(New Delhi)₹,8923 Crore Released for Panchayats in 25 States; Pandemic
These grants are meant for all the three tiers of Panchayati Raj Institutions – village, block and district.
Grant is issued in advance of the normal schedule
The amount released on Saturday is the first instalment of the ‘Untied Grants’ for the year 2021-22. It may be utilised by the RLBs, among other things, for various prevention and mitigation measures needed to combat the COVID-19 pandemic. Thus, it will augment resources to the three tiers of Panchayats for fighting the contagion.
Tag: Ministry Of Finance
₹,8923 Crore Released for Panchayats in 25 States; Pandemic
IT Deptt Raided Educational 9 Trusts in Bengaluru
(New Delhi)IT Deptt Raided Educational Trusts in Bengaluru
The Income Tax Department conducted search and seizure operation on 17.02.2021 on 09 major Trusts registered in Bengaluru &Mangaluru, which are running educational institutes including medical colleges. Searches were conducted at 56 different locations across Karnataka and Kerala.
Illegal capitation fee/ Donations are collected through a network of brokers/ agents employed by the key persons/Trustees of these medical colleges.
Searches have Resulted in recovery of Gold Jewellery of 81 Kg (valued at Rs. 30 crore), 50 carat diamonds and 40 kg of silver articles have been found from the residential premises of the trustees and are prime facie, unexplained. Evidence of undisclosed foreign assets of Rs. 2.39 crore in Ghana has also been found apart from evidence of huge investments in 35 Luxury cars in benami names.
Further investigation is in progress.
1947 से पीड़ितों के लूटे कंपनसेशनक्लेम लौटाने का बजट क्यूँ नही है?
#भजपाईचेयरलीडर
ओए झल्लेया! मुबारकां! ओए हसाडी वित्तमंत्री श्रीमती निर्मल सीतारमन जी ने गावँ और किसान दिल मे रख कर ‘ऑल राउंड’ विकास वाला बजट संसद में पेश किया है।
प्रधानमंत्री नरेन्द्रमोदी जी ने भी बजट की सराहना करते हुए कहा है कि वर्ष 2021 का बजट असाधारण परिस्थितियों के बीच पेश किया गया है। उन्होंने कहा कि इसमें यथार्थ का एहसास भी और विकास का विश्वास भी है।
‘‘इस बजट में देश में कृषि क्षेत्र को मजबूती देने के लिए और किसानों की आय बढ़ाने के लिए बहुत जोर दिया गया है। किसानों को आसानी से और ज्यादा ऋण मिल सकेगा। देश की मंडियों को और मजबूत करने के लिए प्रावधान किया गया है। ये सब निर्णय दिखाते हैं कि इस बजट के दिल में गांव हैं, हमारे किसान हैं।’’
यह रोजगार के अवसर को बढ़ाने वाला और देश को आत्मनिर्भरता के रास्ते पर ले जाने वाला बजट है।
यह बजट आत्मनिर्भरता के उस रास्ते को लेकर चला है जिसमें देश के हर नागरिक की प्रगति शामिल है।’’
बजट से ‘‘वेल्थ और वैलनेस’’ दोनों तेज गति से बढ़ेंगे।
#झल्ला
चतुर सेठ जी!1947 से पीड़ितों के लूटे कंपनसेशनक्लेम लौटाने का बजट क्यूँ नही है?
बजट में पुराने टैक्स चोरी के केस खोल कर उन्हें सेटल करने का प्रावधान तो किया लेकिन। सरकारों द्वारा 1947 से पीड़ितों के जो कंपनसेशन/रिहैबिलिटेशन क्लेम लूटे गए उन्हें लौटाने का कोई प्रावधान क्यूँ नही है???अरे पीड़ितों के कंपनसेशन क्लेम पाकिस्तान से एडजस्ट करने के बावजूद कस्टोडियन ग्रह मंत्रालय ने पीड़ितों तक नही पहुंचने दिए है
Tobacco Products Manufacturer Arrested For Evading GST @₹831 Crore
(New Delhi) Tobacco Products Manufacturer Arrested For Evading GST @₹831 Crore
The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty. On basis of the search at the premise of manufacture, it was found that illegal manufacturing of Gutkha/pan masala/tobacco product was going on, evidenced by a godown, machines, raw materials and manufactured products at the premises. Around 65 labourers were found working at the illegal factory. The finished product of gutkha is being supplied to various states in India. The searches resulted in seizure of finished gutkha and raw materials such as chuna, sada kattha, tobacco leaves etc. valued at Rs. 4.14 crore approximately.
On the basis of evidence gathered, stocks seized and confessional statements recorded the total duty evasion is estimated to be approx. Rs. 831.72/- crore. Further investigation is in progress.
One person has been arrested and sent to 14 days judicial custody by the MM. Further investigation is underway to identify the key conspirator/s of the case and to recover the tax dues involved.
Raj Becomes 6th State to Complete Ease of Doing Business Reforms
(New Delhi) Raj Becomes 6th State to Complete Ease of Doing Business Reforms
Rajasthan State has become eligible to mobilise additional financial resources of Rs. 2,731 crore through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 24th December, 2020. Rajasthan has now joined the five other States namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, who have achieved this feat. On completion of reforms facilitating ease of doing business, these six States have been granted additional borrowing permission of Rs.19,459 crore.
The ease of doing business is an important indicator of the investment friendly business climate in the country.
Chinese Entities Raided For Hawala Transactions
(New Delhi)A search action was mounted at various premises of Chinese entities, their close confederates and couple of bank employees
Search action revealed that at the behest of Chinese individuals, more than 40 bank accounts were created in various dummy entities, entering into credits of more than ₹ 1,000 Crore over the period.
A subsidiary of Chinese company and its related concerns have taken over ₹ 100 Crore bogus advances from shell entities for opening businesses of retail showrooms in India.
Further, incriminating documents in respect of hawala transactions and laundering of money with active involvement of bank employees and Chartered accountants has been found as a result of search action. Evidences of foreign hawala transactions involving Hongkong and US dollars have also been unearthed
Anurag Thakur Invites Suggestions From Trade Unions
[New Delhi] Anurag Thakur Invites Suggestions From Trade Unions
The Minister of State for Finance & Corporate Affairs, Anurag Thakur held Pre-Budget Consultation with the representatives of various Trade Unions and Labour Organisations in connection with the forthcoming General Budget 2019-20
Visitors shared their views and suggestions regarding labour and employment issues. Discussions were held on providing social security to labour besides skilling, re-skilling and up-skilling of existing labour force. Quality of job creation and ensuring minimum wages of workers were also discussed in detail besides the issue of rehabilitation of workers who have lost their jobs.
Photo Caption
The Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur chairing the Pre-Budget consultations with representatives of Trade Unions and Labour Organisations, in New Delhi on June 15, 2019.
IT Grievance Redressal Mechanism for GST Portal
[New Delhi]IT Grievance Redressal Mechanism for GST Portal
It has been decided by the Government to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal.
The mechanism inter alia envisages that taxpayers shall make an application to the field officers or the nodal officers where there was a demonstrable glitch on the Common Portal in relation to an identified issue, due to which the due process as envisaged in law could not be completed on the Common Portal.
The IT Grievance Redressal committee shall examine and approve the solutions as may be necessary for an identified issue.
The decision relating to filing of TRAN-1 shall benefit 17,573 taxpayers who shall consequently be able to avail Rs. 2582.98 cr. as CGST credit and Rs. 1112.77 cr. as SGST credit.
Budget Consoles Salaried & Pensioner Tax Payers
[New Delhi]Budget Consoles Salaried & Pensioner Tax Payers
Small Relief is provided to salaried and senior citizen taxpayers
Salaried are allowed standard deduction of Rs 40,000 in lieu of present exemptions
Whereas Senior Citizens are allowed exemption of interest income on deposits with a increased from Rs. 10,000/- to Rs. 50,000/-
Differently-Abled will continue to get transport allowance at enhanced rate
In order to provide relief to salaried taxpayer, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, proposed to allow a standard deduction of Rs. 40,000/- in lieu of the present exemption in respect of
transport allowance and
reimbursement of miscellaneous medical expenses. However, the transport allowance at enhanced rate shall continue to be available to differently-abled persons. Also, other medical reimbursement benefits in case of hospitalisation etc., for all employees shall continue.
Presenting the General Budget 2018-19 in the Parliament here today, the Finance Minister said, “Standard deduction shall significantly benefit the pensioners also, who normally do not enjoy any allowance on account of transport and medical expenses. The revenue cost of this decision is approximately Rs.8,000 crores. The total number of salaried employees and pensioners who will benefit from this decision is around 2.5 crores.”
Finance Minister said that the exemption of interest income on deposits with banks and post offices to be increased from Rs. 10,000/- to Rs. 50,000/- and TDS shall not be required to be deducted on such income, under section 194A.
This benefit shall be available also for interest from all fixed deposits schemes and recurring deposit schemes.
The Finance Minister also announced raising the limit of deduction for health insurance premium and/ or medical expenditure from Rs. 30,000/- to Rs. 50,000/-, under section 80D. All senior citizens will now be able to claim benefit of deduction up to Rs. 50,000/- per annum in respect of any health insurance premium and/or any general medical expenditure incurred.
Further, the Finance Minister proposed raising the limit of deduction for medical expenditure in respect of certain critical illness from Rs. 60,000/- in case of senior citizens and from Rs. 80,000/- in case of very senior citizens, to Rs. 1 lakh in respect of all senior citizens, under section 80DDB.
These concessions will give extra tax benefit of Rs. 4,000 crores to senior citizens.
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