Asia
The tax cut plan comes with costs given that GST is a major revenue generator. IDFC First Bank says the cuts will boost India’s GDP by 0.6 percentage points over 12 months but will cost the state and federal government US$20 billion annually. But it will improve weak stock market sentiment and bring political dividends for Modi ahead of a critical state election in the eastern state of Bihar, said Rasheed Kidwai, a fellow at New Delhi-based Observer Research Foundation. “GST reduction will impact everyone, unlike cuts to income tax, which is paid by only 3 per cent to 4…
DEATH TOLL RISES The Thai death toll had risen to 14 as of late Thursday,…
CALLS FOR CALM The fighting marks a dramatic escalation in a long-running dispute between the…
SINGAPORE: Retailing for as little as US$10, India’s beloved Kolhapuri sandals are a staple in wardrobes across the sub-continent. So…
NOIDA, India: The early arrival of the annual monsoon season in India has brought relief…
The shipping firm initially apologised and paid US$7.85 million for the immediate cleanup and as…
BEIJING: EU chief Ursula von der Leyen warned on Thursday (Jul 24) that China’s ties…
Thailand’s embassy in Phnom Penh urged its nationals to leave Cambodia “as soon as possible”.…
SEOUL: North Korean leader Kim Jong Un has urged his military to be ready “for…
INVESTIGATIONS AND WARNINGS Air India has come under intense scrutiny since the Ahmedabad crash, which…
What happens next? The situation remains delicate and uncertain. Analysts in Thailand have warned that…
NEW DELHI/BEIJING: India will start issuing tourist visas to Chinese nationals from Thursday (Jul 24)…
HANOI: Heavy rains triggered by tropical storm Wipha have caused severe flooding in the central…
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