Sun, Jul 23, 2017 | updated 10:24 PM IST

Cabinet clears amendments in GST Bill, drops 1% additional tax on inter-state sales

Updated: Jul 27, 2016 22:34 IST      
Cabinet clears amendments in GST Bill, drops 1% additional tax on inter-state sales

New Delhi, July 27 (ANI): Union Cabinet today approved amendment in Goods and Services Tax Bill and dropped one percent additional tax on inter-state sales as proposed in the current bill.

According to reports, the Cabinet also agreed to include the mechanism of compensating states for all loss of revenue for five years in the bill after the roll out of the new indirect tax regime.

The Bill in its present form provides 100 per cent compensation to states by the Centre for first three years, 75 per cent for fourth year and 50 per cent for the fifth year.

Union Cabinet has also approved setting up of new All India Institute of Medical Sciences in Bhatinda, Punjab.

It will have 750 beds capacity and incur an expenditure of 925 crore rupees. The super specialty hospital will be built under the Pradhan Mantri Swasthya Suraksha Yojana.

The Cabinet also approved to raise foreign shareholding limit from 5 percent to 15 percent in Indian Stock Exchanges and approved the revised cost estimate to over 3727 crore rupees for the National Automotive Testing and research and development Infrastructure Project (NATRIP).

This approval ensures completion of the NATRIP projects for the establishment of the global test centres in India.

The initiative will address the research and development requirements of the automotive industry, full-fledged testing and homologation centres.

The NATRIP project is required to adopt global best practices to ensure road safety and environmental protection.

The Cabinet also approved the Policy for award of waterfront and associated land to port dependent industries in major ports and its operationalization.

The Policy will result in uniformity and transparency in the procedure for awarding captive facilities.

It will enable optimal utilization of capacities in major ports and increase revenue to the Major Port Authority.

The ambit of the Policy includes creation of new assets as well as utilization of currently unutilised existing assets such as vacant berths. The Policy will be applicable to all the Major Ports.

Besides, the Cabinet has approved the amendment in relevant clauses of the Central Agricultural University Act (CAU), 1992 to include State of Nagaland under the jurisdiction of CAU, Imphal.

After inclusion of Nagaland under jurisdiction of the Central Agricultural University, Imphal, the College of Veterinary Sciences in Nagaland will produce the much-needed professional manpower in the fields of animal husbandry, which will facilitate socio-economic growth in the region.

The new college will help familiarize the farmers with new techniques, thereby contributing to the production and productivity of domestic animals in the State of Nagaland. (ANI)

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New Delhi [India],July 23 (ANI): Union Petroleum Minister Dharmendra Pradhan on Sunday lauded the Jawaharlal Nehru University (JNU) authorities for organising an event for Kargil martyrs, while saying that it was a proud day for every citizen of the country.

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Pranab Mukherjee's advice must be implemented: Cabinet

Updated: Jul 23, 2017 21:05 IST     

New Delhi [India], July 23 (ANI): Union Minister of Steel Choudhary Birendra Singh on Sunday said that what outgoing President Pranab Mukherjee shared in the Parliament during his farewell was based on his experience and must be implemented in the democracy to make the Parliament stronger.

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Kashmir CPM leader Tarigami suffers heart attack

Updated: Jul 23, 2017 20:50 IST     

Srinagar (Jammu and Kashmir) [India], Jul 23 (ANI): Communist Party of India (Marxist) (CPM) leader and MLA from Kashmir Kulgam M.Y. Tarigami on Sunday was admitted at a hospital after he suffered a severe heart attack.

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RSS Muslim wing to launch agitation asking Pak to vacate PoK

Updated: Jul 23, 2017 19:33 IST     

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New Delhi [India], July 23 (ANI): The ongoing protest by the Delhi Metro Rail Corporation's (DMRC) non-executive employees was called off on Sunday after all the issues raised by the agitating employees were amicably settled following many rounds of meetings and deliberations with Managing Director Mangu Singh and other senior officials.

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New Delhi[India], July 23 (ANI): Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Sunday said the Centre is make all efforts to trace the 39 Indians held captive by terror group ISIS in Mosul since 2014.

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RJD denies rift in the 'Grand Alliance'

Updated: Jul 23, 2017 15:32 IST     

New Delhi [India], July 23 (ANI): After Nitish Kumar met Congress Vice-President Rahul Gandhi on Saturday amidst growing speculation of a rift between the two parties, the Rashtriya Janata Dal (RJD) has denied all the allegations that there is an air of tension in the 'Grand Alliance'.

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Search ops underway for 39 missing Indians: Iraq

Updated: Jul 23, 2017 15:03 IST     

New Delhi [India], July 23 (ANI): The Iraq Embassy to India on Sunday has informed that search operations are underway to locate the 39 missing Indians who were taken as prisoners by ISIS in 2014, further assuring there is a high level coordination between Iraqi and Indian concerned authorities to locate them.

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New Delhi [India], July 23 (ANI): Bahujan Samaj Party (BSP) Supremo Mayawati on Sunday said volunteer meet will be held on 18th of every month starting from September in 18 divisions in Uttar Pradesh.

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