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ED slaps penalty on Syed Ali Geelani under FEMA

Friday, March 22, 2019, 3:21 PM

The Enforcement Directorate has levied a penalty of Rs.14.40 lakh and ordered confiscation of nearly Rs.6.8 lakh in connection with a FEMA case against Jammu and Kashmir-based separatist Syed Ali Shah Geelani, officials said Friday. The case pertains to Geelani in illegal possession of foreign exchange, a case which was being investigated by the ED under the Foreign Exchange Management Act (FEMA).
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Govt extends IGST, compensation cess exemption

Friday, March 22, 2019, 3:16 PM

Giving relief to exporters, the government has extended IGST (Integrated Goods and Service Tax) and compensation cess exemptions for goods procurement under certain export promotion schemes till March 2020. These exemptions have been extended for exporters buying inputs domestically or importing for export purposes under export oriented unit (EOU) scheme, Export Promotion Capital Goods (EPCG) scheme and advance authorisation.
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Two US Soldiers Killed In Afghanistan, Says NATO

Friday, March 22, 2019, 1:14 PM

Two US service members were killed in Afghanistan on Friday, NATO said, in the latest casualties to hit the international coalition amid ongoing peace talks between Washington and the Taliban. NATO's Resolute Support mission would not immediately release any details about the soldiers but said they had been killed during an unspecified "operation" in the country.

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