Soon, curbs on use of cash for high-value deals: Revenue secy

November 10, 2016

New Delhi, Nov 10: The government will unveil more measures to tackle the menace of black money, including restrictions on the use of cash for high value transactions, a top official said on Wednesday, a day after the Modi administration scrapped high denomination currency notes.

rupee"There will be many more follow-up steps. Of course, it is a continuous drive and we have been taking different measures at different times," revenue secretary Hashmukh Adhia said.

"More such measures will come, what will be the cut-off we don't know," Adhia said when asked whether the government was planning to impose restrictions on cash deposits of over Rs 3 lakh. The SC-appointed special investigation team (SIT) had recommended that curbs be imposed on cash deposits+ of over Rs 3 lakh. The limit is aimed to ensure that transactions are made using credit or debit cards, cheques or drafts which can be tracked.

"The timing of the government move was decided at the highest level for a variety of reasons. We thought of all options but, ultimately, this is the best option the PM found. It was also because of travel plans. He is travelling to Japan (from Thursday)," Adhia said. The government preferred to announce the measure mid-week instead of a weekend.

He said the government had taken several measures including setting up an SIT, accepting some of its recommendations, enacting the foreign black money law, Income Declaration Scheme, benami law, scrapping currency notes of the old series and imposing excise duty on gold.

Adhia said the new move would ensure that more money flowed into the formal system. "Use more mobile wallets, plastic money," he said.

"The number of people who are paying taxes is low and even those who pay, prefer to pay bare minimum, less than the actual," he said.

Adhia made it clear that tax authorities would not immediately or randomly seek answers on cash deposits that people make now.

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News Network
July 12,2020

Hubli, Jul 12: Union Parliamentary Affairs Minister Pralhad Joshi on Sunday said that the Monsoon session of Parliament will be held with the government ensuring all health precautions for COVID-19 are followed.

"Monsoon session (of Parliament) will certainly be held. The government will do all the formalities and take all precautions," the Parliamentary Affairs Minister told reporters here.

Earlier in March, the Parliament had passed 12 bills during the curtailed budget session with Lok Sabha passing 15 bills and Rajya Sabha 13.
During the session, 19 bills were introduced in the two Houses (18 in Lok Sabha and 1 in Rajya Sabha). The two Houses were adjourned sine die after completion of the budgetary process including passage of the Finance Bill.

The second part of the session was curtailed in view of the threat of the spread of coronavirus.
On June 1, Rajya Sabha Chairman M Venkaiah Naidu and Lok Sabha Speaker Om Birla had held a detailed discussion on holding the ensuing monsoon session of Parliament in view of the coronavirus-induced norm of social distancing, sources said.

They said the leaders have taken note of reports suggesting that the fight against COVID-19 is likely to be a long haul.

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News Network
July 10,2020

New Delhi, July 10: Hours before gangster Vikas Dubey was killed in an alleged police encounter on Friday, a plea was filed in the Supreme Court demanding urgent listing for action into his "possible killing" by Uttar Pradesh Police.

Advocate Ghanshyam Upadhyay had apprehended in his plea that there is a high possibility that Dubey will also be killed in a 'fake' encounter after his arrest from Ujjain in Madhya Pradesh a day ago.

Upadhyay claimed that the UP Police was expected to "concoct the same story of encounter" for Dubey like it did when four of his associates were killed after the 2 July incident.

Dubey was the primary accused in the killing of eight policemen in Kanpur on July 2. He was arrested from Ujjain on Thursday. He was killed in a police encounter, when he allegedly tried to flee on Friday morning.

"During the hunt for Dubey and co-accused, five of his accused aides were arrested/caught and then killed by the police in the name of encounter...Thus, there is every possibility that even Dubey shall be killed by Uttar Pradesh Police like other co-accused once his custody is obtained," Upadhyay feared.

He submitted that the killing of the accused by the police in the name of encounter no matter how heinous the crime was "against the rule of law and serious violation of human rights and nothing sort of Talibanisation of the country". Upadhyay sought hearing in the matter on Friday itself, citing extreme urgency.

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News Network
April 8,2020

New Delhi, Apr 8: The Supreme Court on Wednesday suggested that all tests to identify coronavirus positive patients should be conducted free of cost and asked the Central government to look into creating a mechanism for providing reimbursement for the same.

A bench headed by Justice Ashok Bhushan, while hearing a PIL via video-conferencing, suggested that the test should be conducted free of cost in the identified private laboratories and said that the court will pass appropriate order on the matter.

The apex court was hearing a PIL filed by lawyer and petitioner Shashank Deo Sudhi seeking direction to the Centre and other respective authorities to provide free of cost the testing facility for COVID-19 to all citizens in the country.

Solicitor General Tushar Mehta submitted that 118 laboratories were doing 15,000 test capacity per day and added that 47 private laboratory chains have also been involved for the same.

During the hearing, the court asked the Centre to ensure private labs don't charge a high amount for the test and suggested that the government can create an effective mechanism for reimbursement from the government for tests.

Mehta said that they will look into the suggestion and will try to devise what can be done best.

Sudhi, on the other hand, submitted that testing of coronavirus is very expensive and therefore the Central government should take all necessary steps to provide free of cost the testing facility for COVID-19 kits and others to all citizens in the country.

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