Sunday, July 14, 2024



Centre authorises release of tax devolution of Rs 1.39 lakh cr to States for June

NEW DELHI, JUNE 11: The Centre on Monday authorised the release of tax devolution of ?1.39 lakh crore (trillion) to States for June. It was decided that apart from the regular release of the devolution amount for the month of June, one additional installment will be released, the Finance Ministry said in a statement. "This amounts to ?1,39,750 crore in the current month. This will enable States to accelerate development and capital spending", it added. At present, 41% of taxes collected by the Centre is devolved in 14 installments among...

EC asks States to provide quick no dues certificate to people wanting to contest polls

NEW DELHI, MAY 3: The Election Commission on Friday directed States to ensure that those intending to contest polls are provided with 'no dues certificate' within 48 hours of the request as those who do not submit the document while filing nominations face the prospect of their papers being rejected. If a candidate is not able to provide 'no dues certificate' even after he has cleared all such dues, it goes against his candidature at the time of scrutiny of nominations. The EC advisory noted that there is "no respite"...

Supply of indelible ink to States for LS elections completed; biggest chunk for UP

BENGALURU, APRIL 5: The Mysore Paints and Varnish Ltd has completed the supply of over 26.55 lakh vials of indelible ink worth approximately Rs 55 crore to various States and Union Territories for the upcoming Lok Sabha elections, with the biggest share going to Uttar Pradesh. The Karnataka Government undertaking has been manufacturing the ink since 1962, solely for the Election Commission. The 7-phase Lok Sabha polls will kick off on April 19 with the counting of votes set to take place on June 4. Assembly elections will be held...

Wheat stocks to drop to 16-year low, Centre asks States to prepare for early procurement

NEW DELHI, FEBRUARY 19: The Modi-Government has asked States to prepare for the early procurement of wheat as internal Food Ministry estimates point to stocks plunging to a 16-year low by April 1. This crisis has profound political implications in the backdrop of the 2024 general election and farmer protests centered on demands to legalise minimum support prices. According to Food Ministry estimates, the wheat stock with FCI is likely to fall close to the buffer of 7.4 million tonnes (mt) by April 1 because of aggressive selling in the...
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