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Showing posts with label Modi government. Show all posts
Showing posts with label Modi government. Show all posts

Tuesday, December 16, 2014

Modi government to come out with six-month 'report card'

The six-month report, being prepared by different ministries, is expected to showcase policy initiatives like 'Jan Dhan Yojana', 'Make in India Campaign' and 'Kisan Vikas Patra' among others.
  
According to sources, the ministries have been given the month-end deadline to submit details of their achievements in the form of an e-booklet and a video clip.
  
Though the government has not yet decided how it would like to showcase its six months achievements before the nation, the emphasis would be to mass-scale publicity at the grass-root level.

Source: Hindi News and Newspaper

Wednesday, November 26, 2014

427 foreign bank account holders identified, says Arun Jaitley

Replying to a debate on black money in the Rajya Sabha, he said the government will "pro-actively chase" those having black money and will not rest till the last account is identified.
   
Bringing back black money stashed abroad is a procedure which will take time, he said while responding to attack by Opposition which questioned non-fulfillment of the poll promise of BJP leaders of getting the illicit money back in 100 days.
   
He, however, did not respond to the Opposition attack on Prime Minister Narendra Modi for reportedly saying in the run up to elections that each person will get Rs 15-20 lakh if all the black money is brought back.
   
Members of Congress, Trinamool Congress, JD(U), Samajwadi Party and CPM, staged a walkout even before Jaitley could conclude his reply.
   
During the discussion in both Rajya Sabha and Lok Sabha, Congress alleged that BJP had "sold lies" and misled the nation for which the government should apologise.
   
Spelling out the steps being taken by the government, Jaitley referred to the HSBC list of 627 account holders, received by the government and said identity of 427 of them has been established. 250 of them have admitted to having accounts, making the government's task easier, he added.
   
Replying to opposition criticism, he said, "We have done more in 100 days than what other governments had done."
   
The confidentiality clause prevents disclosure of names of foreign account holders unless prosecution is launched against them in a court of law, he noted.

Source: News in Hindi And Newspaper

Apologise if you can't fulfil black money promise: Opposition to government

Initiating a discussion on black money, deputy leader of Congress Anand Sharma said that when the BJP leaders were in the opposition, they had "misled" the country by making tall promises of bringing back the black money stashed away abroad.
  
Sharma said Prime Minister Narendra Modi, during BJP's poll campaign, had claimed that black money was to the tune of Rs 85 lakh crore.
  
He said Modi had also said that black money stashed abroad is equal to five Union budgets and that it was enough to put Rs 15 lakh in the account of all Indian citizens.
  
The Congress leader said that after assuming office, there has been a change in stance of the Prime Minister and now the quantum of black money is no longer known.
  
"Today, November 26, 2014, exactly six months after the government has taken over, there is a three sixty degree turn on the issue...Earlier everything was known, now nothing is known," Sharma said.
  
He claimed that leaders of the ruling party were "neither sincere nor serious" in their talk about black money earlier.
  
Taking a dig at BJP's election slogan, he said "achche din (good days)" have come and people are waiting for Rs 15 lakh to be put in their accounts as promised to them.

He said that then BJP chief Rajnath Singh, now the Union Home Minister, had said that if BJP is voted to power, black money would be brought back within hundred days.
  
Sharma claimed that the UPA government had done a lot of work on the issue of black money. "What additional information has the government got in the last six months apart from the information that the UPA was able to obtain," he asked.
  
He asked the government to act and fulfil the poll promises and if they cannot they should apologise to the people saying, "We sold lies but now we will try as a government."

Source: News in Hindi And Newspaper

Monday, November 24, 2014

Winter Session: Reforms Bills in trouble as Opposition planning to corner BJP

Opposition parties like Trinamool Congress and JD-U are also seeking to corner the government on the issue of black money as they gave notice for suspension of Question Hour in Rajya Sabha on Tuesday to discuss this issue.
  
The opposition is likely to create hurdles in the passage of key legislations in the Upper House, including the labour reform bill, that has been listed for consideration and passage on Tuesday.
  
The Winter session started today but no work was transacted as both Houses were adjourned after paying tributes to sitting members who have passed away recently.
  
Keeping government on tenterhooks, Congress said there is "no blank cheque" on support to Insurance Bill and Goods and Services Tax (GST) Bill as "devil lies in the details".
  
Party spokesperson Abhishek Singhvi said GST is "entirely a Congress baby" and in principle it has "no reason to jettison" it. However, it is "subject to nitty gritty" as his party is not aware whether the bill is brought in the same form as was done by the UPA, he added.
   
About the Insurance Bill that provides for raising FDI cap to 49 per cent from 26 per cent, Singhvi remained non-committal, saying "it is dangerous to speak in abstract".
  
To a specific question on whether the Congress will accept the recommendations of the Select Committee of Rajya Sabha which is examining the Insurance Bill, he said, "Parliamentary panel reports are not binding on Parliament, either the ruling party or the Opposition. Parliament is supreme."
  
JD(U) and Trinamool are also opposing and trying to forge unity on the issue.
  
JD-U leader K C Tyagi said his party is against the Insurance Bill and has certain reservations on some provisions of the labour reform bills.
   
He said efforts are on to put up a united opposition in the Upper House on certain key issues and talks are on between various parties including the Left in this regard.
   
Trinamool Congress is also strongly opposed to the Insurance Bill.
  
BSP chief Mayawati, on the other hand, hinted that her party may not "unnecessarily" oppose the bill to hike FDI cap in insurance sector in Rajya Sabha.
     
The Insurance Bill is currently with the Select Committee of Parliament. Two BJP members -- J P Nadda and Mukhtar Abbas Naqvi -- are out of the Committee since they have become ministers and their vacancies are to be filled on Tuesday.
  
The motion to nominate replacements to them in the committee is expected to face rough weather in the wake of protests by Trinamool Congress, JD-U and others opposing the hike in FDI in insurance sector.
   
In a meeting of the Business Advisory Committee (BAC) of Rajya Sabha, government today expressed its keenness to get the labour reform bills passed in the Upper House during the week.
   
JD-U member K C Tyagi and Trinamool MP Derek O'Brien gave the notice to Rajya Sabha Chairman Hamid Ansari for suspension of Question Hour on Tuesday to discuss black money issue. Some others are likely to follow.
   
"Black money was one of the key poll planks in the Lok Sabha elections on which BJP won, but the government has done nothing on this count in the last few months since it came to power. We want a threadbare discussion on this. I have given a notice on behalf of JD-U for a discussion on the issue after suspension of Question Hour on Tuesday," Tyagi said.
   
The government has listed the Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by certain Establishments) Amendment Bill, 2011, and the Apprentices (Amendment) Bill, 2014 for consideration and passage in the Upper House.

Source: News in Hindi And Newspaper

Saturday, November 1, 2014

Coal unions protest 'privatisation' move; to strike on 24th November

The steering committee of the central trade unions met at Ranchi and served a joint notice on the token strike in the coal industry including Coal India and Singareni Collieries, Secretary General of Indian National Mine Workers' Federation S Q Zama said.
  
The call for the strike, which coincides with the opening day of Parliament, came ten days after the government issued an ordinance to e-auction coal blocks enabling private sector firms, barring those convicted for offences related to mines allotment, to bid. The Coal Mines (Special Provisions) Ordinance 2014, got Presidential nod on October 21.
  
The unions, which also included INTUC, CITU, AITUC and HMS, demanded scrapping of the enabling clause for commercial mining by private players and stopping of further disinvestment and restructuring of CIL.
  
The unions are also seeking first preference to CIL and its subsidiaries before auctioning of any coal block, besides steps to revive units like Dankuni Coal Complex, CIL subsidiary Central Mine Planning and Design Institute Limited (CMPDIL) and Assam's North Eastern Coalfields.
  
Left parties have also opposed the ordinance, with AITUC General Secretary Gurudas Dasgupta earlier saying the decision of the government on coal blocks "has a covert implication. It is a back-door entry for taking over the entire coal sector by the private corporates".
  
All India Coal Workers Federation General Secretary Jibon Roy had also warned of nationwide protests if the government implemented any enabling provision to allow commercial mining by private companies.
  
The Supreme Court had last month quashed allotment of 214 coal mines to various companies since 1993 on the ground that they were done in an illegal manner by an "ad-hoc and casual" approach "without application of mind".
  
Allocation of coal blocks became a political issue after Comptroller and Auditor General alleged arbitrariness and absence of any criteria in the screening process and pegged notional loss to the exchequer at Rs 1.86 lakh crore.

Wednesday, October 29, 2014

I-T department to prosecute about 300 foreign bank account holders

Officials said the department has informed the Special Investigation Team (SIT), constituted to go into the issue, to allow it to start the "first step of prosecution" under two sections of the Income Tax Act.
   
Prosecution is being sought under Section 277 (false statement in verification) and 276 D (failure to produce documents) so that the department can share information with other enforcement agencies like the ED and CBI, they said.
  
The sources said the department has already realised Rs. 200 in taxes and penalties from some of these account holders who have accepted to holding these accounts abroad.  There could be another Rs.200 crore to Rs.300 crore in taxes and penalties that could be realised from the others, they said.
  
"The list of 627 Indians submitted to the apex court today has close to 300 people against whom prosecution action can be launched soon. Basic prosecution, at least under select sections of the I-T Act. While some 120 cases are already under prosecution these fresh individuals and entities can also be booked based on prima facie evidence gathered by tax sleuths," sources said.
  
They said this will enable the SIT to hand over some vital information to agencies like Enforcement Directorate and CBI who could take action under their mandates and the laws that they enforce.
  
International and bilateral treaties allow a member nation to share such information obtained by one agency with others only at the stage of prosecution or when the matter is in the purview of courts of the land.
  
"The SIT has agreed to this and we expect to file new prosecutions sooner than later. In these 300 cases the I-T department has some evidence," they said.
    
Officials said these cases pertain to the years 1999-2000 and they will get "time barred" by March 2015 and hence there is "no time to loose" for the authorities.
    
Sources privy to the contents of these lists said there are a number of "established" cases where the foreign account is genuine and has been reflected in tax statements filed by the individual or entity.

Source: News in Hindi and Newspaper

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