Ministry of Finance  

Centre releases Rs. 17,000 crores of GST compensation to States/UTs (25 NOV 2022) 

The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 . The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore. 

This is despite the fact that total Cess collection till October, 2022 is only Rs.72,147 crore and the balance of Rs. 43,515 crore is being released by the Centre from its own resources.

PRESS RELEASE : https://pib.gov.in/PressReleasePage.aspx?PRID=1878840

SUPREME COURT

Supreme Court seeks Centre’s response on pleas seeking recognition of same-sex marriage under Special Marriage Act (NOV 25, 2022)

The Supreme Court on Friday issued notice to the Centre and Attorney General R Venkataramani on two pleas by gay couples seeking a direction that their marriage be recognised under the special marriage law.

The plea said that non-recognition of same-sex marriages is violative of right to equality and right to life under articles 14 and 21 of the Constitution.

NEWS REPORT : Supreme Court seeks Centre’s response on pleas seeking recognition of same-sex marriage under Special Marriage Act | The Financial Express

DELHI HC

Amitabh Bachchan’s photo, voice & name cannot be used without permission: Delhi High Court (NOV 25, 2022)

The 80-year-old actor had reportedly approached the court with a petition against the ‘world at large’ to protect his name, image, voice and personality attributes. The Bollywood superstar has also sought a restraining order against publishers, t-shirt vendors and other businesses.

The court has also directed the Ministry of Electronics and Information Technology and telecom providers to remove flagged content.

NEWS REPORT : amitabh bachchan: Amitabh Bachchan’s photo, voice & name cannot be used without permission: Delhi High Court - The Economic Times (indiatimes.com) 

FINANCE NEWS

Govt seeks to narrow budget deficit as global headwinds loom (NOV 25, 2022)

India wants to narrow its budget deficit by at least 50 basis points, according to people familiar with the matter, as authorities balance global investor scrutiny with the need for higher spending as the nation enters an election year. 

Finance Minister Nirmala Sitharaman will seek to shrink the shortfall to less than 6% of gross domestic product in the year starting April 1, the people said, asking not to be identified as the deliberations are private.

DETAILS : Govt seeks to narrow budget deficit as global headwinds loom (msn.com)

NEWS AT GLANCE

  • In China, a massive labour protest reported at Foxconn's Zhengzhou factory against zero Covid policy.
  • India’s proposal for enhanced protection to Leith’s softshell turtle adopted at wildlife summit in Panama.
  • India's pharma exports witness 138% growth since 2013. 
  • Centre amends Natural Gas Tariff, Authorisation and Capacity Regulations.

WORD OF THE DAY

Undue influence occurs when an individual is able to persuade another's decisions due to the relationship between the two parties. Often, one of the parties is in a position of power over the other due to elevated status, higher education, or emotional ties. The more powerful individual uses this advantage to coerce the other individual into making decisions that might not be in their long-term best interest.

MARKET TODAY (as on 25.11.2022)

BSE SENSEX             62,293.64 INR▲ +20.96 (+0.034%) 

NIFTY 50                   18,512.75 INR▲ +28.65 (+0.15%)

1 US Dollar = 81.65 Indian Rupee (Last updated · 25 November at 1:04 pm UTC)

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