News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC

MESSAGE BOARD

   

Unveil Comprehensive Strategy to tackle Black Money


REPORT OF COMMISSION andCOMMITTEE SHALL BE MADE PUBLIC WITHIN SIX MONTHS


It has become a routine to all governments to form Commissions/Committees to divert attention of the public from important issues. Even after submission of reports by a Commission/Committee, citizens are deprived of an opportunity to know the contents of the such reports on the plea that the government is yet to examine to take further action on such reports. And government does not examine, not to say about action, for years together and in the process formation of commission/committees and its reports fade away from memory of the public. And issues continue to bother and affect progress and development of country. Public at large cannot to force the government to act promptly on such reports. But the public at least t have right to know the contents of such reports since cost of such reports is borne by public. It is therefore necessary to provide a Rule that every report of Commission/Committee shall be made public within six months of its submission whether the government acts on it or not.
It is expected that the present Government , which has pledged for Swachh Bharat, will also swachh the dusting reports. And hope the reports submitted on Black Money by NIPFP, NCAER and NIFM are made public at the earliest.

V. G. IRKAL
Hospet

vasantirkal vasantirkal 29/08/2015

 

Back

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.