GST impact: Yogi govt breached ‘One Nation, One Tax’ theme, say SMEs

The small and medium enterprises in Uttar Pradesh have pilloried the Yogi Aditya nath government for purportedly breaching the spirit of ‘One Nation, One Tax’ theme of the Goods and Services Tax (GST) by mandating e-Way Bill for goods of smaller value.
E-Way Bill is an electronic bill required for the movement of goods above the value of Rs 50,000 under GST. However, the Yogi government has mandated it even for transporting goods of the value of Rs 5,000 and above, which the entrepreneurs claim violated the GST rules, since the threshold is 10 times less than as provided under relevant rules.
Claiming that the e-Way Bill decision had been taken in haste, Micro, Small and Medium Enterprises (MSME) chamber, Indian Industries Association (IIA) has asserted it would hit the state’s small and medium businesses hard, while impairing their competiveness as well.
IIA has submitted its representations to the GST Council chairman, Centre, UP finance ministers, UP Tax department etc seeking the rollback of the decision for providing succour to the sector.
The MSME space in UP is estimated at over 4 million units and the sector contributes almost READ MORE

Breaking: Nitish Kumar quits as the chief minister of Bihar

Amid differences with alliance partner Rashtriya Janata Dal (RJD), Nitish Kumar on Wednesday resigned as the chief minister of Bihar, citing inability to work because of the strains within the coalition.
“I have resigned for the sake of Bihar. Given the changing circumstances in the state, it has become impossible for the alliance to work. I never demanded that anyone in the government should quit. But if there have been allegations, it is imperative for the person concerned to make a statement and come out clean,” Kumar said.
The development follows the Rashtriya Janata Dal (RJD) chief Lalu Prasad’s firm stand earlier in the day that his son and Bihar Deputy Chief Minister Tejashwi Yadav would not resign.
Prasad’s RJD is in the government in the state in alliance with Kumar’s JD(U) and the Congress Party. After the Central Bureau of Investigation (CBI) recently lodged a first information report (FIR) against Tejashwi Yadav in the land-for-hotels case, there had been demands for read more

Ram Nath Kovind’s journey from mud house to Rashtrapati Bhavan

In the fourth week of May, Ram Nath Kovind was called to New Delhi to meet Prime Minister Narendra Modi. The 71-year-old assumed that the meeting had something to do with his gubernatorial assignment in Bihar but was surprised to be told that he was one of the nine names being considered for the National Democratic Alliance’s (NDA’s) presidential candidate.
Unlike some of the other nominees, Kovind’s name was not discussed in the media. Even his closest friends and relatives had no idea that Kovind could succeed Pranab Mukherjee as India’s President, until Bharatiya Janata Party (BJP) chief Amit Shah announced the Dalit leader’s candidature following the party’s parliamentary board meeting on June 19.
By making Kovind, a Dalit from Uttar Pradesh, the BJP-led NDA’s presidential nominee, Modi and Shah took the Opposition by surprise, which was forced to recalibrate its strategy to name Congress leader Meira Kumar, daughter of Dalit icon Jagjivan Ram, as its nominee.
But the damage was already done to Opposition unity. Kovind’s candidature led to a split in the Opposition, with the Nitish Kumar-led Janata Dal (United), Naveen Patnaik’s Biju Janata Dal, and several other regional parties announcing they would vote READ MORE

Presidential poll 2017 result: Meet Ram Nath Kovind, India’s 14th President

Ram Nath Kovind on Thursday became the 14th President of India after securing 65.65 per cent of the vote cast in the July 17 presidential elections.
Kovind, 72, is the second Indian President to come from the Dalit community. K R Narayanan was the first. Kovind will assume office on July 26.
Kovind emerged as the dark horse when springing a surprise, the Bharatiya Janata Party (BJP) chief Amit Shah on June 19 named the then Bihar Governor, a Dalit leader from the party, the ruling National Democratic Alliance’s (NDA’s) nominee for the July 17 Presidential elections.
“Ram Nath comes from a Dalit family and has struggled a lot. We hope he will be the unanimous candidate for the election,” Shah had said.
Who is Ram Nath Kovind?
Kovind had a long inning in public life during which he fought for the cause of Dalits and the poor.
An advocate by profession, Kovind practised law in both the High Court and the Supreme Court.
He was made the Governor of Bihar in 2015 after the NDA took office at the Centre in May the read more

Prez Polls: Let’s see if our ideology prevails, says Meira Kumar on result

Opposition Presidential nominee Meira Kumar on Thursday reiterated her view, which she has maintained since her nomination, that she believes in the ideology which she has fought for, adding that she would want to see if it prevails.

“I believe in the ideology I’ve fought for and I believe in the voice of conscience. Let us see how much it prevails,” Kumar said.

Responding to a poser on how she views this fight, Kumar said the people in this country have certain values and they have kept those as their base for these elections.

Kumar also expressed her gratefulness to the Opposition parties which unanimously got together and decided her name for the post of President.

Meanwhile, the counting of votes for the presidential polls is underway.

The final result will be declared by 5 pm.

Meira Kumar, the former Speaker of Lok Sabha, was announced as the Indian NationalCongress (INC)-led Opposition’s candidate for the post of President of India, after a meeting read more

Presidential election 2017 India: Kovind or Meira Kumar, who will be the next Rashtrapati?

On July 17, of the total 4,880 valid voters — 4,109 members of legislative Assemblies (MLAs) and 771 elected members of Parliament (MPs) — 99.49 per cent cast their vote to elect the next President of India.In the fray were the National Democratic Alliance’s (NDA’s) candidate Ram Nath Kovind, and the Opposition candidate Meira Kumar.
The counting of votes is scheduled to begin at 11 am on Thursday, July 20, but it is believed that Kovind has an edge over Kumar. However, should he win, the margin of his victory will be interesting to note, given that there were reports of many instances where voters from Opposition parties also voting for Kovind in the election.
“The voting was close to 99 per cent. I think this would perhaps be the highest-ever percentage,” Anoop Mishra, Lok Sabha, secretary general and returning officer for the election, had said on Monday.
Mishra had said while the sanctioned strength of the Lok Sabha (LS) and the Rajya Sabha (RS) is 776 (543 and 233), 771 MPs were eligible to cast their votes. There are two vacancies each in the LS and the RS, while one BJP MP, Chhedi Paswan, did not have voting rights following READ MORE

President poll: 99.5% vote, result on Thursday

Of the total 4,880 valid voters — 4,109 members of legislative Assemblies or MLAs and 771 elected members of Parliament (MPs) — 99.49 per cent on Monday voted to elect the next President of India.
Three MPs and Bharatiya Janata Party (BJP) strategists said they were confident that more than anticipated numbers of Opposition legislators and MPs voted for the National Democratic Alliance (NDA) candidate, Ram Nath Kovind.

 

The counting of votes is scheduled for July 20 but Kovind’s victory is not in doubt. The only point of interest is the margin of his victory, and whether some MLAs or MPs of the 17 Opposition parties supporting the candidature of Meira Kumar have also voted for him.

 

“The voting was close to 99 per cent. I think this would perhaps be the highest-ever percentage,” Anoop Mishra, Lok Sabha, secretary general and returning officer for the election, said.

 

Mishra said while the sanctioned strength of the Lok Sabha (LS) and the Rajya Sabha (RS) is 776 (543 and 233), 771 MPs were eligible to cast their votes.  There are two vacancies each in the LS and the RS, while one BJP MP, Chhedi Paswan, does not have voting rights, following a judicial pronouncement, he said.
Of the total 771 MPs who are entitled to vote (four vacancies and one disqualified), 768 or 99.61 per cent cast their votes.
Likewise, of the 4,109 MLAs entitled to vote (10 vacancies and one disqualified), 4,083 or read more