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Firing a warning shot across big tech’s bows -Jayati Ghosh

-The Hindu Lawsuits and regulatory moves in the West suggest that their easy, unchecked expansion may be coming to an end It was a long time coming, but the day of reckoning for the big digital companies may finally have arrived. Despite the growing monopoly power of big tech and their use of anti-competitive practices, earlier attempts to regulate them (such as an attempt by the U.S. Department of Justice in 1998...

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GST compensation shortfall: Govt releases ₹6,000 crore to 23 States, 3 UTs

-Livemint.com The amount released this week was the 6th installment of such funds provided to the States The Finance Ministry has released the weekly installment of ₹6,000 crore to the States to meet the GST compensation shortfall on Wednesday. Out of this, an amount of ₹5,516.60 crore has been released to 23 States and an amount of ₹483.40 crore has been released to the 3 Union Territories with Legislative Assembly (Delhi, Jammu &...

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The ground has fallen out from beneath the farmer’s feet -KTS Tulsi and Tanessa Puri

-The Hindu The Farm Acts are farmer-unfriendly and in violation of important constitutional safeguards Amidst the novel coronavirus pandemic, Indian farmers have marched their way to New Delhi. The reason behind the protest is a request to repeal the recently passed Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act and the Essential Commodities (Amendment) Bill. Akin to stock trading All...

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Real power is with Centre, which holds the purse-strings in these fiscally-challenging times -Harish Damodaran

-The Indian Express Post 2014, two centralisations — of political and economic power — continue to reinforce each other, with profound consequences for the country and potential to define popular narrative in days ahead. The return of single-party dominance and its implications for politics after nearly 25 years of minority/coalition governments at the Centre (December 1989-April 2014) has been widely commented upon. As have concerns over rising corporate market power and their...

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Bengal, Kerala agree to Centre's GST borrowing formula

-The Telegraph Three states — Punjab, Jharkhand and Chhattisgarh — have not accepted the proposals yet Bengal and Kerala have dropped their opposition to the Centre’s borrowing option to bridge the gap in the Goods and Services Tax revenue receipts. The two states have opted for the limited borrowing option under which the Centre will borrow funds and pass them on to the states but the debt will be recognised in the balance...

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