The GST Council meeting on Monday may turn into a stormy affair, with non-BJP ruled States still being in disagreement with the Centre on the compensation issue.

While as many as 21 States , mostly ruled by BJP or parties which have supported it on issues, had till mid-September opted to borrow ₹97,000 crore to meet the GST revenue shortfall in the current fiscal, opposition-led states like West Bengal, Punjab and Kerala have not yet accepted the borrowing option given by the Centre.

Sources said in the 42nd meeting of the Council, which will be held on October 5, opposition-ruled States would object to the Centre’s borrowing options and demand alternative mechanism for funding GST compensation deficit. They feel that the constitutional liability of compensating States lies with the Union government.

In the current fiscal, the States are staring at a staggering ₹2.35 lakh crore Goods and Services Tax (GST)

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Congress president Sonia Gandhi has asked the Congress-ruled States to use the provisions in Article 254(2) of the Constitution to negate the three farm laws. According to the Congress, such a move will help the farmers in Congress-ruled States by bypassing the Centre’s legislations.

For instance, Punjab witnessed huge protests against the three laws, and the Chief Minister Amarinder Singh had also announced that he will approach the Supreme Court against the laws.

‘Bypass farm laws’

AICC general secretary in-charge of organisation KC Venugopal said in a statement that Sonia advised the Congress-ruled States to explore the possibilities to pass laws in their respective States under Article 254(2) of the Constitution to pass a law to negate “the anti-agriculture Central laws encroaching upon State’s jurisdiction under the Constitution.”

Venugopal said such a move would enable the States to bypass the unacceptable anti-farmers’ provisions of the three draconian laws including the

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The Delhi High Court has asked the Centre, insolvency regulator IBBI and State Bank of India (SBI) to file replies on former Bhushan Power and Steel Chairman Sanjay Singhal’s petition challenging the provisions on personal insolvency proceedings against the guarantors of corporate debtors.

It may be recalled that SBI had recently invoked the personal guarantees of Sanjay Singhal and sent him a demand notice for recovery of ₹12,275.91 crore as the guarantor of various loans availed by the company.

This development came after the Finance Ministry had asked PSBs to put in place a mechanism for monitoring cases, which may require initiation of insolvency proceedings against personal guarantors of corporate debtors.

Singhal had filed a petition challenging the SBI move to invoke his personal guarantee and proceed for recovery under the insolvency and bankruptcy code. The Delhi High Court, on Tuesday, issued notices to Centre, IBBI and SBI

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Faced with the problematic issue of holding demonetised notes deposited by pilgrims in Hundis, the Tirumala Tirupati Devasthanams (TTD) has requested the Centre to permit it to deposit demonetised of ₹500 and ₹1,000 with the Reserve Bank of India.

The deposited notes could, in turn, be used for development works undertaken by TTD.

YV Subba Reddy, Chairman, TTD, called on Union Finance Minister Nirmala Sitharaman and requested her to take it up with the Centre and the RBI to enable the Devasthanams deposit these demonetised notes. These were deposited by pilgrims, which is beyond the control of the TTD.

The Ministry of Finance, in its notification, had demonetised ₹500 and ₹l ,000 notes, which seized to be a legal tender from the midnight of November 8, 2016.

While the TTD is following RBI guidelines from then onwards and has stopped collecting old currency notes, hardship is being experienced in respect

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The financial capital witnessed the highest capacity addition on data centres in the January-June period this year and now accounts for 42 per cent of the overall installed capacity in the country, a report said on Monday.

Cable landing stations, assured power supply and incentives given by the Maharashtra government were cited as the prime reasons why the data centres have chosen to operate in the region, as per the report by a realty consultancy firm.

The demand for data centre space was helped by regulations like the one on data localisation for all financial sector firms, and realty companies which are holding on to land banks amid a slump in the market are looking at the space very keenly.

The financial capital accounted for the 19 MW of the 27 MW capacity added in the first half of the calendar year, followed by Bengaluru at 5 MW and Delhi

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The National Testing Agency (NTA) has increased the number of examination centres from 570 to 660 for JEE (Main) exam and from 2,546 to 3,843 for NEET (UG) 2020 to maintain social distancing in these centres.

JEE (Main) is a computer-based test, and NEET (UG) is a pen paper-based test. Additionally, in case of JEE (Main), the number of shifts has been increased from the earlier 8 to 12, and the number of candidates per shift has been reduced from earlier 1.32 lakh to 85,000 now.

“In order to ensure proper social distancing inside the examination halls, the candidates will be seated in alternate seats in case of JEE (Main). In case of NEET (UG), the number of candidates per room has been reduced from earlier 24 to 12, now,” said an official statement.

For ensuring social distancing outside the examination hall, the entry and exit of candidates have been

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