Centre Financial News

Centre's direct tax collection continues to rise to stand at Rs. 6.53 lakh crore till August 10.

₹1,700 a quintal from ₹1,370 a week ago in Maharashtra's Lasalgaon mandi. Retail prices are hovering at ₹30 a kg, according to the data from the consumer affairs ministry's price monitoring division. Prices have increased due to fears of shortage going ahead.

New Delhi: The union ministry of power has made changes to the technical requirements for bidding of high voltage direct current (HVDC) transmission systems through tariff based competitive bidding (TBCB) route. Through the amendment, government has raise the requisite period of experience in the infrastructure to 10 years from 5 years. The minimum individual project experience would be ₹100 crore.

number of attempts and age-limit in respect of the civil services examination. The civil services examination (CSE) is conducted annually by the Union Public Service Commission (UPSC) in accordance with the CSE rules notified by the government, the minister of state for Personnel said.

New Delhi: The consumer affairs department has rolled out a fresh set of guidelines for celebrities, influencers, and virtual influencers who endorse health and wellness products to deal with misleading advertisements, unsubstantiated claims and ensure transparency. These new guidelines serve as an expansion to the existing “Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022" released on June 9, 2022, and the “Endorsement Know-hows!" guide booklet launched on January 20, 2023, the ministry of consumer affairs, food & public distribution said.

peace talks between the Centre, Assam government and the ULFA pro-talk faction will be held at the national capital after Independence Day, the outfit's leader Anup Chetia has said. Chetia, who was speaking to reporters on Wednesday, also hoped that the peace talks will be concluded before 2024. «We hope to arrive at a solution with the Government of India before the (general) election… It realises that if it signs the agreement with us (ULFA pro-talk faction) the Assam imbroglio will be solved,» he said.

ULFA pro-talk faction will take place in Delhi, said the outfit's leader Anup Chetia on Wednesday while hoping for its conclusion before 2024, according to a report published by the news agency PTI. Speaking to media persons, Chetia said, “We hope to arrive at a solution with the Government of India before the (general) election ... It realizes that if it signs the agreement with us (ULFA pro-talk faction) the Assam imbroglio will be solved." “After Independence Day celebrations our discussions will be held in New Delhi with the representatives of the Government of India and Government of Assam," the outfit's leader said.

Narendra Modi on Thursday morning held a meeting with Defence Minister Rajnath Singh, Parliamentary Affairs Minister Pralhad Joshi and Union Ministers Piyush Goyal and Arjun Ram Meghwal to discuss the government's strategy in Parliament Prime Minister Narendra Modi is set to address the Lok Sabha on Thursday in response to the Opposition's no-confidence motion against the NDA government. Defence Minister Rajnath Singh confirming the PM's presence at the Parliament on Wednesday, said, “The PM will be present in the House on Thursday to reply to the no-confidence motion." Meanwhile, Union Home Minister Amit Shah also confirmed that the Prime Minister will be present in the House on Thursday to reply to the no-confidence motion. The opposition moved a no-confidence motion against the Modi government on July 26 which was accepted by Lok Sabha Speaker Om Birla.

Congress leader Rahul Gandhi on Wednesday accused the Modi government of 'murdering Bharat Mata' in Manipur and of 'dividing Manipur into two parts'. Participating in the debate on the no-confidence motion in the Lok Sabha on Wednesday, Gandhi blamed the Centre for its handling of Manipur since violence erupted three months ago. «I say Manipur, but the truth is there is nothing of Manipur left.

Kerala Legislative Assembly has passed a resolution requesting the Central government to change the name of the state from ‘Kerala’ to ‘Keralam’. Chief Minister Pinarayi Vijayan moved the resolution in the Kerala Assembly.

₹2,700 crore. Mint details the features of the new convention centre, which is one of the largest in the world. • The Pragati Maidan Ccomplex with a campus area of approximately 123 acres is India’s largest MICE (meetings, incentives, conferences, and exhibitions) destination.

Parliament passing the contentious Delhi services bill, Rajya Sabha MP Kapil Sibal on Tuesday took a swipe at the Centre, saying they don't tolerate «single engine» governments anywhere in India. Parliament on Monday passed the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, that gives the central government control over bureaucrats in the Delhi government with the Rajya Sabha approving it with 131 votes in favour and 102 against.

By Pavel Polityuk

Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry. Talking to PTI, All India Railwaymen Federation General Secretary Shiva Gopal Mishra said, «The CPI-IW for June 2023 was released on July 31, 2023.

basmati, the aromatic, long-grained rice that has a huge demand in the global market. The winner of the bid, Latiq Ahmed, immediately calls up his manager in a Haryana rice mill and asks him to transfer `4,76,100 to the seller’s bank account. Sadhuram, the commission agent, is thrilled to have clinched a “good deal” and pocketed an instant 2% brokerage fee, `9,522 in this case, from the purchaser. “Two weeks ago, there was a slump in basmati’s demand. Look at this market now. This bid has fetched `4,761 per quintal,” says Bobby Goyal, an agent present at the high-voltage bidding that lasted less than five minutes. “The government has banned the export of non-basmati rice and, here, the basmati prices are going through the roof,” he says. Another variety of basmati paddy, which was auctioned minutes earlier, had fetched a less — `4,071 per quintal. This was the scene that unfolded earlier this week when ET visited the Agricultural Produce Market Committee’s mandi at Narela, one of the biggest grains markets in the country, which auctioned rice and wheat worth `1,470 crore in 2022-23. On July 20, the government banned the export of non-basmati rice. Ahead of crucial state elections, it does not want to risk domestic food security or exacerbate inflation. Export of non-basmati rice, excluding parboiled, rose from 1.3 million metric tonnes (MMT) in pre-pandemic 2019-20 to 6.3 MMT in 2022-23, an almost five-fold jump.Why ban?

indirect tax policy making body, showed separate official orders on Saturday. A finance ministry order said that Sanjay Kumar Agarwal, a 1988 batch Indian Revenue Service (IRS) official as the Chairman of CBIC with the status of special secretary to the government of India.

₹43 per kg and is projected to remain within a reasonable range. Over the past 10 years, the country has experienced less than 2% annual inflation in sugar prices, highlighting the efficacy of government policy interventions in stabilizing prices.

₹787 crore (excluding partially explored coal mines) calculated at the peak rated capacity (PRC) of these coal mines. These auctions are also anticipated to attract a capital investment of approximately ₹1,050 crore, leading to creation of around 9,464 employment opportunities, it added.

Delhi High Court on Friday sought a response from the Centre, Election Commission of India, and 26 political parties on a petition seeking to restrain opposition parties from using the acronym INDIA for their alliance. Opposition bloc INDIA (Indian National Developmental Inclusive Alliance) comprising 26 parties was announced at a meeting in Bengaluru, Karnataka on July 17-18 to take on the ruling NDA in the 2024 Lok Sabha elections. A bench of Chief Justice Satish Chandra Sharma and Justice Amit Mahajan issued notices to the ministries of Home Affairs and Information and Broadcasting, ECI and 26 political parties on the petition, saying that the matter needs to be heard.

Article 370 of the Constitution in the Supreme Court on Thursday argued that the legislature had no power to alter its status and that the way it was tossed out was a “mosaic of illegalities”. “Constituent assembly while drafting it decided that…the legislature cannot change” the status of Article 370, senior advocate Kapil Sibal argued on behalf of the petitioners. “That is the element of permanency,” he added.

The Centre on Thursday relaxed key rules to give a one-year extension to Cabinet Secretary Rajiv Gauba beyond August 30, 2023, according to a Personnel Ministry order. With the completion of this third extension, he will become the longest serving cabinet secretary of the country.