LIVE news: CBIC extends April GST payment, return form filing dates

The due date of payment of tax for the month of April 2022 by taxpayers under QRMP scheme via GST PMT-06 has been extended till May 27, 2022

11:01 PM

Ukraine removes fuel price restrictions to increase supply: Economy minister

Ukraine's government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after Russian forces destroyed many storage facilities and logistics chains, the economy minister said on Tuesday.

 

"We ... suspended price regulation in order to enable market operators to saturate the market ... so that they will be able to deliver all the resources available on the European market, and not only from the European market," Yulia Svyrydenko said in an online interview with Ukrainian television.

10:16 PM

Russian investigators to question Ukrainian fighters who surrendered at Azovstal: TASS

Russian investigative committee will question Ukrainian fighters who surrendered at the Azovstal steel plant in city of Mariupol, TASS news agency quoted the committee as saying on Tuesday.

 

The questioning will be done as part of the Russian investigation into what Moscow calls "criminal cases concerning Ukrainian regime crimes," TASS added.

10:03 PM

CBIC extends April GST payment, return form filing dates

9:38 PM

JPMorgan shareholders reject special payout to CEO Dimon

Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase & Co in its special $52.6-million award last year to CEO Jamie Dimon to stay on the job for at least five more years.

 

The preliminary count announced at the meeting is an unusual rebuff from shareholders.

 

While say-on-pay votes are only advisory and Dimon, 66, is expected to keep the award regardless, they are closely followed as a test of investors' attitudes toward executive pay.

 

Average support for pay packages at S&P 500 companies was 88.3% in 2021, down from 89.6% in 2020 and 90% in 2019, according to consulting firm Semler Brossy.

8:41 PM

North Korea Covid outbreak is 'worrying' for new variants: WHO

A senior World Health Organization official said on Tuesday that high levels of transmission of the coronavirus among unvaccinated people, such as in North Korea, creates a higher risk of new variants.

 

"Certainly it's worrying if countries ... are not using the tools that are now available," said WHO emergencies director Mike Ryan in response to a question about the outbreak in North Korea.

 

"WHO has repeatedly said that where you have unchecked transmission, there is always a higher risk of new variants emerging," he said.

7:27 PM

Mansukh Mandaviya says no shortage of fertilizers in India, country to become self-reliant soon

6:41 PM

Export ban: 4,000 wheat-laden trucks stranded at Gujarat port

6:39 PM

Putin says it's impossible for some EU countries to ditch Russian oil now

Russian President Vladimir Putin said on Tuesday that it was impossible for some European countries to quickly ditch Russian oil, as the European Union is proposing.

 

EU members are negotiating a proposed oil embargo on Russia over Ukraine, but talks failed this week because of a veto from Hungary, which is heavily dependent on Russian oil imports.

 

"Obviously, some EU states, in whose energy balance the share of Russian hydrocarbons is especially high, will not be able to do this for a long time, to ditch our oil," Putin said.

 

Speaking at a televised meeting with domestic oil managers and government officials, Putin also said that Western sanctions and a possible embargo on Russian oil had resulted in an increase in global oil prices.

5:32 PM

Secure 'shivling' area but don't stop namaz, says SC on Gyanvapi mosque case

Gyanvapi case: SC directs DM, Varanasi to ensure protection of area where 'Shivling' is said to be found in survey.

 

Muslims can continue offering 'namaz' at Gyanvapi masjid without any impediment, says SC. Apex court refuses to stay further proceedings before civil judge Varanasi hearing lawsuit related to the Gyanvapi mosque.

 

SC issues notice to petitioner Hindu devotees, posts plea of mosque committee for hearing on May 19.

5:09 PM

Gyanvapi mosque case: Next hearing in Supreme Court on May 19

4:38 PM

Gyanvapi mosque survey: Varanasi court removes commissioner

4:26 PM

Gyanvapi Mosque hearing begins in SC

4:01 PM

Sweden signs NATO request, Finns to formally endorse move

Sweden on Tuesday signed a formal request to join NATO, a day after the country announced it would seek membership in the 30-member military alliance. In neighbouring Finland, lawmakers are expected later in the day to formally endorse Finnish leaders' decision also to join.

 

The moves by the two Nordic countries, ending Sweden's more than 200 years of military nonalignment and Finland's nonalignment after World War II, have provoked the ire of the Kremlin.

 

While most NATO members are keen to welcome the two countries as quickly as possible, Turkey has potentially complicated their accession by saying it cannot allow them to become members because of their perceived inaction against exiled Kurdish militants.

 

Turkish President Recep Tayyip Erdogan on Monday doubled down on comments last week indicating that the two Nordic countries path to NATO would be anything but smooth. All 30 current NATO countries must agree to open the door to new members. He accused the two Nordic countries of refusing to extradite terrorists wanted by his country.

 

In Stockholm, Swedish Foreign Minister Ann Linde signed the formal request to join the Alliance, which she said would be sent to NATO Secretary-General Jens Stoltenberg

 

It feels like we have taken a decision that is the best for Sweden, she said while signing the document.

3:49 PM

Yellen calls on allies to step up funding for Ukraine

US Treasury Secretary Janet Yellen called for US allies to step up financial support for Ukraine on Tuesday, saying that funds announced so far would not be sufficient for the country's short-term needs as it battles a Russian invasion.

 

"Ukraine's financing needs are significant," Yellen said in remarks prepared for delivery to the Brussels Economic Forum, adding that the country's government continued to function, due to the ingenuity and bravery of its officials.

 

"In the months until tax collection can resume at pace, Ukraine needs budget funding to pay soldiers, employees and pensioners, as well as to operate an economy that meets its citizens' basic needs," Yellen said. "In short order, it will need to turn to repairing and restoring critical utilities and services."

2:01 PM

Lankan Parliament defeats no-trust motion against President Gotabaya

A no-confidence motion tabled by the Opposition against Sri Lankan President Gotabaya Rajapaksa was defeated in Parliament on Tuesday, media reports said.

 

The motion by Opposition Tamil National Alliance (TNA) MP M A Sumanthiran to suspend Parliament's standing orders in order to debate an expression of displeasure over President Rajapaksa was defeated with 119 MPs voting against it, the Economy Next newspaper reported.

 

Only 68 MPs voted in favour of the motion, it said.