 A ministerial panel headed by Maharashtra Finance Minister Sudhir Mungantiwar will examine uniformity of taxation on lottery under GST or other issues arising out of it. Under GST, state-organized lottery falls under the 12% tax slab while state-authorized lottery attracts 28% tax. The GoM for the lottery will submit its report to GST Council in the next meeting for approval. |
| Source: Money Control |
 The government has constituted a seven-member Group of Ministers (GoM) to boost the real estate sector under the GST regime. Deputy Chief Minister of Gujarat Nitin Patel is the convener of the GoM. Finance Ministers of Maharashtra, Karnataka, Kerala, Punjab and Uttar Pradesh and the Panchayat Minister of Goa are the members. The committee will examine legality of inclusion and exclusion of land or any other ingredient, in composition and suggest valuation mechanism. |
| Source- DD News |
 The Madras High Court has set up an expert committee to find a solution to root out invasive species of plants from the Western Ghats. The committee shall be headed by Cherukuri Raghavendra Babu, the chairman of the expert committee on invasive species in Chennai National Biodiversity Authority. It has also directed the panel to file a report on the ways to weed out such species within two months. A division bench of justices M M Sundaresh and N Sathish recently decided to constitute the committee on a batch of petitions seeking to restrain the state government from cultivating eucalyptus species in Tamil Nadu for commercial purpose. |
| Source: Business Standard |
 Bihar Deputy Chief Minister Sushil Modi will head the 7-member committee to look into revenue shortfall being faced by the states after the GST roll-out and suggest steps foraugmenting collections. The GST Council, headed by Finance Minister Arun Jaitley and comprising state ministers, had on December 22, 2018, decided to set up a group of ministers (GoM) toanalyze reasons for the shortfall in revenue collections by the states since July 2017. It would also look into structural patterns of major sectors of the economy impacting revenue collection, including the services sector. |
| Source: News On AIR |
 Market regulator Security and Exchange Board of India (SEBI) has constituted a “Research Advisory” committee which will assist in formulating policy to undertake research relevant for development and regulation of capital markets. According to SEBI, the committee would comprise prominent financial economists and market practitioners. It will be headed by Sankar De. “In order to strengthen its research function and enhance its linkage to policy making, SEBI has constituted a ‘Research Advisory Committee’ headed by Sankar De,” a SEBI statement stated. Another key task of the committee will be to maintain databases relevant for capital market regulation research. |
| Source: The Economic Times |
 According to the Ministry of Civil Aviation, islands in Andaman will soon be connected by seaplanes that can land on or take-off from the water. To facilitate the same, the government has approved flight operations on 13 water aerodrome routes under the Ude Desh ka Aam Nagrik (UDAN) scheme. The government had opened bidding under the third phase of its regional connectivity scheme, UDAN-3, in November, and had received a total of 111 proposals by 15 airlines. |
| Source: The Money Control |
 Reserve Bank of India (RBI) has constituted a High-Level Committee on Deepening of Digital Payments to encourage digitisation of payments and enhance financial inclusion. The five-member committee headed by UIDAI’s former Chairman Nandan Nilekani will include RBI’s former Deputy Governor Mr. H.R. Khan and Former Secretary, Ministry of Information Technology, Mrs. Aruna Sharma among others. RBI stated that the committee will review the existing status of digitisation of payments and suggest ways to bridge any gaps in the ecosystem if any. The committee will also undertake cross country analysis to identify best practices that can be adopted to accelerate digitisation of the economy and financial inclusion through greater use of digital payments. |
| Source: News on AIR |
 The Union Human Resource Development Ministry constituted a task force to look into the issues of suicides of the students in Jawahar Navodaya Vidyalayas. The task force has been constituted under the Chairmanship of Psychiatrist, Dr Jitendra Nagpal. The task force will look into the circumstances leading to the suicidal deaths of students residing in the hostels of Jawahar Navodaya Vidyalayas residential schools. It will also suggest ways and means to arrest the trend of suicides by students. |
| Source- AIR World Service |
 The government had notified a High-Level committee for implementation of Clause 6 of Assam Accord. Retired IAS officer M.P. Bezbaruah is chairman of the 9-member Committee. The committee will examine the effectiveness of actions since 1985 to implement Clause 6 of the Assam Accord. The clause envisaged that appropriate constitutional, legislative and administrative safeguards, should be provided to protect, preserve and promote the cultural, social, linguistic identity and heritage of the people of Assam. |
| Source- DD News |
 The West Bengal government announced two welfare initiatives for farmers. Both initiatives, which are part of the ‘Krishi Krishak Bondhu’ scheme, will come into effect from 1st January 2019. The first of the two initiatives will provide Rs 2 lakh to the family of a deceased farmer. Under the second initiative, farmers would get Rs 2,500 twice a year for growing a single crop on one acre of land. |
| Source- The Financial Express |
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