Bengaluru: Kerala’s newly elected Left Democratic Front (LDF) government’s maiden budget says a lot about what its priorities are. Finance minister Thomas Isaac, who presented the revised budget for 2016-17 on Friday, said the government will raise tax revenues through nine schemes, which include introduction of a 14% “fat tax” on burgers, pizzas, tacos, doughnuts,… Read More »
FASTag on fast track: Crosses 10,000 The sale of FASTag, cashless payment mechanism on toll plazas on National highways has crossed 10,000 mark in the month of June 2016. The monthly transaction through Electronic Toll Collection during the month has crossed Rs.1.0 crore. NHAI has rolled out cashless payment mechanism (FASTag) on toll plazas on… Read More »
The government has set the ball rolling to liberalise legal services, and allow entry of foreign law firms in India. In a meeting chaired by secretary, ministry of law and justice, on Tuesday, there was in-principal agreement among various stakeholders that included representatives of The Bar Council of India, the legal fraternity, and the sector,… Read More »
JULY 5: Vehicle buyers may face a truly prohibitive tax, going up to 22 per cent of the vehicle cost, on diesel cars if the recommendations of the Environment Pollution (Prevention and Control) Authority (EPCA) are implemented. Taking into consideration the health and environmental concerns, complicated by the lucrative lower taxes on the fuel, EPCA… Read More »
Understatement of Revenue by Telecom Service Providers The Department of Telecommunication has clarified the following information on understatement of revenue by telecom service providers in 2006-07 to 2009-10:- CAG Report on understatement of revenue by six Telecom Service Providers by Rs 46000 crores was received in February 2016. The Report pertains to four years i.e.… Read More »
DoNER Ministry to offer subsidy incentives in Northeast for employment generating units: Dr Jitendra Singh Ministry of Development of North-Eastern Region (DoNER) will offer subsidy incentives in Northeast for industrial and other units generating employment. Announcing this on the conclusion of a meeting of the Ministry here this morning, Union Minister of State (Independent Charge)… Read More »
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Railway Streamline procedure for issue of concession certificate to physically challenged persons (Divyang) Ministry of Railways has decided to streamline the procedure for issuing of concessional certificate to physically challenged persons (Divyang) in case of change of residence and also in some other cases for the convenience of the passengers. Indian Railways has already facilitated… Read More »
Government today constituted a Committee headed by Dr. Shankar Acharya (former Chief Economic Adviser) to examine the desirability and feasibility of having ‘a new financial year’; The Committee to submit its Report by 31st December, 2016. The Government of India today constituted a Committee to examine the desirability and feasibility of having ‘a new financial… Read More »
Guidelines for Implementation of Shipbuilding Financial Assistance Policy The Ministry of Shipping has approved a set of guidelines for implementation of its Shipbuilding Financial Assistance Policy. An institutional mechanism has also been created within the Ministry for redressal of grievances arising out of matters related to the said policy. The Shipbuilding Financial Assistance Policy was… Read More »