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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Pakistani helicopter crashes in Afghanistan

A Pakistani government helicopter crash-landed in Taliban-held territory in Afghanistan on Thursday and all passengers and crew are feared captured by the insurgents, officials said. The helicopter went down in Logar province, near Afghanistan’s border with Pakistan’s lawless and mountainous tribal areas. “Those detained by the Taliban are Pakistanis,” Sameem Saleh, spokesman for Logar’s governor, said. “The chopper was not […]

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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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Air Costa halts flight operations

Regional airline Air Costa halted its flight operations on Thursday, following financial issues with its leasing companies. Raising questions over the financial viability of regional airlines in India, the operational halt comes days after Bengaluru-based Air Pegasus grounded its operations. “We had some financial issues with the leasing company and we are in the process of re-negotiation. We are very […]

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