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BizWiz 86

V.V. RAMANAN

BizWiz 86

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Tadawul is the name for the stock exchange in which country?

BizWiz 86

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theysay
The SC is saying that the States have a right to legislate on indirect taxes. States like Chhattisgarh, a producing State, is not compensated adequately for our resources. We remained under-developed. That was the reason for creation of Chhattisgarh in the first place, so as to facilitate the State to harvest its resources for the good of our people. On coal, there was VAT/cess at 5 per cent. That is converted into 5 per cent GST. Chhattisgarh gets 2.5 per cent SGST and under the Finance Commission devolution, we are getting back 41-42 per cent. In effect, the State is left with 71 per cent of the revenue. The rationale of the State's natural resources aiding in its development is defeated. There are other items that we produce on which we do not get compensated. Chhattisgarh Finance Minister TS Singh Deo, quoted in BusinessLine
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Inmates in Bolivia's overcrowded prisons are now able to reduce their jail time by reading books in a new program influenced by one in Brazil that aims to spread literacy and give hope despite a notoriously slow judicial process. The state programme "Books behind bars" offers detainees a chance get out of jail days or weeks in advance of their release date. Bolivia does not have a life sentence or death penalty, but pre-trial detention can last for many years due to a slow judicial system. The programme has been launched in 47 prisons that do not have resources to pay for education, reintegration or social assistance programs for prisoners, the Andean country's Ombudsman's Office says.So far, 865 inmates are sifting through prose, improving their reading and writing skills. Source: Reuters