Finance

Kolkata: Amit Mitra, the finance minister of West Bengal and the former head of the Empowered Committee of the state finance ministers on GST rollout, has urged Union finance minister Nirmala Sitharaman to borrow an additional Rs 72,000 crore on account of GST compensation and pass it on to all the states. Mitra has also requested Sitharaman to call a GST council meeting in this regard. The Bengal FM has also asked for removal of conditions for increasing the limit of borrowing for the states.In a letter to union FM, Mitra has pointed out that the Centre had arranged a mechanism to meet up the shortfall in GST compensation cess collection, where the Centre is borrowing Rs 1.10 lakh crore out of Rs 1.82 lakh crore estimated GST compensation gap. It was done through a special window of RBI by the Centre and passed the same as back-to-back loan to the state in weekly tranches. “I have urged the Centre to borrow the remaining amount and to pass on the same to states as back-to-back … [Read more...] about Mitra urges Sitharaman for remaining GST compensation

New Delhi: Amid raging controversy surrounding WhatsApp's new data privacy policy, former Rashtriya Swayamsevak Sangh (RSS) ideologue KN Govindacharya on Saturday urged Union Finance Minister Nirmala Sitharaman to impose taxes on data transfer between Facebook group companies."It is suggested that the best way to regulate internet companies is through adequate taxation," Govindacharya wrote in the letter reviewed by IANS."We are hopeful that you will consider this very important aspect by inserting specific provisions in the upcoming Finance Bill (Budget 2021) to impose tax on data transactions of tech giants in India, with retrospective effect, as it may help the Government bring in much needed revenue and improve the lives of Indians."Facing intense criticism worldwide and now a court case in India, WhatsApp deferred its new data privacy policy announced this month. The Facebook-owned platform delayed the introduction of the policy till May 15.In his letter to the Finance Minister, … [Read more...] about Tax data transfer between Facebook group companies: Govindacharya to FM

How do we tap from the experience of those who have played the game when former footballers are not showing much interest in running the game in Nigeria? You are very right. That is one of the biggest problems we have. The decay in every industry is also the same in sports. Everything is going comatose, sports is one of them. It is a reflection of what obtains in the larger society. In Nigeria, if you don’t have the finances, you don’t have a pressure group or respectable people who can make their voices heard, you will not experience growth in your industry. … [Read more...] about Akanni challenges Rohr: Prove your worth with home-based players

Don't Miss Lifestyle National Girl Child Day 2021: History And Significance Of This Day Finance Petrol, Diesel Rates Hit New Highs, Prices Up By 1 Rupee This Week Automobiles Ampere Electric Scooter Sales Cross 75,000 Units: 300th Dealership Opened In India Movies Adele Finalises $171 Million Divorce Settlement With Simon Konecki Nearly Two Years After Split Sports Kevin De Bruyne injured: How will Man City cope without their talisman Technology LG K42 Budget Smartphone Goes Official In India; Sale Begins On January 26 At Flipkart Education JK Bank PO Result 2021: Check Mains Result At jkbank.com Travel 10 Best Places To Visit In Assam In January 2021 … [Read more...] about 8 year old tunnel to push Pakistan terrorists detected by BSF

According to the Prime Minister's Office, PM Modi will distribute over one lakh land 'pattas' (allotment certificates) in Sivasagar, Assam on the same day. The Prime Minister's visit to the two states assumes significance as both are headed to assembly polls in April-May. … [Read more...] about Parakram Diwas: PM Modi in Kolkata for Subhas Chandra Bose’s 125th birth anniversary celebrations