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India plans to offer incentives to companies moving from China
Wednesday, June 26, 2019, 8:30 AM
India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said. Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private.
Inter-state office services to come under GST net
Wednesday, June 26, 2019, 8:28 AM
The government is set to make it clear that services provided by an office of an organisation in one-state to another office in another state will face GST. A circular to this effect, endorsed by GST Council, will be issued soon, a-government-official told ET. Experts also said issue of cross charge is leading to a lot of confusion on the ground and avoidable paperwork.
Next British PM to be announced on July 23: Conservative Party
Wednesday, June 26, 2019, 8:27 AM
The winner of the contest to replace Theresa May as leader of Britain's ruling Conservatives and PM will be announced on July-23, the ruling party said. Former foreign minister Boris Johnson is the favourite in the race, battling Britain's current top-diplomat, Jeremy Hunt. Once a successor is confirmed, May would be expected to visit Queen Elizabeth II to formally tender her resignation as premier.
