The government intends to continue with the top GST slab of 28 per cent for luxury and sin goods, but is open to discuss narrowing down the three slabs of 5, 12 and 18 per cent into two, Revenue Secretary Tarun Bajaj said on Monday. Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent. On the industry demand for bringing petroleum products under GST net, he said since fuel constitutes a larger part of their revenues, both the Centre and states have some apprehension.
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
'Public driving ranges will help children to practice their skills and then they come at golf courses to follow their dream and passion.'
Sounding the Congress' poll bugle in the state, Gandhi attacked the Modi government repeatedly alleging that it was working with an approach of 'Hum do, Hamare do' -- a term he recently used while speaking in Lok Sabha to claim that the country is being run by only four people.
Amanjot Kaur Ramoowalia, a former member of Akali Dal's women wing and daughter of former Union minister Balwant Singh Ramoowalia, Gurpreet Singh Shahpur, Chand Singh Chatha and Baljinder Singh Dakoha, all associated with the former BJP ally, joined the saffron party in presence of a number its leaders, including cabinet minister Gajendra Singh Shekhawat.
With the fresh fatalities, the total number of people losing their lives in this year's flood and landslides across the state has gone up to 42.
Former Congress MLA from Barnala, Kewal Dhillon, and former Shiormani Akali Dal MLAs Sarup Chand Singla and Mohinder Kaur Josh also joined the BJP.
The court orally observed that the 'right to be forgotten' depends on how far it has to be stretched.
Radha Mohan Singh appointed in-charge of politically crucial UP. Kailash Vijayvargiya will continue to be the in-charge of West Bengal and he will be assisted by BJP national secretary Arvind Menon and party national IT cell head Amit Malviya.
Singh said he will take strong action to ensure that the FIR, which names Rajput's sister Priyanka Singh, Dr Tarun Kumar of RML Hospital, Delhi and others under various sections of the IPC, and Narcotic Drugs and Psychotropic Substances Act, does not deflect the trials in another direction.
'We revolutionised the system in a manner so that the chances of leakage will be much lower than it was in the beginning.'
'We have already given Rs 1.59 trillion to states.' 'So, there is no question of giving them more.'
The electric scooter juggernaut which has been picking up momentum with heady growth month-on-month is now slowing down. The combined number of registrations in April of eight electric two wheeler companies has seen a dip of over 1 per cent to 43,061 vehicles, according to data from the Ministry of Road Transport & Highways' site VAHAN. The reasons are the continuing shortage of chips, especially after the Ukraine-Russia war, and the spate of fires which have led to scooters being recalled by manufacturers.
Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.
CBI officer V K Shukla, who is probing the death of Jharkhand Judge Uttam Anand, is among 15 officers of the agency awarded the 'Union Home Minister's Medal for Excellence in Investigation' for the year 2021, officials said Thursday.
The apex court in November 2009, had issued contempt notice to Bhushan and Tejpal for allegedly casting aspersions on some sitting and former top court judges in an interview to a news magazine.
The government on Monday projected a 16.67 per cent growth in gross tax revenue in the next fiscal beginning April 1, at over Rs 22.17 lakh crore. The revised estimates of gross tax revenue for the current fiscal has been pegged at Rs 19 lakh crore, lower than the Rs 24.23 lakh crore budgeted earlier. Economic Affairs secretary Tarun Bajaj said, "Our revenue figure is under-stated not overstated.
Former oil secretary Tarun Kapoor, present and former chairmen of ONGC and a former director of IOC, are among over a dozen people who have applied for the top job at the oil and gas regulator, PNGRB, sources said. Kapoor, who superannuated as Secretary to the Ministry of Petroleum and Natural Gas last month, is the most prominent name in the list of 13 persons who have applied to become the chairman of Petroleum and Natural Gas Regulatory Board (PNGRB). Oil and Natural Gas Corporation (ONGC) chairman and managing director Subhash Kumar and his predecessor Shashi Shanker are also in the race and so is G K Satish, who superannuated as Director for Planning and Business Development from Indian Oil Corporation (IOC) a couple of months back.
Major Nikhil Maurya and Major Tarun Rathee will be leading the marching contingent of the Indian Army's Parachute Regiment Special forces on Republic Day.
'His condition is stable and he continues to be under medical observation...We request you to pray for his speedy recovery'
India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday.
The Goa government in its appeal before the Bombay high court against journalist Tarun Tejpal's acquittal in a rape case said it was a fit case for retrial, citing the trial court's lack of understanding of a victim's post-trauma behaviour and censuring of her character.
The ex-PM urged the people to elect a government that upholds the Constitution of India and the principles of democracy and brings about inclusive growth for all.
The Supreme Court on Friday refused to entertain the appeal of Sushant Singh Rajput's sister challenging the Bombay high court order which refused to quash a first information report lodged against her on the complaint of actress Rhea Chakraborty, the late actor's girlfriend.
The BJP announced its list of 148 candidates for the last four phases of assembly election in West Bengal, rewarding around 20 turncoats and fielding party heavyweights Mukul Roy and Rahul Sinha.
Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.
'Good friends are those who advise whether something is palatable for you or not.' 'Good friends are those who are not afraid of telling the truth.'
As we celebrate Dr Babasaheb Ambedkar's birthday on April 14, Subhash K Jha picks 5 fine films based on inequality and the caste system.
The remarks were made by a bench of Justices S S Shinde and M S Karnik while reserving its verdict on a petition filed by Rajput's sisters - Priyanka Singh and Meetu Singh- seeking to quash an FIR for alleged forgery and fabrication of a medical prescription for their brother.
Tarunraj Yadav from Vapi, Gujarat, tells us how he lost 24 kg in five months.
The actress, who is the complainant in the case against Rajput's sisters Priyanka Singh and Meetu Singh, filed an affidavit in the HC on Tuesday opposing their plea and said the allegations against them are serious.
Ola Electric is moving the delivery for the first batch of its electric scooters to between December 15 to the end of the month, a two- to four-week delay from its earlier schedule, due to a shortage of chipsets and electronic parts. The first batch of deliveries were scheduled for November 30 but the company decided to delay them after a meeting between its factory team and the global supply chain on Saturday. It became clear that the late delivery of chips and electronic parts was only 'getting worse', sources told Business Standard. Ola has apologised to customers for the delay and said it is "ramping up production as fast as we can so that you can get your Ola S1 at the earliest". It has stopped taking any new bookings until the chip shortage has eased, say sources.
Revenue secretary Tarun Bajaj along with senior finance ministry officials on Thursday held a meeting with Infosys managing director Salil Parekh to review the performance of the new income tax portal. More than 3.5 crore Income Tax Returns (ITR) have been filed so far for the financial year 2020-21 through the portal, which had faced glitches following which the ministry had directed Infosys to urgently address the issues. Infosys has developed the new income tax e-filing portal 'www.incometax.gov.in'.
There will be no second term for President Kovind and no elevation for Vice President Naidu.
Special judge M K Nagpal said that a prima facie case was made out against the accused for framing of charge against him for the commission of various offences punishable under the Indian Penal Code (IPC).
The new party -- Bharatiya Aarthik Party -- claims to represent farmers, traders and labourers,
Congratulating Suhas Yathiraj, an IAS officer who won a silver medal at the Paralympics, Prime Minister Narendra Modi on Sunday described him as a fantastic confluence of service and sports who has captured the imagination of the entire nation.
Sonam K Ahuja styled her hair in curls for Brides Today's cover.
Reigning World champion Pramod Bhagat continued India's fine showing at the Tokyo Paralympics with a gold medal in the badminton SL3 class event, in Tokyo, on Saturday. The 33-year-old Bhagat, who is also the world No. 1 and current Asian champion, scored a 21-11, 21-16 win over Japan's Daisuke Fujihara in the first SL3 class semi-final, which lasted 36 minutes.
Priyanka Chopra sets the temperature soaring in a Tarun Tahiliani sari.
