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Cabinet clears 4 GST Bills to go ahead with July 1 rollout

| | New Delhi

Pushing India’s biggest tax reforms at a faster pace, the Union Cabinet headed by Prime Minister Narendra Modi on Monday approved four legislations — Central GST Bill, the Integrated GST Bill, the Union Territory GST Bill and the GST (Compensation to the States) Bill — with an aim to meet the July-1 deadline. The Bills will be tabled in Parliament this week.

The GST Council has already approved four-tier tax slabs of 5, 12, 18 and 28 per cent plus an additional cess on demerit goods like luxury cars, aerated drinks and tobacco products.

However, the Bills on compensating States for loss of revenue from GST rollout in first five years as well as those enabling levy of the new tax on intra/inter-State movement of goods and services will be brought in the on-going session of Parliament later this week.

                

 
 
 

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Lynch protest: police fire in air, Sec 144 imposed in four areas

21 May 2017 | PTI | Jamshedpur

Protest against lynching of four persons intensified today and the police had to fire in the air to disperse a mob, while prohibitory orders under Section 144 were imposed in four areas here for tonight. Police fired in the air to disperse a mob that blocked roads in Mango area, demanding arrest of culprits involved in the lynching of four persons of a community at Rajnagar in Seraikela-Kharswan district on Thursday...

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CMDC’s Aridongri iron ore output for local units first

26 May 2017 | Staff Reporter | Raipur

The Chhattisgarh Mineral Development Corporation (CMDC) intends to sell iron ore produced from the proposed Aridongri mine in Kanker district of Bastar to steel / sponge iron units at Bhilai, Raipur and Raigarh on priority basis, officials informed. Efforts are being made to increase the production sothat sufficient quantity of iron ore is available for export after meeting the requirements of the expanding home market...

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