'Politics is a game of public perception and my father felt that by his long disappearances, Rahul Gandhi was losing the battle of perception.'
A comprehensive Bill on insurance sector is likely to be introduced in the winter session of Parliament, Union Finance Minister P Chidambaram said on Friday. \n
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Unable to comprehend the deliberations in English in the joint drafting committee on Lokpal Bill, anti-corruption crusader Anna Hazare has sought an interpreter for himself from the next meeting.
The joint drafting committee on Lokpal bill on Saturday had its first meeting when civil society representatives presented a new draft of the legislation to the government with both sides expressing hope that the new law will be brought in the monsoon session of Parliament.
"I came in between" Rahul Gandhi and Akhilesh Yadav, Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday, taking a dig at the leaders of the Congress and the Samajwadi Party who had formed a coalition to take on the Bharatiya Janata Party.
The Samajwadi Party and the Rashtriya Janata Dal on Monday said they would oppose the Women's Reservation Bill in its present form at an all-party meeting convened by the government and stick to their demand for separate quotas for women from the minority community, scheduled castes, scheduled tribes and other backward classes. the meeting has been convened by Finance Minister Pranab Mukherjee, who is Leader of Lok Sabha, to find a way out of the impasse on the bill.
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
This form of government, where secrets and major decisions are kept from the Cabinet itself, appears to be continuing, which is why the speculation around this special session, asserts Aakar Patel.
Select committees of the House have already submitted their reports
India, the world's largest edible oil importer, on Wednesday slashed customs duty on RBD Palm oil to 70 per cent from 85 per cent but traders here said it is unlikely to have any significant impact on imports.
Says govt is creating conditions for greater private investment
The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new legislation, an official said. In the Union Budget this year, the government proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in 'Development of Enterprise and Service Hubs' (DESH). The official said the commerce ministry has sought views of different ministries, including finance, on the new bill.
Life insurers have decided to pass on service tax to customers. The chief financial officers of life insurance companies met last Wednesday and have decided to pass on the service tax burden to customers, confirmed officials of various life insurance companies.
Kumaraswamy's father HD Deve Gowda also downplayed GT Devegowda's comment.
The government on Friday asked the Comptroller and Auditor General (CAG) to suggest ways to curb its rising subsidy bill on food, fertiliser and petroleum products without hurting the targetted population.
Seeking to give a big push to the Lokpal Bill, Congress vice-president Rahul Gandhi on Saturday appealed to all political parties to support the legislation saying it is a "very very powerful instrument" in the fight against corruption.
The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.
One of the bold proposals in the Finance Bill, 2007, is amendments in the law relating to valuation of imported and export goods
Revised draft model Bill clearly says an agriculturist for the purpose of agriculture won't be liable for registration under GST.
Finance Minister Arun Jaitley had came out with a host of proposals last month.
The BJP alleges that the U C Banerjee Committee Report, which described the train fire as an accident, was made public with an eye on the polls.
Finance Minister Pranab Mukherjee on Thursday said the government would introduce the Direct Taxes Code (DTC) Bill that will simplify direct tax laws, in the monsoon session of Parliament beginning July 26.
The government is targeting export of goods and services worth $2 trillion by 2030.
After Parineeti Chopra and Aam Aadmi Party leader Raghav Chadha were spotted together on several occasions, rumours linking them have been doing the rounds.
Following is the text of Prime Minister Manmohan Singh's remarks at the all party meeting on the Lokpal issue in New Delhi on Wednesday evening.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
While going back to the old bill is only a face saver, there is little in the bill that will excite industry or the markets, says Shishir Asthana.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
Currently, the select committee is considering the Bill.
This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with finance bill, detailing new tax and other measures for the new financial year, will not be physically printed.
Food subsidy bill rises 20% in April-January
The first step in tax saving through family tax planning is to adopt the concept of divide and rule. The simple rule is that each family member must have his or her independent source of income so as to legally become an independent tax payer under the provisions of the income tax law. Under the income tax law it is not possible to arbitrarily divide one's income amongst different members of the family - and then pay lower tax in the names of different family members.
The joint drafting committee on the Lokpal Bill met in New Delhi on Tuesday for the last time amid "fresh and serious" differences between the government and Anna Hazare team.
A new Lokpal Bill will be introduced in the Lok Sabha on Thursday and the existing one withdrawn.
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy.
The government has proposed to dilute the controversial Fringe Benefit Tax, exempt savings account from the 0.1 per cent banking cash transaction tax and raise income tax exemption limit for women and senior citizens.
The alliance will resume its boycott of Parliament indefinitely from Tuesday protesting against the United Progressive Alliance government's 'hostile and vindictive' attitude.
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