The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be ‘downplayed’.

The Delhi High Court on Tuesday allowed taxpayers registered under Goods and Services Tax (GST) to claim accumulated CENVAT credit from pre-GST regime till June 30, 2020, and noted that the benefit of transitional credit will be applicable for three years (since launch of GST on July 1, 2017) which is the period mentioned in the limitation Act.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

At least 13 states hike VAT on petrol/diesel since mid-March, many make liquor costlier with new imposts.

Companies need to seek permission from the local administration – the office of the district magistrate – by submitting a host of information. Apart from the process being tedious and time-consuming, the final decision rests at DM's discretion.

Diesel prices in Delhi went up to Rs 69.39 per litre on Tuesday, a surge of Rs 7.10 per litres, as the state government increased the value added tax (VAT) on diesel from 17% to 30%.

The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the intervention of any court/tribunal and also ensures speedy recovery.

GSTN added that a taxpayer can now transfer the amount available in an electronic cash ledger from one major head to another major head, keeping the minor head the same.

The section can attract a fine of Rs 1,000 or imprisonment up to six months.

The Tamil Nadu government has decided to hike prices of liquor by up to Rs 20, as it is readying itself to open liquor outlets on Thursday.

Following the devastating flood in 2018, the state had collected a flood cess which had fetched Rs 308.68 crore to the state exchequer.

Grappling with low revenues following the outbreak of Covid-19 and the subsequent lockdown, the UP government hiked the value added tax (VAT) on petrol and diesel and increased the excise duty on liquor.

The issue faced by migrant workers took the centre stage as labour minister Santosh Kumar Gangwar met the representatives of 12 central trade unions (CTUs).

The e-way bill generated on or before March 24 and expiring during the March 20-April 15 period would now be valid till May 31.

"It is the time to review the policy of cross subsidisation of power as this plays a part in making our industries non-competitive,” former finance secretary Subhash Chandra Garg said at an online panel discussion on the power sector.

As the lockdown in China was lifted from the beginning of April 2020 onwards, spinners there have been scaling up operations.

In an office memorandum dated April 30, reviewed by FE, the revenue department has said it has approved the release of the RoSL benefits, which will, however, be in the form of scrips, instead of cash.

Through key exhibitions and texts, Celant was an influential proponent of the work of young Italian artists in Turin, Milan, Genoa and Rome, working with natural materials and elements such as dirt, sticks or rags who were seeking to challenge the commercial art scene at the time

Born in Ait Lahcene, near the Kabylie capital of Tizi Ouzou, then part of French Algeria, he studied to be a geologist, but his life took a turn in 1973 when he was called up as a last-minute replacement on the radio to sing the Berber lullaby 'A Vava Inouva.'

There's not nearly enough original Arabic-language content online to keep young Arab kids entertained, so Syrian-born animation artist Reem Ali Adeeb and her sister Sandi set up Susupreemo, a YouTube channel designed to help Arabic-speaking kids weather the coronavirus lockdown through basic tutorials on drawing and such

The New Yorker took the feature reporting prize for Ben Taub’s piece on a detainee at the U.S. military base at Guantanamo Bay, Cuba, with judges saying the story offered 'a nuanced perspective on America’s wider war on terror.'

Several of the works honored in the arts explored race in American culture, including the music winner, Anthony Davis’ opera The Central Park Five. It tells of the wrongful conviction of five black and Latino teenagers for the 1989 assault on a white female jogger in Central Park. Five adult singers depicted the group as boys and men in Davis’ opera

The Italian baroque master’s 'Supper at Emmaus' is usually exhibited at London's National Gallery but, with that shut, Stanhope’s giant interpretation is now on show in Ladywell, southeast London

Clown Me In co-founder Sabine Choucair discusses the group’s new online workshop series, each Friday, ‘Happy Half-Hour’

Schneider and collaborator Ralf Hutter combined the German language lyrics with synthesisers and drum machines to create 'krautrock,' which won Kraftwerk a legion of musician fans, including David Bowie, Madonna, Daft Punk and Kanye West

'Thanks for all you’re doing,' the artist said in a note for hospital workers. 'I hope this brightens the place up a bit, even if it’s only black and white.'

With the entertainment industry shut down by the virus, President Emmanuel Macron pledged to extend aid for out-of-work actors and performers until next year, and to set up a fund to help the paralysed film industry

'Organised crime has many faces. The trafficking of cultural goods is one of them. It is not a glamorous business run by flamboyant gentlemen forgers, but by international criminal networks'

Celebrated wartime and celebrity photographer Tony Vaccaro, now 97, is getting over a bout with COVID-19. He attributes his longevity to 'blind luck, red wine' and grit

In a country where art is widely seen as a pastime, and performers have long struggled to secure steady pay and royalties, the closure of theatres and cinemas and the cancellation of summer festivals has wrought havoc

Little Richard, the self-proclaimed 'architect of rock ‘n’ roll' whose piercing wail, pounding piano and towering pompadour irrevocably altered popular music while introducing black R&B to white America, has died Saturday. He was 87

The Volvo XC90 SUV presented this week is the first production car that in combination with Uber’s self-driving system is capable of fully driving itself.

The Kona Electric is lightning quick from any speed to any speed, because the massive 395Nm of torque is delivered instantly by the electric motor, unlike a petrol/diesel vehicle where the engine needs to reach a particular RPM to deliver similar power

MG Motor is a British carmaker now owned by SAIC Motor of China. The Hector is its first product for the Indian market—and the company calls it India’s first internet car.

Electric truck by ABB showcased in Swiss capital, Bern.

The first Japanese automaker to win the title twice with a self-charging hybrid electric vehicle—the TS050.

The Seltos has a modern design, and one that the next-generation Creta (likely in 2020) could take some cues from.

How can the budget help ensure sustainable growth for auto industry

The Indian passenger vehicle (PV) market is going through its worst phase in almost a decade, but Rajesh Goel, senior vice-president & director, Sales & Marketing, Honda Cars India, believes that as the festive season approaches, the market should revive.

Honda Cars implements new corporate identity for its dealer network.

Over 300 World of SUVs set up in six months.

This sporty full-size SUV carries a lot of design elements from conventional Audi SUVs, including an expressive sill area and the light grey Singleframe grille.

Make no mistake, it still has a brake pedal, but in regular driving conditions you might not need to use it

The Kona Electric, the world’s first electric compact SUV, was launched in India last week. Priced Rs 25.3 lakh, it’s available for sale in 11 cities.

Our next EV will be developed on the dedicated Electric-Global Modular Platform (E-GMP), and that car will be launched globally in early 2021. That platform will be used for Hyundai, Kia and Genesis EVs.

Guidance for year has been cautious; FY20/21e EPS up 1/0.4%; valuations are fair; ‘Neutral’ maintained

Quick and efficient service plays a crucial part in dealer profitability

It’s the only MPV in the country with a factory-fitted CNG option

Also launches connected car app myAudi Connect.

Earlier this week, Porsche India gave the Macan SUV a comprehensive upgrade; it launched the new Macan (Rs 69.98 lakh) and the more powerful Macan S (Rs 85.03 lakh). The Macan is a compact SUV made by Porsche.