The observations by a bench headed by Justice Ashok Bhushan came after the Centre apprised it that ongoing wave of the pandemic appears to be 'harsher' than earlier.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
Out of the 932 trains which have been operated so far, 215 are in transit while 717 have terminated at various stations. Sixty-seven more are in the pipeline, an official said.
The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth.
Prime Minister Narendra Modi on Monday announced that the central government will provide free coronavirus vaccine to states for inoculation of all above the age of 18 from June 21, and asserted that vaccine supply would be increased significantly in the country in coming days.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
Consumers are paying an exorbitant 180 per cent tax on petrol, and 140 per cent on diesel in Delhi and in most other towns in India. Little wonder then that the central government expects a staggering Rs 3.46 trillion by levying excise duties on retail sale of the two fuels this year, and Rs 3.2 trillion the next. States would generally have had reason to cheer, as they command a 41 per cent share in Centre's tax revenues. But as the Centre has raised excise duties in the form of "cess," the revenue proceeds are by nature not shareable with states.
'We have a situation where the BJP, with less than 2 per cent vote share, has 10 MLAs.'
The court said the situation is "going out of control" in Gujarat.
A bench headed by Justice L Nageswara Rao refused to entertain an application seeking a direction to the Centre to ask all district magistrates to identify stranded migrant workers and provide shelter, food to them before ensuring their free transportation to native places in view of the recent incident at Aurangabad in which 16 workers were mowed down by a goods train.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
The Centre advised nine states including Assam, Bihar, Telangana and Odisha to ramp up testing with special focus on containment zones, strictly implement containment plan, augment health infrastructure and ensure effective clinical management of COVID-19 cases.
Prime Minister Narendra Modi had announced a relief package of Rs 20 lakh crore or about 10 per cent or GDP last week. However, many of the measures unveiled have been in the form of moves like loan guarantees which do not entail an immediate fiscal cost.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission
'It is undemocratic and shows fascist tendencies.'
Experts said if the slowdown, and subsequent weakness in GST mobilisation, continued, it would curtail the Centre's resources to a considerable extent in the current financial year.
Though the Bills of Punjab and Rajasthan have a lot of similarities, the one approved by the Chhattisgarh Assembly is structurally different. None of the three has tried to address a key demand of the agitating farmers in full, which is to make all payments below the MSP, within and outside mandis, illegal.
The objective is to ensure the exchange's preparedness in the event of a natural calamity, so that any disruptions should not affect market integrity and investor confidence.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
From 2.82 per cent over a month earlier, India's COVID-19 case fatality rate declined to 2.72 per cent on July 10 and has further reduced to 2.49 per cent presently.
'The TMC forgets that if people don't stand by you, your party will never win.'
There is an upward trend in the recovery rate which was recorded at 62.42 per cent on Friday.
The government is looking at tweaking provisions of the Indian Contracts Act of 1872 to bring agreements between farmers and companies under its ambit, aiming to prevent exploitation of farm people.
'Under Section 79 of the IT Act, Facebook is mandated to exercise care. Once you have a duty, you do not have the right to silence; you need to show compliance.'
Maharashtra has reported the highest number of COVID-19 cases with 74, including three foreigners, followed by Kerala at 52 including seven foreign nationals.
'Log kehte hai desh to humne Modi ko diya hua hai, par pradesh nahi diya hai (we have given Modi the mandate to run the nation, not the state).'
The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.
'The BJP and RSS accept that the party is winning election after election because of Modi.' 'If the BJP is winning due to Modi, it will also lose due to Modi.'
16 national and regional industry bodies and sectoral business lobbies video-conferenced with Commerce and Industry Minister Piyush Goyal on Saturday and raised key concerns facing Indian industry in the wake of the 21-day lockdown over coronavirus.
The govt and the opposition appeared set for a showdown in Parliament's monsoon session.
'They are doing a good surveillance job.' 'It is not easy to undertake this task on such a huge scale given the risks.' 'But home quarantine is not effective.' 'Only institutional quarantine can bring good results.'
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
The Centre and state governments are struggling to restart at least some industrial activity as it becomes apparent that the 21-day nationwide lockdown imposed to check the spread of coronavirus disease (Covid-19) could be extended beyond April 14, and stocks of essential commodities need replenishing across the country. State governments, particularly those like Delhi that witnessed an exodus of migrant workers after the lockdown was announced, say there are not enough labourers in the city to work in factories and warehouses.
The recoveries surged to 15,35,743 with a record 54,859 more people recuperating in the past 24 hours, taking the recovery rate to 69.33 per cent. The case fatality rate has dropped to about 2 per cent, the govt said.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
There was no announcement from the government on guaranteeing a minimum basic income, which is the need of the hour. The announcements on portability of ration cards and affordable rental housing to workers are for the long and medium terms. Migrant workers need immediate relief.
It has also been decided to suspend the interstate bus services till March 31, the officials said. The decisions have been taken at a high-level meeting attended by chief secretaries of all states and the cabinet secretary and the principal secretary to the prime minister.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
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