User: prs Topic: Legal-News
Category: Acts
Last updated: Sep 22 2016 09:51 IST RSS 2.0
 
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Government puts more steel grades under quality control order 20.9.2016 ET: Policy
The move is expected to check the rampant import of cheap steel products into the country, especially from China, Japan and South Korea.
FM Arun Jaitley sets up 'war room' to monitor GST implementation 20.9.2016 ET: Policy
The suggestion of the 'War room' came during the discussions when some members raised issues faced by the finance ministry in rolling out the network.
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GST notification doesn’t end government’s power to levy excise 20.9.2016 ET: Policy
"We have had discussion with AG and he opined that there is no problem with the notification," the official said citing Section 19 of the amendment.
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No legal infirmity in GST notifications: Hasmukh Adhia 20.9.2016 DNA: Top News
Setting at rest confusion over levy of excise duty, the finance ministry said there is no "legal infirmity" in the notifications issued by the government with regard to the GST Constitution Amendment Act. Some experts have raised doubt about the legality of levying excise duty by the Centre on various commodities till implementation of the goods and services tax (GST) from April 1, 2017, after the government on September 16 notified certain provisions of the Act. "DoR (department of revenue) examined the validity and implications of notifications dated September 10 and 16 with respect to existing taxes imposed by the Union and states. There is no legal infirmity in these notifications," Revenue Secretary Hasmukh Adhia tweeted. He further said the law department has confirmed that "there appears to be no legal requirement to issue any further clarification or notification in this regard". The confusion arose following the notification with regard to amendment of Entry 84 of the Union List following which ...
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New York bombing suspect's family clashed with New Jersey city over restaurant 20.9.2016 DNA: Urban Tales
Long before the FBI made Ahmad Rahami notorious as a suspect in this weekend's bombings around New York, his family was well known in Elizabeth, New Jersey, for frequent skirmishes with neighbors over its fried chicken restaurant. The Federal Bureau of Investigation plans to question Rahami, a 28-year-old naturalized US citizen who was born in Afghanistan, in the bombings that wounded 29 people in New York City on Saturday, as well as other devices that exploded in New Jersey without causing injury. Rahami was not listed on US counterterrorism databases, three US officials told Reuters. But he was well known to Elizabeth Mayor Chris Bollwage for the frequent complaints about noise at the family's restaurant, on a commercial strip of a racially diverse, working-class neighborhood. "The suspect was not on the radar of local law enforcement, but the fried chicken place that ... the family owned, we had some code enforcement problems and noise complaints," Bollwage told reporters. His father, Mohammed ...
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Revenue department likely to clarify on Centre's power to levy excise 19.9.2016 DNA: Top News
The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017. The clarification is expected to address the doubt being raised by certain experts about the legality of levying excise duty during the interim period before the GST rollout. The other view is that the Centre has widespread power under Entry 97 of the Union List to levy taxes on any products. The confusion arose following the notification of certain clauses in the GST Constitutional Amendment with effect from September 16. As per the notification, Entry 84 of the Union List has been amended to include only petroleum crude, high-speed diesel, petrol and natural gas. It would mean that the Centre can levy excise duty only on these products. Earlier, Entry 84 of the Union List of the Constitution allowed the Centre to levy excise duty on tobacco and other goods with the exception of potable alcohol, opium and ...
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Thirteen Nations Come Together to Discuss Biotechnology, Environmental Risk Assessment and Biosafety Regulation 19.9.2016 Govt of india: PIB
Thirteen nations are participating in the South Asia Biosafety Conference (SABC) at Hyderabad, to share international experience amongst scientists and regulators in biotechnology, environmental risk assessment and biosafety regulation in South Asia.
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GSTN under examination; Centre to hold majority stake 19.9.2016 ET: Policy
The development comes after apprehensions were raised against GSTN by many stake holders including association of Indian Revenue Service (Customs and Central Excise) officers.
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Bombay HC rejects challenge to domicile requirement in medical college admission in Maharashtra 19.9.2016 TOI: Cities
The Bombay high court on Monday declined to interfere with the domicile requirement for medical college admissions in the state. The HC rejected a challenge to the requirement for students to have domicile in Maharashtra for this academic year, but admitted petitions filed by private unaided medical colleges.
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After GST law, can government still levy excise on goods? 19.9.2016 ET: Economy/Finance
Government officials claimed a transitional provision provided in the constitution amendment will allow them to continue to collect excise duty on all goods.
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Can SC shut citizens' right to protest against its order? 19.9.2016 TOI: India
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GST on mind, Centre may advance Winter session 18.9.2016 TOI: Home
In a bid to roll out the crucial Goods and Services Tax (GST) from April 1 next year, the Modi government is considering to advance the Winter session of Parliament to pass the CGST and IGST bills and pave way for implementation of the new sales tax regime.
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29 injured in 'intentional' explosion in New York City 18.9.2016 DNA: Recent Columns
An explosion rocked the bustling Chelsea district of Manhattan on Saturday night, injuring at least 29 people in what authorities described as a deliberate, criminal act, while saying investigators had found no evidence of a "terror connection." New York City Mayor Bill de Blasio and other city officials said investigators had ruled out a gas leak as the cause of the blast, but they stopped short of calling it a bombing and declined to specify precisely what they believed may have triggered the explosion. Neha Jain, 24, who lives in the neighborhood, said she was sitting at home watching a movie when she heard a huge boom and everything shook. "Pictures on my wall fell, the window curtain came flying as if there was a big gush of wind," she told Reuters. "Then we could smell smoke. We went downstairs to see what happened, and firemen immediately told us to go back." Police said a sweep of the neighborhood following the blast had turned up a possible "secondary device" four blocks away consisting of a ...
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Landmark 2013 Delhi HC verdict finds place in Yale Law School journal 18.9.2016 DNA: Recent Columns
A landmark judgement of the Delhi High Court, which had struck down an 1870 law on court fees, has found place, along with four others from around the world, in a prestigious international journal published by the Yale Law School of the United States. The judgement penned in 2013 by Justice Gita Mittal had struck down The Court Fees (Delhi Amendment) Act 2012 after declaring it "invalid and ultra vires the Constitution". The judge, who was heading the bench along with Justice J R Midha, had held that Delhi Legislative Assembly did not have the legislative competence to amend the Court Fees Act, 1870 and directed government to refund the higher amount collected from litigants as the amendment came in 2012. In its publication 'Global Constitutionalism 2015', which is part of the Gruber Program for global justice and human rights, the law school has incorporated the landmark judgement along with two from the European Court of Human Rights, one each from the Supreme Courts of the United States and Canada, a ...
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Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra 18.9.2016 ET: Finance / Insurance
"If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward," ICRA added.
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Sarfaesi Act provisions can help resolve NBFCs' bad loans faster: Icra 18.9.2016 DNA: Top News
Domestic rating agency Icra has said the decision to extend provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 to loans given by non-banking finance companies (NBFCs) will help bring down delinquencies and may result in cheaper funds for borrowers. "The access to the Sarfaesi Act will strengthen NBFCs' ability to contain life-time losses," the rating agency said in a weekend note after the finance ministry decided recently to extend the provisions of the Sarfaesi Act 2002 to NBFCs with over Rs 500 crore in assets. The ministry notification has a list of 196 NBFCs that will benefit under the new framework. "If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward," the agency added. The report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space. As of March this year, only 19% of the ...
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Govt extends time frame of voluntary pharma marketing code 18.9.2016 DNA: Wide Angle
The government has extended the time frame for voluntary uniform code for pharma marketing practices (UCPMP) that prevents unethical operations such as drug makers offering favours to doctors to prescribe their medicines in return. "It has been decided that the UCPMP also covering the medical devices industry which was implemented with effect from January 1, 2015 for a period of six months and which was last extended up to June 30, 2016 is hereby extended till further orders," Department of Pharmaceuticals (DoP) said in a notification. The government had earlier this year said it was considering making the voluntary UCPMP compulsory. In July, Chemicals and Fertilizers Minister Ananth Kumar had admitted that voluntary UCPMP was not yielding the desired results. "We are contemplating of making it compulsory," Kumar had said. UCPMP aims to check unethical practice of many doctors who often prescribe a particular brand of medicine for personal gains. Besides, as per the code, the companies can extend funding ...
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ED functioning without a full-time director  18.9.2016 TOI: Home
The Enforcement Directorate is handling many sensitive cases pertaining to money laundering, including that of liquor baron Vijay Mallya, but the agency has been functioning with an ad hoc director for the last one and half years,
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PIL in Supreme Court seeks appointment of full time ED Director 17.9.2016 TOI: India
Enforcement Directorate is handling many sensitive cases pertaining to violation of fiscal laws and is probing cases of money laundering against liquor baron Vijay Mallya and various accused in coal and 2G spectrum allocation scams but the agency is functioning with ad-hoc director for the last one and half year, propelling an ex-IRS officer to move SC for appointment of full time director.
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Government comes out with new import policy for marbles, blocks 17.9.2016 ET: Policy
The Minimum Import Price (MIP) for marble blocks has been reduced to $200 per tonne to address the distortions associated with MIP.
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