Daily Briefing: Vinesh Phogat announces retirement; proposed changes to Waqf Act; and more | Live News

‘My courage is broken… goodbye, wrestling’ Indian wrestler Vinesh Phogat’s story of resilience is one to be told for generations to come. Which is why her announcing her retirement is perhaps as painful—if not more—as the news of her disqualification from the Paris Olympics. The wrestler had a billion hearts cheering her on as she became the first Indian woman to qualify for an Olympic wrestling final on Tuesday. She was forced to rest her medal dreams after she failed a weigh in on Wednesday morning by a mere 100…

Walkout over Vinesh Phogat’s disqualification, Waqf Act amendments: Here’s what happened in Parliament | India News

The Finance Bill (No 2) for 2024-2025 was passed in the Lok Sabha on Wednesday. Union Finance Minister Nirmala Sitharaman defended the bill amid concerns about GST on health insurance. Rahul Gandhi called for declaring Wayanad landslides a national disaster, while tensions in the Rajya Sabha escalated over various issues, including Vinesh Phogat’s disqualification and criticisms of the budget’s impact on farmers and the middle class. Finance Bill (No 2) passed The Finance Bill (No 2) for FY 2024-2025 was passed in the Lok Sabha. Finance Minister Nirmala Sitharaman, who…

Gauhati GST Dept. Can’t Benefit from an Illegal Notification Under the CGST Act

The Gauhati High Court ruled that the State GST Authorities cannot take advantage of Notification No. 56/2023-CE, which is also otherwise ultra vires the CGST Act, 2017. Notification No. 56/2023-CE related to The bench of Justice Devashis Baruah has remarked that the GST Council has not made any suggestion to date, and despite that, the Central Board of Indirect Taxes and Customs issued a Notification bearing No. 56/2023-CE on 28.12.2023, thereby extending the course to pass the order u/s 73(9) of the CGST Act, 2017 for the FY 2018-2019 up…

Aahana Kumra voices worries about influencers taking over acting jobs: ‘Should I also start dancing on social media and act like a Dilli ki aunty to get a job now?’ | Television News

Actor Aahana Kumra has completed a decade in showbiz and is certainly elated about this milestone. However, she also appears to be quite concerned about the current state of the industry. In a recent interview with Hindustan Times, the actor — who made her on-screen debut with the TV show Yudh, starring Amitabh Bachchan — expressed her concerns about social media influencers taking over acting jobs and how this impacts those who simply want to focus on acting. During the chat, Aahana also mentioned that being an actor has become…

AP HC Dismisses Petition Challenging GSTIN Cancellation Due to Alternate Remedy Available Under GST Act

The Andhra Pradesh High Court in a case mentioned that the petitioner can contest the cancellation of GST (Goods And Service Tax) registration by availing remedy u/s 30 of CGST (Central Goods And Service Tax) Act and disposed of the writ petition. The applicant Madeena Steels, proprietor is in the business of purchase and sale of iron scrap and has been regularly paying monthly returns after claiming GST ITC (Input Tax Credit) as per GST Act, 2017. On 23.06.2023 SCN was served by the 1st respondent expressing that the suppliers…

‘The act of sex I didn’t have to explain, they were already PhDs’

In a society where discussions about sex and sexuality often remain taboo, Sushmita Sen has sparked a crucial conversation about the importance of sex education for children.  In the first episode of actor Rhea Chakraborty’s podcast, the former Miss Universe reveals how her mother talked to her about sex when she was young. “My mum had these conversations even then, it was the early 90s, so when I was 14 or 15 I think. She started to talk to me about it and we had a very open conversation. So,…

Gujarat HC quashes SC/ST atrocities offence in 2019 case, says complainant misused provisions of Act | Ahmedabad News

The Gujarat High Court has quashed offences under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act in a 2019 case of alleged verbal and physical scuffle between neighbours in Ahmedabad. The court of Justice Divyesh Joshi noted in its order on July 10 that the complainant, who belongs to a Scheduled Caste community, has grossly abused the provisions of the Act. “The First Information Report (FIR) on hand is an indication of the extent the members of the Scheduled Castes can go to abuse the provisions of the…

The Inflation Reduction Act mainly affects the top 1 percent of taxpayers

[ad_1] one in new analysisThe Tax Policy Center found that the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes will increase by $6,060 (0.3 percent of after-tax income) in 2023 for the top 1 percent of households with incomes over nearly $1 million. The TPC estimates that the top 0.1 percent (income over $4.4 million) of households will have an additional burden of $41,580 (0.4 percent of after-tax income). IRAs include a mix of tax deductions and tax increases that are included in TPC’s analysis. Most…

Ignore the debate over whether the Inflation Reduction Act raises taxes on those making $400,000 or less.

[ad_1] As Congress is about to pass inflation reduction act, Washington is once again debating very little. It’s about whether Democrats are violating President Biden’s pledge not to raise taxes on families earning $400,000 or less annually. But here’s the secret: This is another ridiculous political argument. The Tax Policy Center analyzed the larger climate, health and tax bill in three different ways. The bill is very progressive every time. On average, after-tax income for low- and middle-income households will either increase slightly or not change in any measurable way.…

Who will win the battle to draft an Inflation Reduction Act?

[ad_1] President Biden and congressional Democrats won a major policy battle when Congress unanimously enacted the Inflation Reduction Act (IRA) despite Republican opposition. But who will win the political battle? It will depend on who can best articulate this complex law. Will Democrats convince voters that the laws will reduce inflation, reduce health care costs, reduce the budget deficit, save the environment, and Raising taxes on large corporations? Or will Republicans convince voters that the new law is actually about funding IRS harassment of conscientious families? There is a kernel…