Investment proposals under Modified Special Incentive Package Scheme take a hit as firms exit
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
Rai claimed that the probe agency is 'totally clueless' to substantiate the graft charges in the scheme, even as opposition Bharatiya Janata Party and Congress termed his resignation a fallout of the ACB probe.
The NPR data will be used for schemes such as Ayushman Bharat, Pradhan Mantri Awas Yojana, Ujjvala and Saubhagya for identifying the intended beneficiaries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
The new scheme came into effect on Thursday. However, even after a scrutiny assessment, appeals will continue to be done through personal representation.
The Supreme Court on Wednesday said that One Rank-One Pension (OROP) in Armed forces is a policy decision and suffers from no constitutional infirmity.
A bench headed by Chief Justice N V Ramana also appointed the Inspector General of the National Investigation Agency, Director General of Police of Chandigarh, the Registrar General of the Punjab and Haryana high court and the Additional DGP (Security) of Punjab as members to the Justice Malhotra panel.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
In a video issued by the Health Ministry, Dr Randeep Guleria, Director of the All India Institute of Medical Sciences (AIIMS) answered commonly asked questions regarding the dosage of the vaccine saying that two doses of the vaccine will have to be taken 28 days apart and protective levels of antibodies generally would develop two weeks after the second dose.
'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Given the fiercely competitive political environment, observers naturally associated an element of appeasement with the Shinde government's move, Shyam G Menon points out.
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
He is accused of multi-year visa fraud, involving forged and fraudulent documents to get visas such as H1B for over 200 foreign workers.
The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. The 19 legislations include Negotiable Instruments Act (cheque bounce), SARFAESI Act (repayment of bank loans), LIC Act, PFRDA Act, RBI Act, NHB Act, Banking Regulation Act and Chit Funds Act.
The defendants would make up a false identity to get cards and then use them.
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The implementation of the much-hyped Aadhaar Card scheme is in trouble following the Supreme Court's interim order on Monday, which observed that the card can be issued only to Indian nationals and the identification number cannot be made mandatory for availing of benefits of the government's subsidy schemes.
Observing that Laxman rekha of separation of power is 'sacrosanct,' Chief Justice of India N V Ramana Friday said at times courts are compelled to intervene in the interest of justice and the intention is to nudge the executive, and not to usurp its role and they should not be projected as judiciary targeting another institution.
Prepare your replies with expert help, if necessary. Keep relevant documents ready to support your replies.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
As India gears up to vaccinate people above 60 years of age and those over 45 years with comorbidities against COVID-19 from March 1, the Union health ministry on Friday said the facility of on-site registrations will be available so that eligible beneficiaries can walk into identified vaccination centres, get themselves registered and get inoculated.
The top court said the government wants to tap citizens' WhatsApp messages and sought its response within two weeks.
Who took the decision for the prime minister, the nation's single most popular leader, to take the road route when they should have already known about the farmers' protests and also the grave risks involved, when and how, asks N Sathiya Moorthy.
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
The ministry will engage 30 young graduates, postgraduates and PhD-holders in the fields of urban planning, urban design, engineering, information and technology, urban mobility, finance, social sector, and environmental issues.
Reddy claimed that there was a "political conspiracy" and added that he had faith in the police.
The next phase of the COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities will begin from March 1 and registration on the Co-WIN2.0 portal will open at 9 am on Monday.
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
A 2019 investigation of Bombay Dyeing by market regulator Sebi has put a brake on the initial public offering process of sister company Go Air. The Wadia group-owned low cost airline had earlier planned to launch the IPO to raise Rs 3,600 crore by August, but may be forced to postpone it by a month or two as Sebi completes its investigation.
The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.
Here is all you need to know about the National Population Register and worries over its links with NRC.
During a three-hour long virtual meeting with CEOs of large public and private sector banks along with heads of NBFCs, the prime minister assured them that the government is ready to take all steps to support the financial sector.
'Rahul Gandhi wants a group under the name 'new generation'. But look at the people who surround him.'
The simplicity of the model that was the original, which allowed it to glide with grace, has been foregone, observes Rohit Sathish Nair.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
For the investors, the fact sheet is an important document which informs them where their funds are being invested and how their funds are being managed.
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