The Goods and service tax regime may have been burdensome for small businesses to get acclimatized to and although the current norm requires traders with an annual turnover of Rs. 20 lakhs and above to register under the GST system, for the businesses to fully exploit the benefits of the new system it is important that everybody from the raw material trader to the vendor registers under the system.
To this effect, the government is planning an easier set of rules to comply with for the convenience of small businesses with an annual turnover of under Rs 20 lakh.
This decision comes after Prime Minister Narendra Modi urged tax officials to help these traders and small businesses to migrate to the GST rule everyone in the production chain might be cumbersome, the government acknowledges these predicaments, “It should be like Saral (the income tax form), which should be a single-page form with only the sales and purchase details to be furnished,” a senior government official, who did not wish to be named, as reported in the Times Of India.
The registration process might be cumbersome along the chain, but the government has duly noted these predicaments, “It should be like Saral (the income tax form), which should be a single-page form with only the sales and purchase details to be furnished,” a senior government official, who did not wish to be named, as reported in the Times Of India.
Meanwhile, the new compliance mechanism is in its infancy and is being worked out by the Central Board of Excise and Customs. Once the conceptualization is done, the compliance rules will then be finalized by the GST Council.
The main idea is to expand the current tax base while ensuring that those registered under GST and who are doing business with non-registered entities have a fair and legitimate database of their business links.
Sources: Times Of India, Deccan Chronicle
Image source: Deccan Chronicle
On Monday, the National Investigation Agency got its new Chief in Senior IPS officer Y C Modi. Modi is renowned for his work and contribution in the probe relating to the 2002 Gujarat riots. He was a part of the Supreme Court-appointed Special Investigation Team.
The National Investigation Agency was created in the aftermath of the 2008 Mumbai terror attacks when the need for a central agency to counter terrorism was realized. The NIA can deal with terror situations across states without special permission from the states. The founding Director-General of NIA was Radha Vinod Raju and the agency is primarily involved in probing terrorism and terror-financing related cases.
Y C Modi will hold the post of Chief till his superannuation on May 31, 2021, as per an order issued by the Department of Personnel and Training (DoPT).
Additionally, The The Appointments Committee of the Cabinet (ACC) sanctioned the appointment and approved Modi to take over as an officer on special duty (OSD) in NIA with immediate effect.
Earlier Modi was a batch officer of the 1984Assam-Meghalaya cadre and is at currently the special director of the Central Bureau of Investigation (CBI).
Sources: NDTV, Economic Times
Image source: Legend News
On September 16, Medha Patkar, an activist known for heading the Narmada Bachao Andolan held a ‘Jal Satyagraha’ in unison with 40 other women at Barda village in Barwani district of Madhya Pradesh.
The protestors alleged that the state government had shunned the interests of its people and released water from the Indira Sagar and Omkareshawar dams, but ensured that the Sardar Sarovar dam had water till optimum level on September 17, for Prime Minister Narendra Modi to dedicate it to the nation.
The protestors were forced to end the Jal Satyagraha on Sunday after the dam became the reality, but the NBA leaders said they would continue their agitation for proper rehabilitation of the SSP affected people.
“The drama of dedication of Sardar Sarovar Project to the nation on Prime Minister’s birthday was a complete failure. This was evident by the fact that except for Gujarat chief minister Vijay Rupani, no other BJP ruled state’s CM turned up, unlike the announcement. About 2000 priests from Varanasi didn’t turn up either to perform aarti despite the announcement. We believe this is a victory of our struggle,” as reported in NDTV.com
The Sardar Sarovar Dam has been mired in controversy for the past 60 years and is the world’s second largest dam after the Grand Coulee Dam in the United States.
Sources: HT, India Today
Image source: HT
On Thursday badminton stars P V Sindhu and Sameer Verma kept the Indian flag flying high by making it to the quarter-finals of the Korean Super Series with sweeping straight wins.
Even though Parupalli Kashyap’s performance waned in the second round after an unlikely defeat in Seoul, Rio silver medalist Sindhu made up for it when she got the better of Thailand’s Nitchaon Jindapol. Sindhu beat her with an impressive 22-20 21-17 and will soon play opposite 2014 World Championships bronze medallist Minatsu Mitani of Japan. Mitani had defeated Saina Nehwal in the 2012 French Open finals to win the title. Last year, World Championships silver medalist Sindu improved her 1-1 record against World No.16 Jindapol, who had beaten hear at the Syed Modi International.
On the other hand, Sameer defeated Wong Wing Ki Vincent of Hong Kong scoring 21-19 21-13 within 41 minutes thus setting up a tough fight in the quarters against the famous Son Wan Ho.
Inorder to beat Son Wan Ho, Sindhu and Sameer will have to gain leverage in the game against him. Earlier, Son Wan Ho had ended Indian shuttler Kashyap’s Korea Super Series campaign by defeating him 21-16 17-21 21-16 in an hour and 16 minutes to reach the last-eight stage.
Sources: The Indian Express, The Hindu
Image Source: Your Story
North Korea is becoming an increasing threat to the global community in the wake of the persistent ballistic missile tests in Pyongyang.
On Thursday the UN Secretary Antonio Guterres has called for a political solution to clamp down on the violence and growing political tensions between North Korea and the rest of the world.
“The solution can only be political. Military action could cause devastation on a scale that would take generations to overcome,” Guterres told reporters at a news conference at the UN headquarters in New York as reported in the Times of India.
North Korea will be forced to comply with its international obligations, Guterres added as he called upon all the member nations to see to its implementation. This comes amidst a unanimous agreement and implementation of a new resolution by the Security Council, thus sending a clear warning to North Korea.
However, Nicholas Burns, an eminent American think tank believes this resolution is not enough for the North Korea and that they might not budge from their current political ideologies and plans.
“We are in a new and dangerous phase of the crisis” Burns said as reported in the Times of India.
Sources: The Hindu, TOI
Image Source: AFP
On Tuesday, India and Belarus drafted a 10 pact agreement to expand cooperation in various diplomatic areas and decisively explore a joint development and manufacture of military platforms, giving momentum to existing bilateral relationships between the two countries. The meeting was held at the Hyderabad House in New Delhi.
During the meeting, Prime Minister Narendra Modi and Belarus President A G Lukashenko, discussed in brief about expanding their focus on increasing the economic engagement between the two countries. They also mulled over the fact that there was indeed a huge scope for ramping up trade and investment between the two nations.
“We will encourage joint development and manufacturing in defense sector under the ‘Make in India’ program,” Modi said in a media statement as reported in the Economic Times.
Modi also said that he and Lukashenko went through the “architecture” of India-Belarus partnership and suggested ideas to expand it.
The pacts provided for enhancing bilateral cooperation in a variety of areas, including oil and gas, education and sports.
Additionally, Modi also highlighted India’s ongoing negotiations with the Eurasian Economic Union (EEU) for a free trade agreement. For which Belarus is part of the five member-EEU and is considered an influential central Asian bloc.
The volume of bilateral trade in 2016 amounted to $402 million approximately.
Sources: Economic Times, The Hindu
Image source: The Hindu
On Wednesday, India agreed to grant citizenship to approximately one lakh Chakma-Hajong refugees including Hindus and Buddhists that have been staying in Arunachal Pradesh for half a century, and who had fled from Bangladesh in the 1960’s fearing ethnic cleansing and religious persecution in the Chittagong Hill region of Bangladesh.
This decision was arrived upon in a meeting headed by Home Minister Rajnath Singh and was presided over by the National Security Advisor (NSA) Ajit Doval, MoS Home Affairs Kiren Rijiju, and Arunachal Pradesh Chief Minister Pema Khandu.
“The Chakmas have settled in Arunachal Pradesh since 1964. But the rights of the Scheduled Castes and indigenous tribes [in the state] will not be diluted.” An unidentified home ministry official said that though the Chakmas and Hajongs would be granted citizenship, they would not have any right to land ownership in the state as reported in Scroll.in
Earlier in 2015, the Supreme Court had requested the Centre to grant citizenship to the Chakma and Hajong refugees. However, several organizations and civil society groups in Arunachal Pradesh were starkly against the move. In their opinion, it would change the demographic dimensions of the state and affect the minority status of the tribal population.
Sources: The Wire, Economic Times