Finance minister Pranab Mukherjee on Sunday said the Empowered Group of Ministers headed by him would decide on the price hike of diesel, LPG and kerosene when it meets next week. A decision will be taken on raising prices of these items when the EGoM meets next week, Mukherjee told reporters here after meeting Congress MLAs elected in the West Bengal Assembly elections.
Off-spinner Harbhajan Singh has been sent a notice by the central excise and taxation department for not the paying service tax on his income. According to the officials of central excise and taxation department here, Harbhajan has not paid the service tax on his income in the first and second seasons of IPL.
Capital market regulator Securities and Exchange Board of India (SEBI) has proposed to put in place a business intelligence gathering mechanism with an aim to enhance its surveillance and protect investors’ interest.
With the Left losing power in West Bengal, the Empowered Group of State Finance Ministers, which is currently engaged in building a consensus on the GST, will have to find a replacement for Asim Dasgupta who has been heading the body since its inception. As West Bengal Finance Minister, Mr. Dasgupta was involved with the Empowered Group for more than a decade. Earlier, he was the convenor of the VAT panel and played a key role in implementing the new tax regime.
Former Fifa referee and present Deputy Chairman of the referees Committee of Goa Football Association, Benjamin Incacio Conceicao Silva has submitted to the GFA and AIFF forged documents (which are actually documents of GFA executive committee member and referees Committee chairman of GFA, Benjamin Silva) to lower his age by nearly five years,” Former GFA Secretary Savio Messias wrote in a complaint to GFA President Shrinivas Dempo.
Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report. Attributing to a source, The Wall Street Journal reported, Google is close to settling a US criminal investigation into allegations it made hundreds of millions of dollars by accepting ads from online pharmacies that break US laws.
A panel set up by Sebi to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses. The proposals also involve a single-cheque payment for the combined amount of the agreed investment and service fee or transaction cost, which could be capped at an amount between Rs 100-200 per transaction, an official said.
The United Nations human rights chief today added her voice to the chorus welcoming the 100th ratification of the UN’s disability convention, but warned that too few countries currently have laws protecting persons with disabilities from discrimination.
SKS Microfinance today challenged in the Supreme Court the special act passed by the Andhra Pradesh government to regulate micro finance institutions in the state after allegations that their high interest rates and strong-arm recovery methods led to suicides by farmers. A bench of justices Markandey Katju and Gyan Sudha Mishra issued notice to the state government, directing it to file reply and posted the matter for hearing in the third week of July.
Worried over the circulation of a large number of fake ration cards , Orissa government has asked collectors of eight districts to initiate criminal proceedings against the responsible officials. The department of food supplies and consumer welfare asked the collectors of Bolangir, Kalahandi, Koraput, Nuapada, Malkangiri, Nabarangpur, Rayagada and Sonepur to act against officials involved in issuance of such ration cards.
