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en-gb 2018-07-26T17:43:28+05:30 en-gb 2018-07-26T17:46:13+05:30 - Chinese Foreign Ministry spokesperson Geng Shuang said that regardless of the result of the election, the development of bilateral ties with Pakistan will not be affected.
'What do we got to pay?' Inside the Trump-Cohen tape WASHINGTON (AP) â€" The audio recording of President Donald Trump and his then-lawyer, Michael Cohen, captures the two men discussing hush money payments to a former Playboy model alleging an affair. - The Japanese automaker's net profit in the April-June quarter fell to 115.8 billion yen from 134.9 billion yen in the same period last year.
en-gb 2018-07-26T17:43:42+05:30 Mumbai firm empowering self-driving cars in US with high-precision HD mapping (Tech Trend) New Delhi, July 26 (IANS) Although self-driving cars remain a distant reality for the Indian roads, a Mumbai-headquartered firm has become the first desi company to develop high-precision HD maps for a customer in the United States which is at the forefront of autonomous vehicle technology. en-gb 2018-07-26T17:38:12+05:30 Sunanda death: Tharoor granted exemption from personal appearance today In an application moved by his advocate Vikash Pahwa, Tharoor said that he was unable to come to court since Parliament was in session. Vodafone-Idea merger gets DoT's final nod The department of telecommunications (DoT) has given the final nod to merger of Vodafone India with Idea Cellular, issuing a letter to this effect to both companies. The move creates Vodafone Idea Limited, the largest carrier in India by subscribers and revenue market share. People aware of the development said that the approval, issued Thursday, specifies that the licenses of Vodafone Mobile Services Limited (VMSL) and Vodafone India stand transferred to Idea Cellular Ltd, along with the assets and liabilities of both the Vodafone companies."Bank guarantees for deferred spectrum payments that Vodafone owes to a DoT will be amended by the banks concerned, and will be transferred to Idea Cellular, since that will be the entity that will hold the licenses," an official in DoT said."The approval letter however includes the conditions that the merged entity will have to comply with the outcomes of pending cases in the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), and other courts," he added.65148029 Will look into proposals for import duty hike on consumer durables, says CBIC The Central Board of Indirect Taxes and Customs (CBIC) will look into the suggestions of hiking import duty on consumer durable items to protect the domestic industry.The industry has represented to the government seeking increase in customs duty to shield it from cheap imports."The domestic industry has said it needs protection. We are looking into all the proposals that have come in," CBIC chairman S Ramesh said when asked if the government is considering hiking import duty on consumer durable items.The GST Council had last week decided to cut tax rates on white good like small screen TVs, fridges and washing machines to 18 per cent, from 28 per cent. The new rate will take effect tomorrow.Importers pay Integrated GST (IGST) on top of customs duty at the time of importing goods. With cut in GST rate, the IGST rate for importers too would come down.Addressing a CII industry meet, Ramesh said the GST council in its last meeting cut rates on a host of items, which was decided on the basis of revenue neutrality and reduction of additional burden on taxpayers.The decisions taken recently reflect the firm resolve of the government to enhance the ease of doing business, reduce cost of compliance, he said."By easing the burden of return filing, we hope that tax compliance would be better and sustained in the long run," Ramesh said.The GST Council has been rationalising rates and procedures are being made comfortable."The signal, intent and resolve of the government is to ensure tax rate, procedure and compliance burden are gradually made comfortable. At the same time, the government expects the industry also to ensure that compliance is a top priority," he said.Ramesh said during the ongoing special refund fortnight, the tax officers are reaching out to the trade and industry to their offices to handhold them for expeditious refund clearance."We not only collect taxes but ensure refunds pro-actively," he said. Cos to cut prices of washing machines, fridges, small appliances by 7-8% post GST cut With the government slashing GST rates on select white goods by 10 per cent, consumer durable makers say they will pass on the benefit to consumers and cut prices of commonly used items by 7-8 per cent.The GST Council had announced reduction in tax rates on items like small screen TVs, fridges and washing machines to 18 per cent, from 28 per cent. The new rate will take effect tomorrow."With the revision of GST rate on refrigerators and washing machines, there will be a reduction of price to the tune of 7-8 per cent for the end consumer. Godrej will pass on the entire benefit of GST reduction to the consumers," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told.Nandi said the revision of GST rate from 28 per cent to 18 per cent will provide relief to the appliances industry."The revision will make refrigerators and washing machines more affordable which will accelerate the penetration of these appliances across India. This is turn will lead to a spur in demand which will lead to increase in production and hence have a positive impact on the GDP," he added.Agreeing with Nandi, LG India Business Head Vijay Babu said, "As a market leader...LG confirms that it will pass on 100 per cent GST reduction benefit to the consumers with effect from July 27. The price reduction for washing machine, refrigerators and vacuum cleaners will be in the range of 7-8 per cent".Manish Sharma, president and CEO, Panasonic India and South Asia and President, CEAMA said the tax (GST) cut will provide a new impetus for growth especially before the upcoming festive season."The goods to benefit the most will be washing machines and refrigerators, where we expect growth to pick up substantially. The reduced taxes in television sets of up to 26 inches will ensure increased penetration and affordability in smaller parts of the country. We plan to pass on the complete benefits translating to around 7-8 per cent," he added.Last week, GST Council brought down tax rates to 18 per cent from 28 per cent on 15 items, including vacuum cleaners, washing machine, 68 cm (27 inch) TV, fridge, laundry machines, paints, hand dryers, food grinders and varnishes. en-gb 2018-07-26T17:46:36+05:30 - Pakistan Election 2018 LIVE
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Thursday, July 26, 2018
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