-The Financial Express Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...
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Total Matching Records found : 1968
Maheshwar dam power cost put at Rs. 10 a unit by Gargi Parsai
The worst fears of the Madhya Pradesh unit of the Narmada Bachao Andolan (NBA), have come true with regard to the high per unit cost of power to be produced by the controversial privately-owned Maheshwar hydro project in Madhya Pradesh: Information revealed through an RTI application shows that the private company developing the dam has projected the average cost of electricity to be produced at a whopping Rs. 10 per...
More »Rainy Days by Arti Sharma
Central pension plan NPS finally gets a boost The ‘New’ NPS Measure: Improve incentives for distributors. Has been recently implemented. Impact: Was required. But won’t be enough, need consumer education to build volumes. Proposal: Increase fund management fees with an option to lower later. Impact: Under consideration. But finance ministry unhappy with increase in costs. Proposal: Relax the norms to appoint more fund managers to increase distribution. Impact: Unlikely. At...
More »2G scam: Supreme Court details how Raja ignored all to help cronies
-The Times of India The SC order said quite clearly that then telecom minister A Raja "wanted to favour some companies at the cost of the public exchequer" and lists seven steps he took to ensure this happened. Here are the steps as the SC saw them: 1. After taking over as telecom minister, Raja directed that all applications received for UAS licences should be kept pending till receipt of the Trai's...
More »Budget 2012: Finmin seeks to blur plan-non-plan distinction by Devika Banerji & Deepshikha Sikarwar
The Planning Commission and the finance ministry are at odds over the accounting of plan and non-plan schemes in the budget. While the finance ministry is pushing for inclusion of more than 10 non-plan schemes in the planned budget for the next financial year, the Planning Commission is resisting the move as it would eat into the share of existing schemes. The commission's reluctance follows an expected cut or flat allocation...
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