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Last updated on 2 Oct,2023 02:30 PM
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Refresh- India's devastating monsoon season is a sign of things to come, as climate and poor planning combineThe devastation of this year's monsoon season in India, which runs from June to September, has been significant: Local government estimates say that 428 people have died and Himachal Pradesh suffered over $1.42 billion worth in property damage since June.
- India's GST collections up 10% y/y to Rs 1.63 lakh crore in SeptemberIndia's goods and services tax (GST) collections reached Rs 1.63 lakh crore in September, a 10% increase compared to the same period last year. The CGST component was Rs 29,818 crore, SGST Rs 37,657 crore, IGST Rs 83,623 crore, and cess Rs 11,613 crore. The government settled Rs 33,736 crore to CGST and Rs 27,578 crore to SGST from IGST.
- CoBRA versus guerrilla: Jungles of Kashmir will witness a new warfare nowCoBRA commandos are trained in elite Counter Insurgency and Jungle Warfare (CIJWS) School in Mizoram, and they possess advanced equipment and technology for forest fighting. They have a successful track record, having completed over 32,000 operations and neutralizing militants.
- Rahul Gandhi pitches for regime change in MP, calls for caste censusRahul Gandhi, a leader of the Indian National Congress, has called on the people of Madhya Pradesh to vote out the BJP government, claiming that the state has become a center of corruption under their rule. He promised that if the Congress is voted back into power, they will focus on development and progress. Gandhi also criticized the Narendra Modi government for neglecting socially backward sections of society and pledged to conduct a caste census once the Congress is in power.
- BJP engineered splits in parties started by 'Marathi people': Supriya Sule on Shiv Sena, NCP breaking upSupriya Sule, a leader from the Nationalist Congress Party, accused the Bharatiya Janata Party (BJP) of engineering splits in two political parties that were started by Marathi people. She claimed that the BJP was responsible for the division in the NCP and Shiv Sena. Sule also criticized the BJP for demoting Devendra Fadnavis, the former chief minister of Maharashtra.
- Asian Games 2023 India medal tally: Full list of Gold, Silver, Bronze medal winnersIndia has sent a 655-member contingent to participate in the Asian Games 2023 in Hangzhou, China. The event, originally scheduled for 2022 but postponed due to COVID-19, started on September 23 and will continue until October 8. With a larger contingent this year, India is hopeful of surpassing its previous medal count of 70, including 16 gold, achieved at the Jakarta 2018 Games. Athletics has historically been India's strongest sport at the Asian Games.
- If INDIA bloc wins 2024 LS polls, country will follow principles of Ambedkar, Lohia: Akhilesh YadavSamajwadi Party president, Akhilesh Yadav, stated that if the opposition INDIA coalition comes to power, they will follow the principles of Bhimrao Ambedkar and Ram Manohar Lohia. He warned that if they do not succeed, the BJP may change the Constitution. Yadav also criticized the BJP for exploiting the backward classes and Dalits, and accused them of deceiving people in the name of women's reservation. He expressed his desire for the Congress and Samajwadi Party to contest the assembly election in Madhya Pradesh together to defeat the BJP.
- Last date to exchange Rs 2000 bank notes extendedThe Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
- INDIA bloc will take care to ensure no disputes among partners ahead of state polls: Sharad PawarMore than two dozen opposition parties have formed the Indian National Developmental Inclusive Alliance (INDIA) to take on the BJP in next year's general elections. Replying to a question about apparent friction in West Bengal as the Congress has staked claim to some seats, the veteran politician said there are no elections there in the immediate future.
- Dr Devi Prasad Shetty’s tips for a healthy heart: Carbohydrate is the next villain, not oilDr Devi Prasad Shetty, Chairman & MD of Narayana Health, advises restricting carbohydrate intake and becoming spiritual for a positive impact on health. He emphasizes the importance of preventive check-ups, especially for those engaging in extreme sports. Shetty suggests wearing a smartwatch and walking 8,000 to 10,000 steps per day. He also warns against prolonged sitting and recommends practicing good posture, yoga, and quitting smoking. Additionally, he suggests monitoring weight in pounds, reducing carbohydrate consumption, and focusing on protein and vegetables. Regular health check-ups, including blood tests and heart evaluations, are recommended for individuals over 40.
- A M Naik steps down as chairman of L&T GroupNaik, 81, will now be the chairman of the employees trust. He will focus on increasing many philanthropic initiatives that he has been undertaking for the past few years, according to a statement.
- Electoral bonds are 'legalised bribery', says Congress' ChidambaramElectoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding. The sale of the first batch of electoral bonds took place in March 2018. The State Bank of India (SBI) is the only bank authorised to issue electoral bonds.
- Bribes and premiums to BMC push Mumbai property prices higher than in DubaiReal estate buyers in Mumbai are facing exorbitant charges and bribes from authorities, making the already expensive city even more costly. Builders are forced to pay significant bribes to obtain building permissions, resulting in inflated prices for buyers. Some argue that there is no justification for Mumbai's real estate prices being higher than those in Dubai.
- Government shutdown averted with little time to spare as Joe Biden signs funding before midnightWith the clock ticking down to the midnight Saturday deadline, the Senate voted 88 to 9 to keep the lights on through mid-November with a resolution that had already advanced from the House.
- Major ports embrace transformation to 'landlord ports' in pursuit of efficiency and growthMajor ports in India, including Visakhapatnam port, are transitioning to a landlord port model, where private players take over the operational aspects of the business while the ports act as regulators and landlords. This shift towards public-private partnerships is aimed at increasing efficiency and reducing costs. Currently, six private companies control eight out of 29 berths at Visakhapatnam port, contributing 60% of the total throughput.
- Have urged Centre to implement OPS for Delhi govt employees: CM KejriwalDelhi Chief Minister Arvind Kejriwal on Sunday voiced support for the old pension scheme and said he has requested the Centre to implement it for Delhi government employees. His remarks came amid a massive protest at the Ramlila Maidan here by central and state government employees from more than 20 states for the restoration of the old pension scheme.
- Thousands of govt employees gather at Ramlila Maidan to demand restoration of Old Pension SchemeThousands of central and state government employees from over 20 states gathered at Ramlila Maidan to protest against the New Pension Scheme and demand the restoration of the Old Pension Scheme. The employees, who joined government service after January 1, 2004, are concerned about their post-retirement future as they feel deprived of the Old Pension Scheme.
- Vedanta in search of nirvana: A look into the six-way split of the conglomerateIndian conglomerate Vedanta Resources is facing increased risk around its upcoming debt repayments, leading to a downgrade by Moody's Investors Services. The company is struggling to raise funds to cover its debt obligations, including $3.2 billion in bonds maturing between 2024 and 2025. Moody's warned of a further downgrade if the company fails to make progress on funding arrangements.
- How Tata Group companies are unlocking power of equity-based incentives to attract & retain talentOver the last two years, Tata Consumer Products, Tata Power, Tata Communications, Titan and Tata Elxsi began offering performance-based stock units, restricted stock units and employee stock options (Esops) – all forms of equity-based compensation – for the first time. The latest is Tata Power, which sought shareholder approval to issue Esops this month. A top Tata group executive said instruments like Esops help companies to ensure their compensation packages are close to industry trends.
- Manipur: Valley-based MLAs, ministers rule out change of CMThe Ministers and MLAs representing the valley area of Manipur held a meeting with the Youth of Manipur on Saturday at Manipur Bhavan, New Delhi.
- India's devastating monsoon season is a sign of things to come, as climate and poor planning combineThe devastation of this year's monsoon season in India, which runs from June to September, has been significant: Local government estimates say that 428 people have died and Himachal Pradesh suffered over $1.42 billion worth in property damage since June.
- Bribes and premiums to BMC push Mumbai property prices higher than in DubaiReal estate buyers in Mumbai are facing exorbitant charges and bribes from authorities, making the already expensive city even more costly. Builders are forced to pay significant bribes to obtain building permissions, resulting in inflated prices for buyers. Some argue that there is no justification for Mumbai's real estate prices being higher than those in Dubai.
- Indian Army turns to ancient texts to prepare for wars of the futureThe Indian Army has launched "Project Udbhav" to tap into ancient Indian wisdom in statecraft, strategy, diplomacy, and warfare. In collaboration with the United Service Institution of India, the Army Training Command conducted a seminar on the evolution of Indian military systems and strategic thought.
- A M Naik steps down as chairman of L&T GroupNaik, 81, will now be the chairman of the employees trust. He will focus on increasing many philanthropic initiatives that he has been undertaking for the past few years, according to a statement.
- Killers enjoy 'wonderful life' in Canada which shouldn't be a hub of murderers, says Bangladesh Foreign MinisterBangladesh-Canada dispute lies in Ottawa's decision not to extradite Noor Chowdhury, who has openly admitted to being the perpetrator behind the assassination of Bangladesh's founding father, Sheikh Mujibur Rahman.
- Vedanta in search of nirvana: A look into the six-way split of the conglomerateIndian conglomerate Vedanta Resources is facing increased risk around its upcoming debt repayments, leading to a downgrade by Moody's Investors Services. The company is struggling to raise funds to cover its debt obligations, including $3.2 billion in bonds maturing between 2024 and 2025. Moody's warned of a further downgrade if the company fails to make progress on funding arrangements.
- Congress dividing women on caste lines, hates me as I am from OBCs: PM Narendra ModiPrime Minister Narendra Modi criticized the Congress government in Chhattisgarh, accusing it of corruption in every scheme and targeting marginalized communities. He promised stern action against those involved in the state's Public Service Commission 'scam' if the BJP comes to power. Modi also alleged corruption in the distribution of ration under the PM Garib Kalyan Yojana and in the cow dung procurement scheme.
- Should you accumulate HDFC Bank at current levels? Dipan Mehta answersSpecific sectors, nothing specific in mind, but banks should do pretty much well for the next two-three weeks or so and we will be entering into earnings season and those are the keys and news flow which you should watch out for because when the company declares the earnings that is when we have the maximum volatility and a lot of trading also happens around those events. So, I think we are in for a quiet week from the news flow point of view, but pretty busy towards the end of next month.
- Electoral bonds are 'legalised bribery', says Congress' ChidambaramElectoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding. The sale of the first batch of electoral bonds took place in March 2018. The State Bank of India (SBI) is the only bank authorised to issue electoral bonds.
- India's GST collections up 10% y/y to Rs 1.63 lakh crore in SeptemberIndia's goods and services tax (GST) collections reached Rs 1.63 lakh crore in September, a 10% increase compared to the same period last year. The CGST component was Rs 29,818 crore, SGST Rs 37,657 crore, IGST Rs 83,623 crore, and cess Rs 11,613 crore. The government settled Rs 33,736 crore to CGST and Rs 27,578 crore to SGST from IGST.
- Rahul Gandhi pitches for regime change in MP, calls for caste censusRahul Gandhi, a leader of the Indian National Congress, has called on the people of Madhya Pradesh to vote out the BJP government, claiming that the state has become a center of corruption under their rule. He promised that if the Congress is voted back into power, they will focus on development and progress. Gandhi also criticized the Narendra Modi government for neglecting socially backward sections of society and pledged to conduct a caste census once the Congress is in power.
- Uddhav Thackeray faction moves Supreme Court against speakerThe Thackeray faction has alleged that the schedule for the hearing was another attempt to waste time and sought directions from the top court for a faster hearing. The court is set to hear the petition on October 6.
- Thousands of taxpayers get GST notices for FY18Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they would be required to furnish 10% of the total liability as a deposit for filing an appeal.
- CoBRA versus guerrilla: Jungles of Kashmir will witness a new warfare nowCoBRA commandos are trained in elite Counter Insurgency and Jungle Warfare (CIJWS) School in Mizoram, and they possess advanced equipment and technology for forest fighting. They have a successful track record, having completed over 32,000 operations and neutralizing militants.
- Why Bangladesh is calling Canada a hub for all murderersWhen asked about Bangladesh's founding father Sheikh Mujibur Rehman's killer who continues to live in Canada, Momen said, "He’s having a good life in Canada. He has been there. We have been requesting the Canadian government to send back the self-confessed killer of Bangabandhu, the father of our nation. Unfortunately, Canada is not listening to us and they have come up with a variety of excuses. So, we also went to the Canadian court to understand what is the status, since he has been staying in Canada for a long time." Momen said.
- Climate of violence: Let’s not normalise what is happening in Canada, says JaishankarAddressing a press conference in Washington DC on Friday, S Jaishankar said, “...Our point is that there is today a climate of violence, an atmosphere of intimidation...Just think about it. We have had smoke bombs thrown at the mission. We have had our consulates…violence in front of them. Individuals have been targeted and intimidated. There are posters put up about people”.
- BJP engineered splits in parties started by 'Marathi people': Supriya Sule on Shiv Sena, NCP breaking upSupriya Sule, a leader from the Nationalist Congress Party, accused the Bharatiya Janata Party (BJP) of engineering splits in two political parties that were started by Marathi people. She claimed that the BJP was responsible for the division in the NCP and Shiv Sena. Sule also criticized the BJP for demoting Devendra Fadnavis, the former chief minister of Maharashtra.
- Asian Games 2023 India medal tally: Full list of Gold, Silver, Bronze medal winnersIndia has sent a 655-member contingent to participate in the Asian Games 2023 in Hangzhou, China. The event, originally scheduled for 2022 but postponed due to COVID-19, started on September 23 and will continue until October 8. With a larger contingent this year, India is hopeful of surpassing its previous medal count of 70, including 16 gold, achieved at the Jakarta 2018 Games. Athletics has historically been India's strongest sport at the Asian Games.
- Yet another majestic structure will be lost due to PM Modi's 'systematic erasure campaign': Congress on National Museum"The nation loses not just a majestic structure but also loses a piece of its recent history which is the target of a systematic erasure campaign of the Prime Minister. It has over 2,00,000 priceless exhibits and there is no guarantee that this national treasure will survive the supposed relocation," Jairam Ramesh said.
- Ukraine left out in cold by US shutdown dealBarely a week after President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans. Biden and his Democratic party say America has a duty to help Ukraine stand up to Russian President Vladimir Putin's brutal invasion, warning that a failure to do so could embolden other autocrats in the future.
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