'States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.'
The Karnataka high court on Friday granted interim protection from arrest to key office bearers of the Karnataka State Cricket Association (KSCA) in connection with the June 4 stampede outside Bengaluru's M Chinnaswamy Stadium, which left 11 people dead and 56 others injured.
According to ESPNCricinfo, the resignation has been submitted to the president of the Board, Raghuram Bhat.
The Directorate of Revenue Intelligence (DRI) has imposed a hefty fine on Kannada film actress Ranya Rao and others in connection with a gold smuggling case. The actress was caught with 14.8 kg of gold at Bengaluru airport.
India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.
Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.
During negotiations, the officer allegedly agreed to reduce the amount to Rs 2 crore, with the condition that the first installment of Rs 50 lakh had to be paid to the middleman by Thursday evening, the complaint said.
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'
The Central Bureau of Investigation (CBI) has initiated an inquiry into alleged violations of the Foreign Contribution (Regulation) Act (FCRA) against an institution founded by Ladakh-based educationist and activist Sonam Wangchuk. The inquiry follows a complaint from the Ministry of Home Affairs regarding the Himalayan Institute of Alternatives Ladakh (HIAL).
A government employee in Kerala has been suspended for making an offensive comment on Facebook about a Keralite nurse who died in the Ahmedabad plane crash.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
The Army unit deployed in Ashti successfully evacuated 40 people with the help of an NDRF team and other agencies.
Nikhil Sosale, Head of Marketing and Revenue of RCB, Sunil Mathew and Kiran Kumar from DNA entertainment private limited are among those who have been arrested, sources said.
The White House trade advisor's remarks came on a day US President Donald Trump announced that India and the US are continuing negotiations to address the trade barriers.
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. The gross GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017. The net mop-up was Rs 1.92 lakh crore.
Shiv Sena (UBT) leader Sanjay Raut accuses Ajit Pawar of protecting 'thieves' after a video surfaces showing Pawar allegedly chiding an IPS officer for taking action against illegal excavation. Raut demands Pawar's resignation.
The airspace ban was extended after ties between the two countries deteriorated due to the four-day conflict as India launched Operation Sindoor on May 7 and destroyed terror infrastructure in territories controlled by Pakistan.
'If I have to go back, I would rather go back now because I don't want to face that situation when I'm in my 40s.' A young couple's journey through immigration uncertainty reveals not just the human cost of policy announcements, but a surprising rekindling of love for the homeland left behind.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
Rajyalaxmi Chitrakar was inside the house when the protesters set it ablaze. She was rushed to Kirtipur Burn Hospital in critical condition but succumbed to injuries, Khabarhub reported, citing family sources.
The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.
Incessant rains and flooding have caused widespread disruption in northern India, with states like Himachal Pradesh, Delhi, Punjab, and Jammu and Kashmir facing landslides, road closures, and displacement. Rescue efforts are underway as authorities grapple with the aftermath of the deluge.
Nepal's former Chief Justice Sushila Karki is set to lead an interim government, announced by the President's office, following the resignation of prime minister K P Sharma Oli. She will be the first woman prime minister of Nepal.
Indian tech sector's revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the "right trajectory", the body's president Rajesh Nambiar told reporters here, pointing out to revenue growth of 4 per cent in FY24, 5.1 per cent in FY25 and the over 6.1 per cent needed to cross its expectation of crossing $300 billion in FY26.
The government has no say in where the country's refiners source oil from because these are commercial transactions.
Rising Yamuna River levels flood low-lying areas of Delhi, displacing residents and disrupting businesses. Families struggle with loss of homes and livelihoods.
The Karnataka government has warned that disciplinary action will be taken against those officials who change the land mutation records and serve eviction notices to farmers under the Waqf Act.
Heavy rains exacerbate the flood situation in Punjab, leading to 37 deaths and widespread crop damage. Rescue and relief operations are underway as authorities issue alerts and provide assistance to affected populations.
The more things change, the more they remain the same for corporate India. In the April-June 2025 period (Q1FY26) - for the ninth consecutive quarter - listed companies witnessed only single-digit revenue growth, while their core earnings, excluding other income and one-time gains, contracted for the second time in four quarters. This comes as firms brace for the impact of 50 per cent US tariff on Indian goods.
Prime Minister Narendra Modi announced a Rs 1,600-crore assistance package for flood-hit Punjab after reviewing the damage. He also announced ex gratia for the deceased and injured. The state is battling its worst deluge since 1988.
'It is a process that takes a certain amount of time and needs to be done keeping legal modalities in mind.'
Heavy rains and landslides in Himachal Pradesh have resulted in multiple fatalities and widespread disruption, including road closures and train cancellations.
A devastating flashflood in the Kheer Ganga river on August 5 demolished nearly half of Dharali -- the key stopover en route to Gangotri with many hotels and homestays, and neighbouring Harsil, where an Army camp bore the brunt of the flood fury, barely giving time to the victims to run to safety.
Heavy rains across India have led to widespread flooding, causing damage to infrastructure, displacement of residents, and disruption of normal life. Rescue efforts are underway in affected areas.
Bharti Airtel sees opportunity in raising tariff for data services as it feels that rich are paying less and poor are not required to pay anymore, a senior official of the company said. During the company's earnings call for the first quarter of the current fiscal, Bharti Airtel vice-chairman and MD Gopal Vittal said that the company has written to the government for a relief on adjusted gross revenue and has demanded that it should be given benefit at par with other telecom operator, without naming Vodafone Idea.
Experts say Indian Railways must grow its share in the freight market to remain financially sustainable.
On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.
As the potential threat of a steep 200 per cent tariff on pharmaceutical imports hangs in the air, analysts and industry insiders feel that focus on exports to non-US regions as well as domestic market will increase as a long-term trend. US President Donald Trump told CNBC's Squawk Box in the first week of August that planned tariffs on import of pharmaceutical products to the US could eventually reach up to 250 per cent.
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