'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
Three suspected associates of Karti --Bhaskar Raman, Ravi Vishwanathan and Mohanan Rakesh -- are also being questioned
The finance minister, suffering from a kidney ailment, has been undergoing dialysis for the last one month.
The application for narco analysis test assumes significance as the agency yesterday alleged that Karti was not cooperating in the investigation and was 'evasive' in his replies.
"Everybody in this country has the responsibility to implement the law which has been passed in Parliament,", the minister, who was in Chennai as part of the BJP's nationwide 'Jan Jagran Abhiyan' campaign in support of the Act, said.
Justice Suresh Kait, who was hearing Chidambaram's interim bail plea, directed the Tihar jail superintendent to provide clean and hygienic surrounding to the 74-year old Congress leader as also home-cooked food, mineral water, mosquito protection net and repellent
The GST Council also decided that a committee of officers will be constituted to examine the simplification of forms for annual return and reconciliation statement.
Chidambaram has sought interim bail in the INX media money laundering case on medical grounds, saying his condition is deteriorating and he needs to be in a sterile environment.
It would be interesting to see how fast the finance ministry allocates money to the state.
Multiple reasons accounted for the losses, including manpower crunch and lack of clarity on the merger of National, United and Oriental, reports Namrata Acharya.
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent. It is this nominal GDP forecast on the basis of which the finance ministry is calculating key Budget targets like the fiscal deficit as a percentage of GDP and tax revenue growth for the coming year.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
The current crisis began Friday night when the Rajasthan Police sent a notice to Pilot, asking him to record his statement over an alleged attempt to bring down the government.
Pawar asked Modi why he was daring Opposition leaders to bring back Article 370 of the Constitution after it was nullified by Parliament in August.
Chidambaram, 74, was arrested by the Central Bureau of Investigation on August 21 and is lodged in Tihar jail under judicial custody in the corruption case.
Parrikar submitted his resignation after BJP staked claim to form an alliance government in Goa.
'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.'
Can the finance minister manage our expectations, asks A K Bhattacharya.
The state of these public sector units is appalling and disinvestment or even closing some of them appears to be the only option to prevent exchequer from further bleeding.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
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.
They said Union Finance Minister Arun Jaitley has opened the door to a much wider level of US involvement in India's development plans in the coming years.
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
The ED said that the investigation further revealed that there are 78 companies owned by the accused and his family members and it needed to probe whether the money went into these companies.
The minister said the Opposition's false campaign on Rafale did not carry much weight.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
In Mr Chidambaram's third stint as finance minister, which lasted till his government was voted out in May this year, he had a fairly pressing crisis to deal with.
Former Jammu and Kashmir Chief Minister Farooq Abdullah was on Friday caught on camera talking on his mobile phone when the national anthem was being played.
His colleague and Law & IT Minister Ravi Shankar Prasad said the court has held that the purpose of issuing Aadhaar to all Indian citizens is legitimate and no surveillance is possible.
Continuing her tirade against Union Finance Minister P Chidambaram on participatory note issue, AIADMK leader J Jayalalithaa on Thursday demanded his resignation from the Union Cabinet or his dismissal.
The probe agency is understood to have alerted all airports and other ports of entry to prevent Chidambaram from leaving, sources said.
He said the plea pertained to his liberty, which was 'illegally curtailed'.
The ED identified the properties as Fatima Heights and Aafiyah Heights in Mumbai, an unnamed project in the Bhandup area of Maharashtra's capital city and a project named Engracia in Pune.
His post-operative recovery was being closely monitored by a team of transplant surgeons, endocrinologist, nephrologist, cardiologist, pulmonologist and critical care experts among others.
Finance Minister Arun Jaitley has announced no new taxes in the Delhi Budget.
The GST, an indirect tax regime, is to be rolled out from April 2016.
Chidambaram and his son Karti were named in the chargesheet filed by the Central Bureau of Investigation in the case on July 19.
Many PSU banks had recently cut interest rate on loans for two-wheelers and consumer durables.
While the meetings on Friday were preliminary discussions, it is learnt that sectors like tourism; hospitality; aviation; micro, small and medium enterprises (MSMEs); and livestock have sought deferring loan repayments and temporary tax holidays in specific cases to help them tide over the steep fall in economic activity.
Jaitley said the Congress party which ruled the country for decades is out of sync with the ground realities and aspirations of India as it exists now.
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