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Hit by vacant posts, govt extends tenure of CBI officials

Sunday, July 22, 2018, 11:43 PM

Facing vacancies at the rank of joint directors (JD), the Central Bureau of Investigation got a breather from the Central Vigilance Commission (CVC) which gave a go-ahead to extend the tenure of some key officers, including those who have worked closely in some high-profile cases as part of special director Rakesh Asthanas team.
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APac nations push India to end duties on 90% trade goods

Sunday, July 22, 2018, 11:08 PM

India is under pressure from 15 other Asia-Pacific countries, including China, to commit to eliminate duties on at least 90% of goods it trades with them under the Regional Comprehensive Economic Partnership (RCEP) being negotiated. These countries want to conclude the pact this year and say this is the last window of opportunity as India will get into election mode very soon.
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E-comm companies may face tax audit on GST rate cuts

Sunday, July 22, 2018, 11:04 PM

E-commerce companies such as Amazon and Myntra are likely to face an audit by tax authorities to check if they have passed on cuts in GST rates to consumers. The GST Council had slashed tax rates on a host of household products such as chocolates, toothpaste, shampoo, washing powder and shaving creams to 18% from 28% in November last year.

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