Around the Globe

Around the Globe

BSP first off the blocks with list for 100 UP Assembly seats

BSP today surged ahead of its rivals by declaring names of its official candidates for 100 of the 403 Assembly seats in Uttar Pradesh, giving over one third to Muslims.

Muslims account for nearly 20 per cent of the state's electorate and perhaps keeping this in mind, members of that community have been given tickets in 36 of the 100 seats spread over 20 districts declared by her today.

"List of candidates for other seats will be released soon," BSP said in a release here.

Control regime may return to sugar sector

Sugar prices in retail markets are rising on falling output, giving a fresh headache to the Centre. If prices go beyond Rs 45 a kg, the government may well ask mills to release a fixed quantity of the sweetener every month.
Mills selling a fixed quantity in open markets is the best option as of now to control prices.
“In short-term, this is the only option to control prices if sugar moves beyond a certain level,” an official said. Even if it is imposed, it will be temporary to bring down the prices, he added.

Raids cast shadow on reforms

The arrest of key Trinamool Congress leaders in the Rose Valley scam has cast its shadow on the already rocky relations between the Centre and non-BJP ruled states like Bengal.
Finance minister Aru Jaitley on Wednesday reeled off tax collection data to counter Bengal FM Amit Mitra’s charge that demonetisation has led to a drastic drop in Bengal’s tax revenues. There was evidence that the war of words between the Centre and non-BJP states are set to escalate even further.

GST sure to miss April 1 deadline

The April 1 deadline for the launch of goods and services tax (GST) appeared increasingly uncertain on Wednesday.
With the Centre and states unrelenting on their positions over right to control assessees and taxing high-sea trade in the new indirect tax regime, the government’s deadline now seemed difficult to meet.

Industry expects budget to bring down gold import duty to 5%

Buoyed by commerce minister’s recommendations for lowering gold import duty, the country’s gems and jewellery sector hopes that the budget would bring the duty down to five per cent. It also wants the government should not insist PAN card details for cashless gold and jewellery purchases.

Bengal FM Mitra stages walkout

An all out war has broken between the Mamata Banerjee-led Trinamul Congress and the Bharatiya Janata Party. Bengal finance minister Amit Mitra staged an angry walkout from a pre-Budget meeting in the capital on Wednesday, saying there was ‘financial emergency’ and ‘political environment of fear’ in the country. This is a clear indication that the Trinamul Congress leadership has decided to go all out against the Modi government.

New diplomatic enclave to boost Dwarka real estate prices

In a move that could push property prices in Dwarka in the national capital, the government on Wednesday approved transfer of land for the purpose of establishing a second diplomatic enclave in the area that will house embassies and chanceries.

BJP offices, workers attacked as TMC takes to streets

From Kolkata to New Delhi to Bhubaneshwar, TMC MPs, leaders and workers held protests against Tuesday’s arrest of their MP Sudip Bandyopadhyay as alleged workers of West Bengal’s ruling party attacked BJP offices, hurling bombs and setting them on fire.
Furious over the arrest of Bandyopadhyay, TMC leader in the Lok Sabha and a close Mamata Banerjee aide, party workers also demonstrated in front of CBI offices in Kolkata and Bhubaneshwar, where the MP was taken for production in a court after his arrest.

Poll dates for 5 states announced

The election commission has drawn a grueling over two-month-long schedule for assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa, which will keep the central government on the tenterhooks as they coincide with the budget session of Parliament.

Break the deadlock

The two-day meeting of the GST council that ended on Wednesday was the eighth meeting of the GST council over the past three months. Several challenges have been overcome, while a few more issues are now required to be ironed out. While the date of April 1 announced earlier looks difficult, it is now expected that GST will kick in from July.