India

The Supreme Court has given a strong blow to the Sahara Group. The apex court has ordered the auction of property belonging to Pune based Ambi Valley.

The Sahara group failed to get the deposits to its investors, after which the court gave the ruling. The bench of Supreme Court has directed Subrata Roy of Sahara Group to be present in the case on 28th April itself.

The apex court had warned Sahara group in its hearings on March 21 that if it does not deposit the outstanding Rs. 5,092.6 crores till April 17, then its principal property worth 39,000 crores will be auctioned in its Ambi Valley in Pune. Earlier, the Supreme Court had ordered the attachment of this major property of Sahara Group to recover the money.

The apex court had asked the Sahara Group to give a list of properties in two weeks which there is no liability and can be kept for public auction so that the remaining amount of original money returned to the investors Rs 14,000 crore can be raised.

The original amount raised by investors is Rs 24,000 crore which is to be returned. This money has to be deposited in the SEBI-Sahara account.

The court had on November 28 last year asked Sahara group chief Subrata Roy to deposit Rs 600 crore in the SEBI-Sahara refund account till February 6 to stay out of jail.

The court had warned that if he can not do it then he will be sent back to jail.

Between the unrest in Jammu and Kashmir, Chief Minister Mahbooba Mufti met Army Chief General Bipin Rawat. In the meeting Mahbooba Mufti spoke on the new videos of the soldiers who later came to social media.

In those videos, some Kashmiri youth were beaten by army soldier and army soldier forced to Kashmiri youth to shout slogans of 'Pakistan Murdabad'.

Mufti told Rawat that such an action would turn the whole work done in the last few years. At the same time, they also talked about taking action on the people responsible for those incidents. The meeting between Mufti and Rawat were held on Saturday (April 15th). Earlier another video had surfaced. One Kashmiri youth was being tied up on an army jeep in it. Seeing him, Mehbooba had surprised and grieved.

Mehbooba said that serious consequences of such an action can be found.

According to sources, Mehbooba also told Rawat that such action would have serious impact on the state. At the same time, it is not well at national and international level.

According to the information, Mehbooba told General Rawat that the jeep video has made a lot of negative impact on the people and the people are angry with them.

It has been found that during the interaction Mahbooba said, "nothing will come out from the poles, so far as it happened, but do not do that in the future."

Mahbooba said that this will affect the goodwill operation run by the army and the government and the arrangements for the roaming for Kashmiri youth.

It is learned that General Rawat has also given the assurance of doing something as soon as possible.

Tell that the video appeared on Saturday (April 15th). In it Kashmiri youth was being beaten badly by the poles and the youth were being shouted against Pakistan.

However, it is not clear when the videos are? Mahbooba had come to Delhi to meet PM Modi, but he had gone to Bhubaneswar along with BJP leaders.

Army Chief General Bipin Rawat also met Governor NN Vohra. An army official said that Rawat arrived in Jammu on Saturday (April 15th) and met Vohra in Raj Bhavan. Both discussed issues related to elections in Kashmir, security, law and order and status on the border.

The officer told that the army chief told them about the army's anti-terrorist campaign in the valley along with the vigilance and deployment extended on the Line of Control in Jammu and Kashmir.

Congress General Secretary and former Madhya Pradesh Chief Minister Digvijay Singh has made a big statement about the army. They accused the army of killing the Kashmiris.

Digvijay Singh said that the Kashmiri also kills by the army and also kills by the militants. Kashmiras kill by both terrorists and the army.

In Kashmir, a video of youth who allegedly abused the CRPF jawans, and the Kashmiri youth was allegedly jammed with the Jeep, Congress General Secretary Digvijay made this statement after incidents.

On this incident with the soldiers, CRPF Inspector General Ravideep Singh Sahei said that the first video appears to be reliable and the army will take legal action in this matter. The police has registered an FIR on our complaint in Jammu and Kashmir.

According to ABP News, Digvijay Singh said, "Kashmiris are being killed on both sides ... from here on terrorism kills them and here our army kills them."

At the same time, Digvijay Singh also sidelined the video of the assault by the Kashmiris with the CRPF jawans.

Congress leader, while targeting Indian Prime Minister Narendra Modi, said that he can make war with Pakistan in 2018-19. He alleged that when he (Modi) could not fulfill the promises made to the public, he would create an environment against Pakistan.

He questioned the Modi government's Kashmir policy and feared war with Pakistan in 2019. Earlier Digvijay Singh wrote on twitter - I believe that if you want Kashmir, then you have to win Kashmiris first. Contradiction on the basic issues between PDP and BJP does not call for confidence among the Kashmiri people.

The Samajwadi Party's patron Mulayam Singh Yadav has started the difficulties with the BJP government in Uttar Pradesh. It is reported that in the matter of threatening IPS officer Amitabh Thakur, the police will soon take a sample of Mulayam Singh's voice.

The police will also take a sample of the complainant's voice. Then it will be matched. Dinesh Kumar Singh, who is investigating the case lodged by Amitabh Thakur in Hazratganj police station in Lucknow, has said this in his report submitted to the court of CJM Sandha Srivastav in Lucknow.

It is noteworthy that on July 10, 2015, two years ago Amitabh Thakur had lodged a complaint in Hazratganj police station that Mulayam Singh Yadav threatened him on the phone. At that time, the Hazratganj Police submitted its final report to the court in October 2015 after considering the matter.

Subsequently, in August 2016, the court ordered the investigating police officer to take a sample of the voice of both the investigations with the Law Science Laboratory but no action was taken since then. Now, when the state has changed in power, in this case, the Officer of the Assessing Officer submitted his report on March 30, saying that due to election duty and other activities, he could not take further action in this matter.

Taking cognizance of the report of the CO, the court has fixed the date for the next hearing of the case.

Now the officers will study the conversation of both the people and the samples of both of them will be sent to investigate.

The Indian Government has given a strong reaction to Kulbhushan Jadhav, the Indian citizen sentenced to death in Pakistan. India's Foreign Minister Sushma Swaraj said in the Rajya Sabha that India will not leave any stone unturned to ensure that Indian citizen Kulbhushan Jadhav gets justice in Pakistan.

She said, "We have no choice but to say that if this sentence is served then it will be a planned killing."

Sushma said that the allegations made against Kulbhushan Jadhav are concocted and ridiculous and there is no proof of wrong doing by them.

She said that Jadhav used to do business in Iran and was abducted from Iran and brought to Pakistan. They were prosecuted without giving them a chance to escape. In the case of Jadhav, Sushma Swaraj has sought help from Congress MP Shashi Tharoor to prepare the proposal. This proposal will be presented in both Houses of the Parliament.

External Affairs Minister Sushma went to Congress MPs after giving a statement in Parliament. There she requested Tharoor to formulate a proposal. On this, Shashi Tharoor happily accepted the request after accepting permission from his party leader Mallikarjun Kharge.

Later, Tharoor told to NDTV, "It is a matter which is connected to all of us." It is noteworthy that even last year, Prime Minister Narendra Modi condemned the release of Zaki-ur-Rehman Lakhvi, accused in the 2008 Mumbai attack had asked to prepare the draft.

In the case of Jadhav, Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad said that Jadhav has been implicated in a planned manner. This is an attempt to spoil the image of India on the world stage. The allegations of what Pakistan has been doing to India till now, he is now frustrated by placing it on Jadhav.

On the commencement of Lok Sabha proceedings in the morning, BJP's Kirit Somaiya raised this issue and demanded that the government condemn this action by Pakistan.

Congress leader Mallikarjun Kharge said that the central government is sitting silent in this matter?

He said that the External Affairs Minister should try to save Jadhav otherwise it would prove to be India's weakness.

When members raised this issue in the Lok Sabha, Home Minister Rajnath Singh said, "The whole country is not only worried but also provoked when Jadhav is sentenced to death by Jadhav. The government condemns this punishment which is heard without keeping in mind the fundamental principles of law and justice. To save Kulbhushan Jadhav, whatever the Government of India will have to do. Justice will be done with Kulbhushan. "

After the violence in Odisha's Bhadrak, the government has banned social media for 48 hours. This ban came into force on Sunday (9th April) at 7.00 pm, which will be on Bhadrak and nearby areas.

Crime Branch of Odisha Police has started investigating an incident of communal violence in Bhadrak city, where curfew is applicable till Monday morning. Initially on Sunday, the injunction was relaxed in the city from eight to 11 o'clock in the morning, and later this period was extended up to 12 noon, so that people could buy essential consumer goods.

A police official said that the curfew was imposed later that would remain till 7am on Monday morning.

Odisha Chief Minister Naveen Patnaik has said that about 35 Plantoon police forces have been deployed to prevent any untoward incident in the city, and two companies of Rapid Action Force (RAF) have been sent to Bhadrak.

Naveen Patnaik attended the meeting of the Standing Committee of the Inter-State Council in New Delhi on Sunday.

He said that he has discussed the issue of Bhadrak with Home Minister Rajnath Singh and he has assured that two companies of RAF will be sent to the state.

Meanwhile, the crime branch has started investigating the alleged offensive remarks made on social media about Hindu Gods. Because of this comment, there was unrest in the city on Thursday and Friday.

Special Director General of Crime Branch BK Sharma said, "The alleged offensive remarks made and rumors on social media have started investigation by the crime branch. The Cyber Cell of Crime Branch is investigating Whatsapp data. Group Admins have been asked to provide data.''

He also said that strict action would be taken against the people behind it. On Saturday, police had arrested 35 people in connection with the conflict.

Sub-revenue commissioner AB Ota said that the situation has improved considerably, but the situation will take some days to normalize. He said that the curfew will be relaxed gradually. Violence erupted in Bhadrak on Friday about the alleged objectionable comments made by Hindu God Ram and Goddess Sita on the social site. In view of the instability, curfew was imposed in the area.

During the voting in the Srinagar Lok Sabha constituency, there was violence today and at least seven people lost their lives in the firing by security forces, whereas there was news of firing from two places in Madhya Pradesh's Atre assembly election.

However by-elections in Karnataka, and two assembly constituencies of Madhya Pradesh, West Bengal, Assam, Rajasthan and Delhi were concluded peacefully.

The by-elections were held today in eight assembly seats of five states and Srinagar Lok Sabha seat. There are reports of stone pelting in more than two dozen places in Srinagar, Badgam and Ganderbal districts, these three districts come to Srinagar Lok Sabha constituency. The main rival of this seat is National Conference and Congress candidate Farooq Abdullah and the ruling PDP candidate Nazir Ahmad Khan.

The army was called to help the security forces in controlling the crowd. The crowd was pelting stones. He threw petrol bombs in Ganderbal and set fire to the polling booth.

According to officials, more than 100 security personnel were injured in the violence. Many civilians were also injured in the police firing.

Jammu and Kashmir Chief Election Officer Shantmanu said that in this parliamentary constituency, only 6.5 percent voting was held. He told reporters, "I can not say anything about the re-election right now. This figure could be around 50 or 100 or more in the polling booth.''

Two-two people died in Birvah and Chadura of Badgam and Pakherpora of Charare Sharif in Jammu and Kashmir. In Maigam in Badgam district, one person died in the violence.

Former Jammu and Kashmir Chief Minister Omar Abdullah and his father Farooq Abdullah have criticized the Mehbooba Mufti-led government to fail completely in the elections.

There are reports of firing incidents in two places of Madhya Pradesh. There was a clash between the Congress and the BJP workers in the bye-election of Atre assembly seat.

However, the Madhya Pradesh Election Commission denied reports of the capture of the booth and said that the security was tightened after these incidents.

Parliament has approved four bills related to commodity and service tax, while paving the way for implementing GST in the country's historical tax reform regime.

At the same time, the Government assured that the interests of consumers and states in the new tax system will be fully protected and tax on agriculture will not be levied.

The Rajya Sabha today discussed the Union Goods and Services Tax Bill 2017, the GST Bill, the Integrated Goods and Services Tax Bill 2017, the IGST Bill, the Union Territory of Goods and Services Tax Bill 2017, and the 'Goods and Services Tax to the States' bill 2017. After returning the Lok Sabha with a vow. The Upper House rejected the amendments of the opposition brought on these bills.

Due to the money bill, these four bills had the right to discuss only in the Rajya Sabha. The Lok Sabha has approved these bills on March 29.

Responding to a discussion on the Bill of Goods and Service Tax, Finance Minister Arun Jaitley said that these doubts of the Opposition are inexplicable, that in accordance with these bills, agreement with the rights of Parliament is being done in the matter of taxation.

He said that the first thing is that this Parliament has given the right to recommend the rate of tax to the GST Council by amending the Constitution.

Jaitley said that the GST Council is the first federal decision making body. On the basis of the constitutional amendment, the GST Council was given the right to form Model Law. As far as the law is concerned, it will be on the basis of federal structure, while the supremacy of Parliament and State Legislatures will continue. However, these recommendations will be kept in mind, because different states will set a different rate if there is a chaotic situation. This is a cordial interpretation of it and no other meaning should be drawn.

He said that by amending the Constitution, it has been ensured that it will be the only tax in the country to collect the state and the centre together. Explaining the situation on objections about having several tax rates instead of making a similar tax, the Finance Minister said that there are many food products which are now zero tax and there will be no tax after the GST system is implemented. There are many things that can not be taxed at the same rate. Rates such as tobacco, alcohol etc. are high, whereas clothing has a normal rate.

Jaitley said that during the discussions in the GST Council it was decided that many taxes will be simplified initially. The Finance Minister said that after the deliberations, the GST Council has fixed rates of 0, 5, 12, 18 and 28 per cent in GST system. It has also been said to put additional cess on material, such as luxury cars, bottled drinks, tobacco products and environmental related items like coal.

He said that the cess cost of more than 28 per cent will go to the fund and the states which are being damaged will be given the amount. There was also a suggestion that it should be applied as tax. But by applying as tax, there is an impact on consumers. However, additional taxes will not be levied on consumers.

Jaitley said compensation will be given to those states who are suffering from GST system implementation. It will be for the first five years. He said that Congress-led United Progressive Alliance government could not get a consensus on GST as no loss was given to the loss-making states for compensation. The provision of compensation in GST was 'helpful in the deal' and the state came together

Giving a clarification on the objection of several members after not including the real estate sector in GST, the Finance Minister said that this is an area in which the states get substantial revenue. It has revenue from the Registry and other tariffs, which is why it has not been included in GST on the basis of the opinion of States. He also clarified that the centre's vote is only one-third to take any decision in the GST Council whereas two-thirds of the votes are for the states. Therefore, while making any decision, the Centre is not in favour of imposing its own opinion.

Terming the first federal contract to get the constitutional clearance of goods and services tax, Jaitley said that, without putting any extra tax on consumers, there would be a way to implement a system of 'one nation, one tax' in the country through GST. The Finance Minister said that the GST Council is deciding the tax structure with unanimous consent and so far 12 meetings have been held in this regard. This bill is based on the principle of common sovereignty between the Centre and the State Governments and it is such a first initiative.

Upon the implementation of GST, the excise duty, service tax and value added tax (VAT) in the states will be included in it, along with several others. Jaitley, while clarifying the bills, said that the Centre has the right to tax in the event of the removal of the excise duty, service tax and additional customs duty through the central GST bill. Through the coordinated GST or IGST, there will be the right to tax the Centre on the movement of goods and services in states.

While clarifying the position regarding the provision to prevent profits in respect of tax exemption, the Finance Minister said that if 4.5 percent tax exemption is given, then it does not mean that it should be considered as a personal profit but the benefit should be given to the consumers. This is the intention of this provision.

The Finance Minister said that the situation was similar to liquor and petroleum products just like real estate. After discussions with the states, petroleum products have been brought under its purview, but it has now been kept under zero rate. The GST Council will consider it. Alcohol is still out of its scope.

The Finance Minister said that the first person had to go to many evaluation agencies for business. To pursue economic activities, it had to go through excise duty, service tax, state VAT, entertainment tax, entrance fees, luxury tax and many other taxes.

The Finance Minister said that there was no smooth flow of goods and services in the country. In this way, the GST system was further extended. Do such a tax where there is an evaluation officer. Most self-assessments and only limited appraisal except for audit matters.

Jaitley said that tax is taxed, which increases the trend of inflation. Therefore, the idea of making a market for the whole country. It came to be that simple arrangements should be brought inside the country. Describing agriculture to be brought under the purview of GST, the Finance Minister said that agriculture and farmers do not require registration. Under section 23, exemption is granted to farmers and agriculture. Therefore, it is kept in definition for interpretation of this exemption. There should be no confusion about this. Jaitley said that there should be no confusion about agricultural product when it is zero rate.

Dismissing Congress's objections about this, Jaitley said that 29 states, two union territories and the Centre considered this, including eight finance ministers of the Congress-ruled state. "Then did all these conspired against a particular class?" After dismissing the fears of an increase in the prices of commodity and commodities after the GST was imposed, the Finance Minister said that the rate of tax will be kept at the present level. It has no impact on inflation.

Jaitley said that the Jammu and Kashmir Legislative Assembly will bring a legislation about GST. He said that the Finance Minister of Jammu and Kashmir participated in all the meetings of the GST Council.

The Upper House rejected the draft of Trinamool Congress' Derek O'Brien, it said that all decisions of the GST Council should be approved by the Parliament.

Delhi's politics has got hot on the issue of killing a person by beating the cow guards in Alwar. Congress Vice President Rahul Gandhi on Thursday (March 6th) to target the ruling BJP government in Rajasthan.

Rahul tweeted, "When the government takes away its responsibilities and gives the rule the killer mob, then there are big calamities. The law and order in Alwar has collapsed badly. "

Rahul expressed hope that the government will take strong action against the guilty.

He wrote, "We expect the government to take strict action against those responsible for this barbarous and insensitive attack. All Indians should condemn this blind vandalism. "

After being beaten by the cow guards, 55-year-old Pahalu Khan died on Monday in Alwar district hospital. The matter was on Saturday when 16 people who were allegedly carrying animals from Jaipur to Haryana were stopped.

Police have arrested three people in this regard on Wednesday.

On Thursday, Congress raised this issue in Parliament with loud noise. Opposition MPs fiercely raged and asked the government to respond.

On behalf of Congress, Digvijay Singh raised this case in the House. Responding to the Opposition, Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi said, "The kind of incident is being proposed, no such incident has happened on the ground."

After this, Rajya Sabha Deputy Chairman PJ Kurien sought the report from the government in this case. He said that till the fact that violence has taken place, this issue can not be discussed.

In response to Naqvi, Ghulam Nabi Azad of Congress said that the whole world is aware of Alwar's violence, but the minister is not aware of this, it is very sad.

He said, "I am so sorry that the minister has so little information about this incident, even the New York Times knows about it, but the Minister does not know."

The Uttar Pradesh government has announced to waive the debt of farmers for one lakh rupees. On Thursday, the Governor of Reserve Bank of India released a monetary policy. RBI Governor Urjit Patel described the decision of Uttar Pradesh government as a matter of concern.

While completing his election promise in his first Cabinet meeting, the Uttar Pradesh Government took a decision to waive loans of 36,359 crores of small farmers.

Commenting on the negative aspects of the decision, such as loan waiver by the RBI, the RBI governor said that it increases moral hazard.

Urjit Patel said, steps like loan forgiveness have an impact in the Government treasury, which is already in the deficit.

Loan apology can pose a risk of inflation going up.

Urjit said that the debt forgiveness also increases the hassle of banks. At the same time, the burden on taxpayers increases.

He said that there should be an agreement on whether the promise of loan forgiveness should not be done in the election campaign. It is being said that the Uttar Pradesh government will apologize for the loan bonds of Rs 36,359 crore. However the Government treasure is not in the right position. The loss of Uttar Pradesh Government is at the highest level of 4 years. If you talk about three big states, the worst state of them is Uttar Pradesh.

In monetary policy review, the RBI retained the repo rate at 6.25%. However, the reverse repo rate has been increased from 5.75 percent to 6 percent. That is, the difference in repo rate and reverse repo rate has come down from 0.50 percent to 0.25 percent.

According to the Reserve Bank, in the next half year (April-September), the Consumer Price Index (CPI) based inflation (CPI) will be 4.5 per cent, whereas in the next six months (October-March half yearly), inflation has been estimated at 5 per cent.

The bank also has to take a loan for its work. In this case, all banks borrow from the Reserve Bank of India (RBI). The rate at which the Reserve Bank charges interest from them is called a repo rate. If banks get money on cheap interest, then it will be able to provide cheap loans to people whose interest rates will be low. When the bank has more money, then it keeps its money with the Reserve Bank of India. The RBI gives them interest on this. That is, the interest given by the RBI is called the Reserve Repo Rate.