The Lok Sabha on Wednesday passed three bills to replace the colonial-era criminal laws by voice vote.
The draft Companies Bill 2008 has identified the three key managerial positions as chief executive officer, chief finance officer and company secretary. By recognising these three key managerial positions, the Bill is fixing responsibility to bring out a system which is more accountable, transparent and workable, according to an official at the Ministry of Corporate Affairs.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
The parliamentary standing committee on energy has asked the government to take result-oriented steps to revatilise the Dabhol power project.
This means taxpayers might continue to enjoy exemption on maturity of their investments
India must be prepared to deal with climate disasters, geopolitical confrontations, and social strife linked to global events, asserts Jayant Sinha, chairman of Parliament's Standing Committee on Finance.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
Currently, there is no regulation or any ban on the use of cryptocurrencies in the country.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
NDA ally, the TDP continued to disrupt the both Houses of the Parliament over demand for special status to Andhra Pradesh.
Standing committee on finance to also focus on RBI autonomy and citizen's rights.
'What matters is meeting the needs and expectations of the people who have voted to provide governance for the country.'
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
Jaitley's concerns are unlikely to cut much ice with the Congress.
The proposed bill seeks to raise FDI cap in the sector to 49% from the present 26.5%
Years of wait before DTC, GST are rolled out
This is the Upper House's third best productive session in the last 14 sessions since the Monsoon Session (243rd Session) of 2017, the Rajya Sabha officials said.
However, BJP has not given any assurance of support and conveyed to the Finance Minister that the matter will be discussed within the party and take a call, sources said.
Congress engaging in a 'false show of jubilation', said Amit Shah.
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Protests by various parties could be seen as they demanded the Prime Minister Narendra Modi rolled back the demonetisation scheme.
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
'In his 2014 election campaign, Mr Modi had boasted that he would apply the Gujarat model to the rest of India. We just have to ensure he doesn't start with Parliament,' says Shashi Tharoor in this fascinating excerpt from his new book, The Paradoxical Prime Minister: Narendra Modi And His India.
The early tabling of the financial Budget ends a 70-year tradition.
The FM could scrap the secrecy around tax rates.
Jaitley said the Congress may be upset with the government for 'political reasons'
The DMK parliamentary party appears to be a house divided, reports R Rajagopalan.
'He will go to any extent, and he will have the full support of the Union government as they may not like a Left government to continue here.'
The Budget has proposed a Benami Transactions (Prohibition) Bill.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.
The Budget session of the 16th Lok Sabha will begin in the second week of July, revealed Parliamentary Affairs Minister Venkaiah Naidu on Thursday.
The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
Moitra brought two birthday caps in the House to press her argument that the businessman being most talked about had "topi-pehnau-ed" the government.
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