The govt is set to overhaul the tax regime by widening the “super-rich” net and introducing wealth tax on expensive watches, painting and other works of art. Gaurav Choudhury and Nagendar Sharma report.
A visit to the picturesque Mughal Gardens in Rashtrapati Bhawan will now cost you Rs 25 as the President’s Secretariat has decided to levy an entry fee from August 1. Nagendar Sharma
and Gaurav Choudhury
It was Haryana CM Bhupinder Singh Hooda who had cleared the change of land use allowing a company, owned by Robert Vadra, to begin commercial activity barely a month after it purchased farmland in Gurgaon in 2008. Shishir Gupta
, Nagendar Sharma
and Gaurav Choudhury
The prevailing political uncertainty and the much-anticipated cabinet reshuffle appear to have grounded plans of several key ministers to visit the US later this month.
As the government seeks to fast-track mega projects to reverse the economic slowdown, banks have reported that the number of mega projects that did not get off ground as on September 1, 2012, was 26. Gaurav Choudhury & Nagendar Sharma report.
The top 5 projects
The government may have violated existing laws for awarding coal mining contracts to firms that have little or no experience in power, steel or cement production - the only sectors for which private mining is currently permitted.
Faced with a thriving black economy that continues to hoodwink authorities by obscuring the source of funds, the government is set to clamp down on the use of dirty money to fund terrorism, arms smuggling, narcotic trade, human trafficking and trading of animal parts.
The government is drawing up plans to ease the foreign direct investment norms for single-brand retail, including the condition that global firms will have to source 30% of their requirements from local small firms and artisans. Gaurav Choudhury
& Nagendar Sharma
The Centre has asked state governments to compulsorily make at least 4% of their purchases from units run by Dalit as well as scheduled caste and scheduled tribe entrepreneurs.
Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. Gaurav Choudhury
and Nagendar Sharma
report. Money for nothing
In a major decision to check corruption, the government is set to control the housing sector in Delhi through a regulator. It hopes this will put an end to the common man’s complaints against the Delhi Development Authority (DDA), the government’s sole property developer in the Capital.
Stung by the chorus of criticism against arbitrary allocation of natural resources, the government is set to announce a policy, stipulating that any future land allocation be carried out only through a transparent auction methodology. Nagendar Sharma
& Gaurav Choudhury
report. What made govt sit up
Stung by the Supreme Court order on Thursday to cancel 122 licences for 2G spectrum, issued in 2008 on the basis of first-come, first-served policy, the government is set to scrap the policy for allocation of all natural resources. Nagendar Sharma
and Gaurav Choudhury
report. The policy fix
In the latest round of confrontation between the two sides, the government has bluntly refused to provide "relevant papers" to the Comptroller and Auditor General (CAG) related to the allotment of 2G spectrum licences during the 2003-2006 period, official documents show.
Unhappy over the Supreme Court's July 5 order appointing a special investigation team to take over from it the probe into black money allegedly stashed abroad, the government is likely to approach the top court for certain clarifications.
A top government panel has said auctioning of spectrum is not the best option for a country like India. This comes at a time when controversies over spectrum allocation and telecom licensing policy have claimed their second ministerial scalp. Gaurav Choudhury and Nagendar Sharma report.
Soon, all civil work and service contracts awarded by government departments and public sector companies and the goods they purchase — from pencils to motorcars — will be handled through an open electronic auction system.
Two years after the disgraced founder and former chairman of Satyam Computer Services B Ramalinga Raju managed to get away from court proceedings in the US, the government is desperately trying to avoid a similar situation in India. Nagendar Sharma & Gaurav Choudhury report.
As demanded by the Enforcement Directorate (ED), the government will soon set up a special court which will have the jurisdiction to prosecute the disgraced Satyam Computers founder B Ramalinga Raju and five others for money laundering. History sheeter