-The Hindu India records 2,59,291 new cases on Thursday Like every wave in the past, cases fuelled by the Omicron variant of COVID-19 have initially spread only in the urban areas. However, many rural and semi-rural places recorded a sharp spike in infections in the past week. At the stART of this year, 50% of the cases were from urban centres such as Mumbai, Delhi, Chennai and Kolkata. However, the share reduced to...

-Business Standard The share of GST collections in GDP has stagnated, even as IGST revenues from imports have gone up sharply The Modi government is elated over the steady improvement in the collection of goods and services tax (GST) in recent months. Along with the sharp growth in collections of other Union taxes, GST collections have also crossed the Rs 1-trillion mark for each of the last six months beginning July 2021. Please...

-The Hindu Business Line Complain to CAG of undervaluation, bid rigging and cARTelisation The sale of the public sector Central Electronics Ltd to Nandal Finance and Leasing Pvt Ltd is under the radar of the Comptroller and Auditor General following a complaint of bid rigging by the joint platform of trade unions, including the BMS. Though the CAG’s office is tight lipped about any action on the complaint, BusinessLine has learnt that it...

-PTI/ The Hindu Delhi in 2nd spot with highest PM 2.5 level Delhi and most of the other non-attainment cities under the National Clean Air Programme (NCAP)have shown only a marginal improvement, said a new analysis released on Monday. Some of the cities have even recorded an increase in pARTiculate matter (PM) levels, it said. Cities are declared non-attainment if they consistently fail to meet the National Ambient Air Quality Standards (NAAQS) over...

-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...