New Delhi, Aug 29: States will have to forego borrowing flexibility of 1% of state GDP given under the Atmanirbhar Bharat package if they opt to settle their entire GST compensation shortfall for FY21 through market borrowings. As per the design of the options given to the states by the Centre to meet GST compensation gap, if the states decide to meet the entire shortfall of Rs 235,000 crores
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Chennai, Aug 29: Four days after joining the BJP, former Karnataka IPS officer K Annamalai has been appointed as the vice-president of the Tamil Nadu unit of the saffron party. Party president L Murugan on Saturday issued a statement, announcing the appointment of Annamalai as the vice-president. Annamalai joined the saffron party in the presence of national general secretary Muralidhar Rao on
Raipur, Aug 29: Congress president Sonia Gandhi on Saturday alleged that anti-national and anti-poor forces were spreading hatred and venom of violence in India and the influence of 'tanashahi' (dictatorship) on the country's 'lokshahi' (democracy) was rising. She also said that the founding fathers of the country would have never imagined that the Constitution and democracy will be in danger 75
New Delhi, Aug 29: India has received the highest rainfall in August this year since 1976 -- 25 per cent more than the average, after recording 10 per cent less downpour than the average in July, thus setting a new record after 44 years, the IMD said. The India Meteorological Department (IMD) however, has forecast that the monsoon may slow down in September. "The forecast so far has been correct
Chennai, Aug 28: Congress MP and businessman H. Vasanthakumar died of COVID-19 at a private hospital in Chennai on Friday evening. He was 70. He was working president of TNCC and represents the Kanniyakumari Lok Sabha constituency. He was earlier an MLA who was elected from Nanguneri Assembly constituency. He started his career as a salesman and went on to found Vasanth & Co, a home appliances
Thiruvananthapuram, Aug 28: Lulu group chairman M A Yusuff Ali on Thursday clarified that he has no links in the controversy pertaining to the Thiruvananthapuram airport development project and has appealed not to drag his name into the issue. In a statement here, he said it was the central government which decided to hand over the rights to run the Thiruvananthapuram airport to Adani Group. "The
New Delhi, Aug 28: The government has permitted the airlines to serve pre-packed snacks, meals and beverages on domestic flights and hot meals on international flights, according to an official order. Moreover, any passenger who refuses to wear a face mask in a flight can be put on the no-fly list by the airline, said a senior official of the aviation regulator DGCA. Due to the coronavirus
New York, Aug 28: India is on course to have an "approved" vaccine within the first quarter of the calendar year 2021 and Pune based Serum Institute of India (SII), the world's largest vaccine manufacturer by volume, is well placed to deliver the first vaccine, according to a report out Thursday from Bernstein Research, a top Wall Street research and brokerage firm. "Globally, there are four
New Delhi, Aug 28: In a clear message to those who recently wrote a dissent letter challenging her leadership, Congress president Sonia Gandhi Thursday formed a five-member panel in Rajya Sabha including her confidants and elevating two young MPs to senior positions in Lok Sabha. Ahmed Patel, KC Venugopal and Jairam Ramesh will be part of the Rajya Sabha Committee, which will also include Leader
New Delhi, Aug 27: Amid a chorus by non-NDA ruled states for compensation of GST revenue shortfall, the Centre on Thursday presented two options to states under which they can borrow from the market to make up for the estimated deficit of Rs 2.35 lakh crore this fiscal. At the end of a five-hour long meeting of the GST Council, Finance Minister Nirmala Sitharaman said there was no proposal to