The Bihar assembly election and the agreement on Nuclear liability bill between Congress and Bharatiya Janata Party had a magical political impact on an Iftar event organised by Member of Parliament and BJP leader Syed Shahnawaz Hussein in New Delhi on Wednesday evening.
Former Indian Ambassador to the United States Ronen Sen has asserted that any denial of a level playing field to United States industry and business -- that lobbied feverishly for the US-India civilian nuclear deal -- in the wake of the Nuclear Liability Bill passed by the Indian parliament would be 'worse than a breach of faith'.
Ron Somers, president, US-India Business Council, which lobbied to get the US-India nuclear technology deal approved, like the rest of the American business fraternity, is upset by India's recent purchase of nuclear reactors and sophisticated technology and weaponry from Russia.
The nuclear liability bill is fatally flawed. It's designed to shield the nuclear industry from discharging its public responsibility. It must be scrapped, writes Praful Bidwai
The US-India relationship will continue to be misread until India recognises that relations with a democratic superpower-- tossed about by the expectations of two separate electorates--will be inevitably more complex than the stolid handshake of the Soviet Union, or the posturing and sloganeering of the Non-Aligned Movement.
Unrest in Kashmir and Commonwealth Games preparations are expected to find a mention when Congress President Sonia Gandhi addresses a meeting of Congress Parliamentary Party in New Delhi on Thursday.
In an exclusive interview to Rediff.com, US Assistant Secretary of State Robert O Blake speaks about President Obama's trip to India, the recent US-India Strategic Dialogue and the fate of the nuclear liability bill.
Notwithstanding the opposition posed to the nuclear liability bill, the United States on Monday said it is "optimistic and positive" about conclusion of the historic nuclear deal with India in the coming months.
With passage of the nuclear liability Bill, the heavy engineering supply chain, led by Bharat Heavy Electricals Ltd (BHEL), Larsen & Toubro (L&T) and Bharat Forge Ltd (BFL), is gearing to take up the challenge ahead.
When Prime Minister Manmohan Singh vehemently defended the Civil Nuclear Liability Bill 2010, it was only the eighth time he had addressed Parliament since his government took charge in May 2009.
Particularly in the wake of allegations levelled in Parliament against the Congress and the government by its one-time friends and allies, Rashtriya Janata Dal chief Lalu Prasad Yadav and Samajwadi Party chief Mulayam Singh Yadav, that the CBI has agreed to give a clean chit to Gujarat Chief Minister Narendra Modi in return for the BJP support.
Measures for providing protection to whistleblowers from civil or criminal liability were among the seven private members' bills introduced in the Rajya Sabha on Friday.
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
The Union Cabinet on Tuesday gave its nod to a bill to merge the three municipal corporations in Delhi, sources in the government said.
The government on Thursday brought a bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies.
Lok Sabha passed the Finance Bill, after approving more than two dozen official amendments, by voice vote, thus completing the Budgetary exercise for 2019-20 in the Lower House.
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
If a citizen chooses not to use Aadhaar as the default unique identity, then other unique identity proofs masked and linked to Aadhaar would be used.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
The new law proposes to bring e-retail users and players into its fold.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
Looking to better serve the interests of all stakeholders, the government on Thursday approved amendments to Companies Bill 2011, including changes related to spending on CSR activities.
Once passed by Parliament, the bill will replace an ordinance promulgated on December 30 last which provides for a fine of 10,000 or five times the cash held, whichever is higher, on holding of more than 10 banned 1,000 and 500 rupee notes.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
Although the credit for acquiring the technological skill must be given to India's outstanding nuclear scientists, the decision to go nuclear was a political one that entailed clarity of vision, courage and resolve, points out Rup Narayan Das.
The high court also directed that engineers involved in shoddy constructions using public money be brought to book.
Ignoring all previous protests and opposition to the deal, the saffron party has changed its stance, without providing any explanation. What has changed? Accountability and explanations on this U-turn will be welcomed.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.
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.
The bill makes it mandatory for candidates contesting parliamentary or assembly polls to disclose their criminal antecedents and declare their assets and liabilities after being elected.
A candidate would be liable for penal consequences for filing a false affidavit or concealing the required information in nomination paper.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
'Exit the car and call for your vehicle to be towed.'
e of them requires MPs to follow the norms including the Code of Ethics, which mandates them not to take gifts that may interfere with honest and impartial discharge of their official duties.
The proposal in the Finance Bill to amend provisions of Section 179 of the Income Tax (I-T) Act relating to tax liability of directors of private limited companies from April 1, 2022, could increase risks for directors of medium and small-sized firms in case of non-payment, said experts. While the language of the provision is quite broad, the title of the section limits itself to 'liability of directors of private companies in liquidation'. The Bill proposes to align the title with the scope of the provision, thereby ensuring that orders under this section can be issued even if the relevant company is not under liquidation.
