-Scroll.in Non-profit organisations will now have to renew their registrations under the Income Tax Act every five years. On February 1, when Finance Minister Nirmala Sitharaman introduced the Budget in Parliament, she presented a number of amendments under the Finance Bill 2020. Some of these alter the validity of registrations granted to Indian non-governmental organisations. The Bill, which will come into effect on June 1, amends certain sections under the Income Tax...

-The Hindu Concerned over time and quantum of funds to be devolved over the years Even after the Centre accepting the Union Finance Commission’s revenue deficit grant award of Rs. 74,000 crore, the State government is concerned over the time and quantum of funds to be devolved over the years. The concern is largely based on the Centre’s practice of slashing the grant progressively in the previous years. Citing financial constraints, if the...

-Financial Express Budget 2020: The direct budgetary aid would be in the form of a grant equivalent to the equity capital of each FPO. Budget 2020: The government will likely announce a five-year scheme in the upcoming Budget, entailing a total support —both budgetary and indirect —of Rs 7,000-10,000 crore to honour its pledge of creating 10,000 farmer producers’ organisations (FPOs) and help boost their agricultural income. The direct budgetary aid would be...

-PTI A division bench of Justices SC Dharmadhikari and RI Chagla was hearing a public interest litigation seeking release of grants to Bai Jerbai Wadia Hospital for Children and Nowrosjee Wadia Maternity. MUMBAI: The Bombay High Court on Thursday came down heavily on the Maharashtra government for dragging its feet over financial aid to Wadia Hospitals for women and children, and said the government has money for statues but not for public...

-The Hindu PM Modi must address the concerns about the CAA instead of misinterpreting them Prime Minister Narendra Modi’s statement that the Citizenship (Amendment) Act, 2019, or CAA, 2019, intended only to grant citizenship to a certain class of people, and not to deny citizenship to anyone is factually accurate. But his extrapolation that hence the Act’s critics are misinformed is unfounded and misleading. The concern expressed by many is not that...