Watch: GST collections dip further and more on The Good, The Bad and The Ugly

Delhi High Court had faced enormous criticism last year when it banned sale of diesel cars above 2000 cc in the Delhi/NCR region to tackle rising pollution. Guess what, it may inspired Germany's Highest Administrative Court in Leipzig. The Court has upheld the lower court orders in the cities of Dusseldorf and Stuttgart-the most polluted German cities-to band diesel vehicles. The court also said other cities have the right to ban polluting vehicles to improve worsening air quality levels. High levels of nitrogen oxides or NOx in the air kills upto 13,000 Germans every year. Even the European Commission has threatened legal action against Germany and other countries in EU for high levels of air pollution.The move is GOOD and is obviously welcomed by environmentalists.

GST continues to keep the government and its accountants on tenterhooks. January revenue collection has dipped just slightly to Rs 86,318 crore as against Rs 86,703 crore in December. Also, the low percentage of filers has continued to keep the government guessing. Of the 1.03 crore taxpayers registered under GST, only 57.78 lakh filed returns for January. Apparently, north eastern states lag significantly in GST compliance. Meanwhile, finance minister Arun Jaitley has declared that a single GST rate is not possible due to wide disparities. However, the government may consider it once compliance improves.

Reports now suggest that Nirav Modi's money trail may be leading to the US tax-free state of Delaware. The state is host of nearly half of all companies registered and traded in the US. News service IANS has reported on February 27 Nirav Modi's Firestar Diamond Inc filed for bankruptcy in a New York court, under Chapter 11 proceedings. It is believed to have listed its liabilities at between $50 - $100 million. At home, at special court in Mumbai allowed the Enforcement Directorate to Letters Rogatory to six countries to identify and seize Nirav Modi's properties to recover dues in the PNB fraud case. PNB has informed the stock exchanges that the fraud may be nearly $2 billion, about $200 million higher than original estimates.