Senior Congress leaders Anand Sharma, former Haryana Chief Minister Bhupinder Singh Hooda, Kapil Sibbal, Raj Babbar, Vivek Tankha, Ghulam Nabi Azad will address an event in Jammu on Saturday which Manish Tiwari is also expected to join.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
The Union Cabinet, headed by Prime Minister Narendra Modi, also observed silence for two minutes in the memory of Mukherjee.
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
After the GST Council's meeting in March, the Centre had sought views from Attorney General K K Venugopal -- who is the chief legal officer of the government -- on the legality of market borrowing by the council to make good any shortfall in the compensation fund. The AG in his view said there is no obligation on the central government to pay the GST compensation shortfall, according to the sources.
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
Former BCCI president Anurag Thakur on Tuesday announced setting up of a cricket and sports academy in Leh to ensure that talented athletes get the required training to become a part of the mainstream.
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs.
Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.
The impact of economic slump was visible in the Budget's fine print, as this step-by-step explanation show how the Budget math was worked out, reports Abhishek Waghmare.
A strong start-up ecosystem can propel investment, jobs, and demand creation, and for that, substantial growth capital is required.
The People's Alliance for Gupkar Declaration (PAGD) swept the maiden District Development Council (DDC) polls by winning 110 seats, while the Bharatiya Janata Party emerged as the single largest party by getting 75 seats after securing the largest vote share in Jammu and Kashmir, officials said on Wednesday.
Participating in the debate on the budget, leaders of parties like the Congress, Bahujan Samaj Party, Aam Aadmi Party and Left launched an all-out attack on the BJP government for allegedly selling off the country's assets and PSUs to big industrialists.
'The government in the past has also increased (the limit) from Rs 2.5 lakh to Rs 5 lakh. In future, whenever the time arises, we will look into the matter.'
"If you have questions on the economy, you should ask those..," he said when media persons kept fielding questions about his alleged hate speech.
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
The move to resume work in ministries comes nearly a month after the government issued work from home protocols in its fight against the coronavirus pandemic.
PM has been regularly seeking people's inputs through mygov.in and his app, to assess the mood of the nation.
The street-fighter attitude is what keeps Rane going even at 69. The expectation is -- at least in the BJP camp -- that he will be itching for a battle royale with the Shiv Sena in its bastions.
Rajya Sabha was informed that both RBI and banks have enough cash
The protests came after Speaker Om Birla announced the end of Question Hour at noon as the designated time for it is 11 am to noon. While asking the first supplementary, Gandhi said he wanted to know the list of 50 top wilful defaulters, including funds given and the amount written off by banks but did not get a proper answer in the written reply.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
'In both cases, there is a sneering disregard for the established processes of law while dealing with what the American president and the junior Indian minister regard as unpardonable behaviour,' notes Amulya Ganguli.
If the bribe-for-PPE-supply controversy in Himachal escalates, the BJP could have a lot to lose.
It will increase life of the currency and also reduce counterfeiting.
State Bank of India reported 544 cases of such frauds that caused a loss of Rs 191,295 lakh
Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.
Among the names being mentioned for inclusion as ministers are Tejasvi Surya, the 29-year-old MP from Bangalore South, Jamyang Tsering Namgyal, the 35-year-old MP from Ladakh, Locket Chatterjee, the 45-year old MP from Hooghly, and Dilip Ghosh, MP from West Medinipur and president of the BJP's West Bengal unit.
While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow collection is the tax cut.
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.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
I challenge Rahul Baba that let me know if there is even a single line in the act regarding the withdrawal of anyone's citizenship, said Shah.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
The GST Council, headed by Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union territories, will have its 37th meeting in Goa against the backdrop of economic growth hitting a six-year low of 5 per cent in the first quarter of the current fiscal.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
The government is aiming for an 8-10 per cent annual economic growth.
Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
Even with the possible expenditure roll-overs and off-budget financing, the fiscal deficit target will not be met. The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5 per cent for any given year, provided there are justifications. These justifications include war, national security, severe collapse in the agriculture sector, a major natural calamity, big structural economic reforms, or the decline in real output growth of a quarter by at least 3 percentage points below its average of the previous four quarters.
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