[The following was the forwarding note to the mail, 'Key Bills May Not Be Passed in Budget Session of Parliament ' (see: <https://groups.yahoo.com/neo/groups/india-unity/conversations/messages/56125>), posted on May 5 last:
So, the dream run appears to be over. The bills pertaining to GST, Real Estate, Land Acquisition, Land Boundary Agreement, and amendments to Juvenile Justice are reasonably sure to face pretty rough weather. Only the Black Money Bill is likely to sail through.] End The Bills pertaining to GST and Real Estate are referred to the Select Committees. The LBA Bill is modified to reincorporate Assam and thereby brought back to its earlier shape. The Land Bill eventually goes to the "Joint Committee".] I/II. http://ibnlive.in.com/news/government-sends-land-bill-to-joint-committee-of-parliament/545042-37-64.html Government sends land bill to joint committee of Parliament CNN-IBN @ibnlivepolitics New Delhi: With no consensus in sight and the government facing a number crunch in the Rajya Sabha, the contentious land bill has been referred to a joint committee of both Houses of Parliament and the GST bill to a select committee of the Upper House. A 30-member joint committee will be set up to examine the land bill and SS Ahluwalia will be the chairperson of the parliament panel. Almost the entire Opposition is against the land bill that proposes changes in the earlier law of 2013 in this regard. Government sends land bill to joint committee of Parliament A 30-member joint committee will be set up to examine the land bill and SS Ahluwalia will be the chairperson of the parliament panel. The select committee on GST could have either 15 or 21 members. While AIADMK is the only party to have declared its opposition to the economic reform measure, Congress is insisting that it should be sent to a Select Committee for examining the changes that were brought into it by the NDA dispensation. The main Opposition party, which treats the original GST bill as its "own baby", is learnt to have assured Government that it will support the bill for passage in the next session and it could then be brought even as early as on the last day of the first week of the Monsoon session. A senior government functionary speaking on the condition of anonymity said that the government is keen that GST is approved as early as possible with the widest-possible consensus. Being a Constitutional amendment bill, it is required to be passed by both Houses of Parliament by a two-third majority. The Bill will then need ratification of more than half of 29 states before scheduled roll out in April, 2016. GST was first mooted 12 years ago but couldn't be approved as states feared curbs on their fiscal powers. (With inputs from PTI) II. http://ibnlive.in.com/news/lok-sabha-passes-bill-to-deal-with-black-money-stashed-abroad/545046-37-64.html Lok Sabha passes bill to deal with black money stashed abroad Press Trust of India @ibnlivepolitics New Delhi: Lok Sabha on Monday passed a bill to deal with black money stashed abroad through high monetary penalty and criminal prosecution with the government allaying fears that innocent people could be harassed under the proposed "deterrent" law. Piloting the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015, Finance Minister Arun Jaitley said there would be short compliance window for persons having undisclosed income abroad to come clean by paying 30 per cent tax and 30 per cent penalty. Once the compliance window closes, anyone found having undeclared overseas wealth would be required to pay 30 per cent tax, 90 per cent penalty and face criminal prosecution, he said while winding up the debate on the bill which was later approved by the House. Lok Sabha passes bill to deal with black money stashed abroad Jaitley said the law will help bring black money in the declared economy, improve tax collections and would eventually facilitate lowering of tax rates. For those wanting to come clean, Jaitley said there would be a compliance window in two parts -- to declare assets and to pay 30 per cent tax and 30 per cent penalty. Citing an example, he said, there could be a two-month window to declare overseas assets and within six months one would have to pay tax and penalty. Jaitley said the law will help bring black money in the declared economy, improve tax collections and would eventually facilitate lowering of tax rates. Noting that this bill was specifically to target black money stashed abroad, he said a separate benami bill will soon be brought before Cabinet to tackle domestic black money. "This law will act as a deterrent. It will act as a deterrent and help us in getting the assets back by people declaring them," he said, adding the law also had a provision for attachment of equivalent properties in India. Rejecting the opposition charge that the stringent provisions could result in harassment of innocent people and students, he said, "we don't want to proceed against trivial violations. But then the big fish must not get away in the garb. "Let us not fire from the shoulders of these innocent students in order to make sure that no harsh action is taken on the big fish itself." -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. 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