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India Inc's coffers opened up for political parties

-The Hindu Business Line Aadhaar mandatory for applying for PAN; filing IT returns New Delhi: India Inc can make donations to political parties without any fetters now that the amendments to the Finance Bill, passed in the Lok Sabha on Wednesday, have removed the existing cap of 7.5 per cent of their average net profits for last three financial years. The amendments include reduction to the limit for cash transactions to Rs. 2...

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Direct transfer, 2 lakh sale points: Big fertiliser subsidy reform rollout in June -Harish Damodaran

-The Indian Express Under the proposed system, payment of subsidy is to be based on weekly settlement of claims from actual sales data captured on POS machines. Buoyed by its landslide win in the recent Uttar Pradesh assembly elections, the Narendra Modi government has decided to fast-track the implementation of the direct benefit transfer (DBT) system for payment of fertiliser subsidy to farmers. From the coming kharif season, beginning June, the Rs...

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I-T shames defaulters, but most are 'untraceable'

-The Times of India NEW DELHI: In its drive against tax defaulters, the income tax department published a full-page advertisement in newspapers on Saturday naming 29 individuals and companies, asking them to `pay tax arrears immediately'. Many of these entities are `not traceable' in the department's records or have no assets to recover. The total arrears against them amounts to around Rs 448 crore. It seems the biggest tax defaulters are yet to...

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Land acquisition may not be a zero sum game, two new studies show -Subhomoy Bhattacharjee

-Business Standard Land acquisition cases take on an average 20 years to navigate the courts Within three years of the framing of the new land law by the Centre, as many as 280 cases have landed in the Supreme Court using the window the law provides to challenge pending acquisitions. Yet land switching from farming to industry need not be a zero sum game as two key studies on land released last...

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Agriculture ministry keeps Bt cotton seed prices unchanged for Kharif season -Sayantan Bera

-Livemint.com An agriculture ministry notification issued last week said the maximum sale price of BG-II Bt cotton will be Rs800 per 450gm packet of seeds New Delhi: After a reduction in the retail price and royalty fees of genetically modified (GM) Bt cotton seeds last year, the agriculture ministry has kept prices unchanged for the upcoming Kharif crop season. According to a notification issued by the farm ministry on 10 March, maximum sale...

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