Popular Articles

Options limited for Madhya Pradesh
Will Madhya Pradesh be isolated on goods and service tax (GST) issue? If highly placed government sources, working the new tax system, are to be believed, the state government will have to follow the trend. “Eventually the state will have to implement the system, we cannot linger on. Other states like Chhattisgarh have also agreed to implement it, Gujarat government has welcomed it, Haryana has accepted it ‘in principle’ except for few points. How Madhya Pradesh can stand out?” asked an official. But the state finance minister has a long list to point out flaws in the new tax system, the main being, “The GST will bring even dal-chawal (rice and pulses) under tax net, which are exempted from VAT.”

Obama to propose size limits for banks
President Barack Obama will today propose new limits on the size of US banks after spending billions of tax-payer dollars to bail out "to-big-to-fail" firms, a senior official said.

News of the day

Kingfisher Airlines posts Rs 242 cr loss in Q1
Vijay Mallya-led Kingfisher Airlines has posted a loss of Rs 242.71 crore in the first quarter of fiscal 2009-10, as against a loss of Rs 157.87 crore reported during the same period in the previous fiscal.
Management

Bungalow in Lutyen's Delhi may flare up Congress-TMC face off

Real estate in Lutyen’s Delhi zone has the latest reason for rattle between the Congress and its biggest ally of the second UPA—the Trinamool Congress. According to top Trinamool sources, mercurial Mamata Banerjee is again angry with the Congress—even before the previous contentious issues could subside—over non-allocation of a preferred bunglow for her party office in the capital. Banerjee had zeroed in on bungalow number 14 on Bishamber Dass Marg as the ideal place to house her party office in Delhi. - PM sounds caution on financial reforms - Centre to work with states to enforce law and order - Newsmaker: Andimuthu Raja">Newsmaker: Andimuthu Raja - More power for power - FMC open to debate on extended trading hours - CPI (M) plans to do a "Singur" on Mamata But the House Committee, headed by Congressman J P Aggarwal, ruled out Banerjee"s appeal and allotted the bungalow to a BJP MP. The preferred plot has a type VII bungalow—second largest bungalow type in Lutyen"s Delhi. "I don"t have any vacant bungalow now which can be given to any Trinamool Congress MP to set up their party office. The bungalow in question has already been allotted to a senior Lok Sabha MP even before Trinamool Congress leadership sent its request. There was no question of cancelling the previous allocation and giving it to anyone else," J P Aggarwal reportedly said to close aides. Currently, the renovation of the bungalow is underway and the tenant is expected to occupy the bungalow soon. Banerjee, according to her aides, has vowed not to take any other bungalow for her party office. "It has to be either bungalow number 14 on B D Marg or nothing else," she has said. Banerjee had sought this bungalow because it"s on the other side of her Delhi residence at MS Building. "Long before it was allotted to anyone else, our party had informed the House Committee of Parliament that we would like to have it," Trinamool Congress MP and Minister of State in Urban Development Sougata Roy told Business Standard. What has irked Banerjee further is that she didn"t take any big bungalows for her own accommodation even when she was entitled to have a Type VIII bungalow—the biggest ones—as a Cabinet minister and a seven-term MP. " She doesn"t use a government car, lives in the same flat at MS Building ever since she became a MP in 1984 and pays her own food bill in office. When she wanted this bungalow for the party, she didn"t get it," said a close aide.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):