Around the Globe

Around the Globe

Transporters lose `2,000 cr as truck strike begins

Truckers went on a two-day strike from Monday hitting supplies across India; with transporters body AIMTC claiming a loss of Rs 2,000 crore to the sector. Truck operators across the country are on a two-day token strike against the goods and services tax (GST), high diesel prices, harassment by authorities on roads and toll policies, said the All India Motor Transport Congress (AIMTC).

Private jet glut spurs ‘insane’ bargains for aspiring buyers

Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc – which is also contending with rising hurdles in its commercial-jet business – have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough to halt declines in aircraft values, say consultants, brokers and analysts in the $18 billion industry.

Ball in your court, weakened May tells EU on Brexit talks

British Prime Minister Theresa May told the European Union on Monday the “ball is in their court” in Brexit talks, trying to advance negotiations despite a party conference that left her weaker than ever.

May’s keynote speech at last week’s conference, meant to revive her premiership, was marred by a repetitive cough, a prankster handing her a bogus employment termination notice and a stage malfunction. That came after May called a snap election in June and lost her party its majority in parliament.

Expedite probe in coal allocation scam cases: SC

The Supreme Court today asked the Central Bureau of Investigation and the Enforcement Directorate to expedite probe in the coal allocation scam cases, saying they should devise some method to deal with them.

Govt asks taxpayers to file final July GST returns by tomorrow

The government today asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.

"An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July.

"Taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately," the finance ministry said in a statement.

Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer shall get auto populated.

No need for separate SIT to probe Panama papers leak matter: SC

The Supreme Court today ruled out setting up of a separate Special Investigation Team to probe the alleged revelation of offshore accounts of Indians in Panama papers leak, saying the multi-agency group set up by the government was already looking into the matter.

ICICI Bank commits Rs 10 cr for welfare of armed forces

) Country's largest private sector lender ICICI Bank today committed a financial assistance of Rs 10 crore to the Indian Armed Forces.

The fund will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation, ICICI Bank Managing Director and CEO Chanda Kochhar said in a statement.

The contribution would be made in two equal tranches by the bank as part of its Corporate Social Responsibility (CSR) initiative.

China urges India to abide by historic treaty on border

China today referred to the 1890 UK-China treaty which it claims demarcated the Sikkim sector of the Sino-Indian border as it urged New Delhi to abide by its provisions, a day after Defence Minister Nirmala Sitharaman made her maiden visit to the Nathu La post.

Reacting to Sitharaman's visit to the area, the Chinese foreign ministry today said "the Sikkim section of the China- India border has been demarcated by the historical boundary".

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