The Lok Pal Bill has been referred to the standing committee of Parliament on personnel, public grievances, law and hustice. In this FAQ, MR Madhavan explains the process of these committees.
The government is exploring legal options, including bringing an Ordinance, to tackle the problem of income-tax litigation on reassessment notices under old, time-barred norms, according to official sources. This has come in the wake of writ petitions filed by companies and individuals in recent weeks to challenge the validity of the notices issued by the tax department between April 1 and June 30 and under the old norms.
Black money Bill: Govt may widen disclosure window to 3-6 months.
The Bharatiya Janata Party on Thursday moved several amendments to the Finance Bill in the Lok Sabha, including raising the Income Tax exemption limit for senior citizens to Rs 2.5 lakhs and hiking Provident Fund interest rates to 9.5 per cent.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
With the passage of Finance Bill on Friday, the government on Friday ruled out rollback of service tax imposed on goods booking agents, but expressed its willingness to sort out any procedural difficulty faced by either truck owners or operators.
Cable tariffs across the country are set to go up with the TRAI clarifying that operators can hike charges in view of the increase in service tax and the imposition of education cess in Budget.
The markets are yet to recover from yesterday's Budget. At 1001 hrs the BSE Sensex down 55 points at 4789. NSE Nifty is down 16 points at 1502.
Asserting that his government will implement the five poll 'guarantees' promised ahead of the assembly polls, Karnataka Chief Minister Siddaramaiah on Wednesday said officials have shared their inputs on financial implications, and the cabinet will meet on June 2 to decide on the implementation.
Alleging that people's confidence has been shaken due to the economic mismanagement by the UPA government, a Trinamool Congress MP on Wednesday said it was worrisome that the rupee slid further after passage of the food security bill.
In the continuing tug of war between Narendra Modi government and the governor, the state assembly on Tuesday passed the Gujarat Lokayukta Ayog Bill 2013 for a second time without incorporating any major changes sought by Raj Bhavan, setting the stage for a fresh confrontation.
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