
Balochistan: Farmers slam govt over solarisation funds, warn of crisis

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Hans India
13 minutes ago
- Hans India
GoM accepts 2-slab GST structure proposal, final decision with Council meet next month
New Delhi: A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs. The proposal, placed before the six-member GoM led by Bihar Deputy Chief Minister Samrat Choudhary, aims to replace the current four rates of 5, 12, 18 and 28 per cent with just two main slabs. Under the new structure, 'merit' goods and services will attract 5 per cent GST, while most other items (standard) will come under an 18 per cent standard rate. A higher 40 per cent levy will remain on a small set of so-called sin goods. Examples include alcohol, tobacco, drugs, gambling, soft drinks, fast food, coffee, sugar, and even pornography. A sin tax is a special tax that the government puts on such goods. The purpose is to discourage people from using them and to reduce the harm they can cause. Finance Minister Nirmala Sitharaman, addressing the two-day GoM meeting earlier, had said that a simplified system would benefit the common man, farmers, the middle class and small businesses, while also making GST more transparent and growth-oriented. As part of the changes, almost all items currently in the 12 per cent category will move to the 5 per cent slab. Similarly, most products taxed at 28 per cent will shift to the 18 per cent bracket, which the Centre believes will improve compliance and reduce complexity. The GoM also reviewed the Centre's suggestion to exempt GST on individual health and life insurance premiums. While most states supported the idea, they flagged the need for strict oversight to make sure insurance companies actually pass on the benefit to customers. The exemption is estimated to cost about Rs 9,700 crore in annual revenue. The final decision on the recommendations will be taken by the GST Council in its next meeting slated for September.
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First Post
13 minutes ago
- First Post
‘Not India, but China biggest buyer of Russian oil and Europe of LNG': Jaishankar in Moscow
Amid international scrutiny, Jaishankar on Thursday said that India is neither the top buyer of Russian oil nor LNG, pointing to China and the EU instead, and defended the energy trade as essential for market stability Amid continued international scrutiny over buying Russia oil, External Affairs Minister S Jaishankar on Thursday firmly defended India's energy trade practices, saying that it's not India but China and European Union that are the largest purchasers of Russian oil and liquefied natural gas (LNG), respectively. Moscow | During a press briefing, External Affairs Minister Dr S Jaishankar says, "...We are not the biggest purchasers of Russian oil, that is China. We are not the biggest purchasers of LNG, that is the European Union. We are not the country which has the biggest trade surge… — ANI (@ANI) August 21, 2025 STORY CONTINUES BELOW THIS AD Addressing a joint press briefing alongside Russian counterpart Sergei Lavrov, Jaishankar said, '…We are not the biggest purchasers of Russian oil, that is China. We are not the biggest purchasers of LNG, that is the European Union. We are not the country which has the biggest trade surge with Russia after 2022; I think there are some countries to the South.' Highlighting the broader global energy context, Jaishankar said that India's actions are aligned with calls from the United States to help stabilise global energy markets. 'We are a country where the Americans have said for the last few years that we should do everything to stabilise the world energy market, including buying oil from Russia,' said Jaishankar. Jaishankar further said that India continues to expand its energy imports from other sources as well. 'Incidentally, we also buy oil from the US, and that amount has increased,' he added. Questioning the rationale behind the criticism of India's energy strategy, he said, 'So honestly, we are very perplexed at the logic of the argument that you (the media) had referred to.' STORY CONTINUES BELOW THIS AD Jaishankar is in Moscow on a three-day visit for the annual bilateral dialogue, laying the groundwork for President Vladimir Putin's expected visit to India later this year. The visit comes amid rising tensions between both countries and the US. New Delhi has faced criticism from Washington, particularly from President Donald Trump, for its purchases of discounted Russian oil, seen by the US as indirectly financing the war in Ukraine. Trump has doubled India's tariff to 50 per cent by imposing an additional 25 per cent levy on the previously announced 25 per cent. India has defended its oil trade with Russia, arguing for its right to buy from the most affordable source to manage inflation. Meanwhile, Prime Minister Narendra Modi has called Putin a 'friend' and is also set to visit China later this month to meet President Xi Jinping — his first trip there in seven years — signaling a shift in India's strategic balancing. STORY CONTINUES BELOW THIS AD With inputs from agencies


Time of India
22 minutes ago
- Time of India
Owaisi slams Modi govt's ‘flip-flops': AIMIM chief claims India left weaker in ties with China; Wang Yi's visit sparks row over Taiwan remarks
AIMIM MP Asaduddin Owaisi addresses a press conference, in Hyderabad on Wednesday. (ANI Video Grab) NEW DELHI: All India Majlis-e-Ittehadul Muslimeen ( AIMIM ) chief Asaduddin Owaisi on Thursday criticised the Centre's foreign policy on China, alleging that India has been left in a 'weaker' and 'inferior' position on the global stage during the past 11 years of the Modi government. The remarks come days after Chinese foreign minister Wang Yi visited India from August 18 to 19, during which he co-chaired the 24th round of the Special Representatives' dialogue on the Boundary Question with national security advisor Ajit Doval, and also held bilateral talks with external affairs minister S Jaishankar. Wang Yi later called on Prime Minister Narendra Modi. In a post on X, Owaisi posed several questions to Jaishankar over the government's stand on Taiwan, China's military assistance to Pakistan, and India's widening trade deficit with Beijing. 'Why did @DrSJaishankar tell his Chinese counterpart that 'Taiwan is part of China'? We had stopped saying so after 2011, once Beijing started giving Staple Visas to certain Indians. Has China announced a change in its Visa Policy?' Owaisi asked. He went on to question whether China had agreed not to provide military support to Pakistan 'as it did during the recent military clash with us,' adding, 'Have we not insisted to Beijing that we can't be friends if it hurts through Pakistan?' On trade, the AIMIM chief demanded to know, 'What has China promised to ensure that the massive Trade Deficit in its favour is reduced? Or are we going to promote more bilateral trade to further increase the trade deficit?' 'The Modi government's China policy has been a series of flip-flops, which has left India weaker & in an inferior position after 11 years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury 2, 3 & 4 BHKs in Panvel by Hiranandani Hiranandani Fortune City Get Info From Territory to Trade, India has suffered in all domains. The lack of answers from the government is an acknowledgement of its failures,' Owaisi alleged. Government sources, however, maintained that there is no change in India's position on Taiwan. 'We stressed that, like the rest of the world, India has a relationship with Taiwan that focuses on economic, technological and cultural ties. We intend to continue it,' they said after China's readout of the Jaishankar-Wang Yi meeting claimed that the minister had affirmed Taiwan is part of China. During the visit, both sides agreed to re-open border trade through Lipulekh Pass, Shipki La Pass and Nathu La Pass, resume direct flights between India and China, and finalise an updated Air Services Agreement. They also agreed to facilitate visas for tourists, businesses, media and other visitors. The Chinese side also welcomed Prime Minister Modi's participation in the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, while India reaffirmed full support to China's SCO Presidency.