Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.
It will be a smooth ride for tourists and citizens during the Commonwealth Games in New Delhi as Delhi government estimates that around 15,000 radio taxis will be on the roads by October.
The lockdown has taught companies a lesson or two on running business with fewer human resources. These lessons are unlikely to be forgotten, observes Mahesh Vyas.
A senior official in the finance ministry said the Central Board of Direct Taxes addressed the nine areas of concern in the Code identified by Finance Minister Pranab Mukherjee.
Though clarity on various aspects is still some way off, let's take a look at the impact of the Revised Direct Taxes Code.
Six states and UTs -- Maharashtra, Manipur, Meghalaya, Sikkim, Tripura and Daman & Diu -- have not spent a single rupee from the fund allocated by the Centre, according to data shared by the minister in Parliament in response to a question.
Insurance firms and non-banking finance companies are heaving a sigh of relief as the revised draft of the Direct Taxes Code has suggested that book profits rather than gross assets be used to calculate the minimum alternate tax, or MAT, for both groups.
The annual Finance Bill may soon become far less exciting as the government plans to lift the veil of secrecy surrounding tax proposals in Budget. Once the Direct Taxes Code (DTC) and Goods and Services Tax (GST) are in place, the finance ministry will adopt a public discussion approach for most future decisions, while confining the annual exercise to a few procedural changes.
The government will lose over Rs 53,000 crore (Rs 530 billion) in tax revenue on account of the increase in exemption limits and tweaking of slabs in the Direct Taxes Code Bill, which will come into effect from April 1, 2012, a year behind the previous deadline.
But contentious areas like special economic zones, capital gains and Ulips may see changes
The tribunal passed the order while hearing a bunch of petitions from the employees of Delhi Transport Corporation, seeking pension from the corporation which was denied to them after they had opted for VRS between 1993 and 1995.
The changes to the original draft of the Direct Taxes Code are going to cost taxpayers, with the government planning to significantly alter the slabs.
Here is a list of some of the noteworthy changes proposed in the draft code.
The 48-year-old Indian Income Tax Act is set to be replaced by a new Direct Tax Code from April 1, 2011.
Finance Minister Pranab Mukherjee has also said that the bill on DTC was likely to be tabled in the monsoon session of Parliament.
People with more than Rs 10 lakh (Rs 1 million) annual income may not get the tax relief originally proposed in the Direct Taxes Code, as the finance ministry is for tweaking slabs across the board to offset concessions elsewhere.
The government has proposed to replace the Income Tax Act of 1961 with a direct taxes code, which would simplify the legislation.
"The (tax) exception given to BPOs has to be withdrawn under section 10 (A) of Income Tax Act. There is no provision in DTC for any such extension of benefits," tax expert and International Fiscal Association of India Branch Chairman T P Oswal told PTI.
Not all change is good, but this one is, applauds Shekhar Gupta.
More people are expected to hit the roads after celebrating the New Year and an extended weekend.
It pulled up the Delhi government for its plan to introduce 6,000 new buses without conducting any study or research.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Celebrations broke out as the Grand Alliance was all set for a thumping victory in the Bihar polls.
Police resorted to baton charges and fired tear gas shells to disperse the protesters.
Two men, who were apparently part of a demonstration by Jamia Millia Islamia students on Sunday, have been admitted to the Safdarjung Hospital with "gunshot injury", sources said on Monday.
The text of the Income tax amendment is so wide and so riddled with ambiguities that it deserves to be scrapped for those reasons alone, says N S Nigam.
Kejriwal runs his party with the proverbial iron fist and has learnt to temper his aggression, say people close to him.
However, metro services, schools, colleges, cinema halls and salons will remain closed, the chief minister said. Wearing masks and following social distancing norms are mandatory in the city, Kejriwal said, adding that no activity will be permitted in containment zones, except for essential services.
To begin, the Budget has no doubt attempted to address uncertainty.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.
Few vehicles are expected to be on the roads for three days beginning on Friday as it is a holiday because of Ram Navami on Friday and Saturday and Sunday follow.
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.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
Patients have been waiting for days, weeks and sometimes months for appointments for dialysis, chemotherapy and other emergency procedures.
Arvind Kejriwal, engineer, civil servant and Delhi's man with a development agenda, is the David who slayed the government's Goliath.
A renewed agreement between India and Pakistan on running the bus service came into force from Monday.
Lok Sabha passed the Finance Bill, after approving more than two dozen official amendments, by voice vote, thus completing the Budgetary exercise for 2019-20 in the Lower House.
All the five have been isolated in Pathnamathitta general hospital and are under observation. Their tests were confirmed on Saturday night.
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