-The Hindu Business Line No special treatment for political parties, clarifies Jaitley New Delhi: Political parties registered with the election commission may not necessarily escape scrutiny of their returns with regard to deposits of old demonetised notes just because they are exempted from taxation under Section 13 A of Income Tax law. For political parties to gain exemption under Section 13 A, certain conditions have to be met. Also, there are "enough provisions" in...
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Kejriwal demands probing of source of political parties' funds
-PTI Delhi Chief Minister Arvind Kejriwal on Saturday demanded setting up of a commission to probe source of funding of political parties. He also questioned the central government’s decision to exempt political parties from paying Income Tax while depositing old 500 and 1,000 rupee notes. He sought to link the Centre’s tax exemption decision to the meeting between Prime Minister Narendra Modi and Congress vice-president Rahul Gandhi on Friday, suggesting the announcement was...
More »No estimation of black money either before or after Nov 8: Arun Jaitley
-PTI There is no official estimation of black money either before or after November 8 – the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said on Friday. “There is no official estimation of the amount of black money either before or after the government’s decision of November 8, 2016 declaring that bank notes of denominations of the existing series of the value...
More »8 out of 9 preliminary enquiries into Radia Tapes closed: Government
-PTI NEW DELHI: Eight out of nine preliminary enquiries (PEs) have been closed by the CBI in its probe into the infamous Radia tapes, which led to a storm in political, business and bureaucratic circles in 2010. Replying to a written question in the Rajya Sabha, Minister of State for Home Hansraj Gangaram Ahir said nine PEs had been registered by the CBI in its probe in the Radia tapes, pursuant to...
More »R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)
-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...
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