Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: list of goods taxed at 4% :: empanelment :: VAT Audit :: ACCOUNTING STANDARD :: TDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Corporate Law »
 Government firm on tax law changes, relents on tribunal postings
 Income Tax relief on money in single parent’s account may lead to tax evasion: Law panel
 Law panel against income tax relief for single parents
 Maintenance of Accounts and other record in GST Law
 Parliament Votes to Extend Value Added Tax Law
 Taxation Laws (Second Amendment) Act, 2016 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​
 Glimpse of Invoices Revised Model GST Law
 Registration , Amendment and Cancellation under Revised GST Law
 GST council meeting: Law Ministry says only Centre can control traders
 Meaning and Scope of β€˜Supply’ – Comparative view under Revised Model GST Law vis-Γ -vis Earlier Model GST Law
 Tax Tribunal issues order against a law firm for forum shopping

Draft Regulatory Bill may be taken up in winter session
July, 24th 2014

The government is set to revive an initiative of its predecessor to make regulators of key sectors such as power, telecommunications and railways accountable to Parliament, a move that is expected to boost private investment in infrastructure.

Planning minister Rao Inderjit Singh has asked the infrastructure division of the Planning Commission to finalise the Draft Regulatory Reform Bill, 2013 by incorporating the views of different ministries, a senior government official told ET on condition of anonymity. The minister is keen to introduce the Bill in the winter session to revive investor confidence as soon as possible, the official added.

The draft Bill, if approved, will be applicable to sectors including oil & gas, coal, internet, broadcasting & cable television, posts, airports, ports, waterways, mass rapid transit system, highways, water supply and sanitation.

In 2009, the Congress-led UPA government had mooted a law to monitor the functioning of a large number of regulatory authorities in the country. The government's aim was to ensure orderly development of infrastructure services, enable competition and protect the interest of consumers through the regulators while securing access to affordable and quality infrastructure.

However, the Bill could not see the light of day during the term of the UPA government.

Last week, admitting that the regulatory commissions in the country were accountable to neither government nor Parliament, Singh said in Parliament, "The present legal framework on regulatory reforms needs some rethinking. Regulatory commissions in different sectors follow very divergent practices and require re-examination to have a uniform framework. Our government will undertake regulatory reforms in order to make them effective and answerable."

The UPA government had set a target of $1-trillion investment in infrastructure during the 12th Five-year Plan (2012-17), half of which has to come from private players. The Regulatory Reform Bill is expected to draw private players that have been wary of investing in infrastructure development for want of transparency.

The key provisions of the draft Bill include an institutional framework for regulatory commissions, their role and functions, accountability to the legislature and interface with the markets and the people. Besides, their overall functioning would be subject to scrutiny by Parliament on a yearly basis and their decision could be challenged before the appellate authority.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions