ECONOMY & NATION


Delhi Chief Minister Arvind Kejriwal met Lt. Governor Najeeb Jung on Tuesday for the first time after a stand-off began between the two over postings and transfers of bureaucrats.   The meeting took place a few hours before the start of Delhi assembly's emergency session called to...

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The Justice A.P. Shah-led three-member committee on direct tax matters held its first meeting on Monday on the applicability of the controversial minimum alternate tax (MAT) on Foreign Institutional Investors (FIIs) for previous years.   An official source told IANS on late Monday...

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Supreme Court calls a halt to this obnoxious practice   Our slow and creaky judicial system can sometimes create ironical situations. It was 12 years ago that a publicity blitzkrieg unleashed by the BJP-led, NDA government agitated the Common Cause, a consumer organisation. It filed a...

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Amit Kapoor (IANS) 26 May 2015
Development, industrialization and jobs are intrinsically linked to entrepreneurship   The Narendra Modi government completed one year in office on Monday (May 25). One of the centerpieces of why the BJP-led NDA dispensation came to power was is its focus on development and...

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The Karnataka government would allow Enforcement Directorate (ED) to investigate the lottery scam if it had an inter-state fallout, Home Minister K.J. George said Monday.   "We are ready to hand over the lottery scam to the ED for further investigation if it (scam) had spread to other...

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Mitra's lawyers sought the minister's bail citing medical reasons   A city court on Monday turned down the bail plea of West Bengal Transport Minister Madan Mitra, arrested in the multi-crore rupee Saradha chit fund scam.   City sessions judge Kallol Das rejected Mitra's bail...

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Nidhi Bothra  and   Shruti Agarwal 25 May 2015
The framework will certainly pose many hassles even for the business houses, as some of the items mentioned in the list are only early warning signals, which cannot be treated as fraudulent in nature, unless proved   The Reserve Bank of India (RBI) vide a notification dated 7 May 2015...

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Rakesh Nangia  and   Rahul Jain 25 May 2015
The unwarranted amendment in Section 263, empowering the Income Tax Commissioner to disrupt settled assessments based on personal opinion will adversely affect the fragile business environment in India and lead to fresh litigations   Consider this – the assessment in your case gets...

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Finance Minister Arun Jaitley on Monday asked the Income Tax department to squeeze the parallel economy, also called black economy, in a fair manner without being harsh.   "The parallel economy has to be squeezed and this has to be done in a very fair manner, not in a harsh manner. In...

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Finance Minister Arun Jaitley on Monday asked the Income Tax department to squeeze the parallel economy, also called black economy, in a fair manner without being harsh.   "The parallel economy has to be squeezed and this has to be done in a very fair manner, not in a harsh manner. In...

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Prachi Salve (IANS) 25 May 2015
Apart from India, the graduation model was tested in Ethiopia, Ghana, Honduras, Pakistan and Peru by researchers from the Abdul Latif Jameel Poverty Action Lab (J-PAL) of the Massachusetts Institute of Technology (MIT) in Boston, US   Some interventions in day-to-day living have led...

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Biswajit Choudhury (IANS) 25 May 2015
On corruption, which was a major electoral plank for the Bharatiya Janata Party in the run-up to the elections last year, more than 60 percent of the people polled felt the levels have either increased or seen no improvement, and just 12 percent agreed that graft has...

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The swearing-in ceremony of AIADMK general secretary J.Jayalalithaa as chief minister and her council of ministers here on Saturday caused a controversy after a very short version of the national anthem was played on the occasion.   Before the swearing-in ceremony, it was announced...

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Sreeparna Chakrabarty (IANS) 23 May 2015
After the NDA's victory and the complete decimation of the UPA-II in the 2014 polls, the Opposition was stunned into inaction   The Modi government's first year in office and its brute majority has spurred the Opposition on instead of crushing it. Increasingly, the ruling party has...

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Anjali Ojha (IANS) 23 May 2015
With banking schemes like Jan Dhan Yojana, mass movement programmes like Swachh Bharat Abhiyaan, and social movements like Beti Bachao, the government says no sector has been left untouched in its commitment for inclusive development   The year-old Narendra Modi-led government says...

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Depreciation in dollar value, interest payments on securities held by the apex bank in non-dollar currencies and the rich payouts for its participation in the forwards trading market led to an exponential rise in India's foreign exchange reserves.   According to the data furnished by...

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AIADMK general secretary J. Jayalalithaa was sworn-in as the chief minister of Tamil Nadu for the fifth time on Saturday, within a fortnight of the Karnataka High Court acquitting her in a corruption case.   Jayalalithaa, 67, was administered the oath of office and secrecy by Governor...

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Aparajita Gupta (IANS) 22 May 2015
There are around 255 operational malls in the top seven cities of India including Delhi, Mumbai, Pune, Bangalore, Kolkata, Chennai and Hyderabad   With 95 operational malls in an around Delhi, the National Capital Region has emerged as the mall capital of India but only 12 of them are...

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On Friday, Congress spokesperson Durgadas Kamat alleged that the former archives and archaeology minister posted a new Facebook profile photo on Thursday night   The Congress has asked the police to trace convicted former Goa minister Francisco Pacheco, who has been dodging arrest for...

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Fed up of what they call government's "indifferent attitude", the Rs.60,000 crore per annum metal trading industry headquartered in Mumbai has decided to desert Maharashtra for Gujarat, a top official said here on Friday.   Metal and Stainless Steel Merchants Association (MSSMA)...

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