Policy
India among over 90 nations without paid paternity leave for new dads: UNICEF
India is among almost 90 countries in the world without national policies in place that ensure new fathers get adequate paid time off with their newborn babies, according to a new UNICEF analysis. Almost two-thirds of the world's children under one year old – nearly...
Govt to push wage code, table social security code in Monsoon Session
New Delhi: Labour Minister Santosh Gangwar on Wednesday said the Wage Code Bill 2017 would be pushed for passage while the Labour Code on Social Security Bill 2018 would be tabled for consideration in the monsoon session of Parliament. “The Standing Committee on Labour has...
Here're the key tax changes that will come into effect from April 1, 2018
New Delhi: Several budget proposals including the reintroduction of the tax on long-term capital gains(LTCG) exceeding Rs 100,000 from the sale of shares will kick in from April 1, the beginning of the 2018-19 financial year. Besides, other tax proposals like reduced corporate tax of...
Govt notifies new accounting standard, effective April 1
New Delhi: Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The Corporate Affairs Ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the new financial year,...
Hashmukh Adhia, finance secretary
Reinsurance of PM Fasal Bima Yojana & other major social security schemes exempted from GST
Mumbai: Government has announced that the GST Council has decided to exempt GST(Goods and Service Tax) in the reinsurance deals of some of the major social security schemes like Prime Minister Fasal Bima Yojana(PMFBY), Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJY), Pradhan Mantri Jan Dhan Yojana(PMJDY),...
SC questions aggregation of personal data under Aadhaar scheme
New Delhi: If you just have to identify the citizens, what is the need to centralise and aggregate their personal data under the Aadhaar scheme, the Supreme Court asked the Centre today. The Centre, in turn, urged a five judge constitution bench headed by Chief...
LS passes bill on damages for breach of contract
New Delhi: A bill proposing to grant a party the right to seek damages from the other side in case of a breach of a business contract and to reduce discretion of courts in such matters was passed by the Lok Sabha today amid din. ...
SC indefinitely extends March 31 deadline for mandatory linking of Aadhaar with various services
New Delhi: The Supreme Court on Tuesday indefinitely extended March 31 deadline for mandatory linking of Aadhaar with various services. On December 15 last year, the apex court had extended till March 31 the deadline for mandatory linking of Aadhaar with various services and welfare...
No plan at present to have all electric car fleet by 2030: Govt
New Delhi: There is no plan under consideration at present to have all vehicles electric powered in the country by 2030, Parliament was informed on Tuesday. “There are, at present, no plans under consideration of the Department of Heavy Industry to make all vehicles in...
Government open to raising deposit insurance cap of Rs 1 lakh: Arun Jaitley on FRDI Bill
NEW DELHI: Finance Minister Arun Jaitley today assured the Rajya Sabha that the government is considering putting in place a "much better" security measure for bank depositors and is open to suggestions for raising the deposit insurance limit from Rs 1 lakh currently. The finance...
