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Last updated on 23 Jun,2024 07:26 AM
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Refresh- What's behind India's hardening posture against China?India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
- Hinduja brothers sentenced to jail for exploiting servants: Here's what they were charged withFour members of the influential Hinduja family, including Prakash Hinduja, Kamal Hinduja, Ajay Hinduja, and his wife Namrata, were convicted in Switzerland for underpaying servants at their luxurious villa. The family, known for its diversified business empire, faces legal consequences and has expressed plans to appeal the verdict.
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repaying loans taken during the Covid-19 period on behalf of states. This unexpected windfall is due to robust collections from sin goods like pan masala, cigarettes, and automobiles. Officials suggest that this surplus could allow for early loan repayments and still leave a substantial amount for other uses.
- GST Council Meeting: Railway Platform tickets exempted from GST, biometric authentication push & other key decisionsAt its 53rd meeting in New Delhi, the GST Council decided to implement nationwide biometric authentication to combat fake invoicing. Finance Minister Nirmala Sitharaman announced retrospective amendments to input tax credit timelines under the CGST Act from July 2017. The meeting, the first since the new government took office, also addressed various operational issues and recommended uniform GST rates for milk cans and carton boxes.
- Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statementHinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
- Anti-paper leak law for exams comes into effect amid NEET, UGC-NET row; Jail term and hefty fines introducedAmid concerns over exam leaks, the Indian government has introduced a new law with stringent penalties, including jail terms and fines, to combat cheating in public exams. The law, effective from June 21, aims to bring transparency and credibility to exams like NEET and UGC-NET, which have faced controversies. The move comes after protests and legal actions following allegations of question paper leaks and irregularities in recent exams.
- A tip-off opened NEET Pandora's box: Mystery call on 4 criminals led Bihar police to crack paper leak caseAn anonymous whistleblower's tip to Patna police exposed a nationwide NEET-UG fraud network. Four suspects were arrested, leading to the discovery of a large-scale operation where candidates paid Rs 30-50 lakh for leaked questions. The investigation revealed a vast network involving coaching institutes, teachers, and students, with significant evidence seized and multiple arrests made.
- "Congress' long-term plan to create rift with help of lies": Maharashtra Dy CM on claims of Atal Setu cracksMaharashtra Deputy Chief Minister Devendra Fadnavis dismissed allegations of structural danger to the Atal Setu as false claims by Congress. Maharashtra Congress President Nana Patole had inspected cracks on the Mumbai-Trans Harbour Link, attributing them to corruption. Fadnavis clarified that the cracks were on an approach road, not the bridge itself, and were minor, requiring immediate repair. The Mumbai Metropolitan Region Development Authority (MMRDA) assured the public that the bridge is safe, and repair work would be completed within 24 hours without disrupting traffic.
- Indian national Nikhil Gupta extradited in Pannun foiled murder plot: What's the impact on Indo-US ties?Indian national Nikhil Gupta extradited to the US from Czech Republic for alleged foiled plot to murder Khalistan separatist Gurpatwant Singh Pannun, involving hitman hired by Indian government official. US Department of Justice claims Pannun targeted for exercising freedom of speech. Extradition coincided with US National Security Advisor Jake Sullivan's visit to India, overshadowing iCET talks.
- Education ministry sets up high level panel led by former ISRO chairman Dr. K. Radhakrishnan to oversee NTA opsThe Ministry of Education has constituted a high-level committee led by former ISRO chairman Dr. K. Radhakrishnan to address issues with the National Testing Agency (NTA) due to lapses in multiple examinations, focusing on reforming the examination process and improving data security protocols.
- Canadian Deputy PM stumbles over question on Canada Parliament tribute to Khalistani separatist NijjarDeputy Prime Minister of Canada Chrystia Freeland has been questioned about why Khalistseparatist Hardeep Singh Nijjar, who was on the no-fly list and had his bank accounts frozen before his death, is now being honoured with a tribute in the Canadian Parliament. Freeland praised Prime Minister Justin Trudeau's stance post-assassination, calling it necessary but challenging. She emphasized the recent solemn anniversary of the murder and condemned the murder of a Canadian on Canadian soil.
- Open to probe, regulations will help doing business: Axis My India chief on alleged stock market manipulation through exit pollsFacing scrutiny, Axis My India's Pradeep Gupta supports regulations for pollsters to improve business practices and credibility. Calls demands to ban exit polls 'childish' and stresses the importance of regulations.
- Subodh Kumar Singh removed as NTA chief, Pradeep Singh Kharola takes over amid NEET, NET paper leak rowNTA Director General Subodh Kumar Singh was removed from his position on Saturday and placed on "compulsory wait" in the Department of Personnel and Training (DoPT). Pradeep Singh Kharola has been assigned the additional charge of NTA DG.
- After electoral setback, Modi may be forced to amend India's food policyFacing policy challenges after recent election losses, Indian Prime Minister Narendra Modi grapples with controlling food inflation without angering farmers through export curbs and increased imports. With crucial provincial elections looming, Modi must balance economic measures and farmer interests to maintain political stability and address rural discontent.
- GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzzGST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for significant tax reforms ahead of the government's first full budget. Among the agenda items are -- the use of approximately Rs 70,000 crore collected from GST compensation cess on products like pan masala and cigarettes. Discussions may also cover the potential waiver of interest or penalties on tax notices issued between 2017 and 2020, excluding cases of deliberate default.
- Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak EquitiesIndian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
- Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & moreIndia gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
- Why is Delhi CM Arvind Kejriwal still in jail?Delhi Chief Minister Arvind Kejriwal remains in jail despite receiving bail from the trial court in the money-laundering case. The Enforcement Directorate has challenged this bail in the Delhi High Court, linking it to the scrapped excise policy. Kejriwal's bail is on hold until further court proceedings, with the ED presenting evidence of alleged kickbacks and financial transactions involving him.
- Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: FM Nirmala SitharamanSitharaman mentioned the ongoing taxation of petrol and diesel through excise duty and VAT, urging states to collaborate in the GST Council to decide on the tax rate.
- Arvind Kejriwal to remain in jail for at least 2-3 days as Delhi HC stays bail order in excise policy caseThe Delhi High Court stayed the bail order for Delhi CM Arvind Kejriwal in the ED's excise policy case. The trial court had previously released him on a Rs 1 lakh bond with conditions to not interfere with the investigation. Kejriwal, who was granted interim bail for elections, is back in custody.
- Budget may impose higher tax on F&O income by treating derivatives like lottery: ReportThe government is reportedly planning to impose a higher income tax on F&O, treating it similarly to income from lotteries or cryptocurrencies in the upcoming Budget. This move aims to address concerns about retail traders losing substantial amounts in the derivatives market. Proposed changes include reclassifying F&O transactions from 'business income' to 'speculative income' and potentially introducing a TDS.
- NEET Scam: 'Demonetisation' in education sector as 'organisations' have taken over, Rahul Gandhi takes a dig at ModiCongress MP Rahul Gandhi criticised PM Narendra Modi for not stopping paper leaks in India, citing the capture of the education system by the BJP's parent organization. Gandhi argued that Modi's actions have facilitated these leaks, claiming they are an anti-national activity and will continue until the issue is resolved.
- After electoral setback, Modi may be forced to amend India's food policyFacing policy challenges after recent election losses, Indian Prime Minister Narendra Modi grapples with controlling food inflation without angering farmers through export curbs and increased imports. With crucial provincial elections looming, Modi must balance economic measures and farmer interests to maintain political stability and address rural discontent.
- Arvind Kejriwal to remain in jail for at least 2-3 days as Delhi HC stays bail order in excise policy caseThe Delhi High Court stayed the bail order for Delhi CM Arvind Kejriwal in the ED's excise policy case. The trial court had previously released him on a Rs 1 lakh bond with conditions to not interfere with the investigation. Kejriwal, who was granted interim bail for elections, is back in custody.
- India's roaring growth may not change the story of its great divide, finds economists' pollA nearly 85% majority of development economists and policy experts, 43 out of 51, in a May 15-June 18 Reuters poll, said they were not confident economic inequality would significantly reduce over the next five years, including 21 who said they had no confidence at all.
- Union Budget: India mulls income tax cuts in Budget as part of $6 billion consumer boostIndia Budget Tax Expectations: India's government under Prime Minister Narendra Modi is considering measures worth over 500 billion rupees to boost consumption in the upcoming budget. This includes tax cuts for lower income individuals for the first time in seven years. The plan aims to target consumers with high propensity to spend amidst economic challenges.
- Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statementHinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
- What's behind India's hardening posture against China?India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
- Why is Delhi CM Arvind Kejriwal still in jail?Delhi Chief Minister Arvind Kejriwal remains in jail despite receiving bail from the trial court in the money-laundering case. The Enforcement Directorate has challenged this bail in the Delhi High Court, linking it to the scrapped excise policy. Kejriwal's bail is on hold until further court proceedings, with the ED presenting evidence of alleged kickbacks and financial transactions involving him.
- Why are India's richie rich choosing Dubai to migrate?A report by Henley & Partners reveals that approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination. The UAE's appeal lies in its business opportunities, financial benefits, and high-quality lifestyle, attracting both wealthy individuals and professionals.
- Hinduja brothers sentenced to jail for exploiting servants: Here's what they were charged withFour members of the influential Hinduja family, including Prakash Hinduja, Kamal Hinduja, Ajay Hinduja, and his wife Namrata, were convicted in Switzerland for underpaying servants at their luxurious villa. The family, known for its diversified business empire, faces legal consequences and has expressed plans to appeal the verdict.
- Cracks on Mumbai's Atal Setu? Congress alleges corruption, BJP fires backNamed in tribute to former Prime Minister Atal Bihari Vajpayee, the bridge's construction quality has now been called into question by the emergence of these defects. "I inspected this bridge with my colleagues to expose the corrupt practices of the government as part of the Congress party agitation. The matter is very serious and we demand that the Hon'ble High Court should take immediate notice and investigate the matter," Maharashtra Congress chief Patole said.
- The Anglosphere is cornering India on Khalistan. What lies aheadIndia faces opposition from developed countries in countering Khalistani separatists, with strong resistance from the Anglosphere. The Five Eyes spy network, including US, UK, Canada, Australia, and New Zealand, provided intelligence for allegations against India. The Modi government's strong stance on national security complicates ties with countries like Canada, the US, and Australia.
- Budget 2024: How about a 'Robot Tax' in Budget? Economists pitch the idea for AI-hit jobsUnion Budget: Economists discussed the upcoming Budget with Finance Minister Nirmala Sitharaman, focusing on growth, fiscal policy, investment, private sector involvement, food inflation, and debt. Key topics included the impact of AI on employment, 'robot tax' proposal, IMF recommendations, challenges faced by developing countries in adapting to AI technology, and insights from Gita Gopinath.
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repaying loans taken during the Covid-19 period on behalf of states. This unexpected windfall is due to robust collections from sin goods like pan masala, cigarettes, and automobiles. Officials suggest that this surplus could allow for early loan repayments and still leave a substantial amount for other uses.
- Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak EquitiesIndian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
- Arvind Kejriwal bail: Trial court's order shall not be given effect till it hears ED's plea, says Delhi HCThe Directorate of Enforcement (ED) has moved Delhi High Court against a trial court's order to grant bail to Chief Minister Arvind Kejriwal in the alleged excise policy case. The court granted Kejriwal bail on a ₹1 lakh bond, and the Enforcement Directorate's plea to stay his bail order for 48 hours was declined. Kejriwal was out on bail for 21 days and surrendered to Tihar Jail authorities on June 2.
- Is Earth really getting too hot for people to survive? A scientist explains extreme heat and the role of climate changeMany countries have seen extremely hot weather lately, but in most of the inhabited world, it's never going to get "too hot for people to live here," especially in relatively dry climates.
- Budget 2024: Modi 3.0 may have to redo the Budget math to provide more money to Naidu & Nitish-ruled statesUnion Budget: Following recent Indian election results, Prime Minister Narendra Modi reasserts control over the federal government. Despite depending on various allies for support, none have significant ministerial roles. The focus shifts to relations between New Delhi and influential state governments, with demands for increased federal funds. The upcoming budget will reveal potential shifts in India's policy landscape.
- Anti-paper leak law for exams comes into effect amid NEET, UGC-NET row; Jail term and hefty fines introducedAmid concerns over exam leaks, the Indian government has introduced a new law with stringent penalties, including jail terms and fines, to combat cheating in public exams. The law, effective from June 21, aims to bring transparency and credibility to exams like NEET and UGC-NET, which have faced controversies. The move comes after protests and legal actions following allegations of question paper leaks and irregularities in recent exams.
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