Industries Amendment Bill
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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NITIE To Be India's 21st IIM, Will Be Renamed IIM Mumbai
The decision comes after both Houses of Parliament gave their nod to the Indian Institutes of Management (Amendment) Bill 2023 in the ongoing Monsoon Session.
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Rajya Sabha Passes Bill Aimed At Curbing Film Piracy
A bill to curb piracy to help the film industry and simplify licensing procedure was passed by Rajya Sabha on Thursday after the opposition staged a walkout over its demand for a discussion on the Manipur situation.
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"Ease of Business Bill" In Parliament: What It Changes
Commerce and industry Minister Piyush Goyal on Thursday in Lok Sabha introduced Jan Vishwas Bill, which seeks to decriminalise minor offences by amending 183 provisions in 42 Acts with a view to promote ease of business.
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Government Hopes to Pass New Data Bill by Budget Session, IT Industry Seeks Participation in Consultation
The central government said it will introduce a new framework in place of the withdrawn Personal Data Protection Bill that covers all aspects of digital economy with dedicated rules for data privacy, emerging technologies, and data governance framework, Union minister Rajeev Chandrasekhar said on Wednesday. The next version of the bill along with I...
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Adani Group Figures In Sri Lanka's Parliamentary Debate On Electricity Bill
A renewable energy deal with India's Adani group figured in Sri Lanka's parliamentary debate on the Electricity Amendment bill, which was passed in Parliament on Thursday amid resistance from Opposition lawmakers and industry trade unions.
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New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
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ICAI Lauds Decision To Send Chartered Accountants Bill To Parliament Panel
ICAI on Tuesday said the decision to refer a bill to amend the law governing chartered accountants to a Parliamentary panel was a good step
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Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Fresh draft of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 brings regulation not ban, industry sources told NDTV. The crypto stakeholders asked for regulation to keep a check on corrupt practices and there are likely to be amends to the Bill, they added.
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Bills Likely In Winter Session On Privatising State-Owned Banks
Government is likely to table amendments in the Banking Regulation Act 1949 during the forthcoming Winter session of Parliament
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Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
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New Motor Vehicle Act To Be Implemented In Goa From January: Minister
The Motor Vehicles (Amendment) Bill 2019 was passed by Parliament in July and its steep fines were to come into effect from September 1, though some states pushed it back saying people needed time to get acquainted with the enhanced penalties.
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Parliament To Take Up Chit Fund Bill Tomorrow As Winter Session Begins
The government is all set to press for the passage of Chit Fund (Amendment) Bill, 2019 on day one of the winter session of Parliament beginning Monday to facilitate orderly growth of the chit fund sector and removal of bottlenecks being faced by the industry to enable greater financial access to people.
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New Traffic Fines Will Not Be Implemented In Madhya Pradesh And Punjab
The states of Madhya Pradesh and Punjab will not be implementing the new and increased traffic fines as of now. Both states will study the feasibility of the increased fines and then take a call on implementation later.
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Massive Hike In Penalties For Traffic Violations Begin From September
Starting from September 1, 2019, the penalties for traffic violations will see a massive hike across a number of offences. The Motor Vehicles (Amendment) Bill was passed in the Parliament last month, approving the new penalties that increase by up to 1000 times, depending on the violation. As a result, offences including breaking the traffic signal...
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
NITIE To Be India's 21st IIM, Will Be Renamed IIM Mumbai
The decision comes after both Houses of Parliament gave their nod to the Indian Institutes of Management (Amendment) Bill 2023 in the ongoing Monsoon Session.
-
Rajya Sabha Passes Bill Aimed At Curbing Film Piracy
A bill to curb piracy to help the film industry and simplify licensing procedure was passed by Rajya Sabha on Thursday after the opposition staged a walkout over its demand for a discussion on the Manipur situation.
-
"Ease of Business Bill" In Parliament: What It Changes
Commerce and industry Minister Piyush Goyal on Thursday in Lok Sabha introduced Jan Vishwas Bill, which seeks to decriminalise minor offences by amending 183 provisions in 42 Acts with a view to promote ease of business.
-
Government Hopes to Pass New Data Bill by Budget Session, IT Industry Seeks Participation in Consultation
The central government said it will introduce a new framework in place of the withdrawn Personal Data Protection Bill that covers all aspects of digital economy with dedicated rules for data privacy, emerging technologies, and data governance framework, Union minister Rajeev Chandrasekhar said on Wednesday. The next version of the bill along with I...
-
Adani Group Figures In Sri Lanka's Parliamentary Debate On Electricity Bill
A renewable energy deal with India's Adani group figured in Sri Lanka's parliamentary debate on the Electricity Amendment bill, which was passed in Parliament on Thursday amid resistance from Opposition lawmakers and industry trade unions.
-
New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
-
ICAI Lauds Decision To Send Chartered Accountants Bill To Parliament Panel
ICAI on Tuesday said the decision to refer a bill to amend the law governing chartered accountants to a Parliamentary panel was a good step
-
Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Fresh draft of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 brings regulation not ban, industry sources told NDTV. The crypto stakeholders asked for regulation to keep a check on corrupt practices and there are likely to be amends to the Bill, they added.
-
Bills Likely In Winter Session On Privatising State-Owned Banks
Government is likely to table amendments in the Banking Regulation Act 1949 during the forthcoming Winter session of Parliament
-
Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
-
New Motor Vehicle Act To Be Implemented In Goa From January: Minister
The Motor Vehicles (Amendment) Bill 2019 was passed by Parliament in July and its steep fines were to come into effect from September 1, though some states pushed it back saying people needed time to get acquainted with the enhanced penalties.
-
Parliament To Take Up Chit Fund Bill Tomorrow As Winter Session Begins
The government is all set to press for the passage of Chit Fund (Amendment) Bill, 2019 on day one of the winter session of Parliament beginning Monday to facilitate orderly growth of the chit fund sector and removal of bottlenecks being faced by the industry to enable greater financial access to people.
-
New Traffic Fines Will Not Be Implemented In Madhya Pradesh And Punjab
The states of Madhya Pradesh and Punjab will not be implementing the new and increased traffic fines as of now. Both states will study the feasibility of the increased fines and then take a call on implementation later.
-
Massive Hike In Penalties For Traffic Violations Begin From September
Starting from September 1, 2019, the penalties for traffic violations will see a massive hike across a number of offences. The Motor Vehicles (Amendment) Bill was passed in the Parliament last month, approving the new penalties that increase by up to 1000 times, depending on the violation. As a result, offences including breaking the traffic signal...
