AP to suffer Rs.4,700 crore loss every year due to GST

Vijayawada: Andhra Pradesh will suffer a loss of Rs 4,700 crore every year on account of implementation of Goods and Services (GST) tax, state Finance Minister Y. Ramakrishnudu said on Thursday. He said the central government should compensate the state to the tune of Rs 23,500 crore for five years, adding it was the central government’s responsibility to ensure that […]

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U.S. blocks $300 million military aid to Pakistan

The Pentagon will not pay Pakistan $300 million in military reimbursements after U.S. Secretary of Defense Ash Carter decided not to tell Congress that Pakistan was taking adequate action against the Haqqani network, an official said. Relations between the two countries have been frayed over the past decade, with U.S. officials frustrated by what they term Islamabad’s unwillingness to act […]

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