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Politics

Centre to release another Rs 35,000 cr compensation to states soon

NEW DELHI: The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on …

Politics

Delta lands in Bengaluru with a tech centre, to hire 300 people

BENGALURU: Delta Airlines (DAL) has touched down in Bengaluru. The US airline has set up a global capability centre (GCC) in the city to expand its tech runway. It has two other tech hubs, in Atlanta and Minneapolis. Delta‚Äôs Technology Hub will employ over 300 professionals in areas including data science/analytics, cyber security, enterprise architecture, …

Politics

GST evasion: Centre, state tax officers to share taxpayers information to tighten enforcement

NEW DELHI: Central and state tax officers will share information about taxpayers for enforcement action as the government looks to tighten enforcement measures to check GST evasion. “CBIC launches application for sharing information between Centre and state for targeted enforcement action against GST evasion. A big leap in intelligence sharing and cooperative federalism #GST,” the …

Health

Budget 2020: Centre allocates $40 billion for farm sector to lift wobbly economy

Narendra Modi-led BJP government said on Saturday it would inject nearly $40 billion into the sprawling farm sector and billions more into a federal water scheme to get broader economic growth back up from its lowest in a decade. Finance Minister Nirmala Sitharaman, presenting the 2020/21 budget for the financial year beginning April 1 to …