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Government introduces 4 GST amendment Bills

The government introduced four Bills seeking to amend the Goods and Services Tax (GST) laws that will make return forms simpler and raise the turnover threshold for availing composition scheme to ₹1.5 crore.

posted by Jawwad Kazi 8th Aug 2018

RBI must resume issuing LoUs, LoCs : parliamentary panel

The Parliamentary Standing Committee on Commerce said that the RBI must resume issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit.

posted by Jawwad Kazi 7th Aug 2018

China tests hypersonic aircraft

China on Monday announced that it has successfully tested its first hypersonic aircraft which could carry nuclear warheads and penetrate any current generation anti-missile defence systems, seen as a breakthrough in developing weapons.

posted by Jawwad Kazi 7th Aug 2018

‘Open to reaching a new Iran deal’

U.S. President Donald Trump on Monday told Iran to change its “destabilising” behaviour or risk further economic isolation, hours before the reimposition of sweeping sanctions against Tehran, though he left the door open to a new deal.

posted by Jawwad Kazi 7th Aug 2018

Three northeastern States emerge as new HIV hotspots

According to the Ministry of Health and Family Welfare the northeastern states- Meghalaya, Mizoram and Tripura have emerged as the new hotspots for HIV.

posted by Jawwad Kazi 7th Aug 2018