Citizens' Issues
Bihar court orders FIR against Farooq Abdullah
A Bihar court on Saturday ordered the filing of an FIR against former Jammu and Kashmir chief minister Farooq Abdullah over his recent remarks that allegedly insulted the Indian Army.
 
Abdullah, also a former union minister, on November 27 in Jammu said: "Pakistan administered Kashmir will remain a part of Pakistan and Jammu and Kashmir that of India". 
 
Local lawyer Thakur Chandan Kumar filed a case against Abdullah over the statement, which he felt insulted the Indian Army and violated the constitution.
 
The court of the chief judicial magistrate in Sitamarhi district, after hearing the case, ordered that an FIR be filed against Abdullah in Dumri police station.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

40% sin tax will force factories' shutting down: Coca Cola

Chief Economic Adviser (CEA) Subramanian-headed committee on GST recommended a sin tax of 40% on aerated drinks, tobacco and luxury cars while the suggested standard GST rate is 17%-18%

 

Beverages giant Coca Cola India on Friday said it will have no other option but to shut down some of its factories if a sin tax of 40% is imposed on aerated drinks within the proposed Goods and Services Tax (GST).
 
"An acceptance of the Arvind Subramanian committee recommendations with regard to GST rate of 40% on aerated beverages, will have a negative ripple effect on the entire beverage ecosystem," said Coca Cola India in a statement.
 
Chief Economic Adviser (CEA) Subramanian-headed committee on GST recommended a sin tax of 40%  on aerated drinks, tobacco and luxury cars while the suggested standard GST rate is 17%-18%.
 
The soft drink behemoth noted lakhs of retailers, thousands of distributors, transporters, cold drink equipment manufacturers, farmers and producers of raw materials for the industry and the whole forward and backward supply chain systems will suffer as it contended the separate sin tax component for certain products is not in line with the single GST rate aspiration of the CEA headed committee.
 
"This is not in line with the 'Make in India' programme launched by the government of India, which recognizes 'Food Processing' as an important sector within the program and specifically mentions our industry under the line item category of 'Consumer food: packaged food, aerated soft drinks, packaged drinking water' and also 'Beverages: fruit-based and cereal-based'."
 
Reiterating its commitment to India, it said it plans to invest $5 billion by the end of 2020, having already invested $2.5 billion and running 57 factories supporting 7,000 distributors, 30 lakh retailers and creating direct and indirect employment to more than 200,000 people
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

User

Bullet trains apart, India needs high-speed growth: Modi
Apart from bullet trains, India needs high-speed growth, said Prime Minister Narendra Modi on Saturday while addressing business leaders of India and Japan here with his Japanese counterpart Shinzo Abe.
 
The visit of Abe, who arrived here on Friday on a three-day official sojourn, is expected to see progress towards India's first bullet train.
 
Prime Minister Modi emphasized that he wanted India and Japan to move ahead together, not just in the sphere of high-speed trains, but also for "high-speed growth".
 
Recalling his Japan visit last year, and the commitment of $35-billion investment made by Japan, Modi said the figure had surprised many at that time, but today, within a short time-span, "unimaginable progress" had been made, and the contours of this investment were beginning to get visible on the ground.
 
The Indian prime minister said "Make in India" was proceeding in mission mode, not just in India, but also in Japan. He said the "Japan Plus" initiative that was begun last year as a policy experiment, was also doing well.
 
Modi said recent economic indicators in both India and Japan were extremely encouraging, especially in the light of the global economic slowdown.
 
Stating that it was clear that India was a land of possibilities, Modi recalled Japan has been a part of many key economic turning points in India. He gave the examples of Maruti car, and the Dedicated Freight Corridor.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)