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Indian News

Task force on Direct Tax Code submits report to FM Sitharaman

The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the country.The proposals in the draft code are aimed at bringing more certainty to taxation of personal and corporate income and capital gains, and at bringing the gist of numerous judicial pronouncements made since 1961, when the current tax law came into force, in one place for easy reference. It could improve ease of doing business and reduce the compliance burden as well as tax disputes.

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Health remains key challenge in India’s development: Ram Nath Kovind

“We are challenged by the triple burden of communicable, non-communicable and new and emerging diseases. Lack of access to health services, malnutrition and neglected tropical diseases place severe constraints on us. Our Government remains committed to tackle these through the flagship Ayushmaan Bharat programme and other health missions. Our problems are complex and intertwined with our larger socio-economic challenges,” he said while addressing a gathering on the occasion of the golden jubilee celebrations of the Mahatma Gandhi Institute of Medical Sciences (MGIMS) here.

 

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