Popular Articles

DoT again seeks Pranab's help on 3G spectrum issue
The Department of Telecommunications (DoT) has again put the onus of deciding the number of slots to be auctioned for 3G spectrum on Finance Minister Pranab Mukherjee.

Dual rated dual GST
The long-awaited meeting of the Empowered Committee of State Finance Ministers (EC) was recently held in Delhi and, as was perhaps expected, the EC has come out with a recommendation on what can legitimately be called a “Dual Rated Dual GST System”. There were expectations in certain quarters that the dual GST would be a single rated one at the Federal and the State level for both goods and services. This has not been possible and the EC has now come out with a dual rate model for goods. There has been no mention of whether there will be a dual rate for services as well but the understanding and expectation is that services will be taxed at just the one rate, at the Federal and State levels respectively. This article discusses the dual rate dual GST model for goods in some detail.

News of the day

Bharti acquires 70% stake in Warid Telecom
Telecom major, Bharti Airtel, has announced that it has agreed to acquire 70% stake in Bangladesh-based, Warid Telecom. Bharti plans to make $300 million fresh investment in the company, thus taking the overall investment to $1 billion. The new funding will be for capacity expansion, coverage and innovative products.
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Another attack on Indian in Australia

In yet another attack on Indian students here, a 22-year-old youth was punched on his face by a group of Australians, who also told the victim that "in this place there is no home for you". - Heartbreak! - Wipro buys select Yardley biz for $45.5mn - Another Indian student attacked in Australia - Australia raises benchmark interest rate to 3.5% - Asian stocks fall on stimulus concern, UBS loss - Australia raises rates for second month in a row Sai Ratan Tiwari, who hails from Jabalpur in Madhya Pradesh, was on his way to a temple along with a friend yesterday when two Australians stopped him and asked where they were going. "I told them I was going home instead of disclosing that I was going to a temple," said Tiwari, who arrived here a year ago to persue Bachelors of Information Systems. Tiwari, a student of Ballarat University, said he was scared to disclose that he was visiting a temple. "They punched on my face and told me "in this place there is no home for you"," he said, adding he refused to go to hospital and instead was treated by an on-site ambulance. He said while his friend was trying to make a phone call to police, the attackers snatched the phone and fled the scene. "We called the police. They arrived after 10 minutes and after that the ambulance arrived. I was unconscious because I had lost a lot of blood," Tiwari said. He said he has already contacted the Indian Consulate General"s office here which has given him a doctor"s number for any further treatment. The incident has already been reported to Frankton Police Station. Tiwari is the latest victim of racial attacks in Australia. Last week, 36-year-old Amrit Goyal, an engineering student, was racially abused by a group of Australians, including a woman, who also punched him in his left eye. More than three dozen Indian students have been attacked in various Australian cities since June this year.


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