-The Telegraph The obvious question: if the cash withdrawal isn’t designated as “income”, how can you tax it under the “income” tax act? The Narendra Modi government has left tax consultants and legal eagles deeply puzzled as they try to wrap their heads around the legalese of a change to the income-tax act. The change, incorporated in the budget presented by Nirmala Sitharaman and amended afresh on Thursday, mandates Banks to deduct a...
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Assam floods: 26 lakh people affected as heavy rains cause deluge, Tripura, Meghalaya also affected
-India Today Deluge has claimed lives of at least 11 people in Assam and has affected the lives of nearly 26.5 lakh people. * At least 26 lakh people have been affected by floods in Assam * 10,000 people of two districts of Tripura have been rendered homeless * In Meghalaya, rising water-level in two rivers has life thrown out of gear for 1.14 lakh Heavy rains continued to wreak havoc in north-eastern states of...
More »Pradhan Mantri Awas Yojana-Urban: Banks delaying subsidies, admits government
-The Hindu Complaints being addressed: Minister. New Delhi: The government has received complaints of Banks either not sanctioning or delaying disbursement to applicants of the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana-Urban, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri admitted in the Rajya Sabha on Wednesday. Under the scheme, applicants of economically weaker section (EWS), low income group (LIG) and middle income group...
More »CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA
-Press release by NREGA Sangharsh Morcha and Peoples' Action for Employment Guarantee (PAEG) dated 9 July, 2019 Even as many parts of the county suffer from drought, the new government at the centre has allocated a mere Rs 60,000 crores for the National Rural Employment Guarantee Act (NREGA) for the ongoing financial year. This is Rs 1,084 crore less than the revised budget estimate for 2018-19. Expenditure would have been much...
More »Rajya Sabha clears bill on voluntary use of Aadhaar as ID proof -Shreya Nandi
-Livemint.com * The law ensures that no one is denied any service for not having Aadhaar as ID proof * An Aadhaar holder can now opt for offline verification through QR code with consent The Rajya Sabha on Monday passed The Aadhaar and Other Laws (Amendment) Bill, 2019, allowing voluntary linking of the 12-digit identification number as part of know your customer guidelines to open bank accounts or get a mobile connection. The law...
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