The government introduced a retrospective clarification to the Income-Tax (I-T) Act, 1961, virtually amending the law to ensure that cross-border transactions such as the $11.08 billion (around Rs55,735 crore today) Vodafone-Hutchison deal are taxable. The Supreme Court had ruled this deal as not being taxable in India. The amendment becomes crucial because a review petition by the government on this case is pending before the Supreme Court, which might now have...

-The Hindu   5.6 per cent of the households now comprise single couple There is a quantum jump in the number of families going nuclear in Andhra Pradesh in just about a decade (2001-2011) with 75.6 per cent of the households now comprising single couple, indicating a major societal shift from the traditional joint family system, Census 2011has revealed. The rate at which families are turning nuclear in the State could be gauged from...

-PTI About 58.8 per cent of households in Maharashtra have TV sets while 13.3 per cent have computer/laptop and 69.1 per cent have telephone/Mobile in their households, as per the data on "housing, amenities and assets" in the 2011 census. The respective figures at national level are 47.2, 9.5 and 63.2 per cent, Ranjit Singh Deol, director Census operations, Maharashtra, told reporters in Mumbai. The share of households having two wheelers is 24.9...

-PTI The UIDAI's Aadhaar project for providing unique identity numbers to residents, has huge potential to improve the delivery of social sector schemes like rural employment guarantee, the Economic Survey 2011-12 said. "Aadhaar has huge potential for improving operations and delivery of services," the survey said. The Unique Identification Authority of India (UIDAI), attached to the Planning Commission, is engaged in providing residents in the country a Unique Identification number (called Aadhaar) linked...

Finance minister Pranab Mukherjee ushered in a regime of cash transfers for the payment of subsidies for food, fertilizers and kerosene, along with social welfare payments, by accepting the recommendations of a panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. The recommendations, submitted last month, had prepared a blueprint for transferring cash directly into the bank accounts of the beneficiaries by linking these to their unique...