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Bar Council chair rejects plea for resignation; co-chair alleges irregularities

The co-chair, in a letter dated August 22 addressed to Mishra, demanded the chair's immediate resignation and an independent probe into alleged irregularities.

hindustantimes.com ·

Bar Council chair rejects plea for resignation; co-chair alleges irregularities

The Bar Council of India (BCI) chairman, Manan Kumar Mishra, has rejected demands for his resignation and allegations of financial and administrative irregularities from co-chairman YR Sadasiva Reddy. Reddy, in a letter dated August 22, demanded Mishra's immediate resignation and an independent probe into the BCI's financial transactions, appointments, and other decisions.

Mishra, however, stated that he had not received the letter and that he commanded support from two-thirds of the BCI's members. He questioned Reddy's current membership in the council, noting that he had not contested Karnataka Bar Council elections. Reddy, in a video interview, reiterated his allegations of financial irregularities, nepotism, and the NALSAR enrolment controversy.

Mishra dismissed the claims as "baseless" and "politically motivated," accusing Reddy of engaging in "dirty party politics."

Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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Large corporations received 82% more in tax breaks last year than the previous year, while small and medium-sized enterprises saw only a 4% increase. According to data from the National Tax Service, the total amount of tax exemptions for large corporations was 4.3 trillion won in 2021, up from 2.36 trillion won in 2020. The number of large corporations receiving tax breaks also rose 11.6% to 1,548. In contrast, small and medium-sized enterprises received 1.64 trillion won in tax exemptions, up 4% from 1.58 trillion won the previous year. The number of small and medium-sized enterprises receiving tax breaks was 13,310, up 4.5% from 12,737. The data also showed that the total amount of tax exemptions for all businesses was 7.3 trillion won, up 23.3% from 5.92 trillion won in 2020. The number of businesses receiving tax breaks was 17,338, up 6.3% from 16,301. The tax exemptions were for various purposes, including 2.64 trillion won for research and development, 1.98 trillion won for facility investments, and 1.24 trillion won for environmental protection. The largest beneficiaries of tax breaks were in the manufacturing sector, with 3.42 trillion won in exemptions, followed by the IT sector with 1.24 trillion won. The government has been using tax breaks to encourage businesses to invest in areas such as research and development, facility investments, and environmental protection. However, some critics have argued that the tax breaks have mainly benefited large corporations, and that the government should do more to support small and medium-sized enterprises. The government has announced plans to review the effectiveness of the tax breaks and to consider adjustments to the system.

·hani.co.kr

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