What is the windfall tax the govt is considering imposing on oil and gas giants?

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Friday 27 May 2022

Good morning!

Tamil Nadu chief minister MK Stalin on Thursday made a pitch for Tamil to be on par with Hindi and asked Prime Minister Narendra Modi to make the language an official one in offices of the Government of India and at the Madras high court. The duo shared the stage during an official event in Chennai.

HT brings you a round-up of the most important and interesting stories, so you don't miss your daily dose of news.

     

THE BIG STORY

Tamil eternal, says PM after Stalin's Hindi jibe

The suit filed by the Hindu petitioners for unhindered right to worship inside the Gyanvapi Masjid complex must be dismissed right away without going into the survey report of the mosque, the Gyanvapi mosque management committee urged the Varanasi district court on Thursday. Read more.

STORIES YOU MAY HAVE MISSED

Saxena sworn in as LG, says he will work as Delhi's guardian

Bengal to move bill making CM chancellor of state varsities

RLD, SP to jointly field Jayant for Rajya Sabha seat

IAS couple, who walked their dog at Delhi stadium, transferred to Ladakh, Arunachal Pradesh

The Big Question

What is the windfall tax the govt is considering imposing on oil and gas giants?

India is considering a so-called windfall tax on oil and gas producers (state-owned as well as private) to offset ballooning public expenditure on fuel, food and fertiliser subsidies amid skyrocketing inflation, two people familiar with the development said on condition of anonymity. Read more.

THE DAILY QUIZ QUESTION

It started in 1966 as a polyester firm. It got its present name in 1973. It's diversified smartly and just became the first Indian company to cross $ 100 billion in annual revenue this quarter. Congratulate the older brother. Name the company.

FROM THE EDIT PAGE

Beyond summits, Quad must deliver quickly

The second in-person summit of the Quadrilateral Security Dialogue, Quad, in Japan managed to generate a lot of buzz. While the global media covered it in its usual breathless manner, China also ensured that the event retained its edge as its warplanes joined the Russians to approach Japanese airspace. It was a calibrated show of force to make a point when Tokyo was hosting leaders from the United States (US), Australia, and India. Chinese and Russian fighter jets carrying out joint flights over the Sea of Japan and the East China Sea would have made headlines in any case, but the fact that Beijing and Moscow decided to make this a show of force at a time when the leaders of Quad were meeting was a determined effort to make their presence felt. Read more.

NUMBER THEORY

What does NFHS tell us about the pandemic's employment impact?

Did the Covid-19 pandemic have a lasting impact on employment in India? There is no official data to answer this question in a comprehensive manner at the moment. The latest annual report of the Periodic Labour Force Survey (PLFS) – it is the official source of employment statistics in India – is available for the July 2019 to June 2020 period. It does show a sharp increase in unemployment during the period of the 68-day long nationwide lockdown which began on March 25. Read more.

FROM THE FIELD

How hatred killed Kashmir's rising video star

Two columns of steel jut out of the modest two-storey house – the ground floor in peeling pink paint; the first, still not fully finished, exposing its concrete bones and gleaming new white window frames. It is this storey that Amreen Bhat was building for her family for the past year, with the money she was making from her wildly popular videos on social media, many of which were shot in the backyard of the house, and the green fields of paddy that ringed it. Pushed into work after a troubled marriage and an ailing father, Bhat was determined to change things for the better– a new pucca roof to replace the tin one, a fresh coat of paint for the house, and a life of relative comfort for her family. Read more.

Photo of the Day

Sociology of an object

Infographic of the Day

Pakistan's twin crises come to a head

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HT This Day: May 27, 1929

Ali Ahmad Jan becomes King

(Click to expand)

Ali Ahmad Jan, former Governor of Jalalabad, have been accepted as King in Kandahar.

Following the overwhelming defeat of his forces by the army of Bachai- Sequo on May 22nd, says the correspondent of the Civil and Military Gazette the ex-King Amanullah fled horn Kalashagulzei and is now on his way to Karachi by a special accompanied a by Queen Souriya and his brother Inayatullah Khan en route for Italy. Read more.

Quiz answer

Reliance

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Written and edited by Shahana Yasmin. Produced by Samiksha Khanna. Send your feedback to shahana.yasmin@hindustantimes.com or samiksha.khanna@partner.htdigital.in

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