The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
The company has set an affordable ceiling price of USD 3 (around Rs 225) per dose, it added.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
Trinamool Congress Rajya Sabha leader Derek O' Brien met the agitating farmers at the Singhu border in the afternoon.
A greater payment security mechanism for power generation companies to ensure timely payouts for supply of electricity will be in focus in 2022 as stricter rules are on the anvil for 24x7 power supply amid discoms' outstanding dues at a whopping Rs 1.56 lakh crore. Mounting outstanding dues of distribution companies (discoms) to electricity generation companies (gencos) have been a perennial issue affecting the entire value chain in the power sector and are also a hindrance for the ambitious goal of 24x7 power supply across the country even when the payment for coal is made in advance. The situation persists despite the fact that discoms' dues become overdue after 45 days of generating bills and they also have to pay penal interest on the overdue amount in most of the cases to gencos.
A bench comprising Justices L Nageswara Rao and B R Gavai said it has perused the judgments submitted and was of the view that the issue does not need consideration by a larger bench.
The National Stock Exchange and the Bombay Stock Exchange have given their in-principle approvals for collecting stamp duty.
The Bharatiya Janata Party on Monday said it is concerned over dilution of RBI's autonomy with the passage of a Bill that seeks to create a joint mechanism for resolution of disputes between different financial regulators.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
The decision to roll back the farm laws will go a long way in placating the community, which had backed the saffron party wholeheartedly in the 2014 and 2019 Lok Sabha polls besides the 2017 assembly polls, and may queer the opposition's pitch for forging a social alliance of Jats and several smaller communities with Muslims, another numerically strong group in the region, against the BJP, its leaders hope.
The Lok Sabha was adjourned abruptly on Wednesday after uproar created by the Bharatiya Janata Party which wanted voting on two bills -- Judicial Accountability and 114th Constitution Amendment Bill.
''Laws are made for every citizen to get justice.' 'If there is abuse of law, then the law will have its own course correction mechanism also.'
Introduction of GST would make Indian products competitive in the domestic and international markets.
Wilful non-compliance of such mandatory features could attract imprisonment of up to a year or a fine that could go up to Rs five lakh or both.
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
The proposed National Judicial Commission, which seeks to scrap the system where judges appoint judges, is a matter of "priority" for government and a Bill in this regard will be introduced after consideration, Law Minister Ravi Shankar Prasad said.
GST is intended to create a single market and boost commerce in India's $2 trillion economy
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices and potential global financial market volatility as downside risks to economic growth. In his address after the three-day meeting of the rate-setting panel, RBI Governor Shaktikanta Das said recovery in aggregate demand gathered pace in August-September, and it is reflected in high-frequency indicators, like railway freight traffic; port cargo; cement production; electricity demand; e-way bills; GST and toll collections. "The ebbing of infections, together with improving consumer confidence, has been supporting private consumption," he said, and added the pent-up demand and the festival season should give further fillip to urban demand in the second half of the financial year.
The law, which dilutes the Indian capital's autonomy and emasculates the elected local government's powers, will be a political millstone for the party for the next elections, reports Aditi Phadnis
The Bill -- the Securities and Insurance Laws (Amendment) and Validation, Bill 2010 -- addresses concerns by RBI over its autonomy, by including its Governor as vice-chairman of the joint commission instead of making him just a member.
The procurement and distribution will be centralised though the government is yet to take a call on the initial number of doses that will be procured.
Elections are scheduled in five states of Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab.
The Supreme Court will hear on Monday a batch of petitions challenging the 121st constitutional amendment by which collegium system for appointment of judges in higher judiciary was scrapped and a new mechanism under National Judicial Appointment Commission was proposed to be put in place.
The Bharatiya Kisan Union leader, who has held a series of 'kisan mahapanchayats' in Haryana this month, also warned that the government could find it difficult to stay in power if the new agri-marketing laws are not repealed.
Since the deadline for Justice B N Srikrishna Committee's feedback is December 31, the government is unlikely to table a data protection Bill in the winter session of Parliament.
Prime Minister Narendra Modi is likely to chair a meeting with all political parties from Jammu and Kashmir on June 24 as part of the Centre's initiatives to bolster political processes, including holding assembly elections, in the union territory, officials said in New Delhi.
It is likely to be a stormy affair with divergent views on market borrowing. Centre will likely press states to borrow to make up for the shortfall, but states want either the Centre or the GST Council to do so.
The representatives of thousands of agitating farmers, who are sitting on various borders of the national capital since November 26 demanding repeal of the three agri laws, have said that the countrywide strike on Tuesday would be observed with full force.
This comes against the backdrop of rising concerns in various quarters about steep fluctuations in airfares.
A Parliamentary Committee on Wednesday recommended a composite foreign investment cap of 49 per cent in the insurance sector and supported a government Bill to amend the Act.
Digital commerce operators advertising on global social media, which earlier did not pay Google tax on their operations in Jammu & Kashmir, may now have to cough it up at 6 per cent.
The Taliban knows that Washington holds the key, points out Ambassador M K Bhadrakumar.
College is where the manicured view of the world provided by one's family, encounters new trends. It is the dawn of exploration. Wishing for a sanitised bubble on campus appears hypocritical. The correct strategy, one would assume, is to weed out the violence while retaining the right to political debate, argues Shyam G Menon.
Judges would not be allowed to delay judgements beyond three months after conclusion of arguments, according to a proposed law which lays downs standards and accountability for members of the higher judiciary.
'The entire brouhaha with regard to the CAB smacks of blatant Hinduphobia, a duplicitous exercise, morally corrupt in its construct and aimed at divesting deserving Hindus of basic human rights by raising the bogey of Muslim discrimination, and must be called out for what it is,' says Vivek Gumaste.
Notwithstanding reservations of judiciary, Parliament on Thursday took cleared two bills providing for a new mechanism for appointment of judges to higher judiciary by scrapping the collegium system that had come under attack from political parties and others.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
Vice President Hamid Ansari's visit is billed as a game-changer for India's relationship with mineral-rich Peru, Latin America's fastest growing economy. Nikhil Lakshman reports from Lima.
Vice President Hamid Ansari's visit is billed as a game-changer for India's relationship with mineral-rich Peru, Latin America's fastest growing economy. Nikhil Lakshman reports from Lima.
