User: prs Topic: Legal-News
Category: Acts
Last updated: Dec 08 2016 11:52 IST RSS 2.0
 
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Dada vs MCA: Ganguly to meet Thakur about 'injustice' meted out to Bengal by cancelling Ranji match 6.12.2016 DNA: Recent Columns
Cricket Association of Bengal president Sourav Ganguly on Tuesday said that he will be taking up the issue of revocation of Bengal's rescheduled Ranji Trophy encounter against Gujarat with the BCCI brass including president Anurag Thakur and secretary Ajay Shirke. It has been learnt from CAB sources that they will sent a formal letter to the BCCI regarding the current move. "I am aware of the situation. I will be taking up this issue at the appropriate forum with president Anurag Thakur and secretary Ajay Shirke," Ganguly said. Asked if the morale of the team will be down due to this decision as they play an important match against Madhya Pradesh, starting on Wednesday, the former India captain said that he has spoken to the boys and told them to keep their chin up. "I have told the boys that they should just focus on the match and not think about anything else. Their goal should be to win the match," the former skipper added. Bengal's smog-hit Ranji encounter against Gujarat hit (November 7-10) was ...
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Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and approximately Rs. 2,000 crore of Undisclosed Income admitted by the taxpayers; IT Department refers large number of cases with serious irregularities detected Post De-monetization to Enforcement Directorate (ED) & CBI. 6.12.2016 Govt of india: PIB
The Income Tax Department has carried-out swift investigations in more than 400 cases since the de-monetization
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Congress threatens stir if Maharashtra fails to implement Muslim quota 6.12.2016 TOI: India
A day after Maharashtra government filed an affidavit in Bombay high court backing reservation for Marathas, Congress on Tuesday threatened to launch an agitation if quota for Muslims in educational institutions, scrapped last year by the BJP-led dispensation, is not implemented.
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BRICS nations vow to automatic sharing of tax information 6.12.2016 DNA: Money
BRICS nations, including India, pledged to share tax information automatically and adopt global standards on tax transparency to check cross border tax evasion. The two day meeting of the heads of Revenue of Brazil, Russia, India, China and South Africa (BRICS) also resolved to support other developing nations in increasing their tax administrations' capacity to implement the OECD/G20 standard on Automatic Exchange of Information (AEOI). "We recognise the importance of the exchange of information between competent authorities in preventing cross- border tax evasion and we resolve to exchange information, both on request and on automatic basis, and to adopt global standards on tax transparency," said the communique issued after the meeting. Expressing "deep concern" with the process of erosion of the tax base by aggressive tax practices including incomplete disclosure of information by MNCs, the group reaffirmed its resolve to work together to address them. "We acknowledge our common understanding that ...
BRICS nations vow to automatic sharing of tax information 6.12.2016 ET: Policy
The two day meeting of the heads of Revenue of Brazil, Russia, India, China and South Africa (BRICS) also resolved to support other developing nations in increasing their tax administrations' capacity to implement the OECD/G20 standard on Automatic Exchange of Information (AEOI).
After supporting demonetization, Nitish says cashless economy won't work in India 6.12.2016 DNA: Urban Tales
After unequivocally supporting the scrapping of Rs 500 and Rs1,000 notes, Bihar Chief Minister Nitish Kumar on Monday said a cashless economy was not possible across the country and reiterated that it was the right moment to hit on "Benami" properties as "demonetization alone will not help in curbing black money menace in India." "The world is slowly moving towards cashless economy, but it is not possible completely in India. Our social environment and behavioural patterns is such that cash transactions will always be a part of day to day trade. I don't think it will be possible to fully implement it," Nitish said, while addressing media persons post the launch of his "Lok Samvad" programme in Patna. The statement comes in the backdrop of the NDA-led Union government encouraging people to move towards digital payments and has even formed a Centre's committee of CMs to form a roadmap for implementing the digital payments system in India. Nitish, however, is not a part of it, as had been expected ...
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EC looks to change the way elections are fought 6.12.2016 DNA: Wide Angle
Looking to play a bigger and more effective role in elections, the Election Commission (EC) is hoping to get green signal from the government on various of its proposals to comprehensively review the election laws that will help it to decriminalise politics and cleanse political funding. Among the key amendments that EC is looking forward to carry out are - bringing down the amount of non declared donations to political parties from Rs 20,000 to Rs 2,000; punishment of two years imprisonment to candidates who furnish wrong or conceal information in election affidavits; and debarring candidates charged with cognisable offences from contesting elections. Sources in election commission said, though they do not accept these changes to come into effect before the crucial state assembly elections in Uttar Pradesh, Punjab and etc. in 2017-18 as after getting government nod these would require Parliament to amend Representation of Peoples' Act, 1961, they are hopeful of having more powers at their hands when ...
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Winter session: Deadlock continues in Parliament 5.12.2016 DNA: Top News
As the Winter session entered its third week on Monday, Parliament remained deadlocked and stalled due to stand-off between the Opposition and the government over demonetization and how the debate should be held on it. For the 13th consecutive day, both the Lok Sabha and the Rajya Sabha failed to transact any business due to the uproar created by the Opposition over demonetisation, even as the government expressed readiness to discuss the issue and listen to the views of members regarding "deficiencies" in its implementation so that these can be corrected. The Lok Sabha could not function because of differences over the Rule under which a debate should be held while the Rajya Sabha was paralysed due to uproar by Opposition over cash crunch due to demonetisation. In the Lok Sabha, Home Minister Rajnath Singh said the government is ready for a debate but it should be left to Speaker Sumitra Mahajan to take a decision regarding the Rule under which the debate should be undertaken. Singh, who spoke after ...
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Gold imports to dictate size of current account deficit in second half of 2017: ICRA 5.12.2016 ET: Indicators
Anecdotal evidence suggests a sharp rise in gold imports in Nov 2016, on the back of inventory replenishment, festive season and wedding demand.
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Arrested Axis bank managers sent to remand by Delhi court 5.12.2016 DNA: India
The Delhi court on Monday sent two Axis bank managers, who were arrested by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA) case into a week's remand. The accused officials were produced before the Tis Hazari court at around 2 PM on Monday and were interrogated for about 38 hours. They were asked to present themselves before the court on December 12. Lawyer of Shobit Sinha, one of the accused, said that they opposed the 7-day police custody adding his client cooperated during investigation. Earlier in the day, Axis Bank suspended the accused officials. Both managers had allegedly taken gold bricks as bribe to convert Rs 40 crore black money into white. One of the gold bricks was recovered from Lucknow. Money from the three bank accounts was transferred to jewellers via RTGS mode of payment to buy gold. The jewellers sold the gold at 45,000 rupees per tola whereas the market price was much lower. The ED is probing the case and has initiated an investigation into the matter ...
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CBI arrests two over seizure of Rs 5.63 cr 5.12.2016 TOI: Home
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Gold imports to dictate size of current account deficit in H2 of FY2017: ICRA 5.12.2016 ET: Foreign Trade
The combined imports of gold, silver and precious and semi precious stones declined to US$26.4 billion in April-October 2016 from US$33.2 billion in April-October 2015.
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Setting up of SEZ 5.12.2016 Govt of india: PIB
The principal objectives behind creating Special Economic Zone (SEZs) in the country include:
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Spell out safety plan for Kumbh devotees: HC tells Maha govt 5.12.2016 DNA: Recent Columns
Does Maharashtra have a proper safety plan in place like Uttar Pradesh, Madhya Pradesh and Uttarakhand to hold Kumbh Mela, which see about 1 crore devotees? The Bombay High Court has asked the state government to file a reply to this question by next month. A division bench of Chief Justice Manjula Chellur and Justice MS Sonak while hearing a public interest litigation filed by Yogesh Ghode, a Nashik-based social activist, said: “Even though the petition refers to the 2003 stampede incident, the problem is still relevant and the government will have to enumerate the steps it has taken to safeguard the life of devotees in case of an emergency.”    The bench, relying on the petition details that mention about a special enactment being brought about by the three states that also hold the Kumbh Mela, said: “Does Maharashtra have a special act or a standard operating procedure which is to be adopted in case of emergency?”   Advocate Sachin Kadam, appearing for the petitioner, said, “There are several ...
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Indian Davis Cup players lend support to captain Anand Amritraj, want him to continue 4.12.2016 DNA: Wide Angle
Under-fire Davis Cup captain Anand Amritraj has found support from the Indian tennis players, who have written to the AITA Management Committee that they are "strongly opposed" to any change in the support staff. Both captain Amritraj and coach Zeeshan Ali's contracts are up for review and the speculation is that AITA may not renew Amritraj's contract since it had been reported recently that he had failed to ensure discipline in the team. AITA officials have said that there may be a change as they would like to see rules and disciplines be implemented. Terms of both Amritraj, who had replaced SP Misra and Zeeshan, who came in place of Nandan Bal, will end later this month and India's next tie is against New Zealand in Pune from February 3-5. India's top four singles players, including Somdev Devvarman, Yuki Bhambri, Saketh Myneni and Ramkumar Ramanathan have requested AITA to retain both Amritraj and Zeeshan since the team has produced good results under them. "We are writing this letter to express our ...
Centre, states to list industries for cashless wage payment 4.12.2016 ET: Policy
Govt is ready with the Payment of Wages (Amendment) Bill, 2016 which empowers the Centre and states to specify industrial or other establishments where employers shall pay workers either by cheque or by crediting wages into their bank accounts.
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Centre, states to list industries for cashless wage payment 4.12.2016 DNA: Money
Aiming to move towards a cashless India, the Centre and states could soon have powers to specify categories of employers who will have to pay wages either through cheques or by crediting the amount directly into the workers' bank account. "Government is ready with the Payment of Wages (Amendment) Bill, 2016 which seeks to empower the Centre as well as states to specify industrial or other establishments where employers shall pay workers either by cheque or by crediting wages into their bank accounts," a source said. "The proposal to amend the Payment of Wages Act 1936, is likely to be placed before Union Cabinet for approval in the next few days. Government intends to push the bill during the ongoing winter session of the Parliament after Cabinet nod," the source added. At present, an employer is required to obtain a written authorisation from the employee to pay wages either through cheque or by crediting it into the employee's bank account. Explaining further, the source said that payment of wages ...
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Apple, Starbucks, others' tin supply chain has ties to rebel-held Myanmar mine 4.12.2016 DNA: Opinion
From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweller Tiffany & Co, list among their suppliers Chinese-controlled firms that indirectly buy ore from the Man Maw mine near Myanmar's border with China, a Reuters examination of the supply chain found. The mine is controlled by the United Wa State Army (UWSA), which the United States placed under sanctions for alleged narcotics trafficking in 2003. The seven companies extracting tin from the mine are all owned or controlled by Wa military and government leaders, Wa officials and people with close ties to UWSA leadership told Reuters. Click here for graphical representation This potentially puts companies, which also include industrial conglomerate General Electric, at risk of violating sanctions that forbid "direct or indirect" dealings with ...
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Why can't Gurugram have open-air bars? 4.12.2016 Gurgaon - City - The Times of India
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Collector stays Amreli civic body’s order on cow dung 4.12.2016 Rajkot - City - The Times of India
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