PM Modi Speech Today Live Updates: PM Narendra Modi at the ‘Samudra se Samruddhi’ event in Bhavnagar Saturday.
PM Modi To Address Nation Today Live Updates: Prime Minister Narendra Modi will address the nation at 5pm Sunday. While there is no official confirmation on the subject of his address, sources indicate he may speak on the GST rollout, which is set to kick in tomorrow. The Prime Minister is also expected to emphasise the importance of self-reliance as part of his message. This comes a day after Prime Minister Narendra Modi inaugurated and laid the foundation stone of projects worth Rs 34,200 crore in Bhavnagar, Gujarat.
GST 2.0: The Goods and Services Tax (GST) Council, in its 56th meeting earlier this month, cleared the next-generation reforms under the eight-year old indirect tax regime. This effectively paves the way for a broad two-slab structure of 5 per cent and 18 per cent with a demerit rate of 40 per cent rate only for super luxury, sin and demerit goods. Prime Minister Narendra Modi, according to a statement from the PMO, expressed happiness that the GST Council, comprising the Union and the States, had collectively agreed to the proposals submitted by the Union Government on GST rate cuts and reforms, which will benefit the common man, farmers, MSMEs, middle-class, women and youth.
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H-1B fee hike: Another pressing issue is the hike in H-1B visa fees to $100,000 (Rs 88 lakh), following a proclamation signed by US President Donald Trump Friday. The White House Press Secretary has clarified that it is a one-time fee hike and is applicable only to new visas in next lottery cycle. Trump’s move comes weeks after the 25% penalty for buying Russian oil was slapped on India taking its tariffs to 50% and days before a team from New Delhi is expected to be in the US to push towards a trade deal.
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