Saturday Morning News Brief, June 17

Saturday morning brief Jun 17 2017
Good morning!
Here’s everything you need to know to start your day…
India prepared a report on how Pakistan’s action against terror funding remains only on paper. An Indian delegation headed by Enforcement Directorate chief Karnal Singh will inform international watchdog, Financial Action Task Force, Pakistan has not taken any action against the perpetrators of 26/11 Mumbai attacks and Pathankot attacks, despite sharing all evidence with it. According to sources, Pakistan had seized only 69 accounts of JuD and its front Falah-i-Insaniyat Foundation (FIF) in 15 years, which was “nothing“.
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Price of flats nearing completion may rise after the the Goods and Services Tax is implemented from July 1. If you are paying for your house in installments to the builder you may end up paying 12% GST on payments due from July 1 onwards, instead of 4.5% service tax that you paid on installments till June 30. Builders claim that the 7.5% increase in tax after GST is because they will not be able to claim any credit for taxes paid on inputs bought before July 1.
India switched to a system of revising motor fuel prices daily with a reduction in petrol and diesel prices. This happened because crude prices have softened over the past two weeks on rising US shale production. Going by the trend in international oil market, pump prices could slide further in the coming days, if the rupee maintains its current value against the dollar. “Proud to share that India is first country to switch to dynamic fuel pricing on such a scale in one go,” oil minister Dharmendra Pradhan tweeted.
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Prime Minister Narendra Modi will inaugurate Kochi Metro by taking the maiden journey from Palarivattom to Pathadipalam and back. Kochi Metro will be India’s first to extensively use solar panels. As many as 22 stations on the final 25-km full stretch of the rail line will have solar panels. It will also be the first government agency to hire transgender staff.
As Darjeeling continues to boil, hoteliers have started asking tourists to leave as they are running out of food stock. “What can we do? We can’t buy provisions. We are even running short of items like rice and cereals. If this bandh continues, we don’t know when we will get supplies. It is better to ask the guests to leave,” a hotel owner said.
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