News digest: GST collection, MSME outreach drive, Google walkout, and more

Stability at this level in the remaining part of 2018-19 key for fiscal discipline

GST collection crosses Rs 1 trn

 

Goods and services tax (GST) collection crossed the trillion mark for the second time in 2018-19. The mop-up touched Rs 1.01 trillion in October, up 6.6 per cent from September’s collection of Rs 944 billion. Read more

 

Sexual harassment row: Google India employees join protest in solidarity

 

Around 150 employees of Google India walked out of their offices in solidarity with the protest over the company's treatment of women. The protest saw participation from three Indian offices — Mumbai, Hyderabad and Gurugram. Read more

 

Sebi slaps Sahara group with fresh Rs 141-billion refund order

 

In fresh trouble for the Sahara group, the Securities and Exchange Board of India (Sebi) has directed its group firms and directors, including Subrata Roy, to pay back Rs 141 billion with 15 per cent annual interest to investors, saying the fundraising was in contravention of norms laid down under the Sebi Act and the Companies Act on public issue of securities. Read more

 

SBI withdraws insolvency plea against Uttam Galva

 

State Bank of India (SBI) on Thursday withdrew an application filed with the National Company Law Tribunal (NCLT) to send Uttam Galva Steels (UGSL) for debt resolution under the Insolvency and Bankruptcy Code after ArcelorMittal, one of the former co-promoters, paid UGSL's dues worth Rs 61 billion to the lenders. Read more

 

Kolkata is India’s most commuter-friendly metro

 

Ultra-low fares and robust infrastructure for public transport have put Kolkata at the top of a list of Indian metros in terms of how easy commuters find it to go from point A to point B. Put together by ride-hailing giant Ola, the list ranks New Delhi and Chennai number two and three, respectively, while Bengaluru and Mumbai fare the worst among the large metros. Read more