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  • Lok Sabha passes goods and services tax reform
    Lok Sabha passes goods and services tax reform

    The Lok Sabha on Wednesday passed a bill that seeks to transform the country into a common market, harmonising state and central levies into a national goods and services tax which is expected to boost manufacturing. The Rajya Sabha will now have to pass the constitution amendment bill, after which more than a half of India's 29 states must approve it before the federal and state governments get equal powers to tax goods and services. "The whole country, which is one-sixth of world's …

  • Bollywood star Salman Khan gets five years for hit-and-run
    Bollywood star Salman Khan gets five years for hit-and-run

    By Shilpa Jamkhandikar MUMBAI (Reuters) - A court on Wednesday sentenced Bollywood film star Salman Khan to five years in prison, for killing a man in a hit-and-run accident, the latest twist in the tumultuous career of a hero of India's silver screen. …

  • India not interested in high sales tax rate - Finance Minister
    India not interested in high sales tax rate - Finance Minister

    The central and state governments are not interested in imposing higher goods and services tax (GST) rates that could hurt people, Finance Minister Arun Jaitley told lawmakers in the lower house of parliament on Wednesday. The proposed GST would harmonise a mosaic of state and central levies into a national sales tax which business and policy makers hope would boost manufacturing and reduce corruption. A government think-tank proposed the GST rate be set at 27 percent, well above the global …

  • Pakistan army accuses India of backing terrorism in rare rebuke
    Pakistan army accuses India of backing terrorism in rare rebuke

    By Mehreen Zahra-Malik ISLAMABAD (Reuters) - Pakistan's military has accused India's main intelligence agency of whipping up terrorism in Pakistan in rare public criticism that could increase tension between the nuclear-armed rivals. "The conference also took serious notice of RAW's involvement in whipping up terrorism in Pakistan," the army said in a statement, referring to India's Research and Analysis Wing (RAW), its external intelligence arm. While Pakistani army officers often privately …

  • Greenpeace faces shutdown after India freezes funds in charity crackdown
    Greenpeace faces shutdown after India freezes funds in charity crackdown

    By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) - Greenpeace India is facing imminent closure after authorities froze its bank accounts leaving it with little funds, the environmental group's head said late on Tuesday, accusing Prime Minister Narendra Modi's government of "strangulation by stealth". The home ministry last month blocked foreign funding to the local branch of Greenpeace and suspended its registration for six months. Officials said the charity was misreporting funds and …

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