Union Finance Minister Nirmala Sitharaman along with Union Minister of State for Finance Anurag Singh Thakur chairs the 41st GST council meeting via video conferencing in New Delhi on Thursday. (ANI Photo)
Union Finance Minister Nirmala Sitharaman along with Union Minister of State for Finance Anurag Singh Thakur chairs the 41st GST council meeting via video conferencing in New Delhi on Thursday. (ANI Photo)

GST Council could see rare vote as borrowing plan divides states

  • Twenty-two states have decided to borrow to tide over the current shortfall in Goods and Services Tax (GST) receipts
  • This will give the federal tax body, the GST Council, enough voting strength, along with the central government, to decide on the thorny issue of states’ GST compensation

Continuos sloganeering by Opposition MPs in the well of the House, against the Agriculture Bills during the Monsoon Session of Parliament inside Rajya Sabha, in New Delhi on Sunday. (ANI Photo)
Continuos sloganeering by Opposition MPs in the well of the House, against the Agriculture Bills during the Monsoon Session of Parliament inside Rajya Sabha, in New Delhi on Sunday. (ANI Photo)

Passage of farm bills draws fresh political fault lines

  • The problem between the two sides started after opposition parties gathered around deputy Chairman of Rajya Sabha Harivansh
  • It further aggravated after the Bills were passed as protest by opposition continued and 12 parties came together to give a notice of no-confidence against Harivansh

Photo: Mint
Photo: Mint

PSBs overtake private peers to gain biz in 2020

PSBs have lost business to private sector banks over the years, with the latter giving out an increasing amount of loans. However, this has been reversed during 2020, with PSBs making a comeback when it comes to loans. Mint looks at the reasons.

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FILE PHOTO: A Google logo is shown at one of the company's office complexes in Irvine, California, United States, July 27, 2020. REUTERS/Mike Blake/File Photo (REUTERS)
FILE PHOTO: A Google logo is shown at one of the company's office complexes in Irvine, California, United States, July 27, 2020. REUTERS/Mike Blake/File Photo (REUTERS)

Google says cashbacks, vouchers don’t violate Play Store policies

  • The Indian fintech unicorn had written a blog post earlier today, where it said that the Paytm Cricket League campaign didn’t violate the Play Store policies
  • The company also insinuated that Google isn’t applying the same policies to its own Google Pay app

Photo: PTI
Photo: PTI

Covid is worsening inequalities of wealth and income

The pandemic’s unequal burden could leave us with disparities unseen since before the late 19th century

Photo: Ramesh Pathania/Mint
Passengers from international flights (REUTERS)
Passengers from international flights (REUTERS)

International flights: Eligibility rules for travelling to US, UK, Canada

  • Air transport bubbles are temporary arrangements between two countries aimed at restarting commercial passenger services when regular international flights are suspended
  • India currently has air transport bubbles with 13 countries, while more such agreements are on the pipeline

Defence Minister Rajnath Singh briefs media, in New Delhi on Sunday (ANI)

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15th Finance Commission chairman NK Singh. (File Photo: Mint)
Trinamool Congress, Samajwadi Party and Telangana Rashtriya Samiti, among others, had opposed the Farm Bills. (Photo: Mint)
While government officials estimate that the impact of the duty could translate to Rs150-250 per television, manufacturers say end consumer prices could go by  ₹400-1,200 (Mint)
While government officials estimate that the impact of the duty could translate to Rs150-250 per television, manufacturers say end consumer prices could go by 400-1,200 (Mint)

Resumption of customs duty on open cells will put pressure on TV industry: CEAMA

The move to reimpose a 5% import duty on open cell panels, a key component used in the manufacturing of television sets, will add pressure on the TV industry and impact prices of TV sets sold in India

The ban amounting to Google insinuating Paytm to be a gambling app is defamatory in nature, the Noida-based firm said in the blog (MINT_PRINT)
A recent JP Morgan Asset Management’s assessment of India’s markets paints a mixed valuation picture as the economy struggles to get back on its feet (Photo: Mint)
A recent JP Morgan Asset Management’s assessment of India’s markets paints a mixed valuation picture as the economy struggles to get back on its feet (Photo: Mint)

The wind has caught the sails of broader markets, but beware of choppiness

After the change in rules regarding multi-cap fund allocations, investors have piled up on small caps in the hope that fund managers will give them an exit. But most fund houses are more likely to change the mandate of multi-cap funds rather than invest in small caps

AAP MLA and leader Raghav Chadha  (ANI)
MS Dhoni-led Chennai Super Kings' (CSK) defeated defending champions Mumbai Indians by five wickets in the first cricket match of IPL 2020, at Sheikh Zayed Stadium, Abu Dhabi, UAE. (Photo: PTI)
MS Dhoni-led Chennai Super Kings' (CSK) defeated defending champions Mumbai Indians by five wickets in the first cricket match of IPL 2020, at Sheikh Zayed Stadium, Abu Dhabi, UAE. (Photo: PTI)

IPL's Mumbai Indians vs Chennai Super Kings: 8 mn paid viewers on Disney+Hotstar

  • With the coronavirus pandemic delaying the T20 tournament to the second half of the year, IPL is being held in empty stadiums in the United Arab Emirates which, experts said, is expected to drive digital and television viewership

Television producers import these panels for  ₹2,700 for a 32-inch unit and for  ₹4,000-4,500 for a 42-inch television unit, which translates to a duty impact of  ₹150-250 per television. (Photo: Mint)
Television producers import these panels for 2,700 for a 32-inch unit and for 4,000-4,500 for a 42-inch television unit, which translates to a duty impact of 150-250 per television. (Photo: Mint)

Key component for TV manufacturing to attract 5% import duty from 1 Oct

  • Open cell panels are a key component for television manufacturing
  • As part of 'Atmanirbhar Bharat' the govt is keen to expand domestic production capacity for open cell panels

TRS leader Kavitha Maloth holds a placard during a protest by various political parties, demanding the clearance of states' GST dues, at Parliament House in New Delhi (PTI)
TRS leader Kavitha Maloth holds a placard during a protest by various political parties, demanding the clearance of states' GST dues, at Parliament House in New Delhi (PTI)

GST compensation: 21 states in favour of option 1, no takers yet for option 2

21 states, mostly ruled by BJP or parties which have supported it on various issues, have opted to borrow 97,000 crore to meet the GST revenue shortfall in the current fiscal

Shiv Sena's Arvind Sawant speaking in Lok Sabha on Sunday (ANI)
Congress MP Shashi Tharoor  (PTI)
Flags of China and U.S. are seen near a Bytedance logo in this illustration picture. (REUTERS)
Flags of China and U.S. are seen near a Bytedance logo in this illustration picture. (REUTERS)

TikTok owner ByteDance seeking $60 billion valuation in US deal

  • Under the current proposal, there will be five seats on the board of TikTok Global
  • Walmart’s Chief Executive Officer Doug McMillon will become a director, the retailer said in a statement

Several state and local administrations have re-imposed certain virus-related restrictions (PTI)
Farmers fear that by weakening mandis and leaving them to market forces, the government will gradually withdraw from open-ended procurement of paddy and wheat at MSP. (Photo: Mint)
Farmers fear that by weakening mandis and leaving them to market forces, the government will gradually withdraw from open-ended procurement of paddy and wheat at MSP. (Photo: Mint)

Will the new ‘freedom to trade’ Act benefit farmers?

  • The haste with which the bills were passed shows the lack of confidence of the government to open this up to debate and scrutiny. It knew that delving into the details would have shown the bills to be anti-farmer, say farmer groups

A health worker wearing personnel protection kit (PPE) collects nasal swab samples  (AP)
(representative image) (AP)
The bill will give freedom to farmers to sell their produce, says PM Modi. (PTI)
While as of now, no dynamic fare is being charged for these trains, sources said that in the near future, it can be considered
While as of now, no dynamic fare is being charged for these trains, sources said that in the near future, it can be considered

Clone trains will arrive at destinations 2-3 hrs before parent trains: Official

  • The Railways has introduced these 20 pairs of trains on high demand routes with most trains between Bihar, West Bengal, Uttar Pradesh and Delhi, Andhra Pradesh and Karnataka
  • The advance reservation period for these trains will be 10 days and the booking opened at 8 am on September 19

Union Minister for Health & Family Welfare Harsh Vardhan  (ANI)
GFM has earlier raised a $450 million ‘Build to Core’ office development fund and a $150 million office investment fund, which has been fully deployed.
Union Minister of Agriculture & Farmers’ Welfare Narendra Singh Tomar in the Rajya Sabha during the ongoing Monsoon Session of Parliament, at Parliament House in New Delhi, Sunday (PTI)
Union Minister of Agriculture & Farmers’ Welfare Narendra Singh Tomar in the Rajya Sabha during the ongoing Monsoon Session of Parliament, at Parliament House in New Delhi, Sunday (PTI)

Procurement at MSP will continue, clarifies Tomar as RS passes farm bills

  • Mandis will not stop functioning. Under the new system, farmers will have the option to sell their produce at other places in addition to the mandis, says govt
  • The farmer will have full power in the contract to fix a sale price of his choice for the produce. They will receive payment within maximum 3 days, says govt

Defence Minister Rajnath Singh speaks at Rajya Sabha during the ongoing Monsoon Session of Parliament (PTI)
A paramedic prepares for duty at a makeshift Covid-19 care center at an indoor sports stadium, in New Delhi (AP)
All the covid-isolation centres set up by TCS will have 24/7 medical cover, along with daily monitoring by trained professionals (Representational Image)
A smartphone with the Tik Tok logo is seen in front of a displayed Oracle logo in this illustration. (REUTERS)
A smartphone with the Tik Tok logo is seen in front of a displayed Oracle logo in this illustration. (REUTERS)

Donald Trump backs Oracle deal, allowing TikTok to continue to operate in US

  • US shareholders are expected to control 53% of TikTok Global, a person briefed on the matter said, while Chinese investors will hold 36%
  • Oracle said it will take a 12.5% stake in TikTok Global

Covid-19 has raised the issue of using traditional medicines to battle contemporary diseases. (REUTERS)
Covid-19 has raised the issue of using traditional medicines to battle contemporary diseases. (REUTERS)

WHO endorses protocol for coronavirus herbal medicine trials

  • Covid-19 has raised the issue of using traditional medicines to battle contemporary diseases
  • The endorsement clearly encouraged testing with criteria similar to those used for molecules developed by labs in Asia, Europe or the Americas

With this latest spike, the count of covid-19 cases stands at 54,00,620 of which, there are a total of 10,10,824 active cases. (PTI)
CAMS IPO closes on September 23
Mahindra Group chairman Anand Mahindra, (Bloomberg)
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