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GST Council clears compensation Bill

The goods and services tax (GST) Council on Saturday formally approved a Bill for compensating the state governments for any revenue loss they might have to suffer in the first five years in the GST regime, as the constitutionally empowered…

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EU asks India to extend by 6 months trade pact with EU nations

The European Union today pressed India to extend by six months its bilateral investment pacts with several EU-member countries which are expiring soon, saying absence of the treaties could adversely impact trade ties and FTA talks. A high-level European Parliament…

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Mongolia agrees $5.5 bn economic bailout plan with IMF, others

Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statement from the IMF on Sunday.The landlocked nation saw its economy grow at a double-digit annual rate over 2011-2013…

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