Rural populations will get will get employment in the industrial corridors following amendments to the land acquisition bill.
While the motives of the Bill are of course laudable, there is every likelihood that the consequences of its passage will be dire.
The cost of food has constantly been on the rise.
The new law would boost home buyer confidence as well as investment in the realty sector.
The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic. In February 2020 Budget, presented in the pre-COVID scare, the government had estimated the subsidy bill at Rs 227,794 crore. However, all the budget estimates, have undergone major revisions as the country imposed strict lockdown to check the spread of COVID-19.
More services such as ATM operations are proposed to be brought within the service tax net.
Rewarding those who had supported them and refused to pay their power bills during AAP's agitation, the Delhi government on Wednesday decided to give them a 50 per cent relief on their pending bills and also waived the penalty.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
A bill to amend the Money Laundering Act, 2002 by allowing the appointment of the chairperson and a member of an Appellate Tribunal, was introduced by Finance Minister P Chidambaram in the Lok Sabha on Friday.
Drabu said the GST regime will roll out in the state at midnight on Friday, making Jammu and Kashmir the last state to join the new tax regime.
The party -- happy that the government has accepted its demand for a parliamentary probe into the 2G scam -- might not obstruct most of the important Bills the government would present in this session, said senior BJP leaders.
The negotiations on a draft Lokpal Bill on Monday gained momentum with government and civil society members agreeing on a number of basic principles of the proposed law and deciding to meet more often.
Fuel cess, TDS on large cash payouts bid to destroy truckers and get foreign players in, says an industry body.
While the country imposed limits, it also eased and simplified other restriction to attract foreign inflows. This is done to plug record current account deficit.
Accusing the Left Front government in West Bengal of ignoring Darjeeling Hills, senior Bharatiya Janata Party leader Jaswant Singh on Friday demanded the creation of a separate Gorkhaland. Singh also demanded more funds under the Cyclone Aila package. Initiating a debate on the Finance Bill in the Lok Sabha, the Darjeeling Member of Parliament wondered, "What wrong have the Gorkhas done not to deserve a separate state."
Congress reached out to Samajwadi Party Supremo Mulayam Singh Yadav for his support for passage of the Food Security Bill which is expected to be introduced in the Lok Sabha on Tuesday coinciding with the birth anniversary of Rajiv Gandhi.
The SIT on black money has widened its probe.
The government is making behind-the-scenes offers to other parties in a bid to break them but as long as the Congress is firm on the decision, there is little that the government can achieve on the Insurance Bill.
The Delhi cabinet on Friday decided to call a special session of the assembly to take up the Jan Lokpal Bill that seeks to punish corrupt officials on February 16 at the Indira Gandhi Indoor Stadium instead of the historic Ramlila ground as announced by ruling Aam Aadmi Party earlier.
The bill, known as the Justice Against Sponsors of Terrorism Act, would prevent Saudi Arabia and other countries with alleged ties to terrorist groups from invoking their legal immunity in US courts.
Finance Minister Pranab Mukherjee's meeting with BJP top brass L K Advani, Leader of Opposition in Lok Sabha Sushma Swaraj, her counterpart in Rajya Sabha Arun Jaitley on Tuesday ended on a positive note with both sides reaching a consensus on most issues in the draft bill.The Parliamentary Standing Committee finalised its report on Nuclear Liability Bill. The Compensation cap raised from Rs 500 crore to Rs 1,500 crore.
A Bill proposing to prosecute those stashing illicit wealth abroad with 10 year rigorous imprisonment is on cards.
A united Opposition on Tuesday tore into an ordinance promulgated to amend land acquisition rules, calling it an "anti-farmer" move brought by "bypassing" Parliament to benefit corporate houses, a charge vehemently denied by the government.
A new comprehensive Income Tax bill will be drawn up by the next fiscal end to clean up complex and archaic laws, Finance Minister P Chidambaram said on Friday.
Ruling out the implementation of value-added tax from June 1, Finance Minister Jaswant Singh on Wednesday announced several excise duty concessions on edible oil and textiles.
Three members will be representatives from the government, and three from the RBI.
The Aadhaar Bill passed during Budget session last month, overruling amendments moved in Rajya Sabha.
'Why wasn't my no-confidence motion tabled in the House?' asks YSRCP MP Y V Subba Reddy.
Four per cent countervailing customs duty on components for mobile phone manufacturing exempted.
Days before the passage of the Finance Bill in the Parliament, Left party leaders on Friday met Prime Minister Manmohan Singh and demanded urgent steps by the United Progressive Alliance government to check growing prices of essential commodities. Top leaders of four Left parties, supporting the government placed six demands before him, saying these measures should be taken immediately to curb burgeoning prices.
'I wonder how people who come to power through democratic means turn out this way.' 'But people of India are strong, and those who think they can hoodwink people, are mistaken.' 'You can fool some people for some time, but not all people, all the time.'
PSUs are asking for tax holiday for oil exploration and production activities to continue. The latest Budget imposes a Sunset clause for 100 per cent tax exemption for refining of mineral oil.
According to a top Congress minister, the government needs to be on its toes next week when the combined opposition moves cut motions and the finance bill also comes up for passing in the Lok Sabha. The reason is the altered attitude of the Left parties, particularly the Communist Party of India-Marxist towards the Bharatiya Janata Party with the Left now seeing the Congress as its enemy number one.
