Plan and Policy

Plan & Policy

Rs 10,000cr IGST refund stuck

As about 70 per cent of goods and services tax (GST) refunds stuck due to flawed information, the central board of excise and customs (CBEC) has asked exporters to amend the details in the final returns of subsequent month to enable the department to process the refund claims by March.

Cases in SC where govt is party zoomed last year: Law ministry

The number of cases in the Supreme Court where the government is a party has seen a spike in the last one year, with law ministry officials attributing the spurt to note ban, implementation of the GST and taxation issues.

According to latest law ministry data, between January 1 and December 31 last year, 4,229 cases were filed in the top court in which the Centre was a party. In 2016, the number of such cases was 3,497, while between January 1 and December 31 of 2015, 3,909 such cases were filed.

With no DG, CISF headless for over a month

India’s front line security force against terror threats at civilian airports and strategic nuclear and aerospace installations, the Central Industrial Security Force (CISF), is working without a regular chief for over a month as the Centre is yet to appoint a director general (DG).

CBI files Rs 97 cr loan default case against Simbhaoli Sugars; chairman, Dy MD

The CBI has registered a case against Simbhaoli Sugars Limited, its chairman Gurmit Singh Mann, deputy managing director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore.

Simbhaoli Sugars Limited is one of the largest sugar mills in the country. The company’s chief executive officer GSC Rao, CFO Sanjay Tapriya,

executive director Gursimran Kaur Mann and five non-executive directors have also been booked by the agency. Gurpal Singh is the son-in-law of Punjab chief minister Amrinder Singh.

Wealth of Indian rich equals15% of GDP, poor getting poorer

Inequality in India is on the rise for the last three decades, so much so that the total wealth of Indian billionaires is 15 per cent of the GDP, thanks to the “lopsi­d­ed” policies of successive governments, Oxfam India said in a report on Thursday.

It said the wealthiest in India have cornered a hu­ge part of the wealth created in the country through crony capitalism and inh­e­r­itance, while people at the bottom are seeing their sh­ares being reduced further.

Army chief’s political comment irks many

Army chief general Bipin Rawat found himself caught in the eye of a political storm after he highlighted the rapid rise of Muslim-dominated All India Democratic Front (AIDUF) in Assam compared to national parties like the BJP.

Capital crisis: HC turns down plea in chief secy-AAP tussle

Police on Wednesday arrested two Aam Aadmi Party MLAs and questioned the Delhi chief minister’s adviser VK Jain for three hours in connection with the alleged assault on Delhi Chief Secretary Anshu Prakash during a meeting at CM Arvind Kejriwal’s residence.

Khan was arrested after he appeared at Jamia Nagar police station. Party legislator from Deoli, Jarwal, who was detained on Tuesdau night, was also arrested.

Kamal Haasan launches party, creates ripples in tamil politics

Amid fanfare, actor Kamal Haasan on Wednesday launched his political party, naming it Makkal Needhi Mayyam, and unveiled its flag that symbolises the strength of unity.  Delhi chief minister Arvind Kejriwal, Aam Aadmi Party senior leader Somnath Bharti and farmers’ leader PR Pandian were among those who were on the dais.