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Lawyersclubindia News


UPA favours National Judicial Service : Law Minister

   06 July 2009 at 20:48

With a view to bringing in far reaching judicial reforms, the UPA government is seriously thinking of introducing the National Judicial Service on the lines of Indian Administrative Service, Union Law Minister Veerappa Moily has said.Addressing a fun ..

Posted in Others |   192 Views


Union Budget 2009 disappoints health, legal sectors

   06 July 2009 at 20:46

The General Budget for the Financial Year 2009-10 presented by Finance Minister Pranab Mukherjee today has caused disappointment in the Health and legal sectors.Reacting to the Budget proposals, presented in the Lok Sabha by the Finance Minister, ren ..

Posted in Others |   150 Views


Sarabjit's lawyer to file fresh mercy plea before President

   06 July 2009 at 17:16

Indian death row prisoner Sarabjit Singh's lawyer will file a fresh mercy petition before Pakistan President Asif Ali Zardari on Wednesday in the wake of the Supreme Court dismissing his appeal against the capital punishment.Owais Sheikh, the new co ..

Posted in Criminal Law |   125 Views


Budget seeks to minimise impact of global recession: PM

   06 July 2009 at 16:54

Prime Minister Manmohan Singh on Monday said the Union Budget 2009-10 is aimed at minimizing the "impact of the global recession" and achieving 8 to 9 per cent growth in the medium term.Describing the budget as rural-development-oriented, S ..

Posted in Others |   145 Views


India Inc welcomes Budget with reservations

   06 July 2009 at 16:54

India Inc welcomed the focus on reviving economic growth to 9 per cent as also the indications for bold tax reforms, but expressed regret that the Minimum Alternate Tax was raised and Security Transaction Tax was let to continue."Finance Ministe ..

Posted in Taxation |   103 Views


Budget 2009-10: IT exemption limit increased, corporate tax

   06 July 2009 at 16:52

With a view to providing interim relief to small and marginal taxpayers and senior citizens, the budget 2009-10 has increased the personal income tax exemption limit by Rs 15,000 from Rs 2.25 lakh to Rs 2.40 lakh for senior citizens. Similarly it has ..

Posted in Taxation |   222 Views


Budget 2009-10 lays major emphasis on infrastructure

   06 July 2009 at 16:52

The budget has laid major emphasis on infrastructure development. The government proposes to ensure that IIFCL is given greater flexibility to aggressively fulfil its mandate.To ensure that infrastructure projects do not face financing difficulties a ..

Posted in Corporate Law |   227 Views


Tax benefits for New Pension System

   06 July 2009 at 16:51

The New Pension System (NPS) has become operational since 1st January, 2004 and is mandatory for all new recruits to the Central Government service from 1st January, 2004. Since then it has been opened up for employees of State Government, private se ..

Posted in Taxation |   183 Views


Tax reforms to be expedited, says Mukherjee

   06 July 2009 at 16:51

A new direct tax code will be introduced in 45 days and bring changes in the indirect tax structures, Finance Minister Pranab Mukherjee Monday said while presenting the union budget for 2009-10 in the Lok Sabha Monday.Reiterating his commitment to ex ..

Posted in Taxation |   80 Views


Govt scraps Commodity Transaction Tax

   06 July 2009 at 16:50

The Government abolished the Commodity Transaction Tax (CTT) that was announced in the Budget last year, but was yet to be implemented and the commodity exchanges rejoiced the decision.Finance Minister Pranab Mukherjee announced the scrapping of the ..

Posted in Taxation |   113 Views