The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India's farmers, youngsters and entrepreneurs, the PM said.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
The highly-anticipated summit, which began early Tuesday, is the third engagement between Xi, 68, and Biden, 78, since February.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.
For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
Croatian ninth seed Marin Cilic reached the Wimbledon quarter-finals for the third year running after Kei Nishikori quit with a rib injury midway through their fourth round match on Monday.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
The Shiv Sena and the NCP suspect that either of them may walk into the waiting arms of the BJP. The Congress feels that the Sena and the NCP may eventually team up and marginalise it, reports Dhaval Kulkarni
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
He maintained that the laws were for their benefit and then apologised to people of the country, adding that the government could not convince a section of farmers despite its clear heart and clean conscience.
The mighty Brahmaputra, one of the longest rivers in the world passes through China, India and Bangladesh and has several tributaries and sub-tributaries.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
Images from Day 10 of the 2022 Australian Open in Melbourne on Wednesday.
Leicester pushed forward after the interval but were caught out on the break in the 64th minute when Ritchie's pass released Wilson who coolly rounded Schmeichel before sliding home.
Murthy said moral weakness and incompetence of the chairman of the board are the main reasons behind corporate scams.
Budget 2011 merely reflects the drift in the central government. Perhaps never in the history of independent India, with the sole exception of the period during Emergency, has the central government suffered from such a credibility crisis.
Pakistan Prime Minister Imran Khan on Wednesday said India will be benefitted economically by having peace with his country as it will enable New Delhi to directly access the resource-rich Central Asia region through Pakistani territory.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
'They can shift to dynamic asset allocation funds to automatically rebalance their equity exposure.'
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
'He was always opposed to a form of nationalism that was narrow, selfish and arrogant.' 'He will always remain a beacon of inspiration for freedom-loving people across the world and for movements of resistance against oppressive State power.'
Real Madrid swatted aside Granada 4-1 on Thursday to ensure the La Liga title race will go down to the wire.
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
Sharath Kamal and Manika Batra became the first Indian pairing to qualify for the mega event in Tokyo, beating World No. 8 duo of Sang-Su Lee and Jihee Jeon 4-2 in the final of the Asian Qualification Tournament in Doha.
The new governments will have to spend much more than Rs 220 billion in Rajasthan, more than Rs 160 billion in MP, and nearly Rs 30 billion in Chhattisgarh.
The ripples from November 8 may be seen in next year's state budgets.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Serena Williams survived another scare to beat older sister Venus 3-6, 6-3, 6-4 on Thursday in the latest instalment of their reluctant on-court sibling rivalry to reach the quarter-finals of the inaugural Top Seed Open in Lexington, Kentucky.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
'Magnanimity and appeasement have no place in the world of realpolitik as India has learned the hard way,' notes Vivek Gumaste in the first of a two-part column.
The Summit for Democracy seems to have done more harm than good, notes Ambassador T P Sreenivasan.
Penpix of the top men's contenders at the 2021 Australian Open
The order would ensure that the US fully collects all duties imposed on foreign importers that "cheat".
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Analysts see FY16 CAD at 0.5-0.6% of GDP.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
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