Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
No Confidence Motion: A Motion that can bring down Modi Government
A no-confidence motion is a parliamentary motion which is moved in the Lok Sabha against the entire council of ministers, stating that they are no longer deemed fit to hold positions of responsibility due to their inadequacy in some respect or their failure to carry out their obligations. No prior reason needs to be stated for its adoption in the Lok Sabha.
Government passed the Finance Bill, 2017 using the Money Bill route
On 22 March 2017
the government managed to pass The Finance Bill, 2017 with little or no
opposition thanks to its introduction as a Money Bill. Members in
Parliament opposed the introduction of the Bill. On Tuesday, after
Finance Minister Arun Jaitley introduced the Bill, N.K. Premachandran of
the RSP objected to the Bill as he said many amendments in the Bill did
not fall under the purview of taxation, which is what a money Bill is
supposed to be about.
This is not the
first time this government has taken the Money Bill route to pass a
controversial law. The NDA government chose to introduce the Aadhaar
(Targeted Delivery of Financial and Other Subsidies, Benefits and
Services) Bill, 2016 as a Money Bill.
Goods And Service Tax (GST)
Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging most of the existing taxes into a single system of taxation. The Constitution Amendment Bill for Goods and Services Tax (GST) has been approved by The President of India post its passage in the Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 percent of state legislatures.
Expectations: The culprit of relationship
Expectations, a simple word or a feeling which sometimes strengthens a relationship or damages it. In most of the cases, it does the latter or even worse like collateral damage!
The main culprit which creates an obstruction in the path of a selfless relationship. All we do, believe in, seek, ask for is "Expectations". All the things we do for others is not driven by the feeling of good deeds, but the selfish act of ours. What we do for others is more of a liability which one has to pay back some day (what we think as). Of course with an added amount to the principal sum. Yes, it’s like a bank deposit, that we do and wait for it to add some extra bucks in our deposit (depending upon the weight of favour), and to return whenever asked for.
DEMONETISATION: A Step Towards Better India
Demonetization, a word we have been hearing for the last one and a half year, a word when heard causes a number of questions to pops-up in our mind. What is demonetization? Why is it necessary? Most importantly why was this step taken?
Demonetization is the act of stripping a currency unit of its status as legal tender. Counterpart of demonetization is Remonetisation where a form of payment is restored as legal tender.
On Nov8, 2016 our Hon’ble PM Shri Narendra Modi demonetized Rs 500 and Rs 1000 notes. Now the question that pops-up in our mind is why? Why take a huge step such as this? Most people you will ask this question, they will simply say two words BLACK MONEY but is that true?! Think again!! Think Harder!! The primary reason this step was taken because of increased circulation of fake currency in our nation. But yes, bringing out the black money and to know the actual flow of currency in India are the secondary reasons.
Demonetization is the act of stripping a currency unit of its status as legal tender. Counterpart of demonetization is Remonetisation where a form of payment is restored as legal tender.
On Nov8, 2016 our Hon’ble PM Shri Narendra Modi demonetized Rs 500 and Rs 1000 notes. Now the question that pops-up in our mind is why? Why take a huge step such as this? Most people you will ask this question, they will simply say two words BLACK MONEY but is that true?! Think again!! Think Harder!! The primary reason this step was taken because of increased circulation of fake currency in our nation. But yes, bringing out the black money and to know the actual flow of currency in India are the secondary reasons.
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