-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...
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What are ordinances? -B Sundaresan
-The Hindustan Times The government has chosen the Ordinance route to put into force several legislative Bills over the past months. Many of these are expected to be tabled in Parliament in the upcoming budget session. HT explains four of them. What is an ordinance? As per Article 123 of the Constitution, when Parliament is not in session, the President has the power to promulgate an Ordinance - which has the same force...
More »Union Budget likely to provide big thrust to ‘Make In India’ -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The BJP government's 'Make in India' initiative could get top billing in the 2015-16 Union Budget with tax breaks and other measures for several sectors. Make in India is the centerpiece of the Narendra Modi administration's bid to revive manufacturing activities and create millions of jobs. With the Chinese economy slowing, India senses an opportunity in the industrial sector. A blueprint for the 25 identified sectors was...
More »Burdened by debts, farmer suicides mark Telangana's birth -Prasad Nichenametla
-The Hindustan Times Nalgonda/Warangal: Dasari Ramulu, 45, and Polaboyina Pochaiah, 35, are two of the 348 Telangana farmers, who committed suicide since June 2 when Telangana became a state. The reasons behind their decision are not unique - crop failures due to poor rains and a nonexistent irrigation system and debt burdens. The debt-to-death arithmetic is simple: Each attempt to get water through bore wells costs Rs. 1 lakh and cotton seeds...
More »Govt likely to repeal 987 outdated laws -Chetan Chauhan
-The Hindustan Times By his own admission, Prime Minister Narendra Modi is "happiest" showing the door to laws that are of no use. Accordingly, his government has put in motion a plan to repeal as many as 987 obsolete laws. The law ministry will bring a new bill in the winter session of Parliament to repeal 287 obsolete laws and junk about 700 Appropriation Acts that have lost...
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