New Delhi: The legislative power to tax mineral rights vests with the states and the royalty paid on minerals is not a tax, the Supreme Court ruled on Thursday in a landmark judgement which will give a huge revenue boost to mineral-rich states. A nine-judge constitution bench headed by Chief Justice D Y Chandrachud, in […]
NEW DELHI: In a dissenting verdict, Supreme Court judge Justice B V Nagarathna on Thursday said if the power to levy taxes on mineral resources are given to the states, there would be “breakdown of the federal system” as they would compete among themselves and jeopardise mineral development. Justice Nagarathna was the lone judge on […]
NEW DELHI: Minimum support price (MSP) has become ‘maximum suffering’ for farmers under Prime Minister Narendra Modi-led government and the Budget 2024-25 has failed to address issues of people involved in farm activities, Congress Rajya Sabha member Randeep Singh Surjewala said on Thursday. Taking part in the discussion on the Union Budget, he said the […]
MUMBAI: Former Maharashtra home minister and NCP(SCP) leader Anil Deshmukh on Thursday made explosive allegations against Deputy Chief Minister Devendra Fadnavis, accusing him of orchestrating a plot to topple the Maha Vikas Aghadi (MVA) government through false accusations. “Three years ago Devendra Fadnavis sent a man to me and asked me to write four affidavits. […]
NEW DELHI: The Opposition INDIA bloc parties will hold a protest on July 30 at the iconic Jantar Mantar over the alleged deteriorating health of Delhi Chief Minister Arvind Kejriwal inside Tihar jail, the Aam Aadmi Party announced on Thursday. Earlier on Tuesday, AAP MPs held a protest demonstration outside the Parliament House against alleged […]
NEW DELHI: Gold prices continued to fall for the third day and tumbled Rs 1,000 to Rs 70,650 per 10 grams in the local market here on Thursday amid heavy selling by jewellers, triggered by a fall in rates in overseas markets. According to the All India Sarafa Association, the yellow metal prices had closed […]
NEW DELHI: The government will conduct a pilot study to improve the viability of Fair Price Shops (FPS), the Ministry of Consumer Affairs, Food and Public Distribution said in a release. Aiming to improve the viability of 60 FPS, this study is being organised across Hyderabad, Ghaziabad, Jaipur and Ahmedabad. The Ministry said, the central […]
NEW DELHI: In a fillip to local manufacturing, 32 companies have invested Rs 8,282 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing till June 30, the Parliament was informed. The IT Ministry said that 27 companies have cumulatively invested Rs 464.66 crore under the PLI scheme for IT hardware and PLI scheme […]
WASHINGTON: US President Joe Biden told Americans in an Oval Office address that he ended his re-election campaign to “unify my party” with the larger goal of protecting American democracy and that goal is larger than “personal ambition”. He found it a good time to “pass the torch to a new generation”. Biden, who had […]
NEW DELHI: India’s textile sector is poised for growth with a 28 per cent increase in the Budget allocated for the sector for 2024-25, said Northern India Textiles Mills Association (NITMA ) President Sanjay Garg. This significant boost in funding is expected to drive innovation, enhance productivity, and create new opportunities for the textile industry […]