GST compensation cess to stay beyond June 2022 to help states

GST compensation cess to stay beyond June 2022 to help states
While the Centre had assured to compensate states in case GST collections did not grow 14% annually, the compensation requirement has shot up to an estimated Rs 3 lakh crore this year due to Covid-19. With a projected deficit of Rs 2.3 lakh crore, the Centre has come up with two options, involving market borrowings, to bridge the gap with repayment funded through the compensation cess.

from Times of India

SC query on Vijay Mallya ‘secret proceedings’

SC query on Vijay Mallya ‘secret proceedings’
The Supreme Court on Monday asked Vijay Mallya's counsel to reveal the nature of 'secret proceedings' in UK which is holding up his court-cleared extradition to India and also to inform as to when the fugitive liquor baron would appear before it to get sentenced in a contempt of court case, in which he was found guilty in May 2017. Mallya's lawyer Ankur Sehgal attempted to evade by resorting to "I am not aware" statements.

from Times of India

Jagan set to meet Modi; buzz of YSRC joining NDA

Jagan set to meet Modi; buzz of YSRC joining NDA
BJP, sources said, wants YSRC to join the NDA as the exits of Shiv Sena earlier this year and the Shiromani Akali Dal last month have brought down the NDA's strength in the Rajya Sabha to 113. Sources added that with 28 MPs - 22 in Lok Sabha and six in Rajya Sabha - YSRC could make BJP's life easier in Parliament. The party had voted for farm bills in the just-concluded session.

from Times of India

You could soon order street food online

You could soon order street food online
The urban affairs ministry and a major online food ordering and delivery platform have signed an MoU to enable street food vendors to tap a bigger market using the company's e-commerce platform for more business. To begin with, a pilot will be carried out involving 250 vendors across five cities - Ahmedabad, Chennai, Delhi, Indore and Varanasi - and this coverage will be expanded subsequently to other cities.

from Times of India