaries to discourage the use of wildlife habitats for tourism activities which are non-site specific.
FM said a Constitution Amendment Bill for introduction of GST will be passed soon.
Their eyes trained on the big-ticket T20 World Cup in the Americas in June, the national selectors aren't finding it easy to pick just one among Rohit Sharma and Virat Kohli for the upcoming Afghanistan series.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
At present, the EPF subscribers are exempted from paying income tax on deposits.
