Business

Oil drops 2% as U.S. climate withdrawal compounds glut concerns

Oil drops 2% as U.S. climate withdrawal compounds glut concerns

Post-settlement, prices pared some losses as data from the American Petroleum Institute (API) showed crude inventories fell by 8.7 million barrels in the week to May 26 to 513.2 million, compared with analysts' expectations for a decrease of 2.5 million barrels.


USA attorneys general file lawsuit against Trump over his business empire

USA attorneys general file lawsuit against Trump over his business empire

The government also said Trump hotel revenue does not fit the definition of an improper payment under the Constitution. The attorneys general in the nation's capital and Maryland filed a lawsuit Monday against President Trump , arguing he is violating anti-corruption clauses in the Constitution by allowing his businesses to accept payments from foreign government and other government entities .



India to allow late filing in first two months of GST - Jaitley

Finance Minister Arun Jaitley said that the GST Council has spent "several hours" in finalising the tax rates on lottery. The Finance Minister also said "The Government will roll out GST on July 1, next meeting of GST Council on June 30".



Violence in Kashmir kills 9

Ahsan Mushtaq, 15, was also killed after he was hit by bullets near the site of the encounter, the police said. In the attack, all the policemen were killed. SRINAGAR, Jammu and Kashmir: Violence in disputed Kashmir on Friday killed nine people, including six policemen, two civilians and a militant. Meanwhile, normal life in Valley was affected by the strike called by separatists and restrictions imposed by authorities to maintain law and order.



GST rollout on July 1; two slabs for lottery, hotel rooms

Addressing the 17th GST Council meeting at Vigyan Bhawan, Jaitley said 28 percent limit in hotels will start from Rs 7,500, while a GST rate of 18 percent has been made applicable for hotel rooms between Rs 2,500 to Rs 7,500. "Relaxation for filing transaction-wise returns in July, August. will provide relief to the industry ", Harishanker Subramaniam, head of indirect tax at EY India , told Reuters.