GST compensation for 9 states could double to Rs 70,000 cr: ICRA : Bulletin: Business Today
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GST compensation for 9 states could double to Rs 70,000 cr: ICRA

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December 20, 2019

Anil Ambani's wealth shrinks by 73% to Rs 970 crore in six months

Industrialist Anil Ambani's equity wealth has seen steep value erosion as it crashed by 73.43 per cent in the last six months to just Rs 970.10 crore ($ 136.6 million) on Wednesday, as against Rs 3,651 crore on June 11. At the peak of his fortunes in 2008, Ambani was ranked the sixth richest man in the world with a wealth of $42 billion.

GST compensation for 9 large states could double to Rs 70,000 crore in FY20: ICRA

GST compensation payment of nine large states, including Gujarat, Maharashtra and West Bengal, is expected to double to Rs 60,000-70,000 crore in 2019-20, according to a report. The states are Gujarat, Maharashtra, Karnataka, Kerala, Tamil Nadu, Haryana, Punjab, Rajasthan, and West Bengal. ICRA, in a report, said the compensation for the shortfall in goods and services tax (GST) collection may rise due to fall in growth of state GST (SGST) revenues amid the economic slowdown
 
Wait for Budweiser, Hoegaarden gets longer as maker AB InBev fails to overturn Delhi ban

An Indian court dismissed Anheuser-Busch InBev's appeal against a New Delhi city sales ban on Thursday, a blow to the world's largest brewer in one of its key market. Authorities in New Delhi barred AB InBev in July from selling its beer for three years over allegations of evading state taxes, which the company has denied. The Delhi city government's Commissioner of Excise later reduced the ban to 18 months.
 
Anti-CAA protests: Two killed in police firing in Mangaluru; curfew imposed

Two persons were killed in police firing at Mangaluru in BJP-ruled Karnataka on Thursday as protests against the Citizenship Amendment Act turned violent, even as street demonstrations surged in southern cities. Police have clamped curfew in parts of Mangaluru until Friday night. Police sources said protesters defying prohibitory orders attempted to lay siege to the Mangalore North police station and tried to attack police personnel.
 
Niti Aayog to draft roadmap for population stabilisation

Government think tank Niti Aayog on Friday will hold a consultative meeting to discuss a roadmap for population stabilisation and come out with a working paper to address key gaps in India's family planning programmes. The Aayog said that India is at a stage where birth rates are falling but the population continues to grow due to the fact that more than 30 per cent of the population is young and in the reproductive age group.
 
Work from home, stay off protests, social media debates on CAA: MNCs tell employees
 
Anti-citizenship law protests in Delhi impacted citizens in Gurgaon and Noida too on Thursday where several companies asked their employees to work from home and cautioned against joining demonstrations. While prohibitory orders under CrPC section 144 were in place in Uttar Pradesh's Noida, a massive traffic snarl trapped thousands of commuters on NH-48, the Gurgaon-Delhi road.
 
 
 
 
 

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