-Livemint.com/ PTI Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks To facilitate the privatisation of public sector banks, the government is likely to bring Amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said. These Acts...
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Put Electricity Amendment Bill in Public Domain: Power Engineers Federation
-PTI/ Newsclick.in The draft Bill, listed to be tabled in Parliament in the current session, is not available on the power ministry website, AIPEF’s V K Gupta said. New Delhi: The All India Power Engineers Federation (AIPEF) has demanded that the draft Electricity (Amendment) Bill, 2021 must be put in the public domain before starting a discussion on the same. The AIPEF shot off a letter to the Prime Minister on Friday last...
More »Out of court
-The Indian Express Supreme Court's attempt to resolve government-farmer problem over new laws creates problems of its own Forty-eight days of protest and eight rounds of Centre-farmers talks later, the Supreme Court has stepped in, and with all due respect, has overstepped the line. It has taken into its hands a political problem that was, that still is, the government’s to negotiate and resolve. The apex court’s interim order on Tuesday —...
More »Farmers Tell Govt Nothing Less Than Repeal of 3 Farm Laws Acceptable, 8th Round of Talks Fail -Tarique Anwar
-Newsclick.in The farmers’ unions also rejected the government’s proposal to take the matter to the Supreme Court saying that “this is a political matter and it will be resolved politically”. New Delhi: “We will either die or win. We will return home only when you withdraw the (three) laws,” farmer leaders told the government in clear terms on Friday afternoon (January 8) during eighth round of talks held at Vigyan Bhawan for...
More »Higher income tax deduction on NPS likely for private sector employees
-Livemint.com Under the current income tax laws, if an employer is contributing towards the employee's NPS account, a deduction up to a certain percentage of salary qualifies for income tax deduction In the Budget 2021, tax experts expect the government to fix some anomalies in the NPS with regard to income tax benefits. They say that this will help in increasing the attractiveness of the National Pension Scheme. "For contribution towards Tier I...
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