- GST Council reduces tax rate on 29 goods and 53
categories of services ; New rates to be effective from 25th of this
- Election Commission announces schedule for Assembly
elections in Tripura, Meghalaya and Nagaland; Tripura to go to polls on 18th
and Meghalaya and Nagaland to vote on 27th of next month.
successfully test-fires indigenously developed Agni-5 ballistic missile.
- Israeli Prime Minister Benjamin Netanyahu asks
business leaders to focus on innovation; Pays tribute to 26/11 Mumbai terror
- Eighteen children including seven girls selected for
National Bravery Awards, 2017.
- Sensex and Nifty hit fresh closing highs.
- Indian captain Virat Kohli named the ICC world
cricketer of the year; receives the award for the second time.
Goods and Services Tax Council has reduced the tax
rate on 29 goods and 53 categories of
services by bringing them in lower category. The new rates will be effective
from 25th of this month. The GST rate on
tailoring service has been reduced from 18 to 5 percent and tax on entry
services to theme parks, water parks, joy rides, merry-go-rounds,
go-carting and ballet from 28
percent to 18. The tax rate on
construction of metro and monorail projects has been brought down from 18
percent to 12 percent. Besides, the rate
on job work services for manufacture of
leather goods and footwear has been
reduced to 5 percent. The GST rate on
transportation of petroleum crude and petroleum products including ATF has been cut down from 18
percent to 5 percent without input tax
credit and 12 percent with it. The GST rate on the Works Contract Services
provided by sub-contractor to the main contractor to governments and local bodies has been lowered.
Briefing media after the council meeting, Finance
Minister Arun Jaitley said, it was also
discussed to simplify the return filing process by merging all three types of
GST returns into a single return. He said, Mr. Nandan Nilekani gave a detailed
presentation on simplification of return filing process. He said, the Council
veered around to the idea of registered entities continuing to file the return
in GSTR 3B Form while moving to a system where supplier invoice captures
details of the transaction. The Finance Minister said, the new process will be
finalised in the next meeting of the GST Council after a written formulation is
circulated to the states.
Mr Jaitley said, the Council also reaffirmed the
implementation of e-way bill system from 1st of next month.
On a question
about inclusion of petrleum products in the GST, the Minister said the matter
will be taken up in the next meeting of the council.
The Election Commission today announced the schedule
for the Assembly elections in Tripura, Meghalaya and Nagaland. Addressing a
press conference in New Delhi, Chief Election Commissioner AK Joti said, in
Tripura, the polling will take place on the 18th of next month, while Meghalaya
and Nagaland will go to polls on 27th February. The counting of votes for all
the three states will be held on 3rd March.
Gazette notification for the poll in Tripura will be
issued on the 24th of this month. For polls in Meghalaya and Nagaland, the
notification will be issued on 31st January.
Mr Joti said, EVMs with VVPATs will be used during the
polling in the three states.
for as the limit of the Election Expenditure is concerned, the ceiling for the election expenditure for
any candidate who is contesting any of the seat in these three states
assemblies is 20 lakh Rupees per candidate. All candidates are required to
furnish their accounts of expenditure to DEO within 30 days of the declaration
of the results. Similarly the political parties are also required to submit
their accounts of the expenditure incurred by them within 75 days of the
completion of the such elections."
With the announcement of the schedule, the model code
of conduct has come into force. Meghalaya, Nagaland and Tripura have 60
Assembly seats each.
successfully test-fired indigenously developed long-range surface-to-surface
ballistic missile, Agni-5, off the Odisha coast today. The state-of-the-art
missile, developed by the Defence Research and Development Organisation (DRDO),
was test fired successfully from the Abdul Kalam Wheeler Island at 9:54 AM. The
three-stage solid propellant Agni-5 missile has a strike range of over 5,000
kilometres and can carry a nuclear warhead of more than one tonne. Defence
sources said, the missile covered 4,900 kilometres in 20 minutes in today's
launch. Our correspondent reports that the missile is about 17 metres long, 2 metres
wide and has launch weight of around 50 tonnes.
test is the fifth developmental trial of the long range missile, carried out by
the Strategic Forces Command of Indian Army to check its operational readiness.
Unlike other missiles of Agni series, the latest one ‘Agni-5’ is the most
advanced having new technologies incorporated with it in terms of navigation
and guidance, warhead and engine. Once this missile is inducted in Services,
India will join the super exclusive club of countries with Inter-Continental
Ballistic Missiles ICBMs alongside the US, Russia, China, France and the UK.
WITH SN Pattnaik, from Sambalpur,
odisha, SUPARNA SAIKIA FOR AIR NEWS."
has once again reiterated that there is no change in situation at the face-off
site in Doklam after disengagement of troops by India and China. External Affairs Ministry spokesperson
Raveesh Kumar today said, any suggestion to the contrary is incorrect and
mischievous. In response to media queries about the situation in Doklam, Mr
Kumar said, government had stated that there was no basis for such imputations.
He said, it may be recalled that last year, a face-off situation that had
arisen in the Doklam region, was resolved following diplomatic discussions
between the two countries. Both the sides had arrived at an understanding for
the disengagement of their border personnel at the site.
Prime Minister Benjamin Netanyahu today met top business leaders and addressed
the India-Israel Business Summit in Mumbai.
at the power breakfast with the select chief executives of Indian companies,
Israeli Prime Minister said, the future belongs to those who innovate and
therefore it is crucial that business leaders of both countries meet.
Describing his India tour as extraordinary, Mr. Netanyahu said, his country has
a deep and abiding respect for India, it's people and culture.
Netanyahu laid wreath at the memorial of the 26/11 terror attack victims at
Mumbai’s Taj Mahal Palace Hotel this afternoon. He was accompanied by
Maharashtra Chief Minister Devendra Fadnavis. He then proceeded to visit
Nariman House, where he met 11-year-old survivor Moshe Holtzberg. Moshe's
father and mother were killed at the Nariman House during the 2008 attacks. Mr.
Netanyahu is in Mumbai on the final leg of his six-day visit to India. More
from our correspondent.
the highlights of today’s visit by Prime Minister Benjamin Netanyahu was his
visit to Nariman House where he met one of the youngest survivor of the 26/11
Mumbai terror attacks, Moshe Holtzberg. Addressing the Jewish Community in
Hebrew, Mr. Netanyahu said the community centre is a unique blend of love and
hatred towards the people of Israel. Earlier today, Mr. Netanyahu addressed the
India-Israel Business Summit, where he termed India-Israel’s partnership as the
one made in heaven and one which rests on shared values of love for humanity,
democracy and freedom. He reiterated the importance of innovation, a subject he
also touched during his 'power breakfast' meet with select captains of Indian
future belongs to those who innovates. Israel is a innovation nation. India is
a innovation nation. We must be innovative nations to seize the future. If we
don't we fall back. If we do, we will find the future. we can do so better
wind up his trip, Mr. Netanyahu is currently hosting the Shalom Bollywood event
at Taj Mahal hotel. NISHA RANEY, AIR NEWS, MUMBAI."
Eighteen children have been selected for National
Bravery Awards, 2017. The awardees include seven girls. Three of the awards
will be given posthumously. The coveted Bharat Award will go to sixteen year
old Kumari Nazia of Uttar Pradesh. She showed courage in collecting evidence
against the illegal business of gambling and betting and passed on information
to the Police which led to the arrest of all the people involved in the racket.
The prestigious Geeta Chopra Award has gone to 14-year
old late Netrawati M. Chavan for saving two young boys from drowning.
16-year old Karanbeer Singh of Punjab has been
selected for Sanjay Chopra Award for displaying outstanding bravery and saving
lives of 15 school children.
The brave children will receive their awards from
Prime Minister Narendra Modi on the 24th of this month. They will also
participate in the Republic Day Parade. President Ram Nath Kovind will host a
reception in their honour.
Information and Broadcasting Minister Smriti Irani has said that in the world
of celluloid, some create movies out of love for creativity, while others
resort to disruption as a marketing stunt. She said this during her interaction
in the "Thinkedu" Conclave in Chennai. The Conclave was organized by a English daily
on the topic "Does our education system encourage creativity". Ms Irani said it is not essential that
creativity should be at loggerheads with the society. She also stressed that
creative world has to respect counter-views.
are creater who create for the love of creating and there are creaters who
positioned themselves as disrupters because it is great marketing strategy. So
its not essential that creativity is always at logger heads with society. There
are creaters in this country in this world, who want to connect people through
creativity. We have to many cylose in which creative artists work. Some who
want to join people, some who want to provoke, some who want to recreate and
some who want to bring something absolutely new knowing if he had to disrupt
but compelled him to think differently."
Rajasthan government today said, it will study the Supreme Court’s order
staying the ban on the release of controversial film 'Padmaavat' and then only
a decision on revision can be taken. Rajasthan Home Minister Gulab Chand
Kataria said, he will study the apex court order and talk to the law department
and legal experts.
Apex Court today cleared the decks for the all-India release of controversial
movie 'Padmaavat' on the 25th of this month. A bench, headed by Chief Justice
Dipak Misra, stayed the orders issued by Rajasthan and Gujarat governments
prohibiting the release of the film. It also restrained any other state from
issuing any such notifications and orders. The bench observed that the states
are obliged to maintain law and order.
the Stock Markets, Sensex and Nifty posted record highs for the second straight
day, today; and the rupee ended marginally higher, against the dollar.
Sensex at the Bombay Stock Exchange advanced 178 points, or 0.5 percent, to
close at an all-time high of 35,260. The Nifty rose 28 points, to another peak
of 10,817. At the forex market, the rupee gained 2 paise, to 63.86 against the
dollar. Gold lost 150 rupees, to 30,950 rupees per 10 grams at in Delhi. And
Brent crude futures continued to trade at 69.38 dollars a barrel. Arjun Chaudhuri,
Jammu & Kashmir, a foreign tourist skier was killed after a snow avalanche
struck Affarwat peak near 2nd phase of Gondola cable car project at famous
tourist resort Gulmarg in Baramulla district today.
senior police official told AIR that the incident occurred when two foreign
tourists were skiing on snow slopes in the area.
official confirmed that one skier Daniel from Sweden died. Another trapped
skier Benjamin, also from Sweden was rescued by the Ski Rescue Team of J&K
Kazakhstan, 52 people were killed today after a bus in which they were
travelling caught fire in the Aktau region. The Interior Ministry said, only 5
passengers managed to escape. It said, the nationality of the passengers is not
known. Local media, however, said the bus was believed to have been carrying
Uzbek citizens to or from Russia.
Indian captain Virat Kohli has been named the world
cricketer of the year at the ICC annual awards announced in Dubai today. Kohli
first won this award in 2012. This is the second time in succession that an
Indian has won the overall cricketer of the year award. Spinner Ravichandran
Ashwin had claimed the honour last year.
Kohli also bagged the top honour for ODI players.