Full text of resolution passed by Indian Parliament against Pa...

Parliament’s standing committee on finance has urged the ministry of finance for a study on the impact of the Commodities Transaction Tax (CTT) on food inflation over a period of one year and has also, again, recommended abolition of the Securities Transaction Tax (STT).The Committee, in an earlier report on the Direct Taxes Code (DTC) Bill, had  favoured abolition of STT.Finance Minister P Chidambaram had announced imposition of a CTT on non-agro commodities in the 2013-14 budget, ...

The Companies Bill, awaiting the Rajya Sabha’s approval in the current session of Parliament, has put company directors nominated by private equity (PE) firms in a quandary. Experts say the Bill, already cleared by the Lok Sabha, could increase liabilities for directors representing PE firms on the boards of investee companies. If a company is accused of wrongdoing, for instance in the case of an industrial accident, PE firms that have invested in it could stare at legal liabilities, ...

In the entire month’s recess during Parliament’s Budget session, said the Bharatiya Janata Party, the major opposition grouping, none from the government spoke to it on any of the major stuck legislation.This includes the insurance Bill and the one on a Pension Fund Regulatory and Development Authority (PFRDA).This contradicts what Finance Minister P Chidambaram was telling investors and policymakers in the US and Canada last week. For instance, he’d said in Washington: ...

Against the backdrop of the opposition’s demand for his removal, Joint Parliamentary Committee Chairman P C Chacko on Friday met Lok Sabha Speaker Meira Kumar to explain his position on the issues concerning the controversial draft report on 2G scam.    There were indications that the meeting of the JPC, which was cancelled on Thursday because of the death of a Lok Sabha member, could take place on May 2 or May 3 to adopt the report. The committee is expected to table its report ...

The negotiations between India and the European Union for a free trade agreement have been ‘intensified’, Parliament was informed on Monday."Negotiations across number of tracks including trade in goods, services, investments. . .government procurement, customs cooperation and trade facilitation, competition and intellectual property rights are underway. "Negotiations have been intensified," Commerce and Industry Minister Anand Sharma said in a written reply to the Lok Saha.So far ...

Wellington, New Zealand, Apr 17: Hundreds of jubilant gay-rights advocates celebrated at New Zealand’s Parliament as the country become the thirteenth in the world and the first in the Asia-Pacific region to legalize same-sex marriage.Lawmakers voted 77 ...

Islamabad, Apr 16: Former military ruler Pervez Musharraf’s efforts to seek election to parliament suffered another setback today when a tribunal barred him from contesting the May 11 polls from a constituency in the Pakistani capital.The tribunal ...

On the eve of Parliament’s Budget session, Home Minister Sushilkumar Shinde gave in to pressure from the principal opposition Bharatiya Janata Party (BJP) to retract a statement last month, blaming the latter and the Rashtriya Swayamsevak Sangh (RSS) ...

Budget 2013-14 proposals have not even received Parliament’s nod yet and Finance Minister P Chidambaram has already started the work on implementing the announcements.