Cheat Sheet

  • How GST Will Benefit Consumers, Businesses: Your 10-Point Cheat-Sheet
    From July 1, the country will move to a new indirect tax regime as GST or goods and services tax will subsume nearly a dozen of central and state taxes. From the consumer's point of view, the biggest advantage would be in terms of reduction in overall tax burden on goods. For businesses, it means reduction in a multiplicity of taxes and a much simpler tax regime with fewer rates and exemptions. GST is being hailed as a potential "game-changer" for Indian economy. "GST will definitely change the way in which business operates. To that extent it is a major positive disruption, leading to more transparency and will make doing business easier," said Madan Sabnavis, chief economist with CARE Ratings, adding that in the short-term there could be some implantation challenges. Goods and services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent while some are exempt.
  • Inside World's Most Efficient Nuclear Reactor, Soon In India: 10 Facts
    Till recently, the nuclear reactor Russia's Zarechny, a town in the Ural mountains, was out of bounds - with a reason. It is the world's only commercially operating Fast Breeder Reactor. NDTV visited the facility for a glimpse of the reactor, which produces many times more energy from the same amount of fuel in comparison with conventional atomic reactors. The technology is coveted and Russia is the global leader in it. India is a close second. China is at least 10 years behind.
  • China Alleges Indian Troops Crossed Border, Blocks Mansarovar Pilgrims: 10 Points
    China today said it has blocked the entry of Indian pilgrims traveling to Kailash-Mansarovar in Tibet from the Nathu La pass, alleging that Indian troops have crossed the Sikkim border into Chinese territory and demanding their immediate withdrawal. A Chinese government spokesperson said diplomatic protests have been lodged with India both in New Delhi and Beijing. There has been tension at the border after Chinese troops crossed into Indian territory earlier this month and destroyed an old makeshift bunker, leading to a face-off.
  • 'PM Modi And I Are World Leaders In...': Donald Trump's Speech In 10 Points
    US President Donald Trump welcomed Prime Minister Narendra Modi to the White House on Monday as the leaders met for the first time. PM Modi, who is in US on the second leg of his three-nation visit, held one-on-one talks with the 71-year-old Trump at the Oval Office and later held delegation talks. Both of them then delivered a joint statement, where Trump said "I pledged that if elected, India would have a true friend in the White House. And that is now exactly what you have -- a true friend." However, the leaders did not take any questions from the reporters as was scheduled.
  • 'New India' Meets 'Make America Great Again': PM Narendra Modi's Speech In 10 Points
    Prime Minister Narendra Modi and US President Donald Trump addressed a joint press meet following their first meeting at the White House. Mr Modi was welcomed to the White House by Mr Trump and First Lady Melania Trump. The two then chaired delegation level talks at the White House's Cabinet Room. After the address, Mr Modi was hosted at a reception by First Lady Melania Trump, followed by a dinner at the White House.
  • Eliminating Terrorism Top-Most Priority, Says PM Modi At White House: 10 Points
    At their first ever meeting today, Prime Minister Narendra Modi and US President Donald Trump struck a common note on terrorism, saying eliminating it is among the top-most priorities for the two nations. In a joint briefing with President Trump after a one-on-one meeting and delegation-level talks at the White House, PM Modi said "We talked about terrorism, extremism and radicalisation and agreed to cooperate on this." Ahead of the meeting, the US State Department had declared Syed Salahuddin, chief of terror group Hizbul Mujahideen, a Specially Designated Global Terrorist in a move that India called a vindication of its stand against cross-border terrorism emanating from Pakistan.
  • Gross Misuse Of Power: Editors' Guild On Jail For Journalists - 10 Facts
    Lawmakers should "not act as complainant, prosecution and judge," the Editors' Guild of India said today, condemning last week's order of the Karnataka Assembly to arrest and fine two journalists for writing articles that it alleges are defamatory. The order, the Guild said, was a "gross misuse of powers and privileges of a state legislature". The journalists, Anil Raj and Ravi Belagere, who were punished with a fine and a year's jail term, have gone missing after the Karnataka police said they would carry out the assembly's order and arrest them.
  • How Will New Taxation System GST Work? Explained In 10 Points
    When GST or goods or services tax rolls out on July 1, it will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy are many. It is estimated that GST could raise GDP or gross domestic product growth by 1.5-2 per cent in the long term.
  • Drone Deal Likely To Be Announced In India-US Joint Statement: 10 Points
    A $2 billion deal for the US-based General Atomics to supply unarmed drones to India could be notified to the US Congress on Monday ahead of Prime Minister Narendra Modi's six-hour meeting with President Donald Trump in Washington today, and an announcement could be made in the joint statement that will follow. At the series of meetings today, the Indian side is expected to raise its concerns on the proposed overhaul of H-1B visas, used by thousands of Indians to work in the US. Officials also said they expect the Trump administration to take a tougher stance than ever before on Pakistan harbouring terrorist groups.
  • 'Not One Nation Questioned India's Surgical Strikes': PM Narendra Modi's Top Quotes In US
    Prime Minister Narendra Modi addressed the Indian community in Washington DC after meeting chief executives of major US companies on Sunday. In his speech, PM Modi spoke about the three years of his government and the growth of the foreign ministry through social media and technology. He also spoke about India's successful surgical strikes, pointing out that no country in the world questioned it. He also said that while India is a peace-loving and law-abiding nation, it will not hesitate to strongly retaliate when provoked.
  • 'Not A Single Stain On My Government,' PM Narendra Modi Tells US: 10 Points
    Prime Minister Narendra Modi spent Day One of his three-day US tour in meeting the industry titans and the Indian community in Virginia. At a round-table of 21 CEOs, he spoke of India's business-friendly face, highlighting reforms like the Goods and Services Tax or GST that would untangle a complex jumble of central and state taxes. Later, interacting with the expat Indians, he spoke of his government's "stain-free" reputation and growing international clout. "Not one country questioned India's surgical strikes (on terror launch-pads across the Line of Control)," he said.
  • As PM Modi Reaches US, President Trump Calls Him 'A True Friend': 10 Facts
    Prime Minister Narendra Modi is a "true friend" with whom he had "important strategic issues to discuss," US President Donald Trump tweeted today as the PM arrived in Washington DC for their first bilateral meeting on Monday. Thanking him for the "warm personal welcome", PM Modi, replying to President Trump's tweet, said "Greatly look forward to my meeting and discussions with you". Ahead of the much-anticipated meeting, the White House on Saturday said that it was "seeking to roll out the red carpet" for PM Modi, adding that it "will be the first dinner for a foreign dignitary at the White House under this administration".
  • Now, Your Bank Passbooks Will Have More Details: 10 Things To Know
    The Reserve Bank of India (RBI) has advised commercial banks to provide adequate transaction details in the passbooks of account holders. "In the interest of better customer service, it has been decided that banks shall at a minimum provide the relevant details in respect of entries in the accounts," the central bank said in a notification. The RBI said that many banks still do not provide adequate details of the transactions in the passbooks and/ or statements of account to enable account holders cross-check them.
  • Meira Kumar: Former Minister, Lok Sabha Speaker, Presidential Candidate
    The Opposition has pitched Congress's Meira Kumar against former Bihar Governor Ram Nath Kovind, forcing an election to choose the next President of India. The election will be held on July 17. Ms Kumar, from Bihar, is the daughter of Jagjivan Ram, the freedom fighter, Dalit leader and former deputy Prime Minister. The 72-year-old is a veteran politician. She had been a minister of the UPA government and later, was chosen unopposed as the Speaker of the 15th Lok Sabha. This evening, after her nomination, Ms Kumar said, "The collegium should decide the President in best interest of country, on principles and ideologies".
  • Meira Kumar vs Ram Nath Kovind For President, Voting On July 17: 10 Facts
    Meira Kumar, former Lok Sabha Speaker, will be the opposition's candidate for President against the BJP's nominee, Ram Nath Kovind. It was decided at a meeting of 17 parties chaired by Congress president Sonia Gandhi in Delhi on Thursday evening. As expected, the Opposition has turned the presidential election into a Dalit vs Dalit contest and Lalu Yadav has appealed to his partner and Bihar Chief Minister Nitish Kumar to change his mind on supporting the BJP's nominee. "The collegium should decide the President in best interest of country, on principles and ideologies," Meira Kumar said.

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