Friday, Dec 13 2019 | Time 07:52 Hrs(IST)
image
  • Trump may use documents exposing US lies about Afghan war to justify exit - Ex-Official
  • Kerala CM to inaugurate closing ceremony of IFFK
  • No Russian club qualified for spring part of UEFA competitions for 1st time in 18 years
  • Czech Republic signs agreement with US on purchasing 12 helicopters - Pentagon
  • US to work with allies on possible deployments of intermediate-range missiles - Esper
  • US hails Kazakhstan’s efforts to repatriate IS fighters as example to World
  • EU summit decides to prolong economic sanctions against Russia - Source
  • US Stocks close up after record highs on reports Trump will sign China trade deal
  • Trump administration lifts 5-year moratorium on fracking public land in California
  • Haftar’s LNA advancing to Tripoli after announcement of final peration – Reports
  • White House should join US Congress in recognizing Armenian Genocide - National Committee
  • Saudi Ambassador visits site of Pensacola shooting - Embassy
  • PTR International Tennis Symposium 2020 from Feb 10
  • Diamond sell-off in MP
  • Prez gives assent to Citizenship Amendment Bill
Parliament


LS passes Bill, slashing Corporate Tax

LS passes Bill, slashing Corporate Tax

New Delhi, Dec 2 (UNI) The Lok Sabha on Monday passed a Bill, which seeks to cut the corporate tax rate.

The Taxation Laws (Amendment) Bill, 2019 was passed by voice vote and the amendments moved by the opposition members were negated.

Replying to the debate on the Bill in the Lok Sabha, Finance Minister Nirmala Sitharaman said the Union government has periodically given relief to individual tax payers.

'But now, we want more investments, so we have reduced corporate tax,' she said.

The Bill seeks to replace the ordinance, issued on September 20, and would slash corporate tax rate to 22 per cent without incentives and 15 per cent for new manufacturing entities.

Gross tax collection has been increased by five per cent and it is likely to go up in the last quarter, the Minister said.

On her remarks on Ola-Uber, she said it was based on an RBI study.

The Finance Minister said the GST collection has crossed Rs one lakh crore.

Ms Sitharaman also flayed the Congress for signing the international pact at Bali in 2013 that had put India in the negotiation process for the Regional Comprehensive Economic Partnership (RCEP).

Alleging that having done so in 2013 during the erstwhile Congress-led UPA regime, she said the Congress now had no rights to shed tears for the farmers.

More UNI NY RJ 2010

More News
Bill to extend reservation for SCs & STs by 10 years gets nod of Parliament

Bill to extend reservation for SCs & STs by 10 years gets nod of Parliament

12 Dec 2019 | 10:20 PM

New Delhi, Dec 12 (UNI) A Bill to extend reservation for Scheduled castes and Scheduled tribes by a further period of ten years on Thursday got the nod of parliament with the Rajya Sabha passing it by a majority of the members of the House and two thirds of those present and voting.

see more..

Appropriation (No 3 ) Bill returned by RS

12 Dec 2019 | 9:13 PM

New Delhi, Dec 12 (UNI) A Bill that seeks to authorise appropriation of funds from and out of the Consolidated Fund of India for the services of the financial year 2019-20, was returned to the Lok Sabha on Thursday.

see more..

Pak providing patronage to Hafeez Saeed: BJP

12 Dec 2019 | 9:12 PM

New Delhi, Dec 12 (UNI) Urging the Government to build international pressure on global bodies, BJP MP GVL Narasimha Rao on Thursday said Pakistan is providing patronage to the mastermind of the 26/11 Mumbai terror attack Hafeez Saeed.

see more..

When Shlokas flowed in Lok Sabha

12 Dec 2019 | 8:19 PM

New Delhi, Dec 12 (UNI) It was a day of recital of Sanskrit Shlokas in the House of the People and the 'Temple of Democracy' literally got converted into a 'Temple of Sanskrit Learning'.

see more..

LS nods Bill that would convert three Sanskrit deemed varsities into central universities

12 Dec 2019 | 7:59 PM

New Delhi, Dec 12 (UNI) Lok Sabha on Thursday passed a Bill that seeks to convert three Sanskrit deemed universities presently functioning in the country into central universities.

see more..
image