User: prs Topic: Legal-News
Category: Acts-Central
Last updated: Jun 22 2017 23:34 IST RSS 2.0
 
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How will anti-profiteering help me when GST kicks in? Here's the lowdown 22.6.2017 ET: Policy
Keen to ensure that this benefit is passed on to consumers in the form of lower prices, the new framework provides for an anti-profiteering provision.
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Reserve Bank of India announces names of members of Overseeing Committee 22.6.2017 ET: Policy
RBI also said that the circular advising banks for the process to be followed for resolution of identified stressed assets within six months will be issued separately.
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Dr Jitendra Singh launches Online Software for Departmental Proceedings 22.6.2017 Govt of india: PIB
The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh launched the online Software for Departmental Proceedings, here today.
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Training of Trainers Programme on Capacity Building for Six Waste Management Rules (2016) - National Productivity Council 22.6.2017 Govt of india: PIB
The Ministry of Environment, Forests and Climate Change, Government of India has notified Six Waste Management Rules in year 2016.
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Aadhaar must for TB patients to avail govt aid 22.6.2017 TOI: India
The Union health ministry has made Aadhaar a compulsory document for tuberculosis patients to be able to avail treatment under the government’s Revised National Tuberculosis Control Programme (RNTCP).
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Harsh powers in hands of anti-profiteering authority 21.6.2017 DNA: Top News
Government ensures post-GST reduction of prices. On 18th June 2017, the GST council finalised the anti-profiteering rules 2017. As per the said rules where the a uthority determines that a registered person has not passed on the benefit of reduction in rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices, the Authority has been vested with powers to order cancellation of GST registration. Such draconian powers in the hands of Authority, if left unchecked, can lead to unforeseen issues in the GST regime.   The authority can also order reduction in prices or return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest at the rate of eighteen per cent from the date of collection of higher amount till the date of return of such amount. They have also been given powers to recovery of the amount including interest not returned in case the eligible ...
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Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017; Asks Secretaries of different Departments and CMDs of CPSUs to take full responsibility of their respective stake-holders and ensure the successful implementation of the GST. 20.6.2017 Govt of india: PIB
The Cabinet Secretary Shri P.K.Sinha today took a detailed review of the preparedness for the roll-out of Goods and Services Tax (GST) from 1st July 2017. In a Review Meeting attended by the Secretaries of 30 Ministries/Departments of the Central Government connected with GST, and video conferencing with CMDs/CEOs of about 167 Central Public Sector Undertakings (CPSUs) under their administrative control, the Cabinet Secretary asked all those involved to take full responsibility of their respective stake-holders, and ensure the successful implementation of the GST.
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Companies may lose their registration if they fail to pass GST benefits to you 20.6.2017 ET: Policy
The Anti-Profiteering Authority can order the reduction in price commensurate with the lowering of incidence of taxation under the new indirect tax regime.
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Press Brief about The Achievements of The Ministry of Water Resources, River Development and Ganga Rejuvenation During The Last Three Years 19.6.2017 Govt of india: PIB
A number of challenges in the field of water sector have been identified by Ministry of Water Resources, River Development and Ganga Rejuvenation. A few can be listed as bridging gap of Irrigation Potential Created and Irrigation Potential Utilised , over exploitation of ground water, flood management, drought resilience, conflict resolution, dam safety, reliable data availability, deteriorating water quality etc.
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Will take up Muslim quota bill with Centre: KCR 18.6.2017 TOI: India
Telangana chief minister K Chandrashekhar Rao on Sunday said his government will take up the bill providing 12 per cent reservation to Muslims, passed by the state legislature, with the Centre for its nod.
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UPSC Prelims 2017: Candidates questioned about GST, Hackathon and other schemes of Modi govt 18.6.2017 DNA: Opinion
Questions on Goods and Services Tax (GST), benami transactions and schemes run by the central government were asked in the civil services preliminary examination held today. The aspirants were also asked questions related to National Skills Qualification Framework (NSQF), 'Vidyanjali Yojana' and 'Smart India Hackathon', all of which are the NDA government's initiatives. Lakhs of aspirants appeared in the preliminary examination held across the country. "What is/are the most likely advantages of implementing Goods and Services Tax?" reads a question. The option for students to choose the correct answers included "it will enormously increase the row and size of economy of India and will enable it to overtake China in the near future". The second option was "It will drastically reduce the Current Account Deficit (CAD) of India and will enable it to increase its foreign exchange reserve". The third option given in the first paper of the test was "It will replace multiple taxes collected by multiple ...
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No-fly list norms likely in July first week: Govt 18.6.2017 TOI: India
As per the draft norms, the national no-fly list will include names of passengers identified as unruly after an inquiry by a committee constituted by a particular airline. A person identified as a threat by security agencies would also be included in this list.
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Central government to makes changes to empower differently-abled 18.6.2017 DNA: Money
The Centre will make a host of changes — on websites, buses, buildings, public transport, among others — for greater accessibility for the differently-abled. This includes publishing government documents in the electronic publication (ePUB) or optical character reader (OCR) based pdf format on portals, and rebuilding public buildings, buses and public transport systems to make them accessible to the differently-abled.  The changes, notified on Thursday, are part of the Rights of Persons with Disabilities Rules, 2017. The Rights of Persons with Disabilities Bill passed in 2016 increased the recognised categories of disabilities from seven to 21 forms of disabilities, and made those with over 40% disabilities eligible for state benefits such as reservations in employment, education, railway tickets, among others. The Bill, compliant with the United Nations Convention on the Rights of Persons with Disabilities, which was ratified by India in 2007, increased the existing reservation quota of 3% to 5%. As per ...
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Moving ahead for Child Labour Free India- Initiatives taken along with ratification of ILO Conventions on Child Labour 17.6.2017 Govt of india: PIB
The Minister of State for Labour and Employment (Independent Charge), Shri Bandaru Dattatreya briefed the press about the initiatives taken for Child Labour free India along with ratification of ILO Conventions on Child Labour in a press conference held in New Delhi, today. Shri Dattatreya i
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Aadhaar mandatory for new accounts, non-linking to make old accounts defunct from Dec 31 16.6.2017 DNA: India
The government has made quoting of biometric identity number Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of Rs 50,000 and above. Existing bank account holders have been asked to furnish the Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which the account will cease to be operational, according to a revenue department notification. The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes. The notification issued amending the Prevention of Money- laundering (Maintenance of Records) Rules, 2005, mandated quoting of Aadhaar along with PAN or Form 60 by individuals, companies and partnership firms for all financial transactions of Rs 50,000 or above. Tightening the rules for small accounts, which can be opened without having officially valid KYC documents, the amendment said such accounts - which can ...
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Supreme Court didn't see sinister intent behind Centre's Aadhaar law 16.6.2017 TOI: India
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No beef ban, will allow meat markets, says Centre 16.6.2017 DNA: Top News
The Centre has said it will allow meat markets under its recent rules that made it virtually impossible to buy cattle for slaughter. Meat markets will ensure that exports are not hurt, and may help tackle criticism that the new rules are to alter food habits with an indirect beef ban. There are foreign concerns regarding the origin of the meat, Additional Solicitor General PS Narsimha said after his appearance in the Supreme Court on Thursday. The top government law officer's comments come after the Union Environment Ministry's last month notification to prohibit cattle trade at open livestock markets for slaughter faced bitter protests, especially from the meat export industry and states such as Kerala, West Bengal and those from the North-East that permit cow slaughter. The Madras High Court also stayed the notification for four weeks. While the Supreme Court on Thursday did not intervene on the issue of the stay, it issued a notice to the Centre on a batch of petitions that challenge the ...
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Govt won’t be adjudicator in plaints against judiciary, law minister Ravi Shankar Prasad says 16.6.2017 TOI: India
“As far as the issue of corruption in the judiciary is concerned, the government does not wish to be an adjudicator. Any issue of impropriety must be addressed to the judiciary. The larger issue of impeachment (of a judge) will be dealt with by Parliament,” law minister Ravi Shankar Prasad said on Thursday.
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Govt may ease cattle trade rules to allay ban fear 16.6.2017 TOI: Home
The distinct areas for milch animals and older, sometimes infirm, cattle meant for slaughter could address concerns that farm livestock get mixed with less healthy animals in cattle trade marts as well as concerns that the rules have acted to reduce the supply of meat and impose a dietary code.
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Cabinet gives green signal to bankruptcy framework for financial sector 15.6.2017 ET: Policy
It will help resolve insolvency in entities such as banks and insurance cos, a key element in one of the most significant reform initiatives of Modi govt.
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