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DAILY NEWS ANALYSIS from THE HINDU 23rd September 2017 By Jatin Verma Educator Unacademy
News Articles. l. GSM-I: Social Issues: 2. GSM-2: Bilateral: India plans to train Afghan police officers. 3. GSM-2: Bilateral: Hasina floats Five-point peace plan. 4. GSM-2: Governance: S. GSM-2 Bilateral: 6. GSM-2: International: Defiant Iran unveils latest ballistic missile. 7. GSM-2: International: Strident Pakistan presses for UN envoy on J&K. 8. GSM-3: Indian Economy: Centre to hasten GST refunds. 9. GSM-3: Economy-WTO: Tap services potential to aid world economy' Nirbhaya scheme in disarray: Supreme court We start and finish projects: PAM Foreign Minister raises H-IB issue in U.S.
Page-10: Defiant Iran unveils latest ballistic missile. Iran's Revolutionary Guard unveiled its latest ballistic missile capable of reaching much of the Middle East, including Israel, while the country's President vowed that Tehran would press ahead with its missile program in defiance of U.S. demands to the contrary. The unveiling came during a military parade in Tehran that commemorated the 1980's Iraq-Iran war. The move was a direct challenge to U.S. President Donald Trump, who in August signed a Bill imposing mandatory penalties on those involved in Iran's ballistic missile program and anyone who does business with them. Though Iran has long boasted of having missiles in the same range in its arsenal, it was the first time that the Khoramshahr, with a range of 2,000 km was displayed in public. In February,Iran test-fired the same medium-range type of missile, prompting Mr.Trump to say that the United States is "putting Iran on notice
Mr.Trump has vowed repeatedly to take a tougher line toward Iran than his predecessor, threatening at various times to renegotiate or even dismantle the nuclear deal, and shoot Iranian boats out of the water if they provoke U.S. naval vessels in the Persian Gulf. In response to U.S. provocation at UNGA Mr. Rouhani addressed the parade in Tehran, saying that Iran would not halt its missile program but continue to boost military capabilities, despite U.S. demands. e Mr. Rouhani said, Iran will strengthen our defence and military capabilities whether U.S. wants it or not., a direct response to Mr. Trump's speech at the UN General Assembly this week Tehran has backed Yemen's Shia rebels known as Houthis against a U.S.-supported and Saudi-led coalition of mostly Arab states that seeks to return the internationally elected government to power.
Persian Gulf: KUWAIT AL KUWAYTBU AD I R A NN BandarBANDAR NAVAL ILASE AL MANAMAH BAHRAIN OMAN AD DAWHAH Dubayy NTL QATAR Gulf of Oman ABU DHABD NTL UNITED ARAB EMIRATES S A U DI A R ABI A OMAN
outhi Rebels strong-hold: 50 0 100200 km SYRIEN DIVISION IN YEMEN IRAK IRAN NIE N March 11,2012 KAWAIT Sa'dah BAHRAIN Kahian alSharaf YPTE \ SAUDI-ARABIEN TAR Sana'a V.A.E. nient fastoelegte Grenze daa Rawdah Al Houthi Rebels Locations of Control 20 Strong Presence (Province) Rotes Meer OMAN Southern Separatists Area ofAmed Activity Ansar al-Sharia& AQAP Taiz Shugra SUDAN Aden Locations of Control ERITREA JEMEN Strong Presence (Province) Based on reports, may be incomplete Arabisches Meer 5o ATHIOPIEN
Page-l: Strident Pakistan presses for UN envoy on Kashmir . Pakistan Prime Minister Shahid Abbasi's speech at UNGA Excerpts: [i] He sought the appointment of a special UN envoy on Kashmir, and accused India of human rights violations in Jammu and Kashmir. [ii]Pakistan blamed India and Afghanistan for the volatile security situation in the region, while denying charges that it is harbouring terrorists who target both the countries [iij He sought an international investigation into "India's crimes in Kashmir." Mr.Abbasi's claims and allegations were refuted by both India and Afghanistan at the UN General Assembly (UNGA). In a strongly worded reaction, India said Pakistan had become a "terroristan," and Jammu and Kashmir would remain an integral part of India. Eenam Gambhir, First Secretary in the Permanent Mission of India, said,"In its short history, Pakistan has become a geography synonymous with terror.The quest for a land of pure has actually produced "the land of pure terror." Pakistan is now 'terroristan, with a flourishing industry producing and exporting global terrorism".
. Business Pagell.centre tohastenGST refunds. Centre said it was working out a mechanism to expedite the refund process. There are various figures also being discussed on the blockage of working capital funds (post- GST), which are wild estimates and not based on facts. Duty drawback Or Input Tax Credit2 2 options were given to exporters. Virtually rejecting claims by exporters that about $10 billion worth of funds is estimated to be a blocked till December 2017 due to the delay in refunds, the Centre said in respect of 66% value of exports, exporters had preferred duty drawback scheme instead of taking actual refund of input taxes in the pre-GST regime. On the mechanism for expediting refunds: Govt. is trying to find a way of giving refund by linking form GST Return GSTR I with form GSTR 3B While GSTR-3B is the initial simplified return which businesses have to file, GSTR-I is the final sales return to be filed every month. For July, where GSTR I form has been already filed by businesses, it said the authorities would be in a position to process the refund applications Allowing refund based on GSTR-3B and GSTR-l submission will ease up working capital and business issues for exporters who have had their funds locked up
The Centre said while the GSTN application for refund was getting ready, the Centre was in the process of finding other ways of giving refund,if necessary, through a manual procedure. Committee on Export, set up by the GST Council, has discussed various methods of resolving the issue of blockage of funds for the exporters. In the meantime, the State and Union government authorities have been asked to clear the pending refund claims of Central Excise and VAT for the pre-GST period so that exporters will get immediate relief. Pointing out that the duty drawback scheme was extended in the post-GST regime for three months upto September 30, 2017-subject to exporters not taking input tax credit under GST, the Centre said this means that as of now, for 66% of the value of exports, there is no blockage of funds. . The remaining 33% of exporters always used to prefer a normal refund route for taxes Paid on inputs for Central Excise separately and for VAT separately. . The refund was made available to them only after the actual exports took place and, for such class of exporters, earlier also there was a normal blockage of funds for a period of 5 6 months at least except for those using facility of advance authorisation. Hence, the problem is not as grievous as it is made out to be.
Federation of Indian Export Organisations (FIEO), however, said the projection of the refunds was made looking into the merchandise as well as the services export sectors. These figures were based on estimation of blocked refund from July to October, 2017 Business page"Tap services potential to aid world economy India, which has proposed a global pact on 'Trade Facilitation in Services' (TFS) has called for tapping the full potential of the services sector to boost the world economy. Commerce Minister, representing India at the 'Asia-Europe Meeting' (ASEM) Economic Ministers' meeting in Seoul, said Asia and Europe must look at ways to boost services trade, which has a ltiplier effect on job creation . India had submitted to the World Trade Organisation (WTO) a proposal for the TFS, aimed at easing norms, including those related to the movement of skilled workers across borders for short-term work, to boost global services trade growth. . India is keen that the TFS proposal gains traction before the WTO's Ministerial Conference in December in Argentina.
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