-Hindustan Times New Delhi: The crackdown on black money is not over. With the scheme for voluntary disclosure of unaccounted for wealth now closed, tax officials have launched a drive to unearth hidden incomes and are looking at transactions carried out beyond a six-year ceiling under existing rules, sources said. “The tax department can scan transactions older than six years by invoking clause 197C of the Finance Act, 2016. This clause was introduced...

-Livemint.com Uttar Pradesh fared better under BSP rule than SP regime in economic activities In an attack against Bahujan Samaj Party (BSP) leader Mayawati, Uttar Pradesh chief minister Akhilesh Yadav, on Monday said that if the people of the state vote for development, they would elect the Samajwadi Party (SP) government again as it has outpaced the previous government on the development front. A quick analysis of some of the development indicators in...

-The Indian Express The NCC held that it is for the presiding member of the consumer forum to choose either of the methods to ensure its orders are not breached. New Delhi: IN A stern message to all builders, the National Consumer Commission (NCC) has held that officials of real estate firms can be arrested for failing to hand over flats or make refunds on time. Last week, the Commission bench, presided...

-PTI This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets To check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extraordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. “We have...

-FirstPost.com With changes in Power structure comes changes in policies. The human resource development ministry which witnessed a major change a couple of months back with the installation of Prakash Javadekar as the head and removal of Smriti Irani has taken up the task of changing rules and policies. The National Council of Educational Research and Training (NCERT) has advised the central government against scrapping the “no detention” policy, reported The Economic...