-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...
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Plan panel asks states to hike power tariffs
-The Times of India The Planning Commission has asked states to hike electricity charges to not only save the ailing power sector but also use the subsidy to fund essential services like drinking water, education and health, which are essential for promoting inclusive growth. "The way the current situation (can) be handled is through some combination of tariff increase and serious efforts to reduce AT&C losses," Plan panel deputy chairman Montek Singh...
More »Court wants States, parties to be made accountable for violent stirs-J Venkatesan
-The Hindu The Supreme Court on Tuesday suggested that State governments and political parties be made accountable for the damage caused to public property during violent agitations. “The State governments can be asked to first pay for the damage caused to property and then recover it from the sponsors of such agitations, while the political parties initiating or sponsoring such violent stirs could be de-recognised,” observed a Bench of Justices G.S. Singhvi...
More »Maharashtra Bill provides for India’s first real estate regulator-Makarand Gadgil & Madhurima Nandy
-Live Mint The Maharashtra Housing Regulation and Development Bill passed by the state assembly on Monday paves the way for the establishment of the country’s first regulator for the housing sector. The Bill, which now goes to the state legislative council, aims to bring about transparency in the real estate sector and empower homebuyers. It also attempts to demystify some of the popular and often misused terms used in the sector, such...
More »Corporate funding to parties be channelled through Election Commission: Sitaram Yechuri
-PTI NAGPUR: Calling for corporate funding to political parties be stopped forthwith, CPI(M) Polit Bureau member Sitaram Yechuri today said instead the Money should be donated to the Election Commission which can use it to help the candidates in their poll campaigns. "The EC can help the candidates by providing them vehicles, fuel, drivers and also publish their posters and provide printed election material. This way all the candidates of respective parties...
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