Lucknow: Seeking to fulfil his party's election promises, Uttar Pradesh Chief Minister Akhilesh Yadav on Friday made provisions for unemployment allowance, waiving farm loans and giving laptops to students in his maiden state Budget for 2012-2013. Amidst walkout by BSP, Yadav presented the Budget saying that he has inherited a shattered economy that has been marred by corruption. The Budget proposed no new tax, while listing several incentives for a...
03:50 AM, Jun 02, 2012
Chandigarh: The Haryana government on Friday said it will not reduce tax on petrol as the price of fuel is already less in the state in comparison to rates prevailing in neighbouring states. Chief Minister Bhupinder Singh Hooda on Friday said price of petrol in Haryana was already less as compared to neighbouring states. Hooda was replying to questions after presiding over a meeting of the state cabinet here today....
02:26 AM, Jun 02, 2012
New Delhi: Left leaders Prakash Karat, AB Bardhan and Sitaram Yechury on Thursday courted arrest along with a number of their supporters in central Delhi as part of their protest against petrol price hike. The protest was organised at Delhi Gate on Thursday morning and a number of demonstrators blocked traffic. Holding placards and shouting slogans against the government, the Left activists marches towards the Daryaganj Police Station where they...
12:50 PM, May 31, 2012
New Delhi: The nationwide bandh called by the NDA and the Left Front evoked a mixed response from across the country on Thursday. While the NDA states were hit by the Bharat bandh, there was a lukewarm response in the Congress-ruled states as they remained partially affected. Most of the protests have been peaceful till now, but sporadic violence has been reported from Maharashtra and Karnataka. In the BJP-ruled Karnataka,...
11:44 AM, May 31, 2012
New Delhi: JD(U) chief Sharad Yadav was detained on Thursday in Bihar while he tried to enforce the Bharat bandh. JD(U)'s women's wing also stalled traffic on rail route in Patna. BJP leader Mukhtar Abbas Naqvi also courted arrest in Delhi. He tweeted, "I am arrested, While taking part in protest program against Petrol price rise, @ akshardham." (sic). In Allahabad, Samajwadi Party workers, too, jammed the Delhi-Howrah rail route...
10:30 AM, May 31, 2012
New Delhi: The Bharat bandh against petrol price hike started affecting normal life across the country on Thursday. The protests even turned violent at some places with public transport being damaged. In Karnataka, three state-run buses were burnt and 11 others were damaged early on Thursday morning. Following this, the BMTC has suspended operations for now and will review the situation after a meeting. There were similar scenes in Pune...
09:30 AM, May 31, 2012
New Delhi: The Bharat bandh call by the NDA and the Left parties started affecting normal life on Thursday with the other parties joining the the protests. Rail traffic was hit as Samajwadi Party and JD(U) workers blocked rail routes in Allahabad and Patna. The Saket Express and Ganga Gomti Express were stopped in Allahabad. The bandh turned violent in Karnataka as protestors burnt three state-run buses and damaged 11...
07:40 AM, May 31, 2012
New Delhi: The government is likely to discuss and approve on Thursday the revised tax information sharing treaty between India and Sri Lanka, in its aggressive bid to hunt black money stashed abroad. "The India-Sri Lanka Double Taxation Avoidance Agreement (DTAA) is listed for tommorow (Thursday). The approval is for revising the terms of existing DTAA," a source said. In 2005, India had signed tax information exchange treaties with other...
10:24 PM, May 30, 2012
New Delhi: Providing comfort to worried foreign investors, Finance Minister Pranab Mukherjee on Wednesday said that the Income Tax Department will not reopen cases where assessment proceedings had been finalised before April 1, 2012. "I gave a commitment in Parliament with regard to retrospective amendments that CBDT (Central Board of Direct Taxes) will issue a policy circular to clarify that in cases where assessment proceedings have become final before first...
04:19 PM, May 30, 2012
New Delhi: The I-T department on Tuesday reportedly froze the bank accounts of Kingfisher Airlines, allegedly over part payment of dues. Sources said that the airlines had been slapped with a notice of Rs 342 crore. The airlines had to repay Rs 9 crore every week. KFA made a part payment of Rs 4.5 crore for two weeks. Since November 2011, the Service and Income Tax departments have frozen as...
05:10 PM, May 29, 2012
New Delhi: Amid widespread protests, Finance Minister Pranab Mukherjee will soon write to state chief ministers to consider cut in sales tax on petrol to partly neutralise the impact of the Rs 7.54-per-litre hike in the price of the auto fuel. "We are awaiting inputs from the Petroleum Ministry. The Finance Minister will be asking the state chief ministers to lower duties," an official said. Meanwhile, Uttarakhand, Kerala and Delhi...
03:29 AM, May 29, 2012
Mumbai: Sahil Peerzada has been summoned by the Mumbai Income Tax department just days after he was in the news in connection with the alleged molestation row in the Indian Premier League. The I-T notice for Sahil Peerzada is for an alleged gold fraud four years ago. Peerzada along with another man, Raees Khan, had allegedly defrauded a metal scrap trading corporate of Rs 464 crore. The gold fraud co-accused,...
01:33 PM, May 28, 2012
Jammu: Chief Minister Sheila Dikshit on Thursday indicated that Delhi government may consider cutting taxes on petrol to provide some relief from the hike in fuel price. "We will see what we can do," Dikshit told reporters when asked whether her government will reduce VAT on petrol. Dikshit, however, justified the steep hike saying oil companies were incurring huge losses and the hike was necessary. She is on a private...
01:30 AM, May 25, 2012
Thiruvananthapuram: A day after the petrol price hike, the Kerala government at a special cabinet meeting on Thursday decided to forgo the sales tax on petrol, reducing its price by Rs 1.63 per litre. "This will cost the exchequer Rs 218 crore," Chief Minister Oommen Chandy told reporters here. "I have also written to the prime minister, UPA chairperson and petroleum minister, saying that the hike will affect the people...
06:28 PM, May 24, 2012
New Delhi: Under pressure from its allies, the Opposition and the public over the steep hike in petrol price, the Congress has asked all its state governments to cut taxes on fuel prices. The move comes after the Opposition made it clear that it would launch nation-wide protests over Wednesday's Rs 7.50 hike in petrol price. If the Congress-ruled states follow the diktat, the states that are likely to benefit...
11:55 AM, May 24, 2012
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