-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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How NDA compares with UPA on government workforce
-HowIndiaLives.com/ Livemint.com The number of government employees under UPA I fell 2.7% and under UPA II rose 3.4%. In the four years of NDA, their count is projected to increase 7.2% by 2017-18 For a government whose stated calling card is “minimum government, maximum governance”, for a government battling to create jobs, its own house paints another picture: in four years under this Bharatiya Janata Party-led National Democratic Alliance (NDA), the number...
More »Farmer Sutra: Jaitley focuses on the rural sector
-The Hindu In a pre-election Budget, Finance Minister Arun Jaitley serves up a mix of populism and prudence With a clear eye on the Lok Sabha election, Union Finance Minister Arun Jaitley pulled out all the stops in the Narendra Modi government’s last full Budget to promise a better deal for farmers, boost the rural economy and make the poor less vulnerable to health exigencies. Responding to the distress in the agriculture sector...
More »Labour reforms: Maharashtra plans to tweak proposal to ease factory closure norms -Vishwas Waghmode
-The Indian Express Will include clause to protect rights of labourers during closure of factories, says labour minister Mumbai: Three months after it proposed to ease norms for closure of factories, the Maharashtra government is now planning to revise its proposal to make it easier for factory owners with less than 150 employees to close down, instead of the 300 employees as proposed earlier. The government said it would also include a...
More »FRDI Bill: Centre drags its feet in responding to House panel -AM Jigeesh
-The Hindu Business Line Joint committee likely to seek term extension New Delhi: If the pace at which the Joint Committee on the FRDI Bill has held proceedings is any indication, the Centre seems to have developed cold feet on getting the legislation passed. In January, the committee has had all but two sittings. The panel has a mandate till April 6, the last day of the Budget Session of Parliament, but sources...
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