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India takes a leap towards 'one nation one tax'

Fri, 06/30/2017 - 20:14
Amid boycott of the launch ceremony by principal opposition parties like the Congress which termed it as "tamasha" (gimmick), the new tax regime overnight replaces the messy mix of more than a dozen state and central levies built up over seven decades.

GST result of our collective effort: PM Modi

Fri, 06/30/2017 - 20:06
“Today at midnight we all will determine the road ahead for the country. In some time the country will move towards a new order,” PM Modi said while delivering his speech.The prime minister said that the fruition of GST is not one government or one party’s doing but has been a collective effort.

GST launch event: Highlights

Fri, 06/30/2017 - 19:38
PM Modi, his cabinet colleagues and major company executives have gathered at Parliament's central hall to launch the most sweeping tax reform since Independence. Here are the event highlights:

First class, air-conditioned train fares to rise

Fri, 06/30/2017 - 19:25
Passengers travelling in first class and air conditioned trains will have to shell out more for their journey after the roll out of the Goods and Services Tax (GST) from July 1.

Govt lowers GST on fertilisers from 12% to 5% hours ahead of rollout

Fri, 06/30/2017 - 17:02
“12 per cent rate of GST some felt it may increase burden on farmers, so the consensus within the Council was to bring the rate down to 5 per cent,” Union Finance Minister Arun Jaitley who chairs the GST Council announced after Friday’s meeting at New Delhi’s Vigyan Bhavan.

GST regime: Lesser talktime, higher phone bills 

Fri, 06/30/2017 - 16:59
Under the Goods and Services Tax (GST), telecom services would be taxed at 18 per cent compared to 15 per cent currently. This means that a user would get a talktime of about Rs 80 on a recharge of Rs 100, compared to about Rs 83 earlier. ​

GST rollout: Restaurants to bill differently today 

Fri, 06/30/2017 - 16:53
With the launch of the new Goods and Services Tax (GST), those planning to dine out tonight may find themselves caught in minor disputes over payments, if they stay on post midnight.

K K Venugopal to be new Attorney General

Fri, 06/30/2017 - 16:20
A decision to appoint the 86-year-old veteran lawyer as the successor of Rohatgi was discussed before the departure of Prime Minister Narendra Modi on a visit to the US, Netherlands and Portugal.

China reiterates withdrawal of troops for talks

Fri, 06/30/2017 - 15:52
"The diplomatic channels for the communication between Chinese and Indian sides remained unimpeded," Chinese Foreign Ministry spokesman Lu Kang told a media briefing here.

'Not the 1962 India anymore': Jaitley to China

Fri, 06/30/2017 - 15:07
The India of 2017 is different from the India of 1962, defence minister Arun Jaitley said on Friday, a day after China asked New Delhi to learn from its 1962 military debacle.

GSTN launches Excel template for filing returns

Fri, 06/30/2017 - 14:47
In the excel sheet, the businesses would have to give details of transaction, like supply invoices issued to registered tax payers, export invoice details, consolidated details of supplies to consumers, credit/debit note details to registered/unregistered taxpayers and details of documents issued.

80% items in GST within 18% rate; to benefit honest people

Fri, 06/30/2017 - 14:24
These essential and daily use items make up for about 80 per cent of the goods used. Luxury items including motorcycles, perfume and shampoo, which account for about 19 per cent of all taxable items, will be taxed at 18 per cent or higher.

GST Council meeting at 7 pm ahead of midnight launch

Fri, 06/30/2017 - 13:46
The GST Council that is chaired by Finance Minister Jaitley and includes all the state finance ministers is expected to do a final review ahead of the launch in terms of IT preparedness and generally take stock of the ground scenario.

Live Blog: India v West Indies, 3rd ODI

Fri, 06/30/2017 - 13:40
Follow all the live updates from the third West Indies v India ODI in Antigua on Times of India

GST roll out: 17-year roller coaster ride

Fri, 06/30/2017 - 13:28
GST is India's biggest tax reform in the 70 years of independence and will help modernise Asia's third largest economy. Here is a look at the timelines that shaped 'one nation, one tax' system

GST: So what will change after midnight?

Fri, 06/30/2017 - 11:18
NEW DELHI: India is just hours away from the big GST roll out and the big question on everyone's minds is, 'Where will I have to shell out more tonight?' Well, at quite a few places.

GST: Traders seek tax leniency during first year

Fri, 06/30/2017 - 10:33
Chief of an industry body said, it would take at least six months for the trade to get accustomed to the new regime as there are several confusing elements which even some of the government officials are not well versed with.

Guess how many Maruti Alto sold in 2017 so far

Fri, 06/30/2017 - 05:53
Maruti Suzuki has announced that Alto - its small-car offering - has sold over 1 lakh units in the country in the first five months of 2017. A consistently best-selling passenger vehicle, the most-recent sales figure further cements the car at the top of the entry-level segment.

US travel ban takes effect, less chaos expected

Fri, 06/30/2017 - 04:53
People from Syria, Sudan, Somalia, Libya, Iran and Yemen who want new visas will now have to prove a close family relationship or an existing relationship with an entity like a school or business in the US

Jharkhand man lynched for allegedly carrying beef

Fri, 06/30/2017 - 02:54
ADG (operations) R K Mullick said an FIR has been lodged at Ramgarh police station against 10 people, one of whom has been arrested.

Indians top list of those acquiring foreign citizenship, says OECD

Fri, 06/30/2017 - 00:45
India tops the list of origin countries of naturalised citizens across the world, indicating that the diaspora is not apprehensive of acquiring foreign citizenship. In 2015, 1.30 lakh people of Indian origin, comprising largely of expatriates on work visas, acquired citizenship of OECD member countries.

Cow terrorism killed 23 since 2014

Fri, 06/30/2017 - 00:10
​​A review of media reports shows 32 cases of attacks by mobs or vigilante groups on Muslims since May 2014. ​​In these attacks, 23 people were killed, including women and children.

GST: Get set for tomorrow

Thu, 06/29/2017 - 23:36

Indo-China border tension intensifies; both deploy 3,000 troops

Thu, 06/29/2017 - 21:34
The ongoing troop face-off between India and China on the Sikkim-Bhutan-Tibet tri-junction has emerged as the biggest such confrontation in the region in decades, with both sides continuing to pump in reinforcements. “Both sides are as yet not willing to budge from their positions," a source said.

Will give opinion only if BCCI asks for it: Kohli

Thu, 06/29/2017 - 19:07
Skipper Virat Kohli on Thursday made it clear that he will air his views on new coach only if his opinion is sought by the BCCI. With Ravi Shastri throwing his hat in the ring, Kohli's proximity with the former Team Director, many feel that it made him a runaway favourite for the top job.

'Party's over' for millions as India launches biggest-ever tax reform

Thu, 06/29/2017 - 18:55
A nationwide Goods and Services Tax (GST), set to come into effect on Saturday, has faced criticism for its complex design.

Women's WC: Smriti helps India beat West Indies

Thu, 06/29/2017 - 18:27
Opener Smriti Mandhana made amends for missing out on a hundred against England with a scintillating unbeaten 106 guiding India to a comfortable seven -wicket victory against West Indies in the ICC Women's World Cup on Thursday.

Ravi Shastri sentiment gains ground in BCCI

Thu, 06/29/2017 - 18:10
Amidst the confusion surrounding the appointment of the head coach for Team India, one thing that is becoming clear is that the decision on the coach will not be taken only on the basis of his credentials but also on the kind of support he is able to drum up in the corridors of power.

India coach hunt: Shastri sentiment gains ground in BCCI

Thu, 06/29/2017 - 18:10
Amidst the confusion surrounding the appointment of the head coach for Team India, one thing that is becoming clear is that the decision on the coach will not be taken only on the basis of his credentials but also on the kind of support he is able to drum up in the corridors of power.

Starry midnight in Central Hall to welcome GST

Thu, 06/29/2017 - 16:55
It will be a starry midnight in the historic Central Hall on June 30 that will have from megastar Amitabh Bachchan to industry doyen Ratan Tata in attendance at the launch of India's most sweeping tax reform, GST.

Don't skip GST launch: Jaitley to opposition

Thu, 06/29/2017 - 14:54
Finance Minister Arun Jaitley on Thursday said that the decision to roll-out Goods and Services Tax (GST) taken "after consultation with all state governments and union territories."

Indian Army should learn from 'historical lessons': China

Thu, 06/29/2017 - 14:27
In an unprecedented action, Chinese foreign ministry spokesman Lu Kang displayed a photograph of Indian "incursion" into Donglong area and said the dispute which is becoming a confrontation of sorts between the troops on the ground can only be settled by the withdrawal of Indian soldiers from the area.

Congress to stay away from GST launch

Thu, 06/29/2017 - 13:06
The opposition Congress party on Thursday said that it won't attend the launch of the Goods and Services Tax (GST) scheduled for midnight on June 30 in a special Parliament session.

Broadband, mobile bills to go up from next month

Thu, 06/29/2017 - 12:32
To break it down, if say your broadband and mobile bill come to Rs 1,000 each every month, you’d be paying a cumulative Rs 2,600 from next month (3% on Rs 1,000 + 3% on Rs 1,000). Similarly, for prepaid customers, the effective talk-time will be reduced, July onwards.

IndiGo expresses interest in buying Air India

Thu, 06/29/2017 - 11:18
Low-cost carrier IndiGo has submitted its expression of interest (EOI) for the purchase of Air India. Aviation minister Jayant Sinha said that IndiGo's was the first "unsolicited" formal offer for AI.

What is GST: India's biggest tax reform

Thu, 06/29/2017 - 08:58
GST will be levied on value additions at each stage of the production cycle – buying raw materials, processing, manufacturing, warehousing and sale to customers - the monetary worth added at each stage to achieve the final sale to the end customer will be taxed.

43 McDonald's Delhi outlets to shut today 

Thu, 06/29/2017 - 05:22
“It’s unfortunate, but operation of 43 restaurants operated by CPRL has been temporarily suspended,” said Vikram Bakshi, former managing director of CPRL, which operates 168 restaurants.

Venkatesh Prasad joins fray for Team India coach

Thu, 06/29/2017 - 05:06
The 47-year-old refused to confirm the development, but it's reliably learnt that he is willing to compete with the likes of Virender Sehwag, Tom Moody, Lalchand Rajput and Dodda Ganesh. The post became vacant after leg spin great Anil Kumble quit earlier this month in acrimonious circumstances.

Here's how India's largest tax reform will affect your monthly budget

Thu, 06/29/2017 - 04:54
What we buy, how we buy and why we buy are questions that have for long fascinated anthropologists. But GST is expected to add a new twist to the tale of Indian consumerism.

Even kirana shops will find it hard to evade taxes 

Thu, 06/29/2017 - 04:40
There may be other ways to evade GST, such as by splitting transactions to stay below the Rs 20-lakh threshold for registration, but experts say even that may not be easy .

US Visa: Family ties must for Muslim nations

Thu, 06/29/2017 - 03:55
The Trump administration has set new criteria for visa applicants from six mainly Muslim nations and all refugees that require a “close” family or business tie to the United States. The move comes after the Supreme Court partially restored Donald Trump’s executive order that was widely criticized as a ban on Muslims.

Armed in Chennai, they repel global cyber attacks 

Thu, 06/29/2017 - 03:44
​Vinod Senthil and his team at InfySec have been up for the past 24 hours watching the Peyta ransomware outbreak. Peyta, affecting systems in India, Denmark, The Netherlands, Spain, the UK and Ukraine, has struck a few weeks after the WannaCry attack.

Pope aide charged with multiple sex offenses

Thu, 06/29/2017 - 02:55
Australian police charged Cardinal George Pell, a top Vatican cardinal, on Thursday with multiple counts of historical sexual assault offenses, a stunning decision certain to rock the highest levels of the Holy See.

Rs 31,000 crore bonanza for govt, defence staff

Thu, 06/29/2017 - 00:33
The Centre announced a bonanza of Rs 30,748 crore, including higher house rent allowance (HRA) and other allowances, for government employees and defence personnel on Wednesday.

India's $20-billion N-plant deal to be reworked

Wed, 06/28/2017 - 22:19
India’s $20-billion civil nuclear plant deal with bankrupt Westinghouse is being reworked. This will result in the American company branching out into a design and consultation role, while handing out the construction of the facilities to a local partner.

Road part of China's expansion strategy: Experts

Wed, 06/28/2017 - 21:22
China’s aggressive road building exercise into Chumbi valley in the strategically located tri-junction between India, Bhutan and China, the source of the current stand-off between the two neighbours, is part of Beijing’s plans to gain strategic advantage in the region, say experts.

Printing of Rs 200 currency notes begins

Wed, 06/28/2017 - 18:54
"For day-to-day transaction purposes, introduction of 200 rupee notes will add to the ease of operations," said Soumya Kanti Ghosh, group chief economist, SBI.

Mansarovar yatra goes on via Uttarakhand route

Wed, 06/28/2017 - 18:53
China’s declaration on Tuesday that no Indian pilgrims will be allowed to proceed on the Kailash Mansarovar yatra till the Sikkim border row is resolved may have stalled the yatra through the Nathu La pass​ in Sikkim, but the pilgrimage is proceeding smoothly through the other route in Uttarakhand taken by pilgrims to reach the revered lake

Cabinet approves 7th pay panel recommendations with 34 changes

Wed, 06/28/2017 - 18:29
The decision, taken at the meeting of cabinet presided over by Prime Minister Narendra Modi, will result in additional financial implication of Rs 30,748.23 crore per annum to the government.

Now companies can choose where to scout for oil

Wed, 06/28/2017 - 17:22
Oil minister Dharmendra Pradhan on Wednesday launched the 'open acreage' licensing programme and National Data Repository - a database of sedimentary basins -- allowing exploration companies to bid for blocks round the year.

Govt approves 7th pay panel recommendations

Wed, 06/28/2017 - 16:43
The modification, which is based on the recommendations of Committee on Allowances, will result in additional burden of Rs 1,448 crore over and above suggestions made by 7th Central Pay Commission.

Dutch PM Mark Rutte gifts bicycle to PM Modi

Wed, 06/28/2017 - 16:26
Dutch Prime Minister Mark Rutte has gifted a bicycle to Prime Minister Narendra Modi during the latter's day-long visit to The Netherlands on Tuesday.

Four more arrested in Ballabgarh killing case

Wed, 06/28/2017 - 15:04
Four persons, including a 50- year-old man, were arrested today in connection with the stabbing of a Muslim youth onboard a Mathura-bound train, an incident which had led to led nation-wide outrage.

China bulldozes Indian bunker in Sikkim

Wed, 06/28/2017 - 14:28
The incident that broke out in the first week of June in Doka La general area in Sikkim had led to a face-off between the two forces, triggering tension in the Sikkim section of the India-China border, the sources said on Wednesday.

Tendulkar steps in, convinces Shastri to apply for coach's post

Wed, 06/28/2017 - 13:31
Former India batting legend Sachin Tendulkar stepped in this week to finally resolve the matter surrounding appointment of India's new coach in place of Anil Kumble, following which cricketer-turned-commentator Ravi Shastri finally agreed to send in his application for the role.

Mallya takes steps to drop 'India' from F1 team

Wed, 06/28/2017 - 13:18
Vijay Mallya, who is being pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, has taken steps that could see India disappear from the name of his Formula One team.

China defends Pak, says it is at frontlines of anti-terror fight

Wed, 06/28/2017 - 12:00
A day after India and the US asked Pakistan to stop cross-border terror, China on Wednesday put up a strong defence of its 'all-weather' ally, saying Islamabad was at the frontlines of the fight against terrorism.

Ready or not, businesses brace for GST

Wed, 06/28/2017 - 11:13
A big concern is the GST's sheer complexity - with rates of 5, 12, 18 and 28 per cent, and myriad exceptions, it contrasts with simpler, flatter and broader sales taxes in other countries. The official schedule of GST rates runs to 213 pages and has undergone repeated last-minute changes.

Flying cars to come sooner than thought before

Wed, 06/28/2017 - 09:46
Aeronautics giants are treating the idea of a flying car with caution, as such a project raises more questions than it answers, experts say - it's a child's dream, a millionaire's toy.

India needs to be taught the rules: Chinese media

Wed, 06/28/2017 - 09:22
As New Delhi and Beijing trade accusations of intruding into each others' territory, a furious Beijing on Wednesday used state-run media to call India "unruly" and say it "needs to be taught the rules".

GST: Insurance premiums, ATM use to cost more

Wed, 06/28/2017 - 09:21
Under GST, financial services have been put under the 18 per cent slab, whereas currently customers pay 15 per cent service tax for them. Thus, a straight 3 per cent hike in your bills can be expected.

China justifies road construction in Sikkim sector

Wed, 06/28/2017 - 07:59
China has justified the construction of a road in the Sikkim sector, saying the area "undoubtedly" is located on its side of the border as per the 1890 Sino-British Treaty.

Why living in societies will be costlier under GST

Wed, 06/28/2017 - 07:30
While buying a house may or may not become cheaper, living in a gated society is surely going to burn a big hole in your pocket in the coming months, courtesy GST. Magicbricks explains why living in a housing society is set to get costlier.

33 hours in airplane mode for PM Narendra Modi

Wed, 06/28/2017 - 06:33
In the trip totalling a little more than 95 hours, Modi would have spent more than a third of his time — 33 hours — flying in his Air India Boeing.

Pakistan says US's 'dual standards exposed' 

Wed, 06/28/2017 - 05:38
A miffed Pakistan has accused the US of "dual standards" for looking the other way on the issue of India's "state terrorism" in Kashmir, reported Pakistani media.

Terror fund: NIA detains Geelani's son-in-law 

Wed, 06/28/2017 - 04:51
Altaf Shah, popularly known as Altaf Fantoosh, was earlier questioned by the NIA on June 12 about his movable and other properties, including houses in the Valley as well as in Jammu, and the source for their funding, official sources said.

In the form of his life, Srikanth vows much more

Wed, 06/28/2017 - 04:34
Kidambi Srikanth, on the verge of breaking in to the top ten in the BWF men’s singles rankings, opens up on his back-to-back Super Series titles, his love for training and how Indian badminton is on the rise.

India's largest container port hit by ransomware

Wed, 06/28/2017 - 04:29
Operations at one of the three terminals of India's largest container port JNPT (Jawaharlal Nehru Port Trust) were impacted on Tuesday night as a fallout of the global ransomware attack, which crippled some central banks and many large corporations in Europe.

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