Daily Archives: August 2, 2018

GST revenue in July rises to Rs. 96,483 cr.

“The total gross GST revenue collected in July 2018 is Rs. 96,483 crore, of which CGST is Rs. 15,877 crore, SGST is Rs. 22,293 crore, IGST is Rs. 49,951 crore (including Rs. 24,852 crore collected on imports) and cess is Rs. 8,362 crore (including Rs. 794 crore collected on imports),” …

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Cabinet okays 51% stake for LIC in IDBI

The Union Cabinet on Wednesday gave its approval to the government’s decision to reduce its stake in IDBI Bank below 50%, with Life Insurance Corporation raising stake in the bank to 51%. The boards of IDBI Bank and LIC have both given their approval for the deal. This policy will …

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RBI flags ‘currency war’ risk to stability

Reserve Bank of India (RBI) Governor Urjit Patel has flagged the risks to macroeconomic stability from a potential ‘currency war’ in the wake of rising global trade tensions and said the central bank’s decision on Wednesday to raise interest rates was aimed at firmly anchoring inflation expectations. “RBI’s statements on …

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Matuas in West Bengal up in arms

The Matua Mahasangha, a pressure group of the Namasudra caste, alleged that out of the about 40 lakh people who did not figure in the NRC, nearly 6 lakh were from the Matua sect. The Matua Mahasangha claimed about five crore Matuas, predominantly from Bangladesh, lived in West Bengal. 52 …

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Supreme Court begins hearing on adultery law

With this, a five-judge Constitution Bench, led by Chief Justice of India Dipak Misra, began examining whether the pre-Independence provision of adultery (Section 497) treats a married woman as a commodity owned by her husband and violates the constitutional concepts of gender equality. The petition filed by Kerala-based Joseph Shine, …

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‘Lynchings a failure of rule of law’

Former Chief Justice of India T.S. Thakur on Wednesday said people getting killed by lynch mobs is a “complete failure of the principle of rule of law” and an independent judiciary is essential to protect the Constitution and the rule of law. The former CJI also hinted at the churn …

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Centre warns against data abuse

The government told the social media platforms that fake news or abusive news could not be circulated and re-circulated to “create crimes”, Mr. Prasad said. “Therefore, the origin of those news should also be technologically answered. I have made it clear to them that it does not need rocket science …

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Gorkhas of Assam feel left out

While the focus of the NRC has been on the exclusion of Bengali Muslims and Hindus — two communities often suspected to be illegal migrants — an estimated 100,000 of some 2.5 million Gorkhas in Assam have not found their names in the updated draft. “Data collected from the districts …

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Reservation can’t be given in a hurryCM

Maharashtra Chief Minister Devendra Fadnavis said on Tuesday that any reservation extended in a hurry to the Maratha community will not stand up in court, while the BJP ally Shiv Sena stirred the quota pot further by asking the State government to extend reservation to Dhangars and Kolis as well. …

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