Around the Globe

Around the Globe

GST panel suggests quarterly rate reviews

The GST fitment committee comprising tax officers from the Centre and the states has suggested reviewing of tax rates only in three months as frequent changes could be counter productive. The move comes days after industry captains raised the issue of inconsistency in tax rates under the new indirect tax regime. The recommendation is part of an approach paper prepared by the panel advising the GST Council.

UP, MP, Vidarbha get deficient rain

India’s major rice growing state Uttar Pradesh and soybean producing Madhya Pradesh have received deficient rainfall this year, while farmers in 78 per cent areas of the country rejoice the prospect of good crops on bountiful monsoon.

Sasi out, Jaya is AIADMK eternal gen secy

The ruling AIADMK in Tamil Nadu on Tuesday sacked jailed VK Sasikala as interim chief and made its late supremo Jayalalithaa the party’s “eternal general secretary”, sparking fresh confrontation with rebel leader TTV Dinakaran who vowed to bring down the government.

Rahul speaks at Berkeley, sparks BJP-Cong war of words

Remarks by Congress vice-president Rahul Gandhi during an address at the University of California, Berkeley, on Tuesday snowballed into a war of words between his party and the ruling BJP with the latter slamming him as a “failed dynast” and “failed politician”.

Trump to weigh more aggressive US strategy on Iran

US President Donald Trump is weighing a strategy that could allow more aggressive responses to Iran’s forces, its Shi’ite Muslim proxies in Iraq and Syria, and its support for militant groups, feel six current and former US officials.

The proposal was prepared by Defense Secretary Jim Mattis, Secretary of State Rex Tillerson, national security adviser HR McMaster and other top officials, and presented to Trump at a National Security Council meeting on Friday, the sources said.

HC seeks TRAI's response on Vodafone's appeal

The Delhi High Court today sought the response of TRAI on Vodafone India's appeal against a single judge order dismissing its petition against the consultation process adopted for fixing interconnection usage charges (IUCs) between cellular and fixed line operators.