-The Times of India NEW DELHI: The Comptroller and Auditor General (CAG) has protested with the finance ministry against the Goods and Services Tax Network (GSTN), a special purpose vehicle majority owned by private companies, refusing to give access to taxpayers data on its network for scrutiny and audit. The GSTN is a private limited company floated to aid the rollout of the new indirect tax regime. The company will provide information...
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Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha
-The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively. The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock...
More »Surveys on graft in courts can invite contempt case, says Supreme Court -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court has made it very risky for any organisation to publish a survey on alleged corruption in lower judiciary. The court said on Tuesday that the law permitted one or many trial courts to make a reference to a high court to launch contempt proceedings against those responsible for the embarrassing findings. This ruling came in an 11-year-old case filed by Transparency International India...
More »Bombay HC reprieve for Indira Jaising's NGO; orders defreezing of its domestic accounts -Shibu Thomas
-The Times of India MUMBAI: In a reprieve for Lawyers Collective, the NGO run by noted lawyer Indira Jaising, the Bombay high court on Monday by an interim order defreezed the non-FCRA/ domestic bank accounts of the organisation. Justice Mahesh Sonak, while admitting the petition filed by Lawyers Collective challenging the cancellation of its registration, also halted the Union government's directive to the charity commissioner to dispose off its assets. "The allegations...
More »Suicide by farmers is a sensitive matter, says Supreme Court
-PTI NEW DELHI: Supreme Court on Friday favoured a comprehensive national policy to protect farmers, many of whom have committed suicide due to rising debt and crop failures caused by natural calamities, terming it a "sensitive" matter of public interest and human rights. "It is a sensitive matter of larger public interest and human rights which covers the entire country," a bench comprising Chief Justice J S Khehar and Justice N V...
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