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Bihar traders offered 'one-time settlement' for pre-GST era tax liabilities

The NDA government in Bihar on Thursday came out with a 'one-time settlement' initiative for the benefit of traders with tax liabilities dating back to the pre-GST era. The Bihar Tax Disputes Settlement Bill, 2024 was tabled in the state assembly by Deputy Chief Minister Samrat Chaudhary, who also holds the finance portfolio. The Bill was passed in the assembly through voice vote, and, according to Choudhary, once notified, "it will bring great relief to traders with pre-GST tax liabilities". "The Bill provides traders with an opportunity to settle their pre-GST tax liabilities through the one-time settlement scheme. It would require traders to pay 10 per cent of the penalty and the remaining 90 per cent will be waived. In addition, traders will have to pay 35 per cent of the disputed tax amount to get a waiver of the remaining 65 per cent," said Choudhary. "Traders will have to pay both 10 per cent of the interest and penalty and 35 per cent of the disputed tax to avail this ...

Cross-voting helps BJP gain RS seats; NDA now four short of majority mark

BJP netted two extra seats from cross-voting in Himachal Pradesh and Uttar Pradesh

JP Nadda to hold meeting with election in-charge, co-incharge of all states

The party sources added, 'There will be discussion in the meeting regarding the preparations for the Lok Sabha elections.'

The NDA approach to PSUs

The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit

Not seeking a third term for political gains, but for benefit of India: PM

Addressing the BJP national convention here, Modi said the nation will now have to dream big and make big resolutions to make India a developed country by 2047

NDA provided 1.5x more govt jobs than UPA, says PM Narendra Modi

He said the share of women in new appointments in Rojgar Melas had gone up to 18-20 per cent compared to the 7-8 per cent share in the appointments made by the previous government

Bihar floor test: Nitish Kumar wins trust vote for NDA government

The floor test of the Nitish Kumar-led NDA government in Bihar concluded on Monday, with Kumar securing 129 votes in favour

BJP will win 370 seats, NDA more than 400 seats in LS polls: Amit Shah

Union Minister Amit Shah on Monday said there is no suspense in the people's minds on the outcome of the upcoming Lok Sabha elections as the ruling BJP is set to win 370 seats and the National Democratic Alliance (NDA) will bag more than 400 seats. Shah also took a swipe at the Congress and said out of the 10-year rule of Prime Minister Narendra Modi, the first five years went in filling up the "pit" dug by the opposition party, when it ruled the country, and another five years in laying the foundation (of development). "Make him (Modi) the prime minister for the third term and a magnificent building will come up on the foundation at a very fast pace," the senior BJP leader said here after launching Rs 1,950 crore development projects of the Ahmedabad Municipal Corporation (AMC). "I was in Karnataka yesterday, and visited 11 states in January. There is no suspense in any state regarding the (outcome of the) Lok Sabha elections. There is a mood prevailing across the country that the

How about a White Paper on Vision 2047?

Since this White Paper ends with the statement 'Amrit Kaal has just begun and our destination is India a developed nation by 2047', it is only fair to map how this would roll out

Confident about BJP crossing 370 seats-mark in Lok Sabha polls: PM Modi

Prime Minister Narendra Modi on Sunday said he is confident the BJP will cross the 370 seats-mark in the upcoming Lok Sabha polls, and even the opposition leaders in Parliament are saying the ruling coalition will get more than 400 seats. Addressing a public meeting of tribal community members in Madhya Pradesh's Jhabua district, PM Modi said the Congress was anti-tribal and thought of villages, farmers and the poor only during elections. He also said he had got overwhelming love from the people as he visited temples associated with Lord Ram in the south of the country. Aware of their imminent defeat, the Congress and its allies are resorting to last ditch-tactics, the PM said, adding that "loot and divide is the motto of the Congress. "The Congress when it is in power indulges in loot, while out of power engineers divisions (in society) based on language, region and caste," he said here. The Congress has drowned in its own sins and the more it will make efforts to come up the fur

White Paper record for posterity, a serious document: FM Sitharaman

She said the NDA government has the power and vision, which was lacking during the UPA's term

National security compromised, leadership failed in 10 years of UPA: FM

Finance Minister Nirmala Sitharaman on Friday said national security was compromised, environmental clearances delayed and leadership failed during the previous Congress-led UPA government. Replying to a debate in Lok Sabha on the White Paper on India's economy and its impact on the lives of people, Sitharaman said the UPA government indulged in "glaring mismanagement" of the defence sector and its highlight was the Rs 3,600 crore AgustaWestland scam. "Critical shortage of ammunition & defence equipment was the main feature of 2014 when we inherited the economy. Bullet proof jackets were not available for our soldiers. Night vision goggles were not available," Sitharaman said. She said 'Jayanti Tax' during the UPA tenure delayed environment clearances for projects up to a year. The average time to clear projects increased to 316 days from 86 days between 2011 and 2014. She said 10 years of dedicated efforts of the Modi government have put the economy back on rails. "We correcte

We are more federal than UPA, says NDA government's White Paper

The transfer of these resources to states constituted 3.36 per cent of gross domestic product (GDP) during UPA rule against 4.24 per cent during NDA rule so far

'Sporadic' vs 'saturated': NDA's dig at UPA govt's 10 years in White Paper

A subtext running through the white paper is that a "coalition of 26 parties" couldn't take crucial decisions, such as rolling out the goods and services tax (GST) regime

Overdependence on external commercial borrowing under UPA: White Paper

The white paper, tabled in Parliament on Thursday, compared the UPA government's two consecutive terms, starting 2004, vis-a-vis the NDA's tenure, beginning 2014

PM Narendra Modi gives 370 to BJP and 400 to NDA in Lok Sabha polls

Modi said he will continue to wage a battle against corruption, would not allow the looting of the country's resources and asserted that probe agencies were independent

Fiscal deficit was 4.5% in UPA's terminal year, says P Chidambaram

Noting that much has been made of the fiscal correction made by the government, senior Congress leader P Chidambaram on Sunday said the fiscal deficit was 4.5 per cent in the UPA's terminal year 2013-14 while it is 5.8 per cent under the NDA in 2023-24. The former finance minister asserted that there is no place for a "bullhorn" in economics. In a post on X, Chidambaram said much has been made of the fiscal correction made by the NDA government and the fiscal deficit of 5.8 per cent in 2023-24. "Since memories are short, I may jog the memories of the learned commentators. Under the UPA, the Fiscal Deficit in 2007-08 was 2.5 per cent. In the terminal year of UPA (2013-14) the Fiscal Deficit was 4.5 per cent. In the terminal year of NDA (2023-24) the Fiscal Deficit is 5.8 per cent," he said. There will be ups and downs in any regime, the Congress leader noted. "If the NDA points to the pandemic years (2020-21 & 2021-22), the UPA can point to the years of the International Financial

BJP-led NDA could gain in Rajya Sabha polls to 56 seats on February 27

The strength of the National Democratic Alliance (NDA) that it leads, currently at 114, is also set to improve with the return of the Janata Dal (United) to its fold

We tolerated Nitish's Hindi push for cordiality in INDIA bloc: DMK leader

JD(U) President and Bihar Chief Minister Nitish Kumar said 'only Hindi should be spoken' and the party tolerated it for the sake of cordiality in INDIA alliance, DMK leader T R Baalu said here on Sunday. Speaking to reporters after holding seat sharing talks with Congress leaders here, Baalu, when asked on exit of Nitish Kumar from INDIA alliance said it appeared that right from the beginning he had 'some issues' and there would not be any electoral 'damage' due to his move. To a question about the 'Bihar Chief Minister's statement that nothing worked as per his plan in the INDIA bloc,' Baalu asked: "What did he plan? He did not spell out any plan, he said only Hindi should be spoken and only that (message) remains." Elaborating, Baalu, a Lok Sabha member said: "He (Nitish Kumar) said everyone should talk in Hindi. We tolerated it. Even then, we kept quiet, as a compromise, for the sake of cordiality in the alliance. It was said that English must not be spoken. This is an ordinary .

Nitish Kumar is natural ally, with him we will sweep LS polls: JP Nadda

BJP on Sunday described the party's alliance with Bihar Chief Minister Nitish Kumar as "natural" and asserted that the coalition will benefit the state. Addressing a press conference here, shortly after he attended Kumar's swearing in with his party as an alliance partner, BJP national president JP Nadda asserted that NDA will "sweep" the upcoming Lok Sabha elections. He also attacked the opposition bloc INDIA, saying it stands for "bhrashtachar bachao, parivar bachao( protect corruption and save the family). He said the new NDA government headed by Nitish Kumar will make 'Ujjwal Bihar.' "The people of Bihar had given the mandate in the last assembly polls to our natural alliance with Nitish Kumar. Bihar has gained whenever we have been in power together, be it in terms of law and order or economic development," he said. He asserted that "Bihar will again see growth propelled by double engine, with Prime Minister Narendra Modi at the helm at the Centre". He also said, "We are ...