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After social media outrage over a Budget proposal making it mandatory to get <keyword id="22574399" type="General" weightage="100" keywordseo="tax-clearance-certificate" source="keywords">tax clearance certificate</keyword>s for going abroad, the government on Sunday clarified that the proposed amendment is not for all, and only those accused of financial irregularities or having substantial tax arrears need such clearance. The <keyword id="19955404" type="General" weightage="20" keywordseo="finance" source="keywords">finance</keyword> ministry, in the Finance Bill, 2024, has proposed to add the reference of the <keyword id="20961832" type="General" weightage="20" keywordseo="Black-Money-Act" source="keywords">Black Money Act</keyword>, 2015, to the list of Acts, under which any person should clear his liabilities to obtain the tax clearance certificate. "The proposed amendment does not require all the residents to obtain the tax clearance certificate," the ministry said in a statement. As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax clearance certificate. Only in the case of certain persons, in respect of whom circumstances exist, which make it necessary to obtain a tax clearance certificate will be required to obtain such a certificate. The ministry said that the Income Tax department through a 2004 notification has specified that the tax clearance certificate may be required to be obtained by persons domiciled in India only in certain circumstances. These include - where the person is involved in <keyword id="22576180" type="General" weightage="20" keywordseo="serious-financial-irregularities" source="keywords">serious financial irregularities</keyword> and his presence is necessary in the investigation of cases under the Income-tax Act or the Wealth-tax Act and it is likely that a tax demand will be raised against him, or where the person has direct tax arrears exceeding Rs 10 lakh outstanding against him, which have not been stayed by any authority. The I-T department said that a person can be asked to obtain a tax clearance certificate only after recording the reasons for the same and after taking approval from the Principal Chief Commissioner of Income-tax or Chief Commissioner of Income-tax. Such a certificate is required to be issued by the income-tax authority, stating that such person has no liabilities under the Income-tax Act, or the Wealth-tax Act, 1957, or the Gift-tax Act, 1958, or the Expenditure-tax Act, 1987, it added.

After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters

International Olympic Committee (<keyword id="6354733" type="General" weightage="100" keywordseo="ioc" source="Orion">IOC</keyword>) on Thursday issued a final warning to <keyword id="58527" type="General" weightage="80" keywordseo="ioa" source="Orion">IOA</keyword> to "resolve its governance issues" and hold elections by December, failing which the world sports body will ban India. The executive board of the IOC, which made in Lausanne on Thursday, also decided not to recognise any "acting/interim president" after Narinder Batra's ouster as Indian Olymic Association president and said it will deal with secretary general Rajeev Mehta as the main point of contact. "... in view of the ongoing internal disputes, governance shortcomings and ongoing court cases, (IOC Executive Board) took the decision... to issue a final warning and consider the immediate suspension of the <keyword id="48949" type="General" weightage="80" keywordseo="noc" source="Orion">NOC</keyword> of India at the next IOC Executive Board meeting in December 2022 if, by then, the NOC of India is not able to address and resolve its governance issues to the satisfaction of the IOC, in the interest of sport and the athletes. "...and operate properly through its governing bodies, i.e. the Executive Committee and General Assembly, and fulfil its obligations, in particular by holding its quadrennial elections in accordance with the Olympic Charter," the IOC's letter sent to IOA read. The IOC letter sent by James McLeod, Director of <keyword id="3439289" type="General" weightage="50" keywordseo="olympic-solidarity" source="Orion">Olympic Solidarity</keyword> and NOC Relations, further said: "During this transition period, and given that the IOC does not currently recognise any 'interim/acting president' of the NOC of India, the NOC Secretary General will serve as the main point of contact to coordinate the next steps with the IOC, in close consultation and in agreement with the NOC Executive Council and General Assembly." The IOC also stated that it's Executive Board reserves the right to take any further action at any stage of the process depending on how the situation develops. The IOC also decided to postpone its session earlier scheduled to be held in Mumbai in May next year. "In view of the uncertain situation, the IOC Session that is due to take place in Mumbai in May 2023 is postponed until September/October 2023," the letter said. "Depending on the decisions that will be taken during the IOC Executive Board meeting in December 2022 relating to the NOC of India, the IOC Executive Board will decide as to whether the IOC Session in 2023 should be maintained in India or be relocated." The IOC said in order to agree on a constructive solution and establish a roadmap leading to the elections of IOA, it will organise a joint meeting with all parties concerned later this month in Lausanne. "In view of the above, we propose to organise a joint meeting on 27 September 2022 in Lausanne and my colleague J r me Poivey, Associate Director, <keyword id="5741540" type="General" weightage="50" keywordseo="noc-relations-department" source="Orion">NOC Relations Department</keyword>, will revert to you and all concerned parties accordingly for the details of this meeting," McLeod said. The IOC had also earlier threatened to suspend the IOA if it failed to conduct its election at the earliest. The IOA elections were due in December last year but could not be held due to amendments in the poll process. Last December, the IOA had formed a six-member committee to look into the amendments to be made to its constitution before holding elections so as to align it with the National Sports Code. In May this year, Batra was removed as IOA chief after the Delhi High Court struck down the post of 'life member' in Hockey India, through which he had contested and won the apex body elections in 2017. Batra later officially resigned as IOA President. After he was removed by the High Court, Batra had issued a statement, announcing his decision not to contest the IOA elections.International Olympic Committee (IOC) on Thursday issued a final warning to IOA to "resolve its governance issues" and hold elections by December, failing which the world sports body will ban India. The executive board of the IOC, which made in Lausanne on Thursday, also decided not to recognise any "acting/interim president" after Narinder Batra's ouster as Indian Olymic Association president and said it will deal with secretary general Rajeev Mehta as the main point of contact. "... in view of the ongoing internal disputes, governance shortcomings and ongoing court cases, (IOC Executive Board) took the decision... to issue a final warning and consider the immediate suspension of the NOC of India at the next IOC Executive Board meeting in December 2022 if, by then, the NOC of India is not able to address and resolve its governance issues to the satisfaction of the IOC, in the interest of sport and the athletes. "...and operate properly through its governing bodies, i.e. the Executive Committee and General Assembly, and fulfil its obligations, in particular by holding its quadrennial elections in accordance with the Olympic Charter," the IOC's letter sent to IOA read. The IOC letter sent by James McLeod, Director of Olympic Solidarity and NOC Relations, further said: "During this transition period, and given that the IOC does not currently recognise any 'interim/acting president' of the NOC of India, the NOC Secretary General will serve as the main point of contact to coordinate the next steps with the IOC, in close consultation and in agreement with the NOC Executive Council and General Assembly." The IOC also stated that it's Executive Board reserves the right to take any further action at any stage of the process depending on how the situation develops. The IOC also decided to postpone its session earlier scheduled to be held in Mumbai in May next year. "In view of the uncertain situation, the IOC Session that is due to take place in Mumbai in May 2023 is postponed until September/October 2023," the letter said. "Depending on the decisions that will be taken during the IOC Executive Board meeting in December 2022 relating to the NOC of India, the IOC Executive Board will decide as to whether the IOC Session in 2023 should be maintained in India or be relocated." The IOC said in order to agree on a constructive solution and establish a roadmap leading to the elections of IOA, it will organise a joint meeting with all parties concerned later this month in Lausanne. "In view of the above, we propose to organise a joint meeting on 27 September 2022 in Lausanne and my colleague J r me Poivey, Associate Director, NOC Relations Department, will revert to you and all concerned parties accordingly for the details of this meeting," McLeod said. The IOC had also earlier threatened to suspend the IOA if it failed to conduct its election at the earliest. The IOA elections were due in December last year but could not be held due to amendments in the poll process. Last December, the IOA had formed a six-member committee to look into the amendments to be made to its constitution before holding elections so as to align it with the National Sports Code. In May this year, Batra was removed as IOA chief after the Delhi High Court struck down the post of 'life member' in Hockey India, through which he had contested and won the apex body elections in 2017. Batra later officially resigned as IOA President. After he was removed by the High Court, Batra had issued a statement, announcing his decision not to contest the IOA elections. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/queen-elizabeth-ii-britains-longest-serving-monarch-dies-aged-96/articleshow/94088813.cms">Queen Elizabeth II, Britain's longest-serving monarch, dies aged 96</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/facebook-alert-saves-life-of-neet-aspirant-in-up/articleshow/94089419.cms">Facebook alert saves life of NEET aspirant in UP</a>

IOC issues final warning to IOA, to suspend India if elections not held by December

Telecom Regulatory Authority of India (<keyword id="6356988" type="PERSON" weightage="100" keywordseo="TRAI">TRAI</keyword>), on Wednesday, amended its <keyword id="50781" type="UNKNOWN" weightage="20" keywordseo="Mobile-number-portability">Mobile Number Portability</keyword> regulation. Starting May 3, mobile subscribers would be able to port their numbers through different operators even when they relocate to different cities. 
 
Apart from facilitating Pan-India portability, a few other changes have been made as well, which are: 
 
1. In case a post-paid subscriber has some pending bills to pay to the donor operator (previous service provider), the donor operator would have to give a notice within 30 days of the due date of the bill. After a lapse of 60 days, the donor operator wouldn’t be entitled to raise any non-payment disconnection requests with the recipient operator (new service provider). 
 
2. In case a post-paid subscriber defaults payment, the donor operator will request the recipient operator to disconnect the ported number, after which the recipient operator would give the subscriber a 15–day notice to the subscriber. If the subscriber defaults this period, the outgoing services will be barred from his number. If the subscriber doesn’t make the payment in another 15 days, his number would be permanently disconnected by the recipient operator. 
 
3. The disconnected subscribers can return to their original service provider within a period of 60 days; this time-period was 90 days before this amendment. 
 
This is to be noted that India is divided into 22 telecom circles. These are mostly bound by state; however, in some cases, one state has two different circles (like UP East and UP west) and two states are combined in one circle (like Madhya Pradesh and Chhattisgarh). 
 
At present, mobile subscribers can port their numbers only when they switch subscribers within their own circle. This was a result of MNP issues in India in January 2011. However, with this new change being implemented from May 3, subscribers would have the ease of retaining their number even when they move to a zone with a new telecom circle. 
 
Image Courtesy: EconomicTimes

TRAI Amends Mobile Number Portability Regulation

<ul><li>US President <keyword id="99719" type="PERSON" weightage="20" keywordseo="Joe-Biden">Joe Biden</keyword> and Indian Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> spoke last night and pledged to work together in rebuilding the global economy.</li><li>The two leaders also spoke about the importance of the Indo-Pacific and the role of the QUAD partnership in protecting the region.</li><li>“The President underscored his desire to defend democratic institutions and norms around the world and noted that a shared commitment to democratic values is the bedrock for the U.S.-India relationship,” said the White House. </li></ul>The US’ new President Joe Biden and India’s Prime Minister Modi will be ‘working closely’ in the coming months as the world continues to recover from the coronavirus pandemic. “The US and India will work closely together to win the fight against the COVID-19 pandemic, renew their partnership on climate change, rebuild the global economy in a way that benefit the people of both countries, and stand together against the scourge of global terrorism,” said the White House press release. Impetus on the Indo-Pacific Both leaders also agreed to continue their cooperation when it comes to the QUAD, the quadrilateral security dialogue between the democracies of India, the US, Japan and Australia. Among the four countries, India is the only one which shares a land border with China. <div type="twitter" handle="narendramodi" handlename="Narendra Modi" image="http://pbs.twimg.com/profile_images/1249934092994375680/xX66NSZP_normal.jpg" favoritecount="29009" retweetcount="4023" status="President @JoeBiden and I are committed to a rules-based international order. We look forward to consolidating our… https://t.co/eYuZmJdPSv" createdat="1612805609000" id="1358831328263741441"></div> The QUAD, on a global stage, is seen as a threat to China’s rising influence in the Indo-Pacific region. And, less than 24 hours ago, the US national security advisor Jake Sullivan called it the, “foundation upon which to build substantial American policy in the Indo-Pacific.” The four participating members may soon hold their <a href="https://www.thestatesman.com/india/quad-leaders-may-hold-first-meet-amidst-chinas-posturing-1502950806.html">first meeting this year</a>. However, there is no official word on when exactly this meeting will take place. The importance of the Indo-Pacific for the US was similarly expressed in conversations that Biden had with Australia’s Prime Minister Scott Morrison and Japan’s leader Yoshihide Suga. The question of democracy “The President underscored his desire to defend democratic institutions and norms around the world and noted that a shared commitment to democratic values is the bedrock for the U.S.-India relationship,” said the White House. This statement comes at a time when India is facing massive farmers’ protests around the borders of its national capital and also come under scrutiny for shutting down the internet for elongated periods of time. India has also fallen two places in the Democratic Index 2020 for its mishandling for the Citizenship Amendment Act (CAA). The Economist Intelligence Unit called it ‘democratic backsliding’ under the leadership of Prime Minister Narendra Modi. Internet shutdowns in India aren’t just being used to stifle the farmers’ protests but have been used excessively in Kashmir. Access was blocked for 213 days in 2020 after Article 370 of the Constitution was scrapped by the Modi government. “The leaders agreed to stay in close touch on a range of global challenges and look forward to what the United States and India will achieve together for their people and for their nations,” said the White House. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/upgrad-is-rushing-its-employees-back-to-mumbai-and-bengaluru-offices-and-relocating-many-without-more-money-or-temp-accommodation/articleshow/80752193.cms">EXCLUSIVE: upGrad is rushing its employees back to Mumbai and Bengaluru⁠ offices⁠— and relocating many without more money or temp accommodation</a> <a href="https://www.businessinsider.in/science/news/nasas-perseverance-rover-is-about-to-attempt-a-supersonic-plunge-to-mars-complete-with-a-jetpack-landing/articleshow/80757709.cms">NASA's Perseverance rover is about to attempt a supersonic plunge to Mars, complete with a jetpack landing</a>

Joe Biden and Narendra Modi spoke over the phone last night⁠— here’s what they discussed

Japan has announced a $221 million China exit subsidy for Japanese companies to shift their base to India and other regions. In April, amidst the coronavirus pandemic, outgoing <keyword id="1204728" type="PERSON" weightage="20" keywordseo="Japanese-Prime-Minister-Shinzo-Abe">Japanese Prime Minister Shinzo Abe</keyword> proposed building an economy that is less dependent on one country -- China, so that the nation can avoid supply chain disruptions. In mid-July, Japan's Ministry of Economy, Trade and Industry unveiled the first group of Japanese companies to subsidise shifting manufacturing out of China to Southeast Asia or Japan in a bid to build a more resilient supply chain. Ahead of the India-Japan summit, the Japanese government has announced it would add India and Bangladesh to a list of ASEAN countries to qualify for subsidies for Japanese manufacturers moving out of China. The move comes following a recent virtual meeting between the trade ministers of India, Japan and Australia to advance cooperation on building trusted supply chain resilience in the Indo-Pacific to reduce dependence on China, which is a major trade partner with all three countries. The SCRI (Supply Chains Resilience Initiative) is aimed to build an alternative supply chain, away from China. Commerce Minister Piyush Goyal explained, "diversification of supply chain is critical for managing the risks associated with the supply of inputs, including disciplining price volatility. We could provide the core pathway for linking value chains in the region by creating a network of reliable, long-term supplies and appropriate capacities". He further stated that the initiative could not have come at a more opportune time in the post-Covid-19 scenario when there is a likelihood of churning of supply chains in the Indo-Pacific region. He said that in May 2020, Prime Minister Modi had stressed that it is the need of the hour that India should play a big role in the supply chains. The Japanese government's supplementary budget earmarked 23.5 billion yen ($221 million) for businesses that wish to move their production to Southeast Asian nations from China. The country's manufacturers can now receive subsidies for pilot programmes and feasibility studies. The Japanese government's programme aims to ensure a steady supply chain of products like medical supplies and electrical components in case of any emergency. Currently, Japanese companies' supply chain relies heavily on China. The issue came to light during the Covid-19 pandemic when supplies from China were cut off. In the second round of applications, projects would contribute to the ASEAN-Japan supply chain, assuming that relocation will occur to India and Bangladesh. Feasibility studies on decentralising manufacturing plans were also carried out along with the experimental introduction of facilities. The first round of subsidies, which was announced in July, granted around 10 billion yen to 30 companies relocating their production sites to Southeast Asia. Another 57 firms are also receiving support for moving manufacturing facilities to Japan. Exodus of Manufacturing: Impact on China The movement of production capacity from China will increase unemployment in the communist country as jobs move away. The US-China trade tensions have already cost about two million industrial jobs in China. Its border aggression with India has seen the latter severe its trade and business ties giving China a major economic blow. China wants to move up the value chain and produce more high-tech goods as it has repeatedly indicated, for which it needs FDI and more open trade. China is beginning to miss out on these two factors as a result of the US-China trade war, tensions with neighbours on account of aggressive behaviour and suspension of human rights in Hong Kong. In the medium to long-term, China could see a larger negative effect on productivity. A reduction in productivity growth will hurt China's potential growth rate, which increasingly relies on technological innovation, rather than, for example, labour force growth. Finally, global value chains from China will be disrupted with countries like India, Bangladesh and the southeast Asian region taking away the giant's business. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/its-not-just-india-chinese-intelligence-has-its-eye-on-more-than-2-4-million-individuals-across-the-us-japan-canada-australia-and-the-uk/articleshow/78101034.cms">It's not just India — Chinese intelligence has its eye on more than 2.4 million individuals across the US, Japan, Canada, Australia, and the UK</a> <a href="https://www.businessinsider.in/defense/news/india-china-border-tension-will-be-in-focus-as-the-parliaments-monsoon-session-begins-today/articleshow/78098575.cms">India-China border tension will be in focus as the Parliament's Monsoon session begins today</a> <a href="https://www.businessinsider.in/finance/banks/news/all-eyes-on-parliaments-monsoon-session-the-banking-regulation-amendment-bill-2020-may-not-be-on-the-docket-for-long/articleshow/78101791.cms">All eyes on Parliament's Monsoon session — the Banking Regulation (Amendment) Bill 2020 may not be on the docket for long</a>

Japan offers $221 million as 'China-exit' subsidy for Japanese companies

<ul><li>Last month, <keyword id="152170" type="COMPANY" weightage="20" keywordseo="Saudi-Aramco">Saudi Aramco</keyword> signed a joint venture agreement with three Indian <keyword id="6359072" type="UNKNOWN" weightage="20" keywordseo="oil">oil</keyword> companies to develop a $44 billion refinery in the port city of Ratnagiri, in the state of <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword>. </li><li>The proposed refinery that will require 15,000 acres of land and is targeting a daily output of 1.2 million barrels a day. </li><li>However, around 80% of the land required is currently used for mango and cashew plantations, as well as fishing.</li></ul> The expansion plans of Saudi Aramco, the world’s largest oil company by revenue, are being threatened by an unlikely force - India’s mango farmers. Last month, the Saudi government-owned oil giant signed a joint venture agreement with three Indian oil companies -- Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum -- to develop a $44 billion refinery in the port city of Ratnagiri, in the state of Maharashtra. Thousands of farmers, however, are challenging the project by refusing to give up their land. Saudi Aramco will own a 50% stake in the proposed refinery, which will require 15,000 acres of land and is targeting a daily output of 1.2 million barrels a day. The Saudi Arabian oil giant is <a href="https://www.bloombergquint.com/business/2018/05/12/proposed-ratnagiri-refinery-gets-another-middle-eastern-investor#gs.V4g4ztY">planning to dilute its stake</a> and bring the Abu Dhabi National Oil Company (ADNOC) aboard. The refinery will give both companies an assured demand for their crude oil. The refinery’s Indian promoters have touted the number of jobs the project will create, estimated to be around 150,000, to no avail. To allay concerns, they have also pledged to maintain tracts for mango and cashew plantations. An uneasy trade-off The project, which has been in the works since 2015, is important to increasing India’s refining capacity and securing a steady domestic supply of oil. This is an urgent need given the high cost of importing oil and the government’s ever-widening current account deficit. However, the immediate cost to the farmers in the Ratnagiri region isn’t insignificant. Around 80% of the land that has been earmarked for the refinery is used by these farmers to grow mangoes and cashews, and by fishermen. Around <a href="https://economictimes.indiatimes.com/industry/energy/oil-gas/saudi-aramcos-rs-3-trillion-india-project-will-political-agitation-kill-yet-another-big-venture/articleshow/63954105.cms">22,000 farmers and 4,500 fishermen</a> are expected to be impacted. Farmers from 14 villages in the Ratnagiri area are protesting against the project. The issue has reached fever pitch, with Opposition parties like the Congress offering their support to the farmers. Even the Shiv Sena, <a href="https://www.ndtv.com/india-news/shiv-sena-to-go-it-alone-in-2019-general-elections-1803544">a breakaway ally</a> of the BJP government in Maharashtra, <a href="http://www.business-standard.com/article/current-affairs/won-t-allow-ratnagiri-refinery-to-be-set-up-at-any-circumstance-uddhav-118041201104_1.html">has opposed the project.</a> A thorn in the government’s side The civil resistance to <keyword id="6364579" type="UNKNOWN" weightage="20" keywordseo="land-acquisition">land acquisition</keyword> has been a proverbial thorn in side for the Narendra <keyword id="6354642" type="PERSON" weightage="20" keywordseo="Modi">Modi</keyword> administration. A number of <a href="https://www.financialexpress.com/industry/infrastructure-narendra-modis-pet-mega-highway-projects-make-little-progress-land-acquisition-protests-cash-crunch-blamed/571909/">transport and infrastructure projects</a> have been stalled, including a <a href="https://www.hindustantimes.com/india-news/gujarat-farmers-protest-against-bullet-train-land-acquisition-process/story-nCgyWlcO89qaKtxe3tLioO.html">landmark bullet train programme</a> in Gujarat. Taking advantage of an impasse in the recently-concluded session of Parliament, the government was able to pass <a href="https://economictimes.indiatimes.com/news/politics-and-nation/two-bills-passed-amid-din-in-lok-sabha-proceedings-remain-paralysed/articleshow/63313989.cms">the Specific Relief (Amendment Bill)</a> without any discussion. The bill, which is pending in the Rajya Sabha, prevents courts from imposing injunctions in cases involving infrastructure projects wherein property rights are alleged to be violated. The move followed the Modi government’s <a href="https://www.firstpost.com/business/land-acquisition-mess-will-the-real-narendra-modi-please-stand-up-2380400.html">failed attempts to water down the protection clauses in the country’s Land Acquisition Bill</a>, which was passed in 2013. Under the bill, 70% of the relevant land-owners are required to give their consent for an acquisition to go through. The promoters of the Ratnagiri project are still optimistic. For its part, the Maharashtra government is looking into the possibility of <a href="https://timesofindia.indiatimes.com/city/nagpur/vidarbha-best-location-for-proposed-refinery-ashish/articleshow/63887064.cms">relocating the project</a> to the landlocked region of Vidarbha. The refinery was initially supposed to commence operations by 2022. But now, given the current unrest, that looks highly unlikely. The land acquisition might even be delayed until the end of 2019, when both national and state elections in Maharashtra are concluded. India will have to continue to source most of its oil requirements from other countries until then.

Thousands of farmers are challenging India’s refinery project with Saudi Aramco

People who live away from their home or haven’t bought a home yet would know this better. Each time you plan to shift your home, you know the dark side of it. The people who would help you in shifting are the ones belonging to a sector that is by and large unorganized. While there are a few options for corporate companies to help you out, but many a times, there price range isn’t very comfortable for your pocket. 
 
While not many lawmakers in government are keen on this sector, but for the common man’s sake, it’s the need of the hour. 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> spoke exclusively to Aakanksha <keyword id="18837" type="PERSON" weightage="20" keywordseo="Bhargava">Bhargava</keyword>, the CEO and President of PM Relocations (PMR), a leading packers and movers service across India. 
 
Here’s what Bhargava feels need to be decided in the budget 2017 for a smoother shifting experience. 
 
• Corporate tax rate should be minimised to 25%. (which is currently 30%) and service tax to 12% (which is currently 15%) : India’s growth pace is among the highest in the world yet there are many challenges confronting the economy. There isn’t any sector which is left unaffected by the corporate taxes and which ceases the growth and stability of the particular sector, the relocation industry is also facing the challenges of high private sector investments and the consumers are affected by it immensely. 
 
To ensure the involvement and more business for the industry it is equally important to lower the corporate as well as the service taxes. This is equally challenging but the budget gaps can be filled by measures like widening the tax base, making use of funds available for public sector and etc. We suggest that the idea of bringing down the corporate tax by 25% and service tax by 12% would definitely add in the global development and employment creation too. 
An appropriate tax system for rental costs which is currently subject to service tax and TDS at higher rates. The finance ministry could excise the service tax and TDS application on warehouse rental costs which has been of contention for some time. 
 
• Service taxes should be on payments and not revenue incurred: Apart from the service tax applied on payments in a business transaction, the taxes applied on the revenue generated makes it more difficult to the industry to get benefitted. It should be an amendment in the budget that services tax to be imposed on the payments but not on the revenue collection. This way the industry will be able to grow financially and more business will be created for the industry. 
 
• National road network should be improved. An efficient road network ensures low breakdown and better shipments: When the road network is improved, it will definitely mean more and efficient shipments. A complex geography like India needs a good array of efficient roads. If the government works down on making a good national road network, it makes the move completed without any particular damage which in turn ensures more business for the relocation industry. 
 
Also, a good transport and an efficient road system is a must for the common man too, they want to enjoy a hassle free ride too! 
 
• Subsidies on adoption of the technology, transport, freight and warehousing: Making subsidies on adoption of technology, transport and freight system ensures productivity in the Packing and moving industry. It is important that technologies are embraced by stakeholders across various departments, vehicles, tracking, warehousing, packing, material handling, management systems, etc. In order to meet up with the growth requirements of the relocation industry, it is very important for the industry to grow. Also collaborative and platform ecosystems that encompasses the entire ecosystem of stakeholders needs to be encourage to get optimal benefit. Either new start ups could be given benefits to undertake developments or subsidies could be rolled out for adoption and participation.

Shifting homes may be easier next time if
Jaitley focuses on these things in Budget 2017

Good morning! Welcome back to <a href="http://newsletter.businessinsider.com/join/10-things-in-politics">10 Things in Politics</a>, your look at the biggest stories in DC and beyond. <a href="http://newsletter.businessinsider.com/join/10-things-in-politics">Sign up here to receive this newsletter.</a>Send tips to bgriffiths@insider.com or tweet me at <a href="https://newsletter.businessinsider.com/click/23651694.10534/aHR0cHM6Ly90d2l0dGVyLmNvbS9CcmVudEdyaWZmaXRocz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PTEwX3RoaW5nc19wb2xpdGljcw/5cf970723f92a452082ea752B2613a111">@BrentGriffiths</a>.Here's what we're talking about:<ul><li><a href="https://www.businessinsider.com/biden-sanders-aoc-progressives-100-days-vaccines-stimulus-minimum-wage-2021-4">What Bernie and the left love about Biden's first 100 days</a></li><li><a href="https://www.businessinsider.com/donald-trump-florida-mar-a-lago-bedminster-golf-2021-4">Trump is plotting a big move this summer</a></li><li><a href="https://www.businessinsider.com/florida-company-took-over-pentagon-internet-space-comcast-trump-2021-4">A Florida company that took over Pentagon internet space now controls more than AT&amp;T or Comcast</a></li></ul>With Jordan Erb.One thing to look out for today: Biden is set to talk about the pandemic at 1:15 p.m. Eastern Time. <a href="https://www.businessinsider.com/biden-set-to-loosen-rules-for-masks-outside-report-2021-4">He is expected to announce new guidance on outdoor mask-wearing.</a>1. NEARING 100 DAYS: President Joe Biden is feeling the Bern' a lot more than progressives expected. They are not ready to crown him the next FDR, but key leaders of the new left praised the president for his first 100 days. It also helps that senior White House officials, including the chief of staff, Ron Klain, have kept an open door to them. Insider caught up with 14 progressive lawmakers, leaders, and activists to get their take.<a href="https://www.businessinsider.com/biden-sanders-aoc-progressives-100-days-vaccines-stimulus-minimum-wage-2021-4">Here's a peek at their report cards for Biden:</a>Sen. Bernie Sanders hailed the passage of Biden's $1.9 trillion COVID-19 relief plan: "I think he is showing the kind of leadership and providing the kind of agenda that working families in this country want and need," Sanders told Insider.<ul><li>"A-": The former House Progressive Caucus chair Rep. Mark Pocan, who campaigned for Sanders, gives Biden a high mark for what he called a "willingness to do things that are maybe not progressive or conservative but absolutely necessary."</li><li>Progressives point to the major implications of the law: "Definitely cutting child poverty in half is good," said former Ohio state Sen. Nina Turner, who is running for Congress. "I want to see us go and get that other half." <a href="https://www.businessinsider.com/stimulus-house-democrats-plan-monthly-child-tax-credit-payments-2021-4">Democrats are already trying to make some changes permanent</a>.</li></ul>High marks are also given for the White House's openness: "I don't know how he does it, but he seems to always be available for a phone call, for an email, for a text," Faiz Shakir, Sanders' chief political advisor and 2020 campaign manager, said of Klain. He added that if Klain "says 'yes,' you can take it to the bank."Where there's room for improvement: One of progressives' biggest disappointments comes from the failure to pass a $15-an-hour minimum wage - though Biden is expected to issue an order later today <a href="https://www.businessinsider.com/biden-executive-order-enacting-minimum-wage-federal-contractors-2021-4">requiring federal contractors to pay workers on federal business at least that amount</a>.<ul><li>They won't wait forever: "If the minimum wage isn't raised to $15 by the '22 election, we're going to have to elect people who are going to pass the $15 minimum wage," said Joe Sanberg, a national advocate for raising the minimum wage who has worked closely with the Biden administration.</li></ul><a href="https://www.businessinsider.com/biden-sanders-aoc-progressives-100-days-vaccines-stimulus-minimum-wage-2021-4">Here's how one progressive says Biden can enter the "pantheon" of presidents.</a>2. Republicans look to gain the most from the 2020 census shift: States in the Sun Belt and the West are expected to gain seats in the House of Representatives, while states in the Upper Midwest and the Rust Belt are poised to lose congressional representation based on the latest round of reapportionment. <a href="https://www.businessinsider.com/states-gain-lose-house-seats-2020-census-2021-4">Texas is the clear winner, gaining two seats</a>.Where things stand:<a href="https://www.businessinsider.com/states-gain-lose-house-seats-2020-census-2021-4"><div type="image" title="Ez7OeNjVkAQgV4M" height="675" width="1200" msid="82274053" hostid="261"></div></a><ul><li>New York lost a House seat by just 89 people: <a href="https://www.businessinsider.com/new-york-lost-house-seat-by-89-people-census-bureau-2021-4">Instead, Minnesota was able to keep all eight of its seats by the narrowest of margins</a>.</li></ul><a href="https://www.washingtonpost.com/dc-md-va/interactive/2021/2020-census-us-population-results/?itid=hp-top-table-main">Overall, the US population grew at the second-slowest pace in history.</a>3. Mask guidelines set to loosen today: Dr. Anthony Fauci previewed some of the changes over the weekend, saying the Centers for Disease Control and Prevention would soon update its guidance for mask use outdoors. <a href="https://www.businessinsider.com/biden-set-to-loosen-rules-for-masks-outside-report-2021-4">Even people who haven't received a shot are expected to be covered by the announcement</a>. | <a href="https://www.businessinsider.com/donald-trump-florida-mar-a-lago-bedminster-golf-2021-4"></a>Elsewhere, <a href="https://www.businessinsider.com/west-virginia-100-savings-bond-16-35-vaccinated-covid-2021-4">West Virginia is literally paying some people to get vaccinated</a>.<ul><li>The US says it will share its entire AstraZeneca supply with the world: As many as 60 million doses are expected to be available for export in the coming months after the vaccine clears safety reviews, the Associated Press reports. The destinations for the doses have not been finalized, <a href="https://www.businessinsider.com/ap-exclusive-us-will-share-astrazeneca-vaccines-with-world-2021-4">but Canada and Mexico have asked the US to share more vaccines</a>.</li></ul>4. Trump is heading back to the Garden State: Like many Florida snowbirds, former President Donald Trump plans to flock back up north for the summer. Trump advisors told Insider that Trump and his relatively small team were discussing when to vacate Mar-a-Lago and temporarily relocate to his golf club in Bedminster, New Jersey. <a href="https://www.businessinsider.com/donald-trump-florida-mar-a-lago-bedminster-golf-2021-4">More on the move - and how it'll shift the epicenter of GOP politics.</a>5. Gov. Gavin Newsom will face a recall: California officials say the GOP-led effort has met the threshold to force a special recall election. Barring a last-minute change, Newsom will face voters this year on an explicit up-or-down vote. This would be only the second gubernatorial recall in California. <a href="https://www.businessinsider.com/california-governor-gavin-newsom-face-recall-election-2021-4">The first one ended with Arnold Schwarzenegger as governor</a>.<ul><li>What happens if he's recalled?: On the same ballot, voters would be asked to choose from a list of replacements. A plurality would win. A slew of Republicans, per the Los Angeles Times, are running, <a href="https://www.latimes.com/california/story/2021-04-26/california-governor-gavin-newsom-face-recall-election">including Caitlyn Jenner, former Mayor Kevin Faulconer of San Diego, and former Rep. Doug Ose</a>. But for now, polling indicates Newsom is likely to stay.</li></ul>An ex-cop, anti-vaxxers, and Mike Huckabee: <a href="https://www.businessinsider.com/gavin-newsom-recall-california-people-behind-campaign-orrin-heatlie-2021-4">These are the 17 most prominent people behind the recall efforts.</a>6. Federal officials will investigate the Louisville police in the aftermath of Breonna Taylor's death: Attorney General Merrick Garland announced the inquiry, the second investigation into a police department announced in the past two weeks. <a href="https://www.businessinsider.com/the-doj-is-launching-a-policing-probe-in-louisville-kentucky-2021-4">More on the investigation here</a>.<div type="image" title="india covid" height="960" width="1920" msid="82274055" hostid="261"></div>7. India's graveyard workers are burying more than three dozen COVID-19 victims a day: One gravedigger told Insider his family had worked at a cemetery for three generations. <a href="https://www.insider.com/india-graveyard-workers-are-burying-dozens-covid-19-victims-day-2021-4">They cannot recall another time when bodies were coming in so frequently</a>. Photos <a href="https://www.insider.com/photos-reveal-india-crisis-surge-covid-19-infections-2021-4">show the extent of the devastation</a>.<ul><li>The global response: <a href="https://www.businessinsider.com/us-sending-oxygen-supplies-covid-19-vaccine-materials-to-india-2021-4">Biden pledged America's support during a call with Prime Minister Narendra Modi.</a></li></ul>8. These are the stocks that lawmakers are trading: Republican Rep. Anthony Gonzalez of Ohio has invested up to $250,000 in the healthcare company GoodRx, perhaps best known for the omnipresent ad campaign. While Republican Sen. Rick Scott, a wealthy possible 2024 presidential contender, continues to make big bets on bonds. Scott invested up to $250,000 last month on New Jersey Turnpike Authority revenue bonds.Finally, Democratic Rep. John Yarmuth of Kentucky dumped Warren Buffett's holding company in early March, while Republican Rep. Mo Brooks of Alabama bought up to $15,000 in shares.<a href="https://www.businessinsider.com/post/preview?post_id=608357818fdef855fa7f7b15&amp;mode=desktopktop">Read the rest of our exclusive roundup.</a>9. A major gun-control case is headed to the Supreme Court: The high court will determine whether New York's limits on concealed carry violate the Second Amendment. It has been more than a decade since <a href="https://www.washingtonpost.com/politics/courts_law/supreme-court-guns-second-amendment-national-rifle-association/2021/04/26/83e865c8-a690-11eb-8c1a-56f0cb4ff3b5_story.html">the Supreme Court has issued a major opinion on gun control</a>, per The Washington Post. The court's new, firm conservative majority may hint at why justices elected to hear the case.<a href="https://www.businessinsider.com/supreme-court-2nd-amendment-new-york-gun-permit-2021-4">A ruling could drastically alter attempts to legislate stronger gun protections.</a>10. The US military has misplaced seven nukes - four of which have never been found: Since 1956, there have been seven cases of doomsday devices wandering off. <a href="https://www.businessinsider.com/times-us-military-lost-nuclear-weapons-and-never-found-them-2021-4">Some of them are still MIA</a>.<ul><li>A mysterious Florida internet firm took over a giant slice of the Pentagon's internet: Minutes before Trump departed office, Global Resource Systems LLC took over millions of Pentagon IP addresses. The Pentagon responded to the news but didn't explain why it entrusted a firm that appears to lack experience handling such business. <a href="https://www.businessinsider.com/why-pentagon-internet-controlled-florida-company-2021-4">More on that major unanswered question</a>.</li></ul>One last thing.Today's trivia question: <a href="https://www.businessinsider.com/donald-trump-national-portrait-gallery-presidential-debut-photo-2021-4">With presidential portraits in the news</a>, who is the only president not to have his face depicted in his official White House portrait?<ul><li>Yesterday's answer: At just 14, Fidel Castro wrote to FDR. He praised the president and asked for $10. <a href="https://prologue.blogs.archives.gov/2014/09/26/fidel-castros-childhood-plea-to-president-roosevelt/">Castro later said he received a reply but no money</a>.</li></ul>

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