20-03-2017

the hindu
1.Last gasp tasks.

After the agreement on all GST bills, therate fitment process needs to be addressed

At its twelfth meeting last Friday, the Goods and Services Tax (GST) Council cleared all the requisite State and Central-level legislative measures to implement the indirect tax regime. The State and Union Territories’ GST bills were approved along with necessary corrections to the three other GST Bills the Council had cleared previously — for Central GST, Integrated GST and compensation to States through a cess. This paves the way for State Assemblies and Parliament to ratify these laws quickly in order to meet the proposed July 1 rollout date for the system. Finance

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2.Doubts raised over second IFSC’s viability.

DEA comments sought on Maharashtra’s proposal for an International Financial Services Centre

The Commerce Department has asked the Department of Economic Affairs (DEA) to comment on the feasibility of having more than one International Financial Services Centre (IFSC) in India.

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tio
1. Shed The Indus Albatross

As the UK goes to vote on June 23 to decide whether the country should be part of the European Union or not, read more

2. Govt steps up efforts on quicker exit for start-ups
Draws Up Several Other Initiatives To Ease Fund Crunch
The government is working on a fresh set of initiatives for startups, including rolling out norms for resolution of companies that are facing financial stress within 90 days and new tax proposals. Sources told TOI that the department of industrial policy and promotion (DIPP) will hold consultations over the next few days to provide a further boost to startups, including norms for allowing them to raise more debt from promoters.

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tie
1.Playing the great Chinese corridor game.

China hosted India for the first-ever bilateral strategic dialogue this February, an institutional platform where key issues were discussed. Notwithstanding the unresolved disputes between the nations,
the dialogue was no less than a victory in that India and China successfully established a platform for discussing issues that concern the strategic stability of Sino-Indian relations.  read more

2.Govt should stop being a compulsive litigant’

NEW DELHI: Worried about the high number of pending cases in courts, Union Law Minister Ravi Shankar Prasad has appealed to his Cabinet colleagues to ensure that court cases are filed after taking a careful and considered view since the government is party in nearly 46 per cent of the cases.  read more

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