Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
This is another measures to meet deficits raised by wrong policies.
I’m surprised with sc verdict on the case.
This AGR system have no logic. Why should one pay 8% of revenue on top up with other applicable taxes.
This purely a mess by DOT and all these verdict is only to help Jio nothing else.
This way the telecom sector will be completely monopoly.
Many employees will loose jobs.
Now that SC has rejected the appeal, the pressure will be on the Central government to let go the dues which were not paid for last 20 years by these companies and also for which no cash provision was made by them for being under legal dispute. If government agrees for the waiver under the threat that these companies can go bankrupt and disrupt the market, it means that the rise of Jio and the benefit the consumer got by way of cheap telecommunication services were in effect financed subsequently by the government and in effect by the tax payers!
In cases of such tax disputes with the government, the courts ought to stipulate depositing at least 50% of the amount in dispute from time to time with the Court so that even if the tax liability is upheld later by the court, the companies will have at least some funds to meet it at the time of the court decision.
This is another measures to meet deficits raised by wrong policies.
I’m surprised with sc verdict on the case.
This AGR system have no logic. Why should one pay 8% of revenue on top up with other applicable taxes.
This purely a mess by DOT and all these verdict is only to help Jio nothing else.
This way the telecom sector will be completely monopoly.
Many employees will loose jobs.
Now that SC has rejected the appeal, the pressure will be on the Central government to let go the dues which were not paid for last 20 years by these companies and also for which no cash provision was made by them for being under legal dispute. If government agrees for the waiver under the threat that these companies can go bankrupt and disrupt the market, it means that the rise of Jio and the benefit the consumer got by way of cheap telecommunication services were in effect financed subsequently by the government and in effect by the tax payers!
In cases of such tax disputes with the government, the courts ought to stipulate depositing at least 50% of the amount in dispute from time to time with the Court so that even if the tax liability is upheld later by the court, the companies will have at least some funds to meet it at the time of the court decision.