The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
The no-confidence motion moved by the opposition Bharatiya Janata Party against the Congress government in Chhattisgarh where assembly polls are due next year, was defeated by voice vote in the state Legislative Assembly on Thursday.
Secretary of State Mike Pompeo announced the move, saying he was carrying out President Donald Trump's orders. "Today, I am announcing visa restrictions on current and former CCP officials who are believed to be responsible for, or complicit in, undermining Hong Kong's high degree of autonomy, as guaranteed in the 1984 Sino-British Joint Declaration or undermining human rights and fundamental freedoms in Hong Kong," Pompeo said.
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
But Trump is about to announce his candidacy for president in 2024. And it is not clear if Florida Governor Ron DeSantis, the present hero of disenchanted Republicans, or Biden, who says he might seek re-election (but will decide in 2023), can checkmate Trump, notes Shreekant Sambrani.
"Karnataka has always forged inclusive economic development and we must not allow such communal exclusion- If ITBT became communal it would destroy our global leadership. @BSBommai please resolve this growing religious divide," Mazumdar-Shaw said.
'Why should our government opt for unproven technology that has been rejected by most countries across the globe?' 'Being dependent on any other nation to supply you seed for your good crops is another form of slavery.'
According to experts, Bishnoi had been sulking since the Congress ignored him for the post of its Haryana unit chief during a revamp earlier this year.
Chandole was arrested by the ED on late Wednesday night under the Prevention of Money Laundering Act (PMLA) in a case against a security service provider company and others.
With a report on Uber by the International Consortium of Investigative Journalists (ICIJ) opening a Pandora's box, the company is in a damage-control mode. Distancing itself from the actions of its management pre-2017, Uber, while acknowledging the "mistakes" of the past, has said that under CEO Dara Khosrowshahi, it "is a different company". "There has been no shortage of reporting on Uber's mistakes prior to 2017.
India maintained 43rd rank on an annual World Competitiveness Index compiled by the Institute for Management Development (IMD) that examined the impact of COVID-19 on economies around the world this year. The 64-nation list was led by Switzerland, while Sweden has moved up to the second position (from sixth last year), Denmark has lost one place to rank third, the Netherlands has retained its fourth place and Singapore has slipped to the fifth place (from first in 2020). At eighth, Taiwan reached the top-10 for the first time since the ranking began 33 years ago (moving up from 11th last year).
Mukesh Sahni's move to contest 55 seats in the UP assembly polls antagonised top BJP leaders.
The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.
During his address in the Delhi assembly, Kejriwal also accused Prime Minister Narendra Modi of using the movie for political gains.
External Affairs Minister S Jaishankar said the passage of the amendment will strengthen India's national security and its global position.
Employees of public sector general insurance (PSGI) companies are observing nationwide one-day strike on Wednesday to protest against intended privatisation of state-owned insurers. The Joint Front of Trade Unions in PSGI companies met on Monday and decided to protest against the decision of the government to privatise PSGI companies. The unions have given a call for one-day strike against the passage of the General Insurance Business (Nationalisation) Amendment Bill 2021 in the Lok Sabha, General Insurance Employees All India Association general secretary K Govindan said. Employees of all four PSGI companies are participating in the day-long strike, he said.
After days of adjournments, the Rajya Sabha unanimously passed the crucial Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Amendment Bill along with two bills on supplementary demands for 2015-16, within minutes without any debate.
Uttar Pradesh Deputy Chief Minister and former state BJP president Keshav Prasad Maurya had also dropped a hint in a recent tweet, saying Yaduvanshi (Yadavs), Ravidasiyo (Jatavs) and Pasmanda Muslims will be brought closer to the BJP so that the lotus 'blossoms' in every booth in UP.
Ashok Kumar Gupta, chairman of the Competition Commission of India (CCI), has never minced words while talking about the giant technology companies, referring to them on multiple occasions as "centres for entrenched and unchecked dominance". The anti-trust regulator has, in fact, been cracking down on big technology companies such as Google, Apple, Facebook, and others, after they were hauled up by regulators and lawmakers in Europe and Australia. However, in several instances, existing regulations have prevented the CCI from going all out against these companies for anti-competitive activities.
'Cyrus was always very different. He would think before acting.'
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.
A girl who was set on fire by a person after she did not reciprocate his proposal in Jharkhand's Dumka district succumbed to her burn injuries on Sunday.
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.
A press conference by Delhi Chief Minister Arvind Kejriwal was disrupted on Thursday by a Congress lawmaker demanding appointment of a Special Investigation Team to probe the 2008 Batla House encounter.
What these elections prove beyond any doubt (if ever there was one) that Modi's hold over public mind and Shah's mastery of election management are unparalleled. It doesn't seem likely that they will be matched any time soon in the Indian political scene, reaffirms Shreekant Sambrani.
'Our approach is forward-looking. The central leadership wants young leaders to lead the charge now. This will also send a clear signal that lapses will not be tolerated. We are targeting beyond 2025.' Satyavrat Mishra reports.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
It seems the grand old party is trying to stage a comeback in the state which it ruled at one time, but also to its progeny the Trinamool Congress which has vowed to come to power in Tripura in the 2023 state assembly elections.
Besides law and order, the long standing demand for junking Armed Forces (Special Powers) Act, economic woes of the land-locked state which has hardly any industries, are expected to figure high on the agenda of the unfolding electoral battle between the two main parties with smaller local parties such as National People's Party and the Naga People's Front chipping in with their own demands.
Lok Sabha proceedings were adjourned for the day on Thursday following a request from the government that the Indian Antarctic Bill, 2022 be taken up for consideration when Opposition members are also present in the House.
Drabu said the GST regime will roll out in the state at midnight on Friday, making Jammu and Kashmir the last state to join the new tax regime.
There is some hope for these companies, with Finance Minister Arun Jaitley saying there was a need for legislative backing for private companies that were using Aadhaar. Adding that a careful reading of the judgment is required, Jaitley said this could be "temporary".
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
The government's annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India. These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. The pre-budget document defended the farm laws in the backdrop of long-running farmers' agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.
Digital canvassing is expected to benefit from political money looking for alternative blow horns.
Apparently exasperated over frequent disruptions, Rajya Sabha Chairman Hamid Ansari has called an all-party meet on Monday to discuss possible changes in rules for smooth running of House.
Generally, before adjourning the house sine die the chair reads out the statistics about the business transacted in the house in detail.
The Aam Aadmi Party has nominated former cricketer Harbhajan Singh, Lovely Professional University founder Ashok Mittal, AAP MLA Raghav Chadha, IIT Delhi faculty Sandeep Pathak and industrialist Sanjeev Arora for the March 31 Rajya Sabha polls.
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