Gold Silver Reports (GSR ) – Trade War News : U.S. Moves Forward on Proposed $200 Billion China Tariff List — The 10 percent tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative’s office Tuesday. The proposed list of goods includes consumer items such as clothing, television components and refrigerators as well as other technology products, though it omitted some high-profile items like mobile phones.
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Chlorine Used in Syria’s Douma, No Trace of Nerve Agent, Interim OPCW Report Finds
Gold Silver Reports (GSR) – A chemical weapons watchdog says chlorine may have been used in April’s attack on the Syrian city of Douma. The interim report by the Organization for the Prohibition of Chemical Weapons (OPCW) said “various chlorinated organic chemicals” had been found but there was no evidence of nerve agents. Dozens of civilians were killed in the attack on the rebel-held town in the Eastern Ghouta region near Damascus.
Breaking News : Chinese Media Revises Report, Says China Yet to Take any Action Against US Tariffs
Gold Silver Reports (GSR) – The earlier report by the China Daily has been revised – The media outlet has now come out to change its earlier report here and say that “China will take action against US tariffs” – implying that retaliatory tariffs are yet to have been slapped on US goods as suggested earlier.
Food Prices Crack Due to Trade War Tensions
Gold Silver Reports (GSR) – In India, the government’s decision to hike minimum support prices (MSPs) has raised the prospect of higher food inflation. But global food inflation may head the other way thanks to fears of an escalating trade war, if data from June is any indication.
Govt Likely to Go Slow on Key Anti-Evasion Measure Under GST
Gold Silver Reports (GSR) – The government is unlikely to insist on implementing the reverse charge mechanism, a key anti-evasion measure proposed under the goods and services-Tax (GST), on concerns that the rule will adversely impact small businesses while not yielding revenue gains.
GST: Revenue Leakage A Big Disappointment, Says Kerala Finance Minister Thomas Isaac
GST: Revenue Leakage A Big Disappointment, Says Kerala Finance Minister Thomas Isaac – “We are collecting tax just on the basis of GSTR-3B which is a summary return of taxes paid. Unless the details of purchases and sales are given, how do we match? GSTR-2 was to be auto-generated from GSTR-1 and if there’s a mismatch, it is to be validated. This system is just non-existent,” Isaac pointed out. “I don’t even have the information to look into the tax returns filed by the taxpayers. I’m waiting for the annual return form to be filed.”
PM Modi Mann Ki Baat, June 2018 INDIA
Gold Siver Reports (GSR) – PM Modi Mann Ki Baat, June 2018 INDIA – Prime Minister Narendra Modi addressed the nation on 24 June via his radio programme, Mann Ki Baat. This is the 45th edition of the monthly programme.