India pitches for membership of global non-proliferation regimes

April 19, 2012

Global

New Delhi, April 19: India on Wednesday made the most persuasive case for India's "full membership" of the global non-proliferation regimes. In a major policy statement, foreign secretary Ranjan Mathai told a gathering of nuclear experts that "the logical conclusion of partnership with India is its full membership of the four multilateral regimes."

Mathai, unusually, gave a detailed exposition of India's own strategic export control regime, national laws governing trade in sensitive items and its enforcement mechanisms. The aim, said officials, was to be more open about India's own efforts and systems while making a more compelling case for New Delhi's membership to the non-proliferation regimes. India's efforts to join the four top non-proliferation regimes - Nuclear Suppliers Group (NSG), Missile Technology Control regime (MTCR), Australia Group and Wassenaar Arrangement - started out in November 2010, but the campaign is yet to acquire critical mass.

While India is yet to make a formal application to join the regimes, its proposed membership has started a debate in these clubs. Over the next few months, all four clubs will be holding their plenary sessions where the Indian case will figure prominently. The government believes the top diplomat's statement today will provide an impetus to India's case and stir the debate. Another complaint has been about India's almost brahminical approach to what its doing in the non-proliferation field. Thus far, there has been little attempt by the Indian government to explain its non-proliferation objectives, systems and mechanisms to the world. With Mathai's speech, the government is also trying to clear the cobwebs about itself to the world.

In the months since November 2010, when India made a bid to join these groups, India has held several "outreach" sessions with all four. Mathai said he was in Vienna in March for the NSG outreach, while he expected to conduct an Australia Group outreach within the next few weeks. But its now being felt in the government that the Indian campaign has to move into higher gear. Today was a sort of opening salvo. Mathai clarified India has placed 12 out of 14 of its nuclear reactors under international safeguards, which puts India well within the deadline for compliance with its separation plan. He also reiterated India's commitment to ratify the additional protocol which envisages more intrusive checks into India's civilian nuclear sector.

India's membership is not an easy decision. First, there is an NPT adherence that is seen as crucial criteria. India has not signed the NPT and is not likely to do so, as a non-nuclear weapons state. So India's membership into these groups would have to take this refusal into account. Trying to transcend this hurdle, Mathai suggested they look at the bigger picture. "There are underlying objectives and principles that are common to all the regimes to which India subscribes to fully as it has demonstrated responsible non-proliferation and export control practices and has shown the ability and willingness to contribute substantially to global non-proliferation objectives." Whether this is acceptable is not yet clear. Although India wants to join with the four regimes in tandem, the NSG is believed to be the more important one. This year, India believes that with the US at the helm of NSG, its case might be easier.

Mathai said India, has the ability to produce and manufacture a large portion of the products that are controlled by these regimes. "As India's integration with the global supply chains moves forward, it would be in the interest of the four regimes that India's exports are subject to the same framework as other major supplier countries." It effectively puts the onus elsewhere - that outside the club, India can still manufacture sensitive items and they would be unregulated by the non-proliferation regimes. This should be a powerful argument for India being inside the tent. Of course, he left unsaid the fact that China's decision to supply nuclear reactors to Pakistan without the NSG waiver, has actually emasculated the global body.

Instead, Mathai interestingly placed India's actions and objectives of strong export control systems within India's development matrix. "As India's integration with global trade patterns and supply chains deepens, it would increasingly become an important hub of manufacturing and export of high technology items. Foreign investment including through offsets for governmental procurement will strengthen our global links. Our export control system would add to the reliability and credibility of Indian companies in the global market and thus increase their competitive edge."

The foreign secretary added, "India has continued with its policy of refraining from transfer of enrichment and reprocessing technologies (ENR) to states that do not possess them and supporting international efforts to limit their spread." While India might be fully in compliance, the NSG has adopted a guideline that prevents ENR technologies from going to non-NPT states. This would put India out of the box. The current negotiations are trying to square that circle. Mathai said India supports the IAEA's fuel-bank resolution and pitched to become a supplier state. Obviously, India cannot be a full supplier if it cannot access latest ENR technologies.

India, he said, not only had a series of legislative tools to control sensitive trade - from Atomic Energy Act, Customs Act of 1962 to the WMD Act of 2005 - to a robust enforcement mechanism. Mathai said, "DGFT is in the process of introducing by June this year an online application system that would not only further ease the application process but also facilitate implementation." He added, "We view a strong and effective national export control system as an essential link between our broader national security goals and our wider foreign policy objectives."

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Agencies
April 6,2025

waqfbill.jpg

New Delhi, Apr 6: President Droupadi Murmu on Saturday gave her assent to the Waqf (Amendment) Bill, 2025, which was passed by Parliament earlier this week.

Murmu also gave her assent to the Mussalman Wakf (Repeal) Bill, 2025.

"The following Act of Parliament received the assent of the president on April 5, 2025, and is hereby published for general information: The Waqf (Amendment) Act, 2025," the government said in a notification.

Parliament early on Friday approved the Bill after the Rajya Sabha gave its nod to the contentious legislation following an over 13-hour debate.

The discussion witnessed staunch objections from opposition parties, which termed the Bill "anti-Muslim" as well as "unconstitutional", while the government responded that the "historic reform" would benefit the minority community.

The Bill was passed in the Rajya Sabha with 128 members voting in favour and 95 opposing it.

It was passed in the Lok Sabha early on Thursday, with 288 members supporting it and 232 against it.

Parliament had also approved the Mussalman Wakf (Repeal) Bill, with the Rajya Sabha giving its nod. The Lok Sabha had already given its assent to the Bill.

After the president gave her assent, it has also become a law.

Congress MP Mohammad Jawed and All India Majlis-e-Ittehadul Muslimeen (AIMIM) president Asaduddin Owaisi on Friday challenged the validity of the Waqf (Amendment) Bill in the Supreme Court, saying it violated constitutional provisions. 

Jawed's plea alleged the Bill imposed "arbitrary restrictions" on Waqf properties and their management, undermining the religious autonomy of the Muslim community.
The petition, filed through advocate Anas Tanwir, said it discriminated against the Muslim community by "imposing restrictions that are not present in the governance of other religious endowments".

Jawed, the Lok Sabha MP from Kishanganj in Bihar, was a member of the Joint Parliamentary Committee on the Bill and alleged in his plea that it "introduces restrictions on the creation of Waqfs based on the duration of one's religious practice".

In his separate plea, Owaisi said the Bill took away from Waqfs various protections accorded to Waqfs and Hindu, Jain and Sikh religious and charitable endowments alike.

Owaisi's plea, filed by advocate Lzafeer Ahmad, said, "This diminishing of the protection given to Waqfs while retaining them for religious and charitable endowments of other religions constitutes hostile discrimination against Muslims and is violative of articles 14 and 15 of the Constitution, which prohibit discrimination on the grounds of religion."

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News Network
April 1,2025

tax.jpg

As the new financial year begins, several significant financial and tax-related changes take effect from April 1, 2025. Many of these updates were announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025 and have now been officially approved as part of the Finance Bill 2025.

Some of the key changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and suspension of dividend payouts for individuals who haven’t linked their PAN with Aadhaar. Below is a comprehensive look at all the important updates.

1. Income Tax Exemption & New Tax Slabs
Under the revamped tax regime:
✅ Individuals earning up to Rs 12 lakh per year will be completely exempt from income tax.
✅ For salaried employees, a standard deduction of Rs 75,000 raises the effective tax-free limit to Rs 12.75 lakh.
✅ To claim a rebate of up to Rs 60,000, taxpayers must file their returns on time.
✅ The new tax structure applies to income earned between April 1, 2025 – March 31, 2026, and will be reflected in ITR filings for FY 2025-26 (AY 2026-27).

2. Major Changes in TDS & TCS Rules
To provide tax relief and streamline transactions, several TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amendments have been introduced:
🔹 TDS on bank interest for senior citizens has doubled from Rs 50,000 to Rs 1 lakh.
🔹 TDS on dividend income has increased to Rs 10,000.
🔹 TCS on overseas remittances under the Liberalised Remittance Scheme (LRS) has been raised from Rs 7 lakh to Rs 10 lakh.

3. UPI Deactivation for Inactive Mobile Numbers
The National Payments Corporation of India (NPCI) will start unlinking UPI IDs associated with inactive mobile numbers. If your number has been inactive for a long period:
🔸 Your bank may remove it from their records.
🔸 You could face disruptions in Google Pay, PhonePe, or any UPI-based transactions.
🔸 This change enhances security by preventing unauthorized access to old UPI-linked accounts.

4. New GST Rules
Several Goods and Services Tax (GST) updates take effect:
🔹 Multi-factor authentication (MFA) is now mandatory for logging into the GST portal, improving online security.
🔹 E-way bills can only be generated for documents issued within the last 180 days, ensuring better compliance.
🔹 Hotel room tariffs above Rs 7,500 per day are now classified as "Specified Premises," attracting an 18% GST on restaurant services.

5. Toll Tax Hike Across National Highways
From April 1, 2025, toll charges across various highways will increase:
🚗 Delhi-Meerut Expressway, NH-9: Toll for cars will rise by Rs 5 to Rs 170.
🚛 Trucks and buses will now pay Rs 580 on major highways.
🚗 Delhi-Jaipur Highway: The Kherki Daula toll plaza will maintain current rates for cars, but the monthly pass for larger vehicles will rise by Rs 20 to Rs 950.

6. End of Equalisation Levy on Digital Transactions
The Finance Act 2025 removes the Equalisation Levy, which previously imposed a 2% tax on e-commerce and 6% on online advertisements. This change aims to:
✅ Reduce tax burden on digital service providers.
✅ Attract foreign investments in India’s digital economy.

7. Positive Pay System for Cheque Payments
To prevent bank fraud, the Positive Pay System requires account holders to:
✅ Electronically submit cheque details for payments above Rs 50,000.
✅ Ensure the details match before the cheque is processed.

8. KYC Mandatory for Mutual Fund & Demat Accounts
🔹 KYC (Know Your Customer) verification is now compulsory for mutual fund and demat accounts.
🔹 Nominee details will also undergo re-verification to enhance security.

9. Major Credit Card Perk Reductions
Credit card users will see major perk reductions, particularly with SBI, IDFC First, and Axis Bank:
❌ SBI Cards will remove complimentary insurance coverage for accidents (Rs 50 lakh for air, Rs 10 lakh for rail).
❌ Reward points on SBI Cards will be slashed from 15% to just 5%.
❌ IDFC First Club Vistara cardholders will lose milestone benefits and Club Vistara Silver membership perks.
❌ Axis Bank is discontinuing Maharaja Club tier memberships and premium vouchers.

10. Minimum Balance Rules for Bank Accounts
📌 Major banks like SBI, PNB, and Canara Bank have updated their minimum balance requirements based on account location:
🏙 Urban branches will require higher minimum balances.
🏡 Rural and semi-urban accounts may have lower minimum balance thresholds.
🚨 Failing to maintain the required balance will result in penalty charges, varying by bank.

11. Unified Pension Scheme (UPS) for Government Employees
The Unified Pension Scheme (UPS), introduced in August 2024, takes effect:
✅ Central government employees under NPS can opt for UPS.
✅ Those with at least 25 years of service will receive 50% of their average basic salary as a monthly pension.

Final Thoughts

These changes, introduced as part of the Union Budget 2025, mark a significant shift in India's tax, banking, and digital transaction landscape. With higher tax exemptions, updated TDS & TCS rules, stricter banking security, and GST amendments, the new financial year aims to simplify compliance while improving financial security and economic efficiency.

Stay informed and ensure all necessary updates to your financial accounts to avoid disruptions.

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