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Prime Minister Narendra Modi addresses centenary convocation of University of Mysore, via video conferencing, in New Delhi, Monday, Oct. 19, 2020 | PTI Photo

Necessary changes are being made in all sectors to ensure India’s growth, says PM Modi

Speaking at a Mysore University ceremony via video conference, PM Modi said this decade has brought an immense opportunity for young India.
A file photo of Jharkhand Chief Minister Hemant Soren. | Photo: ANI

‘Entire India could plunge into darkness’ — Soren warns of coal blockade after row with Centre

Soren targets Centre for its decision to deduct Rs 1,417-cr electricity dues from Jharkhand’s account with RBI, warns against taking ‘undue advantage’ of state's 'tolerance'.
A representational image on GST filing

States won’t move court over GST compensation, but want higher payout

The softened stance comes after the Centre agreed to borrow up to Rs 1.1 lakh crore to meet part of the GST compensation shortfall.
Representational image of Union finance ministry | ANI

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to bridge GST shortfall

The Finance Ministry says the amount borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases.
GST Bhavan | Commons

TN gets central govt nod to borrow 9,600 cr to meet GST shortfall, has picked Option 1

A total of 21 states and two UTs have so far agreed to the first of the two options offered by central govt to make up for its inability to pay GST compensation.
Traders have blamed e-commerce sites like Amazon & Flipkart for poor Diwali sales

Ban or monitor Amazon & Flipkart’s festive sales, they cause tax loss — traders’ body to FM

In a letter to FM Sitharaman, CAIT accuses Amazon & Flipkart of engaging in predatory pricing during festive sales, causing loss of GST and income tax to the government.
Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi Monday | Photo: Suraj Singh Bisht | ThePrint

I don’t take anybody for granted, says Sitharaman after stormy GST council meet over dues

As many as 10 opposition-ruled states rejected both the borrowing options put forward by the Centre. The next GST Council meeting is scheduled for 12 October.

GST, IBC, MPC – Modi govt’s key economic reforms stall as coronavirus disrupts economy

Reforms stalling is weighing on outlook for India’s economy, which has gone from one of the fastest growing in the world to among the worst hit by Covid.
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman chairing the 41st GST Council meeting via video conferencing, in New Delhi on August 27, 2020 | GST Council

GST collections rise by 4% to Rs 95,480 crore in September

The tax collections from import of goods and domestic transaction were 102% and 105% respectively, of the revenues during the same month last year.
Finance Minister Nirmala Sitharaman speaks in Parliament Friday evening | Photo: ANI | LSTV

Govt not reneging on word to states, given Rs 107 for every Rs 100 collected — Sitharaman

Finance Minister Nirmala Sitharaman insists Modi govt is not going back on its responsibility towards the states, will discuss compensation issue in GST council.

On Camera

Plastic pollution in water bodies

Banning glitter is not going to save the oceans

Humans release 1.5 million tons of primary microplastics into the ocean annually, a sum equivalent to one disgorged plastic bag for every person each week.

Karnataka High Court stops Franklin Templeton debt funds closure without investor consent

Franklin Templeton shut six of its fixed-income and credit-risk funds run in India in April, locking in Rs 308 billion of investor monies following a liquidity crisis.

Defence

Defence Minister Rajnath Singh at Sukna Military Camp in Darjeeling district on Saturday | ANI

India wants to end border row with China, but will not cede an inch of land, says Rajnath Singh

The defence minister was speaking after performing 'Shastra Puja' at the Sukna-based headquarters of the Indian Army's 33 Corps in Darjeeling on the occasion of Dussehra.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.