Free Press Journal
  • Bill to levy 50% or 85% on black money passed

    New Delhi : Amid chaos and the Opposition’s slogans to stop “50:50 deal with black money hoarders,” the Lok Sabha on Tuesday passed a major Taxation Law (second amendment) Bill without a debate after an unprecedented rejection of amendments by Speaker Sumitra Mahajan on the ground of not getting the required President’s approval and citing urgency to pass the post-demonatisation law to impose tax on deposits made in scrapped Rs 500 and Rs