Two years of GST: Govt to introduce new reforms in indirect tax regime on July 1On the second anniversary of Goods and Services Tax (GST) on July 1st, the Ministry of Finance will launch some reforms in the indirect tax regime, including a new return system, rationalisation of cash-ledger system and a single refund-disbursing mechanism, among others. Minister of State for Finance and Corporate Affairs Anurag Thakur will also give a presentation on the occasion. One of the key reforms, which will be introduced today, is the pilot on 'new return filing' system, which will enable traders to file returns in a single format once a month instead of multiple ones.Mann Ki Baat 2.0 Live: PM Modi says India stares at water crisis; urges people to start innovative campaigns to save itDays after the BJP-led NDA formed a new government at the Centre, Prime Minister Narendra Modi made a comeback with his monthly programme 'Mann Ki Baat' on Sunday. The Prime Minister talks about social issues through this programme. In this episode PM Modi stressed on saving and conserving water. He appealed to Indians to create awareness about water conservation and share knowledge of traditional methods of water conservation.Google found guilty of misusing Android dominance in India, CCI orders wider probeGoogle appears to have misused its dominant position in India and reduced the ability of device manufacturers to opt for alternate versions of its Android mobile operating system, Indian officials found before ordering a wider probe in an antitrust case. A 14-page order from the Competition Commission of India (CCI), reviewed by Reuters this week, found Google's restrictions on manufacturers seemed to amount to imposition of "unfair conditions" under India's competition law.After surprise Trump-Kim meeting, U.S. and North Korea to reopen talksU.S. President Donald Trump became the first sitting U.S. president to set foot in North Korea on Sunday when he met its leader, Kim Jong Un, in the Demilitarized Zone (DMZ) between the two Koreas and agreed to resume stalled nuclear talks. Trump and Kim then held a closed-door meeting for nearly an hour. Both sides would set up teams to push forward stalled talks aimed at getting North Korea to give up its nuclear weaponsTrump says China trade talks 'back on track,' new tariffs on holdThe United States and China agreed to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table, Trump saidPrice Waterhouse resigns as statutory auditor of Eveready IndustriesPrice Waterhouse & Co Charted Accountants LLP has resigned as the auditor of Eveready Industries India Ltd citing its inability to assess enough audit evidence regarding the impact of inter-company financial support extended by the battery maker to its promoter group companies.Relief to households! LPG Gas cylinders to cost Rs 100 less from todayLPG cylinders will cost cheaper by Rs 100.50 from today, the Indian Oil Corporation (IOC) said in its release. The non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder instead of earlier price of Rs 737.50. The move will bring major relief to households who use LPG cylinders across the country.Ola, Uber's ride-sharing services get a brake in KarnatakaThe transport department of Karnataka has prohibited Ola and Uber from continuing their pool services in the state. In a close-door meeting, the Karnataka transport department told ride-hailing firms-Ola and Uber that their carpooling services are illegal as there was no provision in the transport rule for 'carpooling service' in the state, thus, the companies have violated the Motor Vehicle Act.
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