Archive for category Government Affairs

Why the 21st century can well be India’s

15th January 2011,

Many Indians are entering 2012 with a sense of unease. The economy is slowing, infrastructure remains terrible, poverty is ever-present, and corruption seems an intractable problem.

These are all legitimate concerns. But, please, take a step back and look at the big picture. Now take another step back and look at the really big picture.

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New Benami law to allow property in spouse, siblings’ name

 Thursday, 21 July 2011

 

NEW DELHI: Properties purchased in the name of spouse or siblings could be allowed under benami deals with the government today approving a new legislation to replace a 22-year old act that remained unimplemented due to “infirmities” in it.
 

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Internet industry not happy with IT rules ’11

 Monday, 16 May 2011

NEW DELHI: Government’s new rules for governing user-generated content on websites are evoking the ire of internet community in India and chiefly from the largest search engine firm Google, which calls the rules as censorship of internet in the country.

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The Lok Sabha passed the budget proposals – Most proposals retained

Thursday, 24 March 2011

 Health tax goes, but may be back with GST

 NEW DELHI: The Lok Sabha passed the budget proposals minus the 5% service tax on healthcare and diagnostic services provided by high-end hospitals that was withdrawn following widespread criticism.

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Budget 2011 outlook: Govt likely to address only the near-term problems

Monday, 07 February 2011

Current macroeconomic challenges are manifold. Inflation, including that for essential commodities, is high. Interest rates are on the way up.

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India ups vigil on Mauritius funds; suspects round-tripping

Sunday, 06 February 2011

NEW DELHI: Financial sector regulators Sebi and RBI have enhanced their vigil on funds coming from Mauritius, suspecting round-tripping or routing of Indians’ illicit money back into the country through the island nation.

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Govt imposes anti-dumping duty on Chinese & Israeli telecom equipment

 Sunday, 26 December 2010

NEW DELHI: India has imposed anti-dumping duty of up to 266 per cent on imports of an IT equipment — also used in the telecom sector — to guard the domestic industry from cheap Chinese and Israeli shipments.

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5 years later, Centre & states agree to stamp duty changes

Monday, 08 November 2010

 NEW DELHI: Decks have been cleared for sweeping reform of the stamp duties law with states agreeing to an overhaul that will see simpler nation-wide rules reducing incidence of taxation and making compliance easier.

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SEBI, MCA may clash over Companies Bill

 Sunday, 5 Sep, 2010

 The provisions of the Companies Bill are set to bring the Sebi and the ministry of corporate affairs (MCA) in conflict with each other in a number of areas such as insider trading, independent directors, and delisting of publicly-traded companies.

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Lawmin says watchdogs can’t veto policy moves

 Thursday, 19 August, 2010

The law ministry has sided with the communications ministry and said watchdogs such as the Comptroller and Auditor General (CAG) of India and Central Vigilance Commission (CVC) have no duty or power over policy decisions by the government.

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Downstream investment norms likely to be eased

July 27th, 2010

The government may relax norms governing investments by Indian companies having foreign direct investment, allowing them to invest internally generated funds in subsidiaries without prior approval.

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