The Union Cabinet chaired by the Prime Minister has approved the Integrated GST, Central GST, Union Territory GST and GST Compensation bills on March 20, 2017. These four bills will now have to be passed by the Parliament. It is expected that the bills will be introduced in the Parliament early next week as a 'money bill' (note that the Rajya Sabha does not have the power to amend or reject money bills and is required to return it to the Lok Sabha within 14 days). Should the July 1, 2017 target for the introduction of GST in India be met, the Parliament will have to pass these bills before the end of the budget session (on April 12, 2017).
Greece's parliament Thursday passed an austerity bill that will allow the country to receive a joint European Union-Intenational Monetary Fund emergency loan.
Finance Minister Pranab Mukherjee has said that the government intends to introduce the Direct Taxes Code in the forthcoming Monsoon Session of the Parliament.
Fistfights and chair-throwing broke out in Uganda's parliament on Tuesday ahead of a debate on whether to grant long-serving President Yoweri Museveni another term in
office.
The Union Budget will now be an early affair as the government has decided to present it on February 1. This announcement has come just a day before the start of the winter session of Parliament, to be held from November 16 to December 16, which is generally convened in the 3rd or 4th week of November.
Despite the ongoing tensions between India and Pakistan, the Indian government is yet to decide on revoking the most favoured nation (MFN) status given to Pakistan, Commerce and Industry Minister Nirmala Sitharaman informed the Parliament on Monday.
UK's Prime Minister Theresa May faced the first parliamentary defeat over Brexit after the Upper House voted for an amendment thereby delaying the bill which empowers her to begin talks for her country's exit from the European Union.
ISLAMABAD: The regulatory framework for Modaraba sector has been strengthened after the joint session of the parliament approved the 2009 Modaraba Companies and Modaraba (Floatation & Control) Ordinance, (Amendment) Bill, said a statement issued by SECP on Tuesday.
A discount of Rs 6.63 a litre and diesel at a deficit of Rs 6.25 per litre, is likely to be waved off after the current Parliament session, an Oil Ministry official said in New Delhi on Monday.
Pakistan's $30.4 billion (Rs.2.6 trillion) budget for fiscal 2010-11 beginning July 1, which has allocated Rs.450 billion for defence, will be presented in parliament Saturday.
Chinese Ambassador to Zambia Yang Youming said on Friday that Chinese firms operating in Zambia will not halt their operations following the change of the country's mining tax plan.
The Zambian parliament recently approved the 2015 national budget, which among other things has introduced a new mining tax plan. The new tax law has since been assented to by the acting Zambian president.
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The Goods and Services Tax has proven as trending point of the country. After over the winter session, political interference is being seen on the GST yet. Now The ruling BJP's chief leader and FM Arun Jaitely said that opposition will loss their majority in next session, therefore we will get a good chance to roll out the Bill in the Rajya Sabha.
The grand alliance between Janata Dal (United) and RJD has made their presence in Bihar state by registering a massive victory. The party might create a buzz in the Parliament from the beginning of Winter Session, by indicating to support the opposition party on the GST Bill.
According to the Election Commission, the Biennial elections will be held on March 21, 2016 for 13 Rajya Sabha seats in six states. Therefore, the ruling BJP has confidence that they will get enough majority to pass the GST in the Parliament.
After 17 years of preparation and 18 meetings of the GST Council, a single unified Goods and Services Tax (GST) in India is today a reality. In a momentous launch at the Central Hall of the Indian Parliament with a speech by the Finance Minister and the Prime Minister of India, the GST regime was ushered in at the stroke of midnight on July 1, 2017. While the mammoth task for the Central and State Governments has just concluded, as far as trade and industry are concerned, the journey has only just begun.
The Buckingham Palace also opens several spaces to the public and even holds seasonal exhibits. This is a great way to learn about the Royals and the nation's history as a whole. Other notable attractions include the London Eye, Tower of London, Parliament Square, and Big Ben.
"The global biodegradable cutlery market size is expected to reach USD 50.7 million by 2025, expanding at a CAGR of 5.9% over the forecast period. Implementation of stringent regulations pertaining to non-biodegradable plastic across the globe is a primary factor likely to drive the market over the forecast period.
Most of the countries around the world are banning plastic usage in any form as it has become one of the prominent global issues. According to a press release by the European Commission in December 2018, the European Parliament and the Council of the European Union have framed polices and rules to reduce marine litter through ban on single use plastics. In addition, in 2015, the European Commission has proposed a Plastic Bags Directive to regulate and restrict the usage of plastic bags."