CONSTITUTIONAL SOLUTIONS
Parliament should pass law on reservations to exceed 50% cap: Congress
The Congress Party called for a law enabling reservation quotas to exceed the 50% cap, aligning with JD(U)'s demand to include Bihar's increased quotas in the Constitution's 9th Schedule. This follows a Patna High Court ruling striking down Bihar's attempt to raise quotas for SCs, STs, and OBCs to 65%.
Amid NEET sloganeering, President Murmu urges Opposition to rise above politics, work on solution
President Droupadi Murmu addressed Parliament on NEET UG-2024 irregularities, emphasizing the need for a non-partisan approach to resolve paper leaks. She assured that the ongoing CBI investigation would establish accountability. Murmu also reflected on the 1970s Emergency as a dark chapter in history, stressing the importance of transparency in government exams.
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore through a block deal. Blackstone holds 55.45% in Mphasis. Mphasis specializes in cloud and digital solutions.
Birth better solutions to raise productivity
The global fertility rate is nearing the replacement rate, and the world may be only years away from depopulation, according to UN projections. Rich economies are already below replacement levels, while least developed nations have higher rates. The UN has been lowering its estimates, and variations in mortality rates and sex ratios complicate the replacement rate. Coping strategies like raising the retirement age and increasing immigration have limitations. Declining fertility in India, coupled with poor healthcare and adverse sex ratios, threatens its economic growth and productivity.
Port sector urged to decarbonise entire chain of operations
Maharashtra Maritime Board's Chief Port Officer Praveen S Khara said there is a need for these public and private stakeholders to collaborate in decarbonising the entire chain of operations.
French President Emmanuel Macron flies to New Caledonia amid ongoing unrest
French President Emmanuel Macron flew to New Caledonia to address riots and tensions between Indigenous Kanaks seeking independence and others wanting to remain part of France.
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New committee to be set up to find inclusive solution to long-drawn Indo-Naga political issue
The PAC will comprise the council of ministers and legislature leaders of all political parties in the 14th Nagaland Legislative Assembly (NLA). There was a meeting on May 9 chaired by chief minister Neiphiu Rio.
GST on corporate guarantees: Taxmen believe clarity will emerge only in SC
The issue of levying GST on corporate guarantees between related entities remains uncertain until the Supreme Court's final decision. The CBIC's circular clarifying the levy's validity faces legal challenges, with recent stays offering temporary relief to affected companies. The matter's resolution will impact businesses and tax revenues.
GST on corporate guarantees: SC to offer clarity, say officials
Several companies caught in the crosshairs of the GST authorities got a sense of relief last week after the Punjab & Haryana High Court stayed operation of a central board of indirect taxes & customs (CBIC) circular clarifying on the validity of the levy. CBIC's October 27, 2003, circular had clarified that a corporate guarantee, provided by one company to banks or financial institutions to help an associate company secure a loan, even without a consideration, should be considered supply of service between related parties under the Schedule I of the CGST Act, 2017.9
Retik Finance sets 21st May 2024 as launch date
Retik Finance's upcoming launch on May 21, 2024, signifies a major advancement in the DeFi realm. With innovative products and strategic positioning, it aims to revolutionize the financial ecosystem, attracting investors and users alike.
Major GST relief for holding companies in corporate guarantees case
The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a 'supply of service' liable to GST.
PM adds fuel to Cong's redistribution row, says party will eye properties of others but not of Waqf board, minorities
As India wraps up the initial two phases of the 18th Lok Sabha, Prime Minister Narendra Modi launched a blistering critique against the primary opposition party. He asserted that when the Congress discusses redistribution, it avoids addressing properties belonging to minorities or those under the Waqf board, while targeting assets of other communities.
Bombay HC temporarily restrains Cognizant from using trademark logo identical to Atyati Tech
Before the court passed its order, Atyati Technologies argued that last year in October, the company was surprised to learn that the defendant (Cognizant Technology) was offering almost identical services relating to IT infrastructure, etc.
What is President's rule? Will it be imposed in Delhi or are there any alternate solutions? Here's all you should know
Delhi Cabinet Minister Atishi alleges a political conspiracy by the BJP-led central government to impose President's Rule in Delhi, citing Arvind Kejriwal's arrest. Quoting a recent Supreme Court ruling, she asserts that President's Rule can only be imposed when no alternative exists. Meanwhile, the power struggle between Kejriwal and the LG intensifies, prompting consideration of alternative solutions amid the Union Home Ministry's scrutiny. LG V K Saxena reassures that the government won't operate from jail.
ASK Hedge Solutions launches Absolute Return Fund
ASK Absolute Return Fund is an open-ended Category III Alternative Investment fund, looking to raise Rs 3,000 crore, with approximately Rs 1,000 crore in the next 6 months.
Great potential still to be explored in India-Denmark ties in exchanging scientific tech, agri solutions: Visiting Danish minister
There is a "great potential" still to be explored in joint partnerships between India and Denmark when it comes to exchanging scientific technologies, agriculture solutions and renewable energy, visiting Danish minister Christina Egelund has said. Interacting with PTI here on Monday, she also said any partnership agreement between two countries should be such that there is a "win-win for both sides".
Kovind-led panel aims at “minimum possible” amendments to Constitution and election-related laws
The Kovind-led panel is aiming at “minimum possible” amendments to the Constitution and various other election-related laws, to enable a switch to simultaneous polls. However, this is bound to be challenging given that assessments so far point to extensive constitutional and legal amendments.
Humanitarian crises demand lasting solutions, says EAM Jaishankar
Addressing the 55th session of the UN Human Rights Council via video link on Monday night, external affairs minister S Jaishankar said it must be clear, at the same time, that terrorism and hostage-taking are unacceptable and that international humanitarian law must always be respected.
Tipra Motha Party to block National Highway 8 on February 28
Main opposition party in Tripura, TMP is demanding 'Greater Tipraland' or a separate state for the tribals under Articles 2 and 3 of the Constitution, would blockade the NH-8 on Wednesday and the party’s supremo and former royal scion Pradyot Bikram Manikya Deb Barman would launch for a fast unto death hunger strike soon if the Centre does not accept his party's demands at the earliest.
India for development & permanent solution at WTO, against non-trade issues
Piyush Goyal said that India “firmly believes that any measures taken to combat climate change, including unilateral ones, should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade”.
Supreme Court acted as Constitution's heart and soul for 74 years: Justice Gavai
Speaking at the inauguration of the Diamond Jubilee Year of the Supreme Court, Justice B R Gavai emphasized the court's role in safeguarding citizens' rights and the ideals of justice, liberty, equality, and fraternity. He also highlighted the importance of diversity and representation in the judiciary. Justice Sanjiv Khanna, who is in line to become the Chief Justice of India, emphasized the need for innovative solutions to make courts more citizen-friendly and litigant-driven.
Governance of Lord Ram was source of inspiration for Constitution makers: PM Modi
Prime Minister Narendra Modi highlighted the collective strength of the country during the consecration ceremony at the Ram temple in Ayodhya. He emphasized that the governance of Lord Ram was an inspiration for the makers of the Constitution. Modi expressed joy over the transformation of the Padma awards system, which now recognizes grassroots workers who bring about significant changes.
New French immigration law promulgated by Macron: Official Journal
France's Constitutional Council had previously censured certain contentious additions to the bill made under insistence from the right, including measures restricting access to social benefits and the introduction of immigration quotas. Macron had called on Interior Minister Gerard Darmanin after that ruling to do "everything in his power" to "implement the immigration law as quickly as possible", a member of the president's team said.
Three other Naga groups decide to pursue negotiations with Central government
Already Isak-Muivah faction of the National Socialist Council of Nagalim (NSCN-IM) holding talks with the Central government. The leaders of three splinter Naga groups -- National Socialist Council of Nagaland (NSCN) led by Akato Chophy, NSCN-K led by Khango and Naga National Council (NNC) led by Z. Royim decided to jointly negotiate with the Center to resolve the Naga political issue.
Three Naga groups come together for talks with Centre for solution to decades-old Naga Political Issue
"The three groups have come together to have a joint political venture in 2024," said Akato, while addressing journalists after the meeting here in the presence of leaders of the other two groups. Asked if they have already approached the Centre with their decision to hold a dialogue, he said, "We have made separate approaches in the past but now we will make a joint effort on the Naga issue."
India's tech chops help GCCs to look within for solutions
ANSR, which helps set up GCCs and handles over 110 centres and 120,000 GCC talent resources, says that over 30,000 critical jobs over the past decade have been insourced from system integrators to their own payrolls by GCCs.
NCLT admits personal insolvency application against Kishore Biyani
The admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the guarantor. But it does not give the resolution professional (RP) the right to take control of the personal assets of the guarantor. Following the ruling, the RP will invite claims from lenders and also validate them.
Rahul Gandhi parochial in opposing one nation, one election, should not stand in way of reforms: BJP
"It requires vision and intention, both of which Rahul Gandhi sadly lacks. While he may be incapable of coming up with ideas that could help the country progress, the least he can do is not stand in the way of much-needed structural reforms," Amit Malviya said.The Congress leader has alleged that the idea of "one nation, one election" is an attack on the Indian Union and all its states.
Idea of 'one nation, one election' attack on Indian Union and all its states: Rahul Gandhi
Congress leader Rahul Gandhi on Sunday alleged that the idea of "one nation, one election" is an attack on the Indian Union and all its states. In a post on X, Gandhi said, "INDIA, that is Bharat, is a Union of States." "The idea of 'one nation, one election' is an attack on the Union and all its States," Gandhi said.
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