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May 8, 2012 8:59 AM

Implementation of GAAR deferred till April next year: Finance Minister

Finance Minister Pranab Mukherjee has announced deferment of implementation of the budget proposal of the General Anti-Avoidance Rules or GAAR till April 2013. He said this during his opening remarks on the discussion of Finance Bill 2012 in the Lok Sabha yesterday. Mr. Mukherjee also clarified that...

May 7, 2012 8:51 PM

Gujarat riots: SC appointed amicus curiae says, Modi can be prosecuted

In a set back to Chief Minister Narendra Modi, a Supreme Court-appointed amicus curiae has held that he can be prosecuted under various sections of the IPC for promoting enmity among different groups during the 2002 Gujarat riots. The report has been prpared by Raju Ramchandran on the complaint of Z...

May 7, 2012 8:50 PM

FinMin announces implementation of GAAR deferred till April 2013

Finance Minister Pranab Mukherjee today announced deferment of that implementation of the General Anti-Avoidance Rules or GAAR till April 2013. The proposal was made in the budget for the current fiscal. The rule is being used to check avoidance of tax. Introducing the Finance Bill for the current f...

May 7, 2012 6:54 PM

S M Krishna: India committed to early solution on Teesta water issue

External Affairs Minister S M Krishna today said India is committed to an early solution on Teesta waters issue. He said, since water is a sensitive matter, internal consultations are onamongst stakeholders on it and efforts are afoot to evolve a political consensus on the Teesta water treaty. Talki...

May 7, 2012 2:00 PM

Arya murder case: Former Lucknow CMO arrested

In Uttar Pradesh, the central Bureau Investigation, CBI has arrested former Chief Medical Officer CMO Dr. AK Shukla in connection with murder of the then CMO family welfare Dr. Vinod Arya in Lucknow today.Our Lucknow correspondent reports that Dr. Shukla has been taken into custody for hatching cons...

May 7, 2012 1:59 PM

Govt accepts Sachchar committee's 90 per cent recommendations

The government today said that it has accepted 90 per cent recommendations of the Sachchar committee. Replying to supplementaries in the Rajya Sabha, minority affairs minister Salman Khurshid said his ministry has taken several steps to promote entrepreneurship and self employment among minorities. ...

May 7, 2012 1:54 PM

No discussion on FDI, Teesta with Hillary: Mamata

The US Secretary of State, Ms. Hillary Clinton met the West Bengal Chief Minister, Ms. Mamta Banerjee at the Writers' Building in Kolkata today. US investments in West Bengal is understood to have figured in the talks.Ms. Clinton and Ms. Banerjee first had one-to-one talks followed by delegatio...

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