The Supreme Court dismissed the government’s review petition in the Vodafone tax case on Tuesday, affirming its January ruling that put overseas transfers of shares outside the Indian tax net. The review petition and last week’s budget proposals seeking retrospective changes have revived the uncertainty over tax laws, according to government officials, the Planning Commission and businesses. If Parliament passes the budget in its current form, the judgement in the Vodafone case...
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Rural service for medical students to be made compulsory from this year
-The Hindu Legislation in this regard likely to be in place by this month-end: Ramdas One year of rural service for medical students will be made compulsory from this year, Medical Education Minister S.A. Ramdas announced this at the graduation day of the first batch of the Bangalore Medical College and Research Institute (BMCRI) here on Saturday. As many as 148 candidates graduated on Saturday. Despite not receiving an enthusiastic response from the audience...
More »Soft drink increases risk of heart attack: Study
-PTI Drinking just one can of soft drink daily may increase risk of heart attack, claims a new Harvard study but experts in India are sceptical about the findings even as they agree that excess consumption of such beverages is dangerous for health. The study, which surveyed over 40,000 men in the US for over a period of 22 years, found that taking just one sugar- sweetened drink a day increase the...
More »GEAC, experts slip on basics? by Latha Jishnu
As the biotech industry takes heart from the prime minister’s remark, a fresh report shows India’s regulation and expertise on GM crops are sloppy BUOYED by the prime minister’s remark that NGOs were responsible for the moratorium on the release of GM or Bt brinjal, the biotech industry is stepping up its campaign to get it lifted along with “all constraints in the research and development work of biotech crops”. It...
More »Pranab banks on indirect tax hike-Ashok Dasgupta
Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...
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