Around the Globe

Around the Globe

FM cites higher tax mop up to dismiss economic slowdown fears

Dismissing concerns of slowdown due to demonetisation, Finance Minister Arun Jaitley today said both direct and indirect tax collections have shown robust increase during the April-December period, indicating uptick in economic activity including manufacturing.

He said direct tax collection was up 12.01 per cent at Rs 5.53 lakh crore in April-December 2016 as compared to revenue in the year-ago period, while indirect tax receipts soared 25 per cent to Rs 6.30 lakh crore.

Govt expresses dissatisfaction; IAS officers call of CL strike

A section of IAS officers who decided to proceed on mass casual leave today to protest the "vindictive" attitude of Vigilance Chief Jacob Thomas, called it off after Chief Minister Pinarayi Vijayan told them it cannot be justified in any manner.

Talking to reporters after meeting representatives of IAS Officers Association, Vijayan said government made it clear that their agitational path was being viewed very seriously.

Will present Motor Vehicles Bill in Budget Session: Gadkari

Government today said it would try to present the Motor Vehicles (Amendment) Bill which proposes hefty penalties for violation of traffic norms in the upcoming Budget session, soon after it receives it from Parliament's Joint Select Committee.

"The Motor Vehicles (Amendment) Bill is with the Joint Select Committee of the Parliament. I am hopeful that after we receive it (Bill), we will soon try to present it in the coming session of the Parliament," Road Transport and Highways Minister Nitin Gadkari said here.

Sensex gains 24 points on positive Asian cues

The benchmark BSE Sensex rose around 24 points in opening trade today as investors made selective buying in blue chip stocks amid a better trend in other Asian bourses.

The 30-share index, which had lost 119.01 points in the previous session, recovered 23.86 points, or 0.09 per cent, to 26,783.09, with metal, capital goods, FMCG, PSU, banking and oil & gas stocks leading the recovery.

I’m still SP chief: Netaji

Cycle, the symbol of Samajwadi Party, faces the threat of being frozen before the Uttar Pradesh assembly polls if the Election Commission is not able to decide which of the two factions of the party commands majority in the organisation.

Petrol pumps won’t accept card payments from today

Petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday after banks decided to levy transaction (MDR) charge from them instead of consumers.
In order to promote cash-less transactions, the government had waived the merchant discount rate (MDR) on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.

Decision on GM mustard put on backburner for now

The commercial release of genetically modified (GM) mustard seed by the environment ministry may have been shelved as of now after strong opposition from RSS-affiliated organisations such as Swadeshi Jagran Manch and Bharatiya Kisan Sangh which have sought a complete ban on the Bt seed. Incidentally, sowing of mustard, which is grown in the rabi season (starting October), is almost over. The mustard acreage has increased to 68.94 lakh hectare as on December 30, 2016, an increase of 12.6 per cent from the year ago period.

EC seeks Centre's response on Oppn protest over Budget timing

Acting on Opposition complaint, the Election Commission has sought the Centre's response on their objection to presenting the budget on February 1 before the Assembly polls to five states.

Chief Election Commissioner Nasim Zaidi has written to Cabinet Secretary P K Sinha who is likely to consult the the Parliamentary Affairs Ministry before framing his response on the government's plans to advance the budget presentation to February 1, sources said.

Court seeks police report on banker's plea to surrender

A special court has sought a report from Delhi Police on a plea by a private bank official, who was arrested by the Enforcement Directorate in connection with a demonetisation fraud, seeking to surrender in a related case.

32-year-old Vineet Gupta, suspended branch manager in Axis Bank's Kashmere Gate branch here, pleaded the court to issue his production warrant for his appearance before it from jail, saying that he wanted to surrender in the cheating case lodged by Delhi Police to show his "bonafide".

SBI donates Rs 22 lakh to Hyderabad NGO for mobile clinic

State Bank of India today donated Rs 22.23 lakh from its Corporate Social Responsibility (CSR) fund to a city-based organisation for a mobile clinic which will provide healthcare facilities to poor families.

SBI Managing Director Rajnish Kumar handed over a cheque of Rs 22.23 lakh to Hyderabad Council of Human Welfare (HCHW) Director Mohd Rafiuddin at an event organised here.

The mobile clinic, which will be on road next week, will provided free medical treatment to nearly 500 people every day in slum areas.