November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
Sushil Kumar Modi, who ceased to be Bihar Finance Minister following the JD (U)-BJP split, on Monday resigned as Chairman of the Empowered Committee of State Finance Ministers looking into the implementation of the proposed new indirect tax regime - Goods and Services Tax (GST).
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Union ministers and opposition parties' leaders have condemned the assault on students and teachers of Delhi's Jawaharlal Nehru University.
The council, headed by Finance Minister Arun Jaitley, will meet again on December 11 and 12 to hammer out the differences.
Registering a jump of 10 places in the rankings, Uttar Pradesh occupied the second position in 2019 as against 12th in 2018.
The disagreement between the Centre and states continued over administrative powers.
She said the situation arising out of demonetisation has triggered a sort of constitutional crisis.
Lavasa would soon be joining the Asian Development Bank as vice president
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
None of the 2,600 workers had any clue about the suspension of work notice, put up on the gate of India's oldest automobile plant last Sunday.
Jharkhand mining secretary Pooja Singhal, earlier arrested and remanded to the custody of the ED in a suspected money laundering case, was suspended by the Jharkhand government on Thursday, an official said.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
Congress leader Adhir Ranjan Chowdhury's 'rashtrapatni' remark snowballed into a major political row on Thursday with the Bharatiya Janata Party accusing the opposition party of insulting President Droupadi Murmu and demanding that Congress chief Sonia Gandhi should apologise to the nation.
The Union health ministry officials also said India was at the second stage as there is still no 'hard evidence' to say that there has been community transmission of the fast-spreading coronavirus, remarks which may provide anxious citizens with much needed assurance and hope.
Top Congress sources said they would not hold up the Bill.
As vice president and ex-officio chairman of the Rajya Sabha, Jagdeep Dhankar is inheriting a troubled legacy. Although the government faces no real numerical challenges in the Upper House, political and legal challenges are there aplenty.
The epicenter of the quake was Sonitpur and the quake occurred at 7.51 am at a depth of 17 kilometres, it said.
The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively. This comes after four companies -- Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles-- launched their initial share-sales last week to mobilise Rs 3,614 crore. So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire 2021-22.
Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.
Ahead of the first meeting of the top decision-making body in nearly eight months, finance ministers of eight states ruled by non-Bharatiya Janata Party and like-minded parties -- Rajasthan, Punjab, Chhattisgarh, Tamil Nadu, Maharashtra, Jharkhand, Kerala and West Bengal -- have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.
After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.
He also asked why the Chief Minister was concerned about people 'charged with wrongdoings' and said she should instead be bothered about the victims.
These parties also asked the Centre to present a revised comprehensive economic package that will be a 'true stimulus' and sought reversal of all unilateral policy decisions, especially pertaining to labour laws, as they put forth a 11-point demand charter before the government during a virtual meeting, called by the Congress to discuss the situation arising out of the pandemic as well as the lockdown.
Some states are taking a legal view on the state GST rate and the compensation rules ahead of the Goods and Services Tax (GST) Council meeting, which is likely to be held in mid-June, said people in the know. While the agenda is still being finalised, several states are likely to take up the matter related to GST compensation and may pitch for its continuation beyond the June 30 deadline. States would like to know how they would divide the compensation collected after June 2022 for payment of principal and interest of compensation shortfall borrowing and arrears to states, sources said.
'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'
If the prime minister says clearly there is going to be no NRC and that the Census will drop the NPR questions, the Census will proceed. He will not, observes Aakar Patel.
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
From the point of view of qualification, Murmu is probably educationally the least qualified among India's recent Presidents. But then, with the BJP in command, she will be required to do little but sign on the dotted line.
At a video conference with chief ministers and representatives of these 10 states, including Bihar, Uttar Pradesh, Punjab, Andhra Pradesh, Maharashtra and Tamil Nadu, Modi said the recovery rate has gone up which, he added, meant that government efforts have proved to be effective.
Sources claimed that Singhal was "evasive" in her replies and hence was arrested.
He was diagnosed with three blocked coronary arteries, following which a stent was inserted in one to remove the blockage.
'The NIA has shared with states concerned a list of 125 suspected activists who have close links with the JMB leadership'
The prominent recipients include Maharashtra (275), Delhi (275), Gujarat (175), Bihar (100), Karnataka (90), Rajasthan (75).
"We are boycotting tomorrow's swearing-in ceremony. When our workers are being attacked throughout the state, how can we join the swearing-in ceremony?" state BJP president Dilip Ghosh said.
The DMK leadership may now have to deal with a demand for more seats from its Congress ally in the Lok Sabha polls, predicts N Sathiya Moorthy.
In a first, Opposition-ruled states on Saturday got the Centre to delete from the records three minutes of the last GST Council meeting that provided for tweaking of agreed criteria for division of taxpayers under the Goods and Service Tax regime.
Singh, who headed the UPA coalition government between 2004 and 2014, turned 88 on Saturday.
An announcement has barred the entry of journalists in the finance ministry.
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