The Goods and Services Tax (GST) Council, at its 10th meeting on 18 February 2017, ratified the draft law for compensation to states. However, it could not ratify the three enabling laws — Integrated GST (IGST), State GST (SGST) and Central GST (CGST) draft laws because of some contentious issues that cropped up.
As Indian Air Force has taken delivery of its first indigenous "eye in the sky" Netra — Airborne Early Warning and Control System (AEWCS) — its developer says an advanced version with a 360-degree sweep — against the present 240 degrees — is on the cards.
JLL (NYSE: JLL) has again been named to FORTUNE magazine’s World’s Most Admired Companies list. The list is a major authority on corporate reputations compiled each year by FORTUNE and Korn Ferry Hay Group through a survey of top executives, directors and financial analysts.
The Supreme Court directed companies such as Google, Yahoo and Microsoft to set up mechanisms to address complaints about content on gender selection kits thrown up by their Internet search engines. Such kits and ads are banned in India and promoting those is an offence.
The government has cleared the way for the first major banking consolidation in the country, by approving the merger of five associate banks with the State Bank of India. However, the merger, which will create a banking behemoth, does not include Bharatiya Mahila Bank.