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Business Standard
30-05-2025
- Business
- Business Standard
Govt approves ₹81,735 crore additional tax devolution to states
The government has approved an additional instalment of Rs 81,735 crore as tax devolution to the state governments, which will be released on 2 June 2025, a finance ministry statement said on Friday. This release is in addition to the regular monthly instalment of tax devolution of Rs 81,735 crore, which is scheduled for release on 10 June 2025. The finance ministry said that the additional instalment of devolution will enable the states to accelerate their capital spending, finance development and welfare-related expenditure, and make available resources for priority projects and schemes of the states. 'The additional instalment of devolution to states is in line with the principle of cooperative federalism and the aim of becoming 'Viksit Bharat' by 2047, which can be realised through 'Viksit States' as envisioned by Hon'ble Prime Minister Shri @narendramodi,' the finance ministry said in a post on the social media platform X.


India.com
30-05-2025
- Business
- India.com
Centre Approves Rs 81,735 Crore Additional Tax Devolution For States
New Delhi: The Union Government has approved an additional instalment of Rs 81,735 crore as Tax Devolution to the State Governments, which will be released on June 2, 2025, the Ministry of Finance said in a post on X on Friday late evening. This release is in addition to the regular monthly instalment of tax devolution of Rs 81,735 crore, which will be released on June 10, 2025. The additional instalment of devolution to States is in line with the principle of co-operative federalism and the aim of becoming 'Viksit Bharat' by 2047, which can be realised through 'Viksit States' as envisioned by Prime Minister Narendra Modi. "The additional instalment of devolution will enable the States to speed up their Capital spending, finance their development and welfare-related expenditure and also make available resources for priority projects/schemes of the States," the Ministry of Finance said in the X post.


Axios
06-05-2025
- Health
- Axios
Trump administration urges court to dismiss abortion pill challenge
The Trump administration again defended the Food and Drug Administration's regulation of the widely used abortion drug mifepristone Monday, arguing in a legal filing that a case seeking to limit access to the pills should be dismissed. Why it matters: It's the second time in two months the administration has defended FDA's regulation of the pills. Catch up quick: The dispute dates back to November 2022 when a group of anti-abortion physicians and medical associations sued the FDA, arguing it didn't have authority to approve or regulate mifepristone as safe and effective. They also argued a 19th century anti-obscenity law known as the Comstock Act applies to mailing the drug. The case ultimately made it's way to the Supreme Court, which ruled last June the doctors and associations they lacked standing. They did not weigh in on the merits of the case. Soon after, Missouri's attorney general revived the state's push against mifepristone in District court. What they're saying: "Regardless of the merits of the States' claims, the States cannot proceed in this Court," the administration says in the filing. "The States' Amended Complaint should be dismissed or transferred for lack of venue." Between the lines: There have been a lot of question marks about how the Trump administration would treat the abortion pill and this offers a potential reason for optimism, Greer Donley, an associate professor of law at the University of Pittsburgh School of Law, told Axios. "It's also possible that due to procedural problems with this case, the administration just doesn't want to use it to put their stake in the ground, she said. "Things could change. But filings like this give the impression that maybe they aren't going to be as extreme as people like me feared." The big picture: Medication abortions make up most of abortions in the U.S. Polls show the majority of Americans strongly support access to the pills.
Yahoo
02-04-2025
- Entertainment
- Yahoo
No portrait of the King on new Guernsey bank notes
Guernsey's new bank note designs will draw upon original artworks by islanders, but will not have a portrait of the King, the States' Treasurer has said. The family of £1, £5, £10 and £20 polymer notes are set to enter circulation in 2027 and will feature images of the island's natural and built landscape. It follows an open call for submissions by The States of Guernsey last year – with the three successful designs selected by a panel from 26 submissions. Guernsey-born artist Hayley Mallett and photographer Rachael de la Mare collaborated on designs for the front of the notes, while the back of the notes are set to feature the work of urban architect Natasha The notes were last redesigned in the 1990s with a portrait of the late Queen Elizabeth II, but the new designs will not feature the British Monarch King Charles III. States' Treasurer Bethan Haines said: "It is only the last set of notes that Guernsey produced that included the monarch. "We wanted to return to them being purely about Guernsey and more timeless." Some of the designs are said to capture the Bailiwick's flora and fauna while others feature Guernsey's historic structures and natural landscape. Ms Mallett said she could not wait to reveal her designs which were based on photographs taken by Ms de la Mare and created "using thread and beadwork". She said she hoped the designs captured the essence of the islands and would bring "a sense of pride and joy" in the Bailiwick. China-born urban architect Natasha who moved to the island a few years ago, said she was inspired to enter the competition to "tell a story about the magical "granite rock" in the Channel Islands. "Through my designs, I sincerely aim to let the world know about and appreciate this beautiful island," she said Once finalised the designs will be handed over to currency specialists De La Rue – a company founded in Guernsey. Follow BBC Guernsey on X and Facebook. Send your story ideas to Islanders asked to design new bailiwick banknotes Artists asked to submit work for annual show States of Guernsey