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Pelosi says US will ‘not allow’ China to isolate Taiwan
US House Speaker Nancy Pelosi said Friday that the United States will “not allow” China to isolate Taiwan, after her visit to the self-ruled island infuriated Beijing. China, which views Taiwan as part of its territory, launched its largest-ever military exercises around the island after Pelosi defied stern threats to become the highest-profile US official to set foot on Taiwanese soil in years. Now in Tokyo on the final leg of her Asian tour, Pelosi did not comment directly on the drills but argued that American politicians should be able to travel to Taiwan freely.
No GST on room rents of ‘sarais’ managed by religious or charitable trusts
The Finance Ministry has said that the Goods and Services Tax will not apply on room rents of ‘sarais’ (inns) or properties managed by religious and charitable institutions. The clarification was issued by the Central Board of Indirect Taxes and Customs (CBIC) on Thursday evening to clear the confusion with regard to the levy of GST on room rents. This clarification by the Finance Ministry came following a demand from various quarters including AAP MP Raghav Chadha that the GST on rooms rented by religious institutions be withdrawn.
Piped cooking gas price hiked by Rs 2.63 per unit in Delhi due to rise in input costs, says IGL
Taiwan condemns ‘evil neighbour’ China over war drills
Taiwan blasted its “evil neighbour next door” on Friday after China encircled the island with a series of huge military drills that were condemned by the United States and other Western allies. During Thursday’s military exercises, which continued Friday, China fired ballistic missiles and deployed both fighter jets and warships around Taiwan.
Rajya Sabha proceedings adjourned briefly till 11.30 am
Proceedings have ground to halt amid Opposition uproar over alleged misuse of ED, hike in GST
Landslides force closure of Jammu-Srinagar highway, Mughal Road
The Jammu-Srinagar National Highway and Mughal Road were closed for vehicular traffic due to landslides and shooting stones triggered by heavy rain at several places in Jammu and Kashmir’s Ramban and Poonch districts on Friday, officials said.
A few hundred vehicles, including those carrying a batch of Amarnath Yatra pilgrims, are stranded on the highway, they said. Heavy rains triggered shooting of stones at Mehaar and Cafeteria Morh in Ramban, blocking the highway, the officials said.
U.S. calls China reaction to Pelosi’s Taiwan visit “flagrantly provocative”
U.S. Secretary of State Antony Blinken told an Asian meeting of top diplomats on Friday that China’s reaction to U.S. house speaker Nancy Pelosi’s visit to Taiwan was “flagrantly provocative”, a western official said.
Blinken, speaking at the East Asia Summit in Cambodia, said China had sought to intimidate not only Taiwan, but neighbours too, after it launched the largest-ever military drills in the Taiwan Strait, the official said.
Shares rise, rupee strengthens after RBI rate hike
Indian shares advanced, the rupee strengthened and bond yields rose after the country’s central bank hiked a key policy rate for the third time to tackle persistently high inflation in Asia’s third-largest economy. The Reserve Bank of India (RBI) raised the key policy repo rate by 50 basis points.
“With inflation expected to remain above the upper tolerance threshold in Q2 and Q3 of the current financial year, the MPC stressed that sustained high inflation could de-stabilise inflation expectations and harm growth in the medium term,” RBI Governor Shaktikanta Das said.
Assam delegation to visit Mizoram on August 9-10 for border talks
A five-member delegation headed by Assam Border Protection and Development Minister Atul Bora will be on a two-day visit to Mizoram from August 9 to discuss issues related to the inter-state boundary dispute, an official said on Friday. A special officer and private secretary to the Assam border protection and development minister had on Wednesday informed the Mizoram government that the Assam delegation would arrive in Aizawl the next Tuesday to have two-day talks over the boundary issues, he said.
Rahul Gandhi holds press conference, Delhi Police on vigil amid Congress protests
Congress leader Rahul Gandhi is holding a press conference at the party headquarters in New Delhi amid the ongoing protests by the Congress party in the national capital on issues of price rise and unemployment. Delhi Police officials have briefed security personnel at Vijay Chowk, ahead of the protests. Notably, Delhi Police has denied permission to Congress for holding protests. The police officials said that the prohibitory orders are in force in the national capital. The Delhi Police has imposed Section 144 CrPC in the entire area of the New Delhi district except for Jantar Mantar. The police said that protest/dharna/ gherao in the area of New Delhi district on August 5 cannot be permitted in view of security, law and order and traffic reasons.
Markets bounce back after a day’s breather
Equity benchmarks began the trade on a positive note on Friday in tandem with largely firm Asian markets and ahead of the RBI’s policy meeting outcome. The 30-share BSE benchmark climbed 227.89 points to 58,526.69 in early trade. The broader NSE Nifty advanced 64.35 points to 17,446.35.
PayTM Money app faces outage in crucial trading hours
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PM Modi congratulates India’s medal winners at CWG
Prime Minister Narendra Modi on Friday congratulated Sudhir on winning gold in para powerlifting at the Commonwealth Games and lauded him for his consistent performance. He also hailed Murali Sreeshankar for winning silver medal in the men’s long jump, noting that it is after decades India has won podium finish in the event at the CWG.
US, Russia, China take part in talks with SE Asian nations
US Secretary of State Antony Blinken joined the foreign ministers of Russia and China at a meeting on Friday with top diplomats from Southeast Asia that comes at a time of increased tensions between Washington, Moscow and Beijing. The East Asia Summit of the ongoing Association of Southeast Asian Nations meetings in Cambodia’s capital was the first time the three men were scheduled to take part in the same forum.
Sensex climbs 227.89 points to 58,526.69 in early trade
Nifty advances 64.35 points to 17,446.35
African swine fever: Culling of pigs completed in Kannur
Culling of pigs in two private farms in Kanichar panchayat of Kannur district to prevent spread of African swine fever, which was recently reported here, was completed on Thursday. The culling operations had to be put on hold on Wednesday due to stiff opposition from the owner of one of the affected farms
Former Haryana minister Sampat Singh to rejoin Congress
“I have decided to rejoin the Congress. My move is mainly guided by farmers’ interests as I feel this party can better watch the interests of the farming community,” Singh told PTI over the phone after meeting senior Congress leader K C Venugopal in Delhi on Thursday.