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India good investment destination, GST expected next year: Modi

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Kuala Lumpur, 14 Dec 2016 : Describing it as an opportune time to invest in India, Prime Minister Narendra Modi on Wednesday invited Asian businesses to invest in the country and said the GST regime is expected to be implemented next year.

“India is not only a good destination. It’s always a good decision to be in India. We welcome those who are not in India so far,” Modi said through videoconferencing at the Economic Times Asian Business Leaders Conclave here.

“This is a time for integration. At the level of economy also, we are among the most open and integrated economies,” Modi said.

Listing some of his government’s reform measures for transforming the Indian economy, the Prime Minister mentioned the recent demonetisation drive that has impacted economic activity in the past one month.

“We are now moving towards a digital and cashless economy. Presently, cleaning the system of black money and corruption is very high on my agenda,” he said.

On the Goods and Services Tax (GST) system, he said: “The constitutional amendment for Goods and Services Tax has been passed. This is expected to be implemented in 2017.”

The November 8 demonetisation of high-value currency has, however, put a serious question mark on GST implementation by the Centre’s targeted deadline of April 1, 2017.

With the two-day meeting of the GST Council — that was scheduled to end on Monday — being cut short half way through, hopes of meeting the targeted GST implementation deadline receded further in a situation of political confrontation unleashed by the government’s demonetisation measure.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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