Support for lower GST rate gaining traction


NEW DELHI The idea of setting a relatively low rate for a new sales tax seemed to be gaining traction on Wednesday, as politicians of all stripes met to debate what would be the country's biggest tax reform since independence.

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Volkswagen to begin production of compact sedan in India in 2016 25 Nov 2015

NEW DELHI German carmaker Volkswagen AG will begin producing a compact sedan at its plant in India in 2016 and has invested 85 million euros ($90 million) in the car, the company's local unit said in a statement on Wednesday.

Russia and Turkey refuse to back down in row over jet downing 1:27am IST

ISTANBUL/NIZHNY TAGIL, Russia Russia sent an advanced missile system to Syria on Wednesday to protect its jets operating there and pledged its air force would keep flying missions near Turkish air space, sounding a defiant note after Turkey shot down a Russian fighter jet. | Video

South Africa 11-2 after restricting India to 215 25 Nov 2015

NAGPUR, India Off-spinner Simon Harmer took four wickets while paceman Morne Morkel bagged three as South Africa skittled India for 215 in the first innings on the opening day of the third test on Wednesday.

Pernod Ricard sees India becoming No.2 market on strong growth 12:34am IST

MUMBAI French spirits group Pernod Ricard SA expects its operations in India to continue to post double-digit sales growth over the next five to 10 years and to soon replace China as its second-largest market by sales, top executives said.

Afghan forces launch bid to rescue 18 captured by Taliban 12:42am IST

KABUL Afghan security forces launched an operation on Wednesday to rescue 18 people captured by Taliban insurgents after their helicopter made an emergency landing in territory under the militants' control, the Ministry of Defence said.

Human error led to deadly U.S. strike on Afghan hospital - military 12:44am IST

WASHINGTON A U.S. investigation found that the deadly Oct. 3 air strike in Afghanistan that destroyed a hospital run by Medecins Sans Frontieres was a tragic and avoidable accident caused primarily by human error, a top U.S. military commander said on Wednesday.

Bain selling Hero MotoCorp shares worth up to $116 million - IFR 12:34am IST

U.S. private equity firm Bain Capital is selling shares in Hero MotoCorp Ltd, the world's largest seller of motorcycles and scooters, to raise as much as $116 million, IFR reported, citing a person close to the deal.

Negotiators at U.N. climate talks to meet Sunday, a day early 25 Nov 2015

OSLO Government negotiators at a U.N. climate conference in Paris will meet on Sunday, a day earlier than planned, to let them get down to work before world leaders arrive for a summit on Monday.

Indian commandos kill militants in Kashmir army base gunbattle 25 Nov 2015

SRINAGAR, India Indian army commandos killed three militants holed up in an officers' mess and another person was shot dead during a six-hour gunbattle at an army base in the disputed Kashmir region on Wednesday, a senior army officer said.