Daily Archives: December 11, 2018

Direct tax collections surge 15.7% in Apr.-Nov.

Direct tax collections

Gross direct tax collections surged 15.7% to Rs. 6.75 lakh crore for April-November, the finance ministry said in a statement on Monday. Refunds worth Rs. 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8% higher than refunds issued in the same period …

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Patel strongly argued with govt. for RBI’s autonomy

RBI’s autonomy

Urjit Patel, who quit as the RBI Governor on Monday, had spoken strongly about the need for the central bank’s autonomy when he deposed in front of the Parliamentary Panel on Finance two weeks ago. The former Governor had also pointed out that non-performing assets had been reducing since their …

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Sour notes in ties with Centre

Sour notes

The government had appointed Urjit Patel as Reserve Bank of India (RBI) Governor after his predecessor Raghuram Rajan’s tenure ended. With Dr. Patel’s appointment in September 2016, it was believed that the ties between the Centre and the RBI would improve. However, the relationship showed signs of stress just after …

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May postpones House vote on deal

House vote on deal

A meaningful vote on the British government’s Brexit withdrawal deal is set to be postponed till as late as January as, faced with certain defeat, British Prime Minister Theresa May said on Monday that she will be returning to emergency negotiations with Brussels in an attempt to wrestle new concessions. …

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HC questions Maharashtra on job ads

HC questions

The Bombay High Court on Monday questioned the Maharashtra government on the advertisements issued by the State to fill jobs under reservation granted to the Maratha community A Division Bench of Chief Justice Naresh Patil and Justice MS Karnik was hearing a bunch of public interest litigations and petitions opposing …

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Land acquisition law challenged in court

law challenged in court

The Supreme Court on Monday decided to examine a plea challenging the legality of amendments brought in by Tamil Nadu and four other States, which allow authorities to bypass the need to take farmers’ consent before their land is acquired for large infrastructure projects. A Bench of Justices Madan B. …

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