News stories about "governments" in India.

Posted on: 28 Mar, 10:11 PM

The 16th Finance Commission faces some daunting challenges

The Commission confronts some challenging issues in the shorter-than-usual tenure it has got. It will have to balance centralization and subsidiarity needs while ensuring that local governments are well funded in accordance with sound principles of governance. Key Points

mint

Tech Tent - Why are some governments worried about TikTok?

Catch up on your favourite BBC radio show from your favourite DJ right here, whenever you like. Listen without limits with BBC Sounds. Key Points

BBC

Liquor stocks weather it all: From sin tax to prohibition and many times attack from bears on the Street

Liquor is one of the most taxed businesses in the country. A bottle of a particular brand which cost Rs 400 in one state may cost as much as Rs 1200 in another. State governments don't want to lose their power to tax liquor business. Another big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand. Key Points

Economic Times

Liquor stocks weather it all! From sin tax, prohibition to multiple bear attacks on D-Street

Economic Times

View: India’s PC import restrictions smell like desperation

India's decision to impose restrictions on the import of computers and tablets now appears to be more like bureaucratic desperation than a solid industrial policy. Businesses will require an import license to bring items like laptops into the country. The governments attempt to push back the implementation only adds to the sense that New Delhi is making things up as it goes along. Key Points

Economic Times

DMK’s promise to clip guv powers; Congress boosted in Bihar; in HP, leaders dither

States like Tamil Nadu and Delhi are pushing back against governors' power over elected governments, with DMK promising to curb their powers in their manifesto. Congress gains momentum as Pappu Yadav and Danish Ali join ahead of polls. | Latest News India Key Points

Hindustan Times

Some damage to rabi crops due to unseasonal rains; yet to receive full report from states: Centre

The Centre has said that there has been some damage to the rabi (winter) crops, including wheat, due to unseasonal rains and hailstorm brought about by western disturbance. However, the state governments have not yet reported the extent of damage. The minister asserted that the central government will provide compensation under the National Disaster Relief Fund (NDRF) if the state governments submit a report after assessing the extent of damage. Key Points

Economic Times

Working group calls for states to fix ceiling on incremental guarantees; more transparency

A working group, consisting of finance ministry officials, members of the Comptroller and Auditor General of India, and senior RBI officials, has recommended that state governments fix a ceiling for incremental guarantees issued in a year. The group suggests that states should set a limit of 5% of revenue receipts or 0.5% of gross state domestic product for such guarantees. Key Points

Economic Times

Initial days were tough, says worker rescued from Uttarkashi tunnel

Vishal is a resident of Mandi, Himachal Pradesh. His mother Urmila thanked the Uttarakhand and Himachal Pradesh state governments for the successful rescue operation. Key Points

India Today

Election Factor: 5 construction & contracting companies with ‘buy’ recos have upside potential of up to 32

Historically, in an election year, two things happen: one some state governments tend to push for completion of infrastructure projects so that they may be showcased as achievements. Second, more money gets pumped into the system. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points

Economic Times

Stop criticising consulting firms. They fill gaps created by civil servants who stop upskilling

There’s a reason senior government officials rely more on consultants than their own subordinates. They walk the extra mile that mid or junior-level officials won’t. Key Points

ThePrint

China's cities are buried in debt, but they keep shoveling it on

The infrastructure splurge is far from over. On Feb. 23, the Shangqiu Communist Party secretary reiterated the city's vision as a logistics power when celebrating a new partnership with a state-owned investment firm, which could help Shangqiu borrow money for even more projects. Key Points

Economic Times

Consulting firm McKinsey to pay $230 million in latest US opioid settlements

Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S. local governments and school districts alleging it fueled an epidemic of opioid addiction through its work for bankrupt OxyContin maker Purdue Pharma and other drug companies. Key Points

Reuters