After INLD leader's killing, ADGP (law & order) among 15 IPS officers transferred in Haryana
Opposition is targeting BJP-JJP govt after Nafe Singh Rathee's killing. Five Haryana Police Services (HPS) officers also figure in transfer list. Key Points
ThePrintNREGS may get Rs 28,000 cr more, over and above budgeted Rs 60,000 cr
Nearly 95% of the budgetary allocation for FY24 has already been released. The additional funds will be included in the first batch of supplementary demands for grants and will bring the total outlay for the scheme closer to last year's level of ₹90,000 crore. The government aims to maintain its fiscal deficit target of 5.9% of GDP by cutting wasteful expenditures and reallocating savings. Key Points
Economic TimesKarnataka: CM Siddaramaiah taps booze, property markets to fund poll pledges
The excise duty has been proposed to be increased by 20% on Indian-made liquor. On beer, the additional excise duty will be raised to 185% from 175%. Even after the increase in excise rates, the price of liquor in our state would be lower when compared to the neighbouring states, the chief minister said, presenting the fiscal 2023-24 budget of the new Congress government Key Points
Economic TimesCustoms to introduce additional disclosures for export-import of medicinal products from July 1
The Customs Department is introducing additional disclosures for the import and export of medicinal products starting from July 1, to accelerate clearances of shipments. The Central Board of Indirect Taxes and Customs (CBIC) is mandating additional qualifiers for exports of parts of plants to reduce Customs officials' queries, which often pose problems for EXIM traders involved in medicinal plants and chemicals trading. Key Points
Economic Times2 J&K, Ladakh high court addl judges made permanent
Justices Rahul Bharti and Moksha Khajuria Kazmi, additional judges of the Jammu and Kashmir and Ladakh high court, were made permanent judges. Their names were also recommended by the collegium on January 4. Key Points
Hindustan Times
Indian govt earmarks Rs 1,43,332 crore worth incentives to 12 states for power sector reforms
The Indian government has provided financial incentives of Rs 1,43,332 crore to 12 states for power sector reforms. This includes Rs 66,413 crore as additional borrowing for reforms completed in 2021-22 and 2022-23. The incentives aim to improve efficiency and performance and will enable states to borrow additional funds. Specifically, states can borrow up to 0.5% of their Gross State Domestic Product annually from 2021-22 to 2024-25 if they implement specific power sector reforms. Key Points
Economic TimesChina must de-escalate all along LAC for normal ties with India
LA deployed additional troops in Eastern Sector prior to 20th National Party Congress in October 2022. They have still not been deinducted. | Latest News India Key Points
Hindustan TimesSebi floats consultation paper on additional disclosures by FPIs
India's Securities and Exchange Board (SEBI) has published a consultation paper seeking responses from the public on proposed guidelines on additional public disclosures by foreign portfolio investors with INR250bn ($3.7bn) of assets under management in equity. SEBI estimates that high-risk FPI assets under management of around INR2.6tn ($38.3bn), about 6% of total FPI equity AUM and less than 1% of India's total equity market capitalisation, may be affected by the proposed regulations. Key Points
Economic TimesCustoms to introduce additional disclosures for export-import of medicinal products from June 1
The Customs Department is proposing to introduce additional disclosures for the export and import of medicinal products from June 1 to fast-track clearances of shipments. These additional disclosures, once introduced, will reduce queries of Customs officials, which are frequently posed to EXIM traders dealing in medicinal plants and chemicals. Key Points
Economic TimesStocks in news: Delta Corp, IRCTC, Polycab India, Shyam Metalics, M&M
The union government has nominated Sanjay Kumar Jain for additional charge as IRCTC CMD. Accordingly, Seema Kumar relinquished additional charge for the post of IRCTC CMD. Key Points
Economic Times
MP CM Mohan Yadav holds meeting with officers in-charge of various divisions
During the meeting, CM Yadav held a discussion regarding the strengthening of law and order in the state and other important issues. He also gave necessary directions to them on the occasion. Key Points
Hindustan TimesGovernment seeks nod for extra spend
India Business News: The government seeks parliamentary nod for additional spend of Rs 1.3 lakh crore, including Rs 58,378 crore in net cash outgo. The food and fertiliser Key Points
Times Of IndiaCDC expedites release of 77,000 additional doses of Sanofi-AstraZeneca's RSV drug
The U.S. Centers for Disease Control and Prevention said on Thursday it has expedited the release of more than 77,000 additional doses of Sanofi (SASY.PA) and AstraZeneca's (AZN.L) respiratory syncytial virus (RSV) drug Beyfortus. Key Points
ReutersNCLT directs Go First RP to file additional affidavit, include progress on maintenance
Go Firsts resolution professional was directed by the National Company Law Tribunal on Friday to file an additional affidavit within the next 10 days, which shall also include a report on the maintenance of assets. The tribunal said that noted that as this was a serious matter, a report on maintenance could be included in the additional affidavit to be filed by RP of Go First. Key Points
Economic Timesadditional contribution of 1.16% for higher pension to be drawn from employers' payout
Additional contribution of 1.16% of basic wages for subscribers opting for higher pension will be managed from employers’ contributions to social security schemes run by retirement fund body Employees’ Provident Fund Organisation (EPFO.) Key Points
The HinduKiren Rijiju takes additional charge of food processing industries ministry
New Delhi, Mar 20 (PTI) Earth Sciences Minister Kiren Rijiju on Wednesday took additional charge as the Union Minister of Food Processing Industries. Earlier in the day, President Droupadi Murmu accepted the resignation of Union Food Processing Industries Minister Pashupati Kumar Paras. After this, Rijiju was given the additional charge of the Ministry of Food […] Key Points
ThePrintIndia to save Rs 1.28 lakh crore every year if more cargo moves by Rail: Railways Minister Ashwini Vaishna
India's Railways Minister, Ashwini Vaishnaw, stated that India could save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1,500 million tonnes of cargo via trains. He highlighted that another 3,000 million tonnes of additional cargo is expected to move in the country by 2031 at the current economic growth rate. Key Points
Economic TimesIndian govt seeks parliament nod for extra spending for FY24
The Indian government on Wednesday sought parliament's approval for additional spending of 1.29 trillion rupees ($15.48 billion) in the current fiscal year, mainly towards higher subsidies for farmers and a rural job employment programme. Key Points
ReutersWeakness in bank stocks seen short-lived
The Nifty Bank index declined 0.7% as against the 0.5% decline in the benchmark Nifty. Equitas Small Finance, AU Small Finance, Bank of Maharashtra, and Bank of India fell between 2% and 5%. Kotak Mahindra, Bandhan, Indian Overseas Bank, Canara Bank and Union Bank declined nearly 1.5% each. Key Points
Economic Times13 Haryana districts to have new SPs
The Haryana government has posted Abhishek Jorwal, who was ADC to governor, as SP Kaithal district. Arsh Verma, who was additional SP (Jind), has been posted as ADC to governor with additional charge of SP (Lokayukta), according to an official order of the Haryana home department. Key Points
Hindustan Times
Lok Sabha passes Rs 1.48 lakh crore supplementary grants for FY'23 without debate
Of the total additional cash outgo, Rs 36,325 crore is for payment towards fertiliser subsidy. This includes additional subsidy outgo of Rs 21,000 crore for P&K (phosphorus and potassium) and Rs 15,325.36 crore for urea. Key Points
Economic TimesSEBI proposes additional disclosure for high-risk foreign portfolio investors
The paper said that some FPIs have been observed to concentrate a substantial portion of their equity portfolio in a single investee company/ company group. In some cases, these concentrated holdings have also been near static and maintained for a long time. Key Points
The Indian ExpressFinance Ministry announces additional Rs. 1.39 lakh crore tax devolution to states for June
New Delhi [India], June 10 (ANI): Finance Ministry has announced the release of an additional installment of tax devolution to states for June 2024, in a move to support state finances and spur economic development. The total amount released to states for June now stands at Rs 1,39,750 crore. This decision aims to provide states […] Key Points
ThePrintWherehouse? Spice, dry fruit importers facing GST heat
The Goods and Services Tax (GST) authorities have issued notices to around 50 importers of spices, dry fruits, processed food, and poultry for storing products at warehouses different from the actual place of supply. They seek additional tax payments of approximately Rs 1,000 crore. Some importers have also been warned of registration cancellation. Key Points
Economic TimesRoad building has slowed, but a ₹50,000 cr booster may help
The Union budget for FY24 allocated ₹2.6 trillion for road construction, and the ministry of road transport and highways (MoRTH) plans to use the additional funds to build new roads, pay for projects awarded earlier, and acquire land. Key Points
mint
Highway building to get 50,000 crore boost
The Union budget for FY24 allocated ₹2.6 trillion for road construction, and the ministry of road transport and highways (MoRTH) plans to use the additional funds to build new roads, pay for projects awarded earlier, and acquire land. Key Points
mintEC orders removal of West Bengal DGP Rajiv Kumar, BMC's Chahal ahead of Lok Sabha polls: Report
The Election Commission ordered the removal of several top officials, including West Bengal's DGP Rajiv Kumar and BMC Commissioner Iqbal Chahal, ahead of the Lok Sabha polls. Additionally, it directed the removal of home secretaries from six states and secretaries of the General Administrative Department in Mizoram and Himachal Pradesh. Key Points
Economic TimesUdaan CFO Aditya Pande resigns; firm announces senior-level changes
Kiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate strategy & investor relations, has been given additional charge of business finance. Key Points
Economic TimesArmy vehicle with jawans onboard ambushed by terrorists in Jammu & Kashmir's Poonch district
The attack took place in the Thanamandi area of Poonch district. There was no immediate report of any casualty. additional forces have been rushed to the spot Key Points
FirstpostCabinet approves Garib Kalyan food grain programme for another 5 years
The PM Garib Kalyan Yojana was initially started during the start of the Covid pandemic, where ration card holders were entitled to receive an additional five kg grains (wheat or rice of individual's choice). Also, chana was also being provided as part of the additional food distribution programme. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/KLHYYL7QGRPCJPZQKFL6XOU6UQ.jpg)
Apple supplier Luxshare to invest $330 mln more in northern Vietnam
Apple (AAPL.O) supplier Luxshare Precision Industry Co (002475.SZ) has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said. Key Points
ReutersUS 'likely' to give details on new military assistance for Israel: Blinken
"We're looking at specific additional requests that the Israelis have made. I think you're likely to hear more about that later today," Blinken said. | World News Key Points
Hindustan TimesGovernment eases laptop, tablet import curbs: Report
This move is expected to provide manufacturers such as Apple Inc., HP Inc., and Dell Technologies Inc. with additional time to prepare for potential limitations. Key Points
India TodayGovt hikes windfall tax on domestic crude, diesel export, ATF
New Delhi, Aug 14 (PTI) The government on Monday hiked special additional excise duty on crude petroleum to Rs 7,100 per tonne with effect from August 15. In the last fortnightly review, windfall tax on domestically produced crude oil was set at Rs 4,250 per tonne. Besides, the Special additional Excise Duty (SAED) or duty […] Key Points
ThePrintAssam government has decided to procure for the first time mustard seeds
Assam chief minister Himanta Biswa Sarma said that procurement period will be between May 29, 2023 to August 26, 2023. “Individual farmers can sell up to 25 quintals of their Fair Average Quality produce per day having moisture content less than 8% and foreign matter less than 2%. additional quantity can be sold on consecutive days. Beneficiary farmers to receive MSP within 3 working days of sale of stock directly in their bank accounts.” Key Points
Economic Times
Amazon Great Republic Day sale to begin on January 13: Top deals on OnePlus, iQOO, Samsung phones
Amazon India's Great Republic Day Sale will run from January 13 to January 18, 2024. The sale features a vast range of products, including exclusive deals on smartphones from various brands. Key Points
India TodayUttarakhand government seeks more paramilitary forces amid Haldwani unrest
In response to the turmoil in Haldwani's Banbhoolpura during an anti-encroachment operation, over two dozen individuals have been apprehended, with five arrests made so far. Law enforcement is reviewing CCTV footage to identify those involved in stone pelting and arson. Chief Secretary Radha Raturi has requested additional Central Armed Police Force (CAPF) forces to maintain law and order. Curfew has been lifted in most areas, and investigations are ongoing. Legal action, including charges under the National Security Act (NSA) and Unlawful Activities (Prevention) Act (UAPA), is underway against the culprits. Key Points
Economic TimesKarnataka issues uniform fare structure for cab aggregators
Aggregators such as Uber, Ola and Rapido will only be able to charge distance-based fares depending on the cost of the vehicle. By doing this, the state government has thus eliminated different fares for cabs deployed by ride-hailing platforms and city taxis. Key Points
Economic TimesUP govt ends honorarium for Madrassa teachers
However, the move is expected to adversely impact over 21,000 madrassa teachers, who are already struggling with their livelihoods since 2017 when the Centre stopped releasing its share of funds for the scheme, leading the state too to freeze its share. In the absence of both Centre and state's honorariums, it was the additional pay being paid by the state government that kept the teachers somewhat afloat. Key Points
Economic Times20 pc retaliatory duty removal on American apple imports to have 'zero' impact on Indian farmers: official
India's decision to remove retaliatory tariffs on US apples, imposed in 2019 in response to the US increasing tariffs on certain steel and aluminium products, will not have any negative impact on Indian farmers. The decision to remove these additional duties was part of an agreement reached between India and the US during Modi's visit to USA. Key Points
Economic Times
Uno Minda announces key leadership changes; CFO Sunil Bohra to take up additional responsibility
Sunil Bohra, Group CFO, will take on the additional responsibility of CEO, Safety and Control Systems (SCS Domain). Ravi Mehra will be responsible for Marketing, Human Resource, Strategy, Purchase, Information Technology and Corporate Affairs. Naveesh Garg will transition into new role. Key Points
FinancialexpressHigher PF pension: 1.16% to be taken from employers’ share, says Centre
Additional contribution of 1.16% of basic wages for subscribers opting for higher pension will be managed from employers’ contributions to social security schemes run by retirement fund body Employees’ Provident Fund Organisation (EPFO.) Key Points
The HinduWHO updates COVID-19 vaccination guidelines; check out the revised recommendations
The roadmap considers the cost-effectiveness of COVID-19 vaccination for those at lower risk--namely healthy children and adolescents--compared to other health interventions. It also includes recommendations on additional booster doses and spacing of boosters. Key Points
The Indian ExpressLok Sabha okays Centre’s extra net spend of Rs 1.48 lakh crore
Of the total additional cash outgo, Rs 36,325 crore is for payment towards fertiliser subsidy. This includes additional subsidy outgo of Rs 21,000 crore for P&K (phosphorus and potassium) and Rs 15,325.36 crore for urea. Key Points
Economic TimesHigher EPS pension calculation: Know the extra amount you need to pay, returns you will get; should you go
EPFO has clarified many issues related to higher EPS pension computation especially for past missing contribution towards EPS on actual higher wages. However, the most crucial aspect which the eligible members want an answer is how much extra amount they will have to pay for higher pension and whether it will give them a good returns or not. Here's how you can go about it. Key Points
Economic Times
There can't be shortage of Polio vaccine; Serum Institute can make it: CEO Adar Poonawalla
Pune-based Serum Institute of India (SII) is prepared to increase production of injectable poliomyelitis vaccine (IPV) to fill the gap left by France's Sanofi closing its manufacturing plants in India. SII currently supplies half of the 20 million IPV doses to the government's immunization program and can provide additional doses with a 3-4 month notice. Adar Poonawalla, SII CEO, stated that supplying IPV to the government at current prices is unviable for most companies, but SII continues to do so as a service to the nation. Key Points
Economic Times