-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
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11 crore PAN holders, only 3.5 crore file tax returns
-Deccan Herald Out of 11 crore PAN Card holders, only 3.5 crore file Income Tax returns Concerned over tax collection not keeping pace with the growth in income and wealth, a Parliamentary Standing Committee has recommended that the tax department should encourage PAN card holders libel for tax to file their income tax returns. The committee, in its latest report tabled in Parliament, said that the Permanent Account Number (PAN) has been allotted...
More »Rs 1,000 crore Nirbhaya fund remains untouched -Himanshi Dhawan
-The Times of India NEW DELHI: It has been a year since Nirbhaya shook the country's conscience with her courage in the face of the brutal gang-rape on the night of December 16. However, the government is yet to shake off its lethargy and has not spent a rupee from the much-touted Rs 1,000-crore Nirbhaya fund. The fund was announced by the Centre with much fanfare in the Union Budget earlier this...
More »'Savage' fund cut by Chidambaram's babus have Jairam seething -Subodh Varma
-The Times of India As the clock ticks towards the general elections in a few months time, a major crack appears to be opening up in the government. The mandarins of Finance ministry - presumably with the sanction of Finance minister P Chidambaram - have proposed huge cuts amounting to over Rs 20,000 crore in spending on popular flagship schemes like the employment guarantee scheme, the rural housing scheme, the village...
More »No rethink on subsidised LPG: Moily
-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
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