The Centre managed to collect only Rs 990 crore as compensation cess in April 2020-21, almost one-ninth of the figure of Rs 8,874 crore mopped up a year ago. The subdued collection would further increase states' problems unless the GST Council, which meets next week, decides to borrow from the market.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
The Delhi Assembly on Friday suspended Bharatiya Janata Party MLA Jitender Mahajan from its one-day special session and also marshalled out BJP legislators Anil Bajpai and Mohan Singh Bisht for allegedly disrupting the proceedings of the House.
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
The minister made made it clear that "nobody can be hanged without a probe just because someone demands it".
The company will utilise this time to carry out maintenance work at its manufacturing plants.
Urban Company, the home services firm, announced a 12-point programme on Thursday to improve partner earnings and livelihood for all partners on its platform in India. The announcement comes after most women partners on the platform staged a protest last Friday, demanding better layouts and safer working conditions. Among the provisions in the 12-point programme are reduction of highest commissions in the beauty category, in which most of Urban Company's female partners work.
The SIT has been constituted and has been directed to complete the probe within a month, Shah said.
As more organisations across sectors awaken to the far-reaching benefits of having skilled data professionals on board, the demand is projected to grow by 28% by 2026, notes Subramanyam Reddy, founder and CEO, KnowledgeHut, a global edtech firm.
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
As the BCCI works out a compensation package and a formula to distribute it for the COVID-19 hit domestic cricketers, voices demanding central contracts for such players are getting louder with seasoned names like Jaydev Unadkat, Sheldon Jackson and Harpreet Singh Bhatia leading the chorus.
The City of Toronto has formally apologised to the World Sikh Organisation of Canada for 'any delay' in reinstating the Sikh security guards whose services were terminated over a 'no-beard' policy.
'Because of the COVID-19 pandemic situation today, the revenues of the states have gone down, the GST money is not coming and all the states combined have lost more than Rs 365,000 crore in revenue.' 'To make it worse, the Government of India is not compensating us for the shortfall, which it must as per its Constitutional obligations.'
Jai Singh, a resident of Tungwali village in Bathinda district, and his brother had been part of the farmers' protest at the Haryana-Delhi border against the Centre's three farm laws for the last several days, according to Bharatiya Kisan Union (Ekta Ugrahan) leader Shingara Singh.
Opposition parties on Monday lashed out at the Bharatiya Janata Party government in Uttar Pradesh for not allowing their leaders to visit Lakhimpur Kheri after eight people died in violence there during an anti farm law protest, alleging it was an attempt to cover up and demanding the sacking of Union Minister Ajay Mishra and the arrest of his son, who have been named in an FIR.
After the horrific murder of a tailor in Udaipur sparked outrage in the entire state, the Rajasthan government on Tuesday announced the imposition of Section 144 of Code of Criminal Procedure (CrPC) in all the districts for the next one month.
This is a moment when the leaders at the Centre and states must show true leadership for the sake of the country. And it is the top political leaders, not attorney generals or bureaucrats, who should be sitting together and settling this thorny issue of compensation, says Arvind Subramanian, former Chief Economic Adviser to the Government of India.
A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy.
On February 24, when Vladimir Putin announced a military operation on Ukraine, few would have thought that Indian government-owned GAIL India would feel the impact. The tensions over gas supplies were essentially a Europe-Russia problem, related to the sanctions western economies imposed on Moscow. But the EU depends on Russian imports for 40 per cent of its gas stocks, an over-dependence that Russia has underlined with Kremlin-owned Gazprom cutting its supplies through the Nord Stream 1 pipeline to 20 per cent, citing maintenance issues.
Zhang Yesui, spokesperson for China's Parliament -- the National People's Congress -- in his media briefing ahead of Friday's annual session also sought to deflect allegations that the virus emerged in Wuhan, saying that the recent reports indicated coronavirus occurred earlier in different parts of the world.
Floods triggered by the torrential rain since June 14 have wreaked havoc, inundating a vast swathe of flat land in the south and southwest of the country.
In a discussion in Lok Sabha on the COVID pandemic, members called for ban on international flights in view of the outbreak of the Omicron strain and demanded that the government 'accept responsibility' for deaths of lakhs of people during the outbreak.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
Moody's Investors Service has warned that India, along with the Philippines, Thailand, and Vietnam are highly vulnerable to volatile food and energy prices in the Asia-Pacific region as the Russia-Ukraine conflict continues to disrupt supplies and raise the cost of agricultural products, especially cereals and vegetable oils, as well as fertilizers and other agricultural inputs. This is so because these countries have a higher weighting of energy and food prices in their consumer price index (CPI) baskets, Moody's said in its report released on Tuesday. The weighting of energy and food in overall Indian CPI stands at over 55 per cent.
"Dear Naddaji, Stop losing cool and all sense of propriety. Please remember -- 10,000 security personnel were deployed for PM's rally. All arrangements were made in tandem with SPG and other agencies," Randeep Surjewala said on Twitter.
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The world's best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of $91.51 on the previous day. The current rates are a relief to India, which is 85 per cent dependent on imports for meeting its oil needs.
A group of villagers from Meghalaya allegedly vandalised and burnt down a forest office in Assam's West Karbi Anglong district, following the killing of six people in violence that occurred in a disputed area along the border between the two states, officials claimed on Wednesday.
Four persons, including a forest guard, were killed in violence at the Assam-Meghalaya border in West Karbi Anglong district in the early hours of Tuesday after a truck transporting illegal timber was intercepted, officials said.
At least 20 FIRs were registered in connection with stone-pelting during rallies held in protest against the Tripura communal violence in five districts of Maharashtra and 20 persons were arrested, police said on Saturday.
The government on Friday sought Parliament's nod for an additional Rs 54,000-crore spending mainly to meet its obligation towards GST compensation to states and defence-related expenditure. Minister of State for Finance Anurag Thakur presented the second and final batch of supplementary demands for grants in the Lok Sabha.
Patanjali Yogpeeth on Thursday confirmed that it has received a defamation notice served by the Indian Medical Association (IMA), demanding an apology from Yoga Guru Ramdev over remarks on modern medicine, and said it will give legally a 'befitting reply'.
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
A 17-year-old boy died on Friday after he was allegedly beaten up by the police in Unnao for 'violating' the ongoing 'corona curfew' in the state, his family claimed, following which a constable was suspended and a homeguard jawan sacked.
Gandhi has submitted the bill in Parliament but it is yet to be introduced.
In India, Accenture said it continues to hire, and as part of its ongoing compensation programs, it also recently recognised a number of its people with bonuses and promotions.
Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.
In a bid to incentivise its staff and improve their performance, Air India may soon offer them employee stock options (ESOPs). The erstwhile national carrier, which was acquired by the salt-to-steel conglomerate Tata Group last year, will be the second company in the Group to have an ESOP policy. Tata Motors is the other Group company with an ESOP policy, which was implemented in 2018.
Pritam Singh, a resident of Akkanwali village of Mansa district, consumed the poisonous substance Friday morning and died at a hospital later in the day, they said.
The Jammu and Kashmir high court on Friday ordered that the body of a civilian dubbed a terrorist and killed by the police during an encounter in Hyderpora last November be exhumed and handed to his family for last rites.
From a location perspective, the last quarter saw Kolkata and Gurgaon as top regions for employment in these sectors and among roles, sales and office services stood out.
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