Bill Financial News

Kiren Rijiju asserted on Monday that the government is fully prepared to table the amended Waqf bill in Parliament, as he accused some political parties and organisations of seeking to foment unrest in society and mislead people over its provisions. With Parliament reconvening on Tuesday following the weekend and Eid holiday, he said the timing of the bill's introduction will be decided following consultations after Parliament meets but he wants it passed as soon as possible. The ongoing Budget session of Parliament is scheduled to end on April 4, and the bill will have to be passed by both the Lok Sabha as well as the Rajya Sabha to become a law. The government has indicated that it will discuss with leaders of different parties on Tuesday the timing of the Bill's introduction. It is likely to be first introduced in the Lower House, probably on Wednesday. Opposition parties are strongly opposed to the bill, slamming it as unconstitutional and against the interest of the Muslim community. Several leading Muslim organisations have been rallying support against the bill, which was scrutinised by a Joint Committee of Parliament and approved with several amendments. Speaking to reporters, Rijiju accused some political parties and organisations, a clear reference to the opposition and Muslim bodies, of resorting to lies to mislead society and stoke tensions, while insisting that the bill is in the interest of Muslims.

non-payment of dues of Rs 4.41 crore, officials said on Monday. The water supply, discontinued on Saturday evening, was restored on Sunday after the railway authorities initiated the process of payment of the current bill amounting to Rs 1.17 crore, they said. Despite prior notices from the Kalyan Dombivli Municipal Corporation, the rail authorities failed to clear the outstanding dues, prompting assistant civic commissioner Sachin Tamkhede to disconnect the water supply on Saturday to the Kalyan station, located in Thane district, the civic body said in a release. Later, following urgent discussions with the civic body, the railway authorities initiated the process for payment of Rs 1.17 crore, the current bill amount, and assured the KDMC that the remaining dues would be settled soon, it said. KDMC Commissioner Dr Indu Rani Jakhar subsequently directed for the immediate restoration of water supply to the station on Sunday evening, the release said. Tamkhede said a meeting with railway officials will be held next week to discuss the issue of the outstanding dues.

Subscribe to enjoy similar stories. New Delhi: The government is preparing to decriminalize more than 100 offences under various laws by the end of this year to improve investor confidence and unlock potential for faster economic growth, three persons familiar with the development said.

The wage bills of companies with operations in these places have increased by 20-25%, as their expenses on unskilled, semi-skilled and skilled workers have gone up, said top corporate executives. While this has been sharper than usual, the growing preference of people to work in gig roles and stay back in villages amid an increase in income from the rural employment guarantee scheme and other welfare programmes are compounding the problems for companies as they are finding it difficult to mobilise workers. States like Tamil Nadu, Himachal Pradesh, Puducherry, Meghalaya, Odisha and Jharkhand have increased minimum wages by up to 38% in the last one year, as per industry executives and data compiled by staffing firm CIEL HR. Manpower cost has been a challenge because minimum wages have grown in certain markets by a very high degree, value fashion retailer V-Mart Retail managing director Lalit Agarwal said. Odisha recently hiked minimum wages by 29% and Jharkhand by 22%, he said. V-Mart reported a 24% increase in manpower cost in the December quarter compared with a year earlier

BJP leader V Muraleedharan on Saturday called on the Kerala government to strictly enforce the newly passed legislation aimed at curbing the influx of illegal migrants in the state. Addressing reporters here, he said a large number of illegal immigrants from Bangladesh are arriving in Kerala under the guise of guest workers, and stressed that the law should be implemented in the state without fail. The Immigration and Foreigners Bill, 2025 was passed by the Lok Sabha on Thursday, with Home Minister Amit Shah asserting that those who come to India for business, education and investment are welcome, but those who pose a threat to security will face stringent action. Muraleedharan also claimed that these illegal immigrants, posing as guest workers, are involved in the spread of narcotics in the state. «So, it is essential to implement the new law for the peaceful life and safety of ordinary people here,» he said. Criticising the Congress-led UDF over the matter, the former union minister alleged that the opposition front's approach in this regard is «disappointing».

GST Amnesty Scheme under Section 128A the government has made few amendments to Rule 164. These amendments are aimed at solving two primary issues faced by GST registered taxpayers and which were preventing them from effectively using GST Amnesty Scheme-waiver of penalty and interest. The amendments relate to payment of GST tax demand and GST tax demand’s appeal application for those years where GST Amnesty Scheme is not applicable. To make the amendments clear, the government has also released some frequently asked questions about the same.

Shah was speaking at the Times Now Summit as the chief guest. The summit is co-presented by Dream Sports and powered by Pernod Ricard India.

It upheld the 2022 guidelines issued by the Central Consumer Protection Authority (CCPA) that prohibited hotels and restaurants from automatically levying a 'service charge' on food bills, reinforcing that these payments must remain voluntary. Dismissing the petitions filed by the Federation of Hotels and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI), which challenged the CCPA’s power to issue such guidelines, Justice Prathiba M Singh said that the Authority is not merely a recommendatory body but is fully empowered and has the jurisdiction to pass the guidelines under the CPA, 2019. “In fact, issuing guidelines in consumer interest is an essential function of CCPA and the guidelines would have to be mandatorily complied with as the scheme of the Act clearly provides for enforcement of guidelines, which would not curtail fundamental rights it held.

Barry Ritholtz had a hard time writing his first book, «Bailout Nation.»

money laundering case against Bihar IAS officer Sanjeev Hans. The raids were launched on Thursday at seven locations in Patna. The federal probe agency said in a statement that it searched the premises of Tarini Das, chief engineer of Bihar Construction Department (BCD); Mumukshu Chaudhary, joint secretary in Bihar government's finance department; and Umesh Kumar Singh, executive engineer of Urban Development and Housing Dept. (UDHD) among others. Raids were also conducted against Ayaz Ahmed, Deputy Project Director of Bihar Urban Infrastructure Development Corporation Ltd. (BUIDCO); Sagar Jaiswal, DGM (Projects) of Bihar Medical Services and Infrastructure Corporation Ltd. (BMSICL); Vikash Jha, DGM of BMSICL; and Saket Kumar, Executive Engineer in the Bihar Construction Department (BCD). It claimed that these officials were the «recipients» of bribe money to give «favourable» outcomes in several tenders as well as clearance of bills of various contractors including that of a Patna-based contractor named Rishu Shree. None of the officials or their legal representatives could be contacted for their response on the ED action and the charges made against them.

«At some point, people stop asking „When can I retire?“ And start wondering „Can I ever retire?“ So, is early retirement in India realistic or just a dream?» said Joshi in a post on LinkedIn.

₹3 lakh, here are five excellent choices that deliver versatility without compromise:The Suzuki V-Strom SX is priced at ₹2.16 lakh (ex-showroom), with the manufacturer currently offering discounts of up to ₹15,000 as of February 2025. This bike boasts a 249 cc single-cylinder, oil-cooled engine paired with a six-speed transmission, generating 25 bhp at 9,300 rpm and a peak torque of 22 Nm at 7,300 rpm.

BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S.

Elizabeth Uihlein has raised concerns over the growing trend of job-hopping among young professionals, stating that the traditional value of workplace stability has significantly declined. According to Uihlein, previous generations prioritized long-term career growth and financial security, but today’s workforce appears more willing to switch jobs frequently. She highlights how young employees at Uline, the packaging and shipping supply giant she leads, often resign before completing two years, posing challenges for companies investing in recruitment and training. She highlights three points- Free Health Insurance One of the key reasons behind this shift, she points out, is the accessibility of free health insurance. Under the Affordable Care Act, young adults can remain on their parents’ health plans until age 26, eliminating a major incentive to stay in one job. Additionally, financial support from parents for expenses like phone bills, car insurance, and streaming services allows many young workers to change jobs without worrying about immediate financial stability.

Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue. Sitharaman said customs duty reductions are part of India's broader objective to strengthen its manufacturing hub and boost battery and advanced chemistry capacities. Replying to a debate on the Finance Bill 2025 in Rajya Sabha, Sitharaman said, «Consistently, budget after budget, we are coming up with a reduction in duties so that India's aspiration for being a manufacturing hub and India's aspiration in building capacities for battery manufacturing and advanced chemistry is being supported. So, this is a consistent thing.» «I heard quite a few members say, „Oh, the tariff war has started, so in response to the tariff announcements made by President Trump, here we are doing it. No, we have been doing it since 2023, steadily, every year. Newer items are being brought in, keeping in mind Atmanirbhar Bharat and, at the same time, Viksit Bharat's requirements, as well as simplifying the customs duty and compliance details,“ Sitharaman said. »So, this is an ongoing process. It has nothing to do with today's global situation but is a process that will continue even in the future," she added.

Disaster Management (Amendment) Bill, 2024, on Thursday which aims to improve the country's disaster management system. The Bill, which amends the Disaster Management Act of 2005, was cleared in the Rajya Sabha on Tuesday through a voice vote. The Disaster Management (Amendment) Bill makes several important changes to the existing law. The original Act set up key bodies, including the National Disaster Management Authority (NDMA) and the State Disaster Management Authority (SDMA), to manage disasters at national and state levels. These authorities have a key role in planning for and responding to disasters. However, the new Bill gives more responsibilities to these authorities.

sweepstakes casinos has found a way around the law to let users play classic casino games online. Their revenues have grown 10-fold in the past five years, and they're now large enough to feature ads with Ryan Seacrest, Drake and Michael Phelps. Only recently have states such as New York and Maryland contemplated restricting them, with billions of tax dollars at stake. But the loophole used by sweepstakes casinos complicates the states' ability — and desire — to take action. That loophole? The «no purchase necessary» rule that differentiates a legal sweepstakes from an illegal lottery.

financial crisis as the Congressional Budget Office (CBO) claimed that the government may be out of money as early as August unless Congress comes to an agreement on raising the debt ceiling, reported ABC News. This so-called «X-date» is when the US will no longer have sufficient funds to pay its bills, leading to default on its debt, as per the report.

Finance minister Nirmala Sitharaman Wednesday said «relentless action» is going on against wilful bank defaulters and that loan write-offs do not mean waivers as borrowers remain liable to repay their dues. «Banks continue to pursue recovery actions in written-off accounts using various mechanisms,» she said, responding to the discussion on Banking Laws (Amendment) Bill 2024 in the Rajya Sabha. The upper house, subsequently, gave its nod to the bill that seeks to provide options to the depositors for either successive or simultaneous nominations besides allowing public sector banks (PSBs) to transfer unclaimed shares, interest, and bond redemption amounts to investor protection fund besides other changes. The bill has already secured Lok Sabha's nod.

reservation for Muslims in public contracts valued up to ₹2 cr, and goods and services contracts up to ₹1 cr, a long-pending demand. Karnataka reserves 24% of civil works contracts for SC/STs, 4% for OBCs in Category-1, and 15% for Category-2A. BJP termed the Bill an 'unconstitutional misadventure'. For a country born from the cauldron of religion-based violence, such quotas were contentious even before the 42nd Amendment of 1976 added 'secular' to the Preamble.