India's Modi to meet China's top diplomat
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India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the principle of "one nation, one tax, one market". It was hailed as the biggest tax reform since independence from Britain in 1947.
The meeting highlighted India’s emphasis on border peace, China’s invitation to PM Modi for the SCO Summit and the growing momentum in bilateral ties since the Kazan meeting with President Xi
According to sources, Modi asserted, "Nehru partitioned the country once, and then again. Under the Indus Waters Treaty, 80 per cent of the water was given to Pakistan. Later, through his secretary, Nehru admitted his mistake, saying that it brought no benefit."
By Nikunj Ohri, Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi's deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.
The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.
India’s Prime Minister Narendra Modi announced tax cuts, pledged policy reform and urged the citizens to design and produce high quality goods at home, in a sweeping Independence Day speech that blasted rising “economic selfishness” in the world.
During his Friday speech, Modi also hinted India would continue its unilateral suspension of the Indus Water Treaty. The treaty, which India suspended after the April massacre, allows sharing of the Indus River that runs about 2,897 kilometers (1,800 miles) through South Asia and is a lifeline for both countries.
Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as boosting his his image amid trade tension with Washington.
"The bear hugs have gone. The smiles have curled into sneers." The former friendship between Donald Trump and Indian PM Narendra Modi has descended into acrimony, said Amrit Dhillon and George Grylls in The Times.
Indian Prime Minister Narendra Modi will meet with China’s top diplomat on Tuesday in a sign of easing tensions after a yearslong standoff between the nuclear-armed neighbors.