Agra has long been known for the Taj Mahal, but it is also a manufacturing hub filled with micro, small and medium enterprises (MSMEs) that make everything from electronic components to metal products, from paints and chemicals to footwear. And five years after the introduction of the Goods and Services Tax (GST), the MSMEs here complain that while the indirect tax regime has been transformative, cutting out the need to file multiple taxes, its biggest drawback has been the delay in credit refunds. Whoever you speak to - MSME owners, tax lawyers, or industry bodies like the National Chambers of Industries and Commerce (NCIC), Agra Footwear Manufacturers and Exporters Chamber (AFMEC) and Agra Shoe Manufacturers Association (ASMA) - they all emphasise that the GST continues to face some key challenges.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
A jury deliberated less than 11 hours before finding Derek Chauvin guilty of all three charges against him -- second-degree murder, third-degree murder and manslaughter.
Supreme Court judge Justice DY Chandrachud, who has been asking lawyers to adopt technological interventions, on Tuesday said that he saw someone recording the court's proceedings on a cell phone and wondered "how can he do so", but then he realised this was not a big deal as nothing is confidential in an open court hearing.
APSCC Chairman Jagmohan Singh Raina talks about the life and times of the Sikh minority in a politically tumultuous region of Jammu & Kashmir.
One of the biggest lessons for cities fighting the Covid-19 pandemic has been the criticality of access to data. Mumbai, which has shown significant success in managing the second wave of the pandemic, is a case in point, reports Shivani Shinde.
A Delhi court on Tuesday ordered the release of real estate tycoons Sushil and Gopal Ansal against the jail term already undergone by them in a case of tampering with evidence in the case related to the 1997 Uphaar cinema fire, which had claimed 59 lives.
The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report- Ecowrap. The country's economy expanded by 8.4 per cent in the second quarter of 2021-22, to cross pre-pandemic levels. However, the GDP growth in July-September period was slower than the 20.1 per cent expansion in the previous quarter.
A common feature in India is the lag between the occurrence of frauds and the time they are actually reported.
Following her spat, 'Aunty National' Irani took to Facebook to speak out against her detractors. Here's the Facebook post in response to her critics which Rediff.com represents verbatim:
A unanimous decision was taken by the 30 judges of the apex court in the full court meeting headed by Chief Justice of India U U Lalit held on Tuesday evening to implement an apex court verdict of 2018 in the Swapnil Tripathi case.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
The 48-year-old Aaqib, who had also coached the UAE national team in ICC events, said that poor coaching and management decisions led to Pakistan having a bad tour of New Zealand.
Asked why the United States was targeting Putin's daughters, a senior Biden administration official said the US thought they could be in control of some of their father's assets.
China on Monday continued its unprecedented military drills around Taiwan, extending the schedule of war games launched in retaliation to the visit by US House Speaker Nancy Pelosi to the breakaway island which Beijing claims is part of its territory.
'Health will continue to be at the centre of the government's attention as it underpins economic recovery and our collective well being.'
Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.
The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
In his final address, the president said that the soul of India resided in "pluralism and tolerance.
The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.
The opposition party questioned why the government took five years after the liquidation proceedings of ABG Shipyard to lodge an FIR in connection with the alleged duping of 28 banks.
From the many large communal riots across decades to the six-hour mass cull of Muslims in Nellie, 1983; Sikhs in Delhi and elsewhere, 1984; Kashmiri Pandits, 1990; selective massacres of Hindus in Punjab, 1983-93; and Gujarat, 2002, we have failed to bring perpetrators of our biggest tragedies to account, asserts Shekhar Gupta.
Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.
'Other countries go out on a limb to save even a single life.' 'What to talk of civilian accidents and disasters, even our military does not have a priority for Combat Search and Rescue,' says Group Captain P I Muralidharan (retd).
The UN report stated that China has committed to "other predominantly Muslim communities" in Xinjiang Uyghur Autonomous Region
According to the short order, Sharif will have to submit two surety bonds worth Rs 10 million each for his release in the case.
'Pakistan was very mature in the way it dealt with the incident.' 'India too owned up to the accident.' 'The whole incident was resolved quite amicably.' 'Both countries should be proud of how they have handled this situation.'
Harmanpreet Singh won the men's Player of the Year award and Gurjit Kaur was recognised as the best player in the women's section. Veteran P R Sreejesh and Savita Punia won the best goalkeeper awards in the men's and women's section, while young striker Sharmila Devi (women) and Vivek Sagar Prasad (men) were adjudged best rising stars.
Jet Airways is seeing a churn in its senior management ahead of its planned take-off this year. Sudhir Gaur, accountable manager and acting chief executive officer, is the latest to quit the company. Finance head M Shivakumar and head of management information system (MIS) Farazad Patrawalla moved out a few weeks earlier. Gaur had been part of the initial team selected by the Kalrock-Jalan consortium, which secured approval from the National Company Law Tribunal (NCLT) last June to revive the airline.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
The Asian Development Bank has approved a US$ 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
In the short run, the government should loosen the purse strings but trying to invent new instruments is a bad idea, Banerjee said. Trust, he said, in the system is important at this point and keeping that in mind.
India abstained from a procedural vote taken in the United Nations Security Council to call for a rare special emergency session of the UN General Assembly on Russia's aggression against Ukraine, even as New Delhi welcomed Moscow and Kyiv's decision to hold talks at the Belarus border.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
The challenges before the coming Budget are more daunting than those in 2021, reveals A K Bhattacharya.
The Summit for Democracy seems to have done more harm than good, notes Ambassador T P Sreenivasan.
2015 is going to witness new agreements on climate change.
