Jaitley calls it unfair and false attack on a disciplined civil servant
The Centre will release Rs 95,082 crore as tax devolution to the states this month after including one advance instalment to help them push their capital expenditure, Finance Minister Nirmala Sitharaman said on Monday. After a meeting with all chief ministers and state finance ministers, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded.
Announcing the Cabinet Committee on Economic Affairs decision, Finance Minister P Chidambaram said a Special Purpose Vehicle would be set up for the project.
The government on Thursday cleared the long-delayed Sethusumudram Ship Canal Project off Rameshwaram in Tamil Nadu that would vastly reduce distance between east and west coasts of India.
DMK organising secretary T K S Elangovan says the party is opposed only to the sale of profit-making PSUs.
FM said a Constitution Amendment Bill for introduction of GST will be passed soon.
The meeting assumes significance in the context of an uneasy relationship between the BJP and the Dravida Munnetra Kazhagam.
What does Udhayanidhi's induction as minister mean? For the DMK, it indicates the future course, direction and leadership. It is continuity with change, and change with continuity, points out N Sathiya Moorthy.
The All India Anna Dravida Munnetra Kazhagam general council meeting on Monday revived the general secretary post, and picked Edappadi K Palaniswami as the interim GS.
Union Finance Minister P Chidambaram on his arrival at Chennai from Delhi on Wednesday refused to take the official vehicle and instead preferred his private car to proceed to the city from the airport.
This is part of a proposal to provide drinking water to several cities that face a shortage.
Dravida Munnetra Kazhagam leader S S Palanimanickam on Wednesday assumed office as Minister of State for Finance.
The finance minister said the insinuation that Sri Karpagambal Mills Ltd, said to be owned by his brother, was among the mills in the I-T case was false.
Rejecting criticism of tardy relief operations in flood-ravaged Uttarakhand, Union Finance Minister P Chidambaram has said government was making all efforts and complimented armed forces personnel for their untiring efforts in rescuing the stranded people.
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Continued lack of consensus at next meeting could cast shadow on GST rollout by April 1.
The Central Board of Trustees of the EPFO will meet on Friday to decide on the setting up of separate agencies for recovery of arrears and audit, and the rollover of interest of the IFCI.
There had been no significant impact of the United States-led war against Iraq on India's foreign exchange earnings or on its exports and imports, Finance Minister Jaswant Singh said in the Lok Sabha on Friday.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
The automaker will invest USD 195 million (about Rs 1,300 crore) and would employ 3,000 workers over the next five years, Ford Executive Chairman Bill Ford said in the Tamil Nadu capital today.
The bill will be discussed in the state Assembly on June 18.
Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise. The all-powerful GST Council, chaired by the Union minister, had last month decided to impose GST on some mass consumption items to simplify the rate structure, which came into effect on Monday.
'Sasikala definitely has an emotional advantage over the others, but there are very seasoned politicians with a strong support base.' 'For the time being, they may toe her line.'
Some of the key faces for various posts will be former India skipper and Hyderabad Cricket Association president Mohammad Azharuddin, former India captain and Cricket Association of Bengal president Sourav Ganguly, former Test player and Karnataka nominee Brijesh Patel.
States are now gearing up to implement the scheme, integrating it with their own public health insurance plans and tying up the loose ends.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
Finance Secretary S Narayan has been appointed as secretary in the Prime Minister's Office, official sources said in New Delhi on Wednesday.\n\n\n\n
'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.
The AIADMK's staying power is not in question, but it has to regain the winning streak. That will require its leaders and leadership to re-wire themselves, to be able to re-think situations in ways different from what they had been accustomed to, suggests Sathiya Moorthy.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.
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