 "The shift from VAT to GST ignites fierce debate over inter-state revenue disparities, dramatically reshaping fiscal landscapes across states.")
The shift from value-added tax (VAT) to goods and services tax (GST) has sparked discussions about how different states perform in terms of revenue. Under the previous tax system, states earned revenue from inter-state transactions based on where goods were produced. With GST, however, taxes are collected based on where goods are consumed. This change ...
 "Developing nations urge wealthy countries to act decisively against climate change as island states face devastating impacts from rising seas.")
At the recent UN General Assembly, leaders from developing nations, particularly small island states, urged wealthier countries to take stronger action against climate change. They highlighted the disconnect between the commitments made by industrialized nations and the realities faced by vulnerable populations. Samoan Minister Cedric Schuster emphasized that those responsible for the majority of greenhouse ...
 "Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.")
The Supreme Court has announced plans to establish a bench to address the claims of mineral-rich states like Jharkhand, which are seeking to collect millions in unpaid royalties and taxes related to mineral rights. This move follows a significant ruling on July 25, where the court determined that states, not the Central government, hold the ...
In a recent event in Washington D.C., Rahul Gandhi, the Leader of the Opposition in India, highlighted the importance of the Indian diaspora in the U.S. as a bridge between India and America. He emphasized that Indians living in the U.S. hold dual identities and can share valuable ideas between the two nations. Gandhi reiterated ...
Union Education Minister Dharmendra Pradhan has accused Tamil Nadu Chief Minister M.K. Stalin of creating division among states over the implementation of the National Education Policy (NEP). Pradhan responded to Stalin’s claims that states refusing to adopt NEP are being denied funds from the Samagra Shiksha Scheme. He emphasized that while competition among states is ...
Cryptocurrency company Circle has announced its decision to shift its legal base from Ireland to the United States. The move comes as a strategic decision to better position the company within the US regulatory framework. This change in legal base is expected to streamline operations and facilitate closer collaboration with US regulatory authorities. Click to ...
