-PTI The Bill permits felling and transit of bamboo grown in non-forest areas. However, bamboo grown on forest lands would continue to be classified as a tree. The Parliament on Wednesday passed a Bill to exclude bamboo from the definition of tree under the Indian Forest Act, claiming it would improve the earnings of tribals and dwellers living around forests. The Indian Forest (Amendment) Bill, which was adopted by the Lok Sabha on...
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Sliding GST collections may put pressure on government -Gireesh Chandra Prasad
-Livemint.com GST rate cut and lenient implementation of the tax reform has caused GST collection in December to slip to Rs80,808 crore, down 14% from August and 3% from November New Delhi: Things don’t augur well for the exchequer, with recent GST rate cuts and a lenient implementation of the goods and services tax causing collections to slide further in December, posing a challenge to the government. Total GST collection of the central...
More »25% of Swachh Bharat cess hasn't reached dedicated fund -Pradeep Thakur
-The Times of India NEW DELHI: During the last two years, the government collected more than Rs 16,400 crore as Swachh Bharat cess, meant to fund sanitation schemes, but the Comptroller and Auditor General (CAG) has pointed out nearly a quarter of the collection has stayed outside the dedicated fund. While collections through the 0.5% cess on all services was meant to be transferred to a non-lapsable Rashtriya Swachhta Kosh, over Rs...
More »Parliament panel okays bill to increase traffic fines by 10% every year -Moushumi Das Gupta
-Hindustan Times Drunken driving will invite a fine of Rs.10,000, talking on phones while driving will result in a fine of Rs.5,000, and for jumping red light, driving without seat belt and helmet, the proposed fine is Rs.1,000. A Parliamentary panel has agreed to a 10% annual increase in the fines for various traffic violations including drunken driving, talking on mobile, rash and negligent driving. The panel was studying the Motor Vehicles (Amendment)...
More »FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
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