While Congress and the states ruled by non-NDA parties pushed for the Centre meeting its statutory obligation of covering the deficit, the Union government cited a legal opinion to say it had no such obligation if there was a shortfall in tax collections. The Centre as well as BJP-JD-U-ruled Bihar were of the opinion that the states should borrow to make up for the shortfall in the tax revenues that have been compounded by the COVID-19 crisis, sources said.
'The Olympics postponement may not be a political body blow to Abe Shinzo, but it is no denying that the economic cost of the postponement of the Games will be heavy for Japan,' observes Dr Rajaram Panda.
Moments that show it's an odd, odd world we live in.
These photographs are sure to take your breath away!
The fund is to invest in income generating assets such as malls, office complexes among others.
Summary of sports events and persons who made news on Thursday.
The Riversong Wave O2 looks good and feels nice to wear. But it has a few drawbacks, says Debashish Pachal.
This week's collection of unbelievably unusual images that show it's an odd, crazy world we live in.
Section 144 of CrPC, prohibiting assembly of five or more people at one spot, will be in force during the period, Thackeray had said, but refrained from terming the new curbs as a lockdown.
Michael Phelps gifted himself an early birthday present by winning the 200 metres butterfly at the US Olympic swim trials on Wednesday to punch his ticket to the Rio Summer Games.
So far the coronavirus, which originated in the Chinese city of Wuhan, has infected more than 54 million people around the world and killed over 1.3 million others.
Starting this December, for the first time ever, travellers will be able to embark on a cruise from India.
Prince George became the star of the Kensington Palace party after greeting Michelle and Barack Obama in his dressing gown and slippers.
Siddhivinayak Temple has opened a demat account to accept donations in the form of 'shares and securities' from devotees.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
'Our clients need business. For business you need workers and so we decided to help'
After entering the Peace House for the inter-Korean summit, Kim wrote in the guest book 'a new history begins now'.
Brighton and Hove Albion scored late to earn a 1-1 draw at Crystal Palace. Sheffield United and Fulham also drew 1-1 as both teams picked up their first points.
'The greatest loss from replacing the 126 Rafale proposal with the 2016 contract for 36 Rafales might not be the extra money paid, but the opportunity that India's aerospace industry lost of obtaining access to critical aviation technologies and manufacturing skills.'
The pandemic is set to become even more challenging, with migrant workers returning home, relaxations in lockdown rules, and the approaching monsoon. However, states are looking at community participation to ramp up testing and home treatment of patients
Rediff.com takes you in flashback as we rewind the best from the sporting world in the week gone by.
If you leave too much money lying in your trading account or hand over your securities to brokers, there is always the risk that they could use it to trade in the markets.
Siddhant Ganore, who has emerged as the prime suspect in the case, was detained by a special team of Vakola police who are probing the case.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
Postal service worker Kristbjorn Hilmir Kjartansson and his friend Gretar Jonsson, a film student, took 14 days to make the trip from Reykjavik to Volgograd.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
Marcus Rashford's penalty and a deflected strike from Mason Mount helped England come from a goal down to overcome top-ranked Belgium 2-1 at Wembley on Sunday and climb above them in their UEFA Nations League group.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
The Bogibeel Bridge, which was a part of the Assam Accord and sanctioned in 1997-98, is likely to play a crucial role in defence movement along the India-China border in Arunachal Pradesh.
Sebi has prohibited firms, including Greenworld Agro Industries, Mass Infra Realty, Orchid Cultivation Projects India, Aditya Global Industries and Real Tulip, from raising funds from investors through issuance of securities.
Manchester United eased the pressure on manager Ole Gunnar Solskjaer with a 3-1 win at Everton in the Premier League on Saturday with Bruno Fernandes scoring twice and Edinson Cavani grabbing his first for the club.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
Vardhan's elevation to the chairmanship of the 34-member World Health Organisation (WHO) Executive Board comes amid growing calls, including by United States President Donald Trump, to investigate how coronavirus originated in China's Wuhan city and subsequent action by Beijing.
However, metro services, schools, colleges, cinema halls and salons will remain closed, the chief minister said. Wearing masks and following social distancing norms are mandatory in the city, Kejriwal said, adding that no activity will be permitted in containment zones, except for essential services.
India had something to cheer about after missing out on a berth in next year's World Cup as they defeated China 3-3 via the penalty shoot-out, after both the teams were locked 2-2 in regulation time, to clinch the bronze medal in the eighth women's Asia Cup hockey tournament in Kuala Lumpur on Friday.
Australia came from two goals down to beat Brazil 3-2 in the women's World Cup.
Adjudged the best goalkeeper at the South American U-17 Championship in March, Borquez had a clean slate in four games to help his side secure a FIFA U-17 World Cup qualification for the first time since 1997.
Drag-flickers Rupinderpal Singh and V R Raghunath scored hat-tricks as India extended their winning run in the Asia Cup hockey tournament, trouncing Bangladesh 9-1 in their concluding Pool B match at the Sultan Azlan Shah stadium in Ipoh, Malaysia, on Wednesday.
'Saral Rozgar' is a mobile job marketplace that helps blue collared and entry-level job seekers to connect to mainstream employers anywhere in India via mobile in their own language in an affordable manner, Tech Mahindra, head mobility business, Jagdish Mitra said in Kolkata on Tuesday.
Employers are laying the welcome mat for Gen Y -- from hiring videos to claims for the coolest interview ever.
