Govt to unfold scrapping policy for automobiles sooner: FMFM announces change in auto policy - BS-IV vehicles registered prior to March 31, 2020 to be allowed full shelf life + Addl 15% Depreciation to be allowed till March 2020 + Ban on purchase of new cars replacing old vehicles by Govt Departments liftedGovt working on solutions for home buyers and real estate promoters stuck with fund problemsFM says tax officials to be instructed not to overreach taxpayers to meet targetsNBFCs to be allowed to use Aadhar-authenticated KYC of banks: FMGovt to amend MSME Act to give ONE definition for MSME; Cabinet approval to be taken soonBank loans - Online tracking option to be given to customers for ease of knowing status + Banks to introduce one time loan settlement policyGovt decides to withdraw Surcharge on capital gains made by FPIs + Surcharge on domestic investors also guillotinedFM says All notices, including summons, by Income Tax Department to be centralised & computer-generated from October 2019 + Old notices to be either clears before Oct or to be re-generated with DIN + all notices to be cleared within 3 monthsGST - Amritsar CGST holds Annual Return Mela with practitionersSC grants relief to Chidambaram in ED case till Monday but no succour in CBI casePradhan to launch commencement of work ceremony for 10th CGD Bidding Round (See 'TOG News')TP - Company engaged in manufacturing, assembling, servicing & software cannot be held as good comparable to trading segment: ITAT (See 'TOG Latest')I-T - Where 71% of the receipts of a trust are used in furtherance of its stated objectives the same is sufficient to infer that such trust exists: HC (See 'TOG Latest')Customs - Where assessee requests for speaking order & pays duty under protest, it cannot be inferred that assessee accepted enhanced value: CESTAT (See 'TOG Latest')Central Excise - Where assessee harbored bona fide belief in respect of an issue due to conflicting precedent judgments, then extended limitation cannot be invoked: HC (See 'TOG Latest')Sabka Vishwas Legacy Dispute Resolution Scheme to be effective from Sept 01 (See 'TOG News')TP - Similarity of functions/characteristic of services rendered by comparables are indispensable for their selection for purposes of benchmarking: ITAT (See 'TOG Latest')I-T - Holding more than 20% shares in two companies is in itself insufficient to infer that loan given by one company to the other is commercial transaction: HC (See 'TOG Latest')Central Excise - Clean Energy Cess bears nature of fee & is not any duty; hence assessee is not entitled to Cenvat credit on the same: CESTAT (See 'TOG Latest')Service Tax - If assessee claims refund in bona fide before wrong authority, then reasonable course of action is to transfer such claim to that authority having jurisdiction: CESTAT (See 'TOG Latest')EPF Board to move proposal for amend scheme (See 'TOG News')Naidu urges nations to adopt Comprehensive Convention on International Terrorism (See 'TOG News')
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Naidu urges creating more Supreme Court benches to cut case backlog
By TOG News Service
Aug 12, 2019

TOG NEWS SERVICE, CHENNAI, AUG 12, 2019: THE Vice President of India, Mr M. Venkaiah Naidu recently advocated the need to set up Supreme Court benches in different regions in the country, including one at Chennai, to bring the judicial system closer to people.  Concurring with the recommendation of the Parliamentary Standing Committee on Law and Justice to have separate benches in different regions, the Vice President said that there was a need for more benches because in a country as vast as India the litigants have to travel long distances and spend a huge amount of money and energy.

Mr Naidu made such observations while addressing the gathering at the launch of a book chronicling his two years in office titled ‘Listening, Learning and Leading" by Union Home Minister, Mr Amit Shah, here yesterday. It was not only the legislature and the executive that should become more responsive to people, the judicial processes must become more people-friendly, the Vice President stressed.

Emphasising the urgency to decide election petitions and criminal cases against sitting MPs and MLAs in a time-bound manner, he said, it has been found that election petitions and criminal cases were not decided even for the entire term of the legislators defeating the very purpose of the election laws.  Calling for expeditious decisions by the Chairpersons of  Legislative bodies in cases involving disqualification of members defecting to other parties, Mr Naidu observed that the anti-defection law was not being implemented in letter and spirit. Mr Naidu said because of the inaction of the Speaker or Chairman the legislators not only continue in the new party but also become Ministers in a few cases. Such travesty of justice should not be tolerated, he emphasized and that delay in such cases would erode public confidence in the judicial and legislative bodies.

Suggesting special judicial tribunals to decide such cases in a reasonable time of six months or one year, the Vice President called for revisiting the 10th Schedule of the Constitution, containing anti-defection provisions, to ensure a time bound disposal of such cases and make it more effective by plugging loopholes. Mr Naidu also referred to the figures mentioned by the Chief Justice of India recently about heavy pendency of cases in various courts. The Vice President said the law enforcement machinery and the justice dispensing structures must be accessible, credible, equitable and transparently even-handed.

Mr Naidu said the procedure for appointment of judges might also have to be revisited and a credible, transparent process instituted which would steer clear of avoidable controversies. Stating that media - the fourth estate, also plays an important role in shaping public discourse, enhancing accountability of the government and providing news and views on various events around the world, he said "a free and vibrant media keeps democracy alive and can enrich the quality of life of people through information, education, entertainment and insightful analysis".

Cautioning against unauthentic media posts, he said there was a need for need media literacy to identify fake news, biased analysis and material intended to promote hatred, division and discontent.

Mr Naidu said "the media should be a dispassionate watchdog and an honest messenger. Media should be the catalyst of positive change and be the voice of the voiceless. It should question and seek answers and present even ugly truths in such a manner that social transformation occurs in positive direction. It should also help build public awareness and motivate people to join societal movements for cleanliness, health, hygiene and education.

Referring to the untapped demographic dividend and the fundamentally sound Indian economy that was growing faster than the economies of most other countries, he said the circumstances were excellent to transform our country and called for focussing on five Ds - ‘Discuss, Debate, Decide, Decentralize and Deliver. "This can transform the quality of our polity", he added.