Discover the latest government policies and their impact on society. Stay informed about regulations, laws, and initiatives shaping the country's governance. Explore our comprehensive coverage of government policies and their implications.
Finance : Examining the economic impact of agri-commodity trade under FTAs. Wheat trade case study highlights supply-demand equilibrium, inf...
Corporate Law : Explore the reality of women in leadership. Legal mandates like SEBI and Companies Act aim for diversity, but true inclusion deman...
Finance : The economic management of every country be it developed from the developing state, taxation is an important subject but in the de...
Corporate Law : A study on Bangalore’s auto component SMEs explores how innovation enhances competitiveness, impacts employment growth, and its ...
Goods and Services Tax : Women often pay more for personal care, clothing, and financial services due to the Pink Tax. Learn about gender-based pricing and...
Corporate Law : CBI dismantles a virtual asset-backed cybercrime network defrauding German nationals, arresting key accused and recovering digital...
Finance : Explore trends in India's household savings, liabilities as a percentage of GDP, and measures for the middle class in the Union Bu...
Corporate Law : जानें उत्तर प्रदेश बार काउंसिल की 2025 साक्षात्कार ...
Finance : India has extradition treaties with 48 countries. Details of loan and tax offenders and extradition arrangements were shared in th...
Excise Duty : Govt clarifies tax increase on tobacco products, citing changes in excise duty on cigarettes and GST rules. Revenue funds overall ...
Corporate Law : Supreme Court of India invalidates State VAT amendments made post-GST, citing issues of legislative competence in Telangana, Gujar...
Corporate Law : Kharghar Co-op. Housing Societies Federation Ltd Vs Municipal Commissioner (Bombay High Court) Bombay High Court in the matter of ...
Corporate Law : Calcutta High Court held that computation of award amount without multiplying the amount with the multiplier 13 is unjustifiable....
Corporate Law : Ours being a Welfare State, the respondents who happen to be instrumentalities of the State under Article 12, cannot act arbitrari...
Corporate Law : Held that there is no infringement of copyright as some contents are bound to be similar as teaching given in the Holy Books Quran...
Corporate Law : The Coastal Shipping Bill, 2024, introduced in Lok Sabha, aims to regulate coastal trade, boost domestic participation, and enhanc...
Corporate Law : The Ministry of Agriculture announces revised guidelines for the AMI Sub-scheme of ISAM, effective from November 10, 2024, for new...
Corporate Law : The Central Government increases minimum wage rates by revising the Variable Dearness Allowance, effective October 1, 2024, aiding...
Corporate Law : MHA issues guidelines to ensure nondiscriminatory prison visitation rights for LGBTQ+ community, emphasizing equal treatment in al...
Corporate Law : Get clarity on GPF interest exceeding 5 lakhs. Learn about revised provisions & implications for government servants' GPF subscrip...
The American banking sector continues to grapple with failures and on an average, ten banks are closing down every month. This year, 30 banks have already collapsed and the numbers are expected to rise in the coming weeks. A staggering 184 banks have folded up since the bankruptcy of the then Wall Street major Lehman Brothers in September 2008.
Applications for issue of passports under the Tatkal scheme are accepted if a verification certificate is submitted in the prescribed performa, duly signed by a designated officer of the Central/State Governments, or on submission of three prescribed documents. Two lists containing designated officers and prescribed documents are enclosed at Annexure A and B.
Although, the proposal is for setting up all twenty IIITs in Public Private Partnership (PPP) mode, since industry participation may not be forthcoming in some States like in the North East, it is proposed that IIITs in the North East may be set up by the Central Government with contributions from Ministry of Development of North Eastern Region (DONER).
The CVC does not issue sanction for prosecution. However, the Commission advised sanction for prosecution in the year 2008 and 2009 in 107 and 131 cases respectively. In pursuance of the Commission’s advice, the Competent Authorities have imposed penalties as per details given below:-
The Government has informed Lok Sabha that a Coordination and Monitoring Committee (CMC), co- chaired by Secretary, Ministry of Corporate Affairs and Chairman, Securities and Exchange Board of India (SEBI) has been set up to look into issues relating to companies that had come out with public issues and vanished and to monitor the progress of action taken against such vanishing companies and their promoters. Specific criteria have been adopted by CMC for identification of such vanishing companies.
VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. Tax on Masala Powder Mixtures, Macaroni, Sports Trophies, Shields and Medals, all kinds of scrap, Electric generators of less than 15 KVA, railway concrete sleepers, school bags costing up to Rs 200, reduced from 12.5 % to 5 %.
The Government of India has authorized Financial Intelligence Unit – India (FIU-IND) to enter into Memorandum of Understanding (MOU) with FIUs of other countries to exchange information pertaining to money laundering and terror funding. So far, FIU-IND has signed MOUs with FIUs of Mauritius, Philippines, Brazil, Malaysia, Russian Federation, Australia and Canada and information is being shared between FIU-IND and its counterparts. Further, India has entered into MOUs with China and Vietnam which find mention of crime relating to money laundering.
The ‘Paid News’ issue was raised in Rajya Sabha today under Calling Attention Notice tabled by Shri Sitaram Yechury regarding the role of print and electronic media indulging in paid news in disguise as news. The text of Minister of Information & Broadcasting Smt. Ambika Soni’s statement made in response to the Calling Attention Notice is as follows:
The Supreme Court has dismissed the plea of the excise department to levy service tax on IBM India’s application software — enterprise resources planning software system (implementation service). A bench headed by justice SH Kapadia rejected the plea of the commissioner of central excise alleging that IBM had failed to pay service tax on its enterprise resources planning (ERP) software system (implementation service) used to facilitate the flow of information between all business functions inside the boundaries of its clients’ organisations and manage the connections with outside stakeholders.
Though levy of service tax on domestic air travel is negative, given the rebound in air travel, the players can fully pass on the impact to customers through hike in fares. The budget proposes to increase the scope of air passenger transport service is being expanded to include domestic journeys and international journeys in any class from the earlier provision of taxing only international journey in any class other than economy class.
