At present, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, covers only resident Indians. The Finance Bill has expanded the definition of assessees to include NRIs.
A Parliamentary panel has recommended amendments in Constitution to empower the National Commission for Backward Classes, observing that OBCs are still languishing behind other sections of society.
The salient features of the new OTT/social media policy announced by the Information Technology Minister Ravi Shankar Prasad and Information and Broadcasting Minister Prakash Javadekar on February 25, 2021.
The government on Friday gave wide-ranging legislative powers to the Reserve Bank of India to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
The government's annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India. These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. The pre-budget document defended the farm laws in the backdrop of long-running farmers' agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).
With a high-powered ministerial panel on fuel pricing being scrapped, a cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated on Wednesday but refused to say when the issue would be taken up.
Under the GST regime, most manufactured goods will turn cheaper.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
India's first and only individual Olympic gold-medallist Abhinav Bindra was named Chairman of a five-member review committee to probe the shooters' Rio Games debacle but has rescued himself from questioning them as he was himself a part of the team.
A united Opposition in the Lok Sabha on Thursday pitched for referring the triple talaq bill to a 'joint select committee' of Parliament, claiming its provisions were unconstitutional.
A committee has been set up to look into complaints of sexual harassment at the workplace in Allahabad high court, its bench in Lucknow and district courts across the state.
The panel will submit its recommendations to a ministerial committee, headed by Union Home Minister Rajnath Singh.
Before leaving for Mumbai on Tuesday, Parrikar held a series of meetings, including one with senior state ministers.
The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
Apart from Kapil Dev, the panel comprises former women's captain Shantha Rangaswamy and former men's coach Anshuman Gaekwad.
Countering the opposition claim that farmers across the country are agitated over the three new laws, he said that those in just one state are being misinformed and instigated.
'We requested controlled release of water without waiting for the water level in the reservoir to reach its full level.'
Shrug off the yoke of the imperialism of Delhi. That is why the DMK manifesto offers what it offers: The promise that Tamil Nadu will, one day, become an independent republic, notes Aditi Phadnis.
The Bill states a worker will be paid twice his or her wage if he or she is allowed to work overtime. A majority of workers in India worked more than 48 hours in a week, which is higher than the International Labour Organisation's prescribed time-limit.
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
'Olympics is once in four years, and athletes have only one shot at glory, and it's important to have a holistic approach, use science, use medicine, use technology and engineering in training and that will make a difference'
In his petition, Kharge, who is the leader of the Congress in Lok Sabha, said only the three-member committee of leader of opposition, prime minister and the Chief Justice of India can take a decision on the appointment or removal of the CBI director as per the act.
Prime Minister Narendra Modi's leash on foreign junkets of his ministers and bureaucrats seems to have trickled down to states as well.
The GST bill's draft says tax would be levied on Maximum Retail Price
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Its 'failure not just affects the military's effectiveness but could also be politically vulnerable for the BJP,' observes Ajai Shukla.
Taking the first step towards appointment of Lokpal, the government has decided to modify rules to give more powers to the search committee mandated to recommend names for appointment of chairperson and members of the anti-corruption body.
The petitions alleged that these laws would dismantle the Agricultural Produce Market Committee system intended to ensure fair prices for farm products
The ministry had sent a draft proposal for the consideration of the Empowered Group of Ministers to price all domestically produced natural gas -- be of state-run ONGC or private sector Reliance Industries - as per the formula suggested by the Rangarajan Committee.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
ICC chief executives' committee has approved all recommendations made by the ICC cricket committee in May, which include the use of Decision Review System (DRS) in all T20I games.
The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.
CCI, sector regulators may consult each other if jurisdictions overlap
'Defence does not new 'planning commissions'; it needs an implementation commission.'
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