The GST Council in its 50th meeting on Tuesday, presided over by Union Finance Minister Nirmala Sitharaman, exempted cancer treatment drugs, special medicines, and food for medical purpose from levy of the Goods and Services Tax
The statement was released during the one-on-one meeting between Prime Minister Modi and US President Joe Biden at the Oval Office in the White House, on Thursday.
Nepal is at real risk of being put on the greylist by the Financial Action Task Force (FATF) as there are deficiencies in both its legislation and enforcement of laws related to money laundering and terror financing, writes Prithvi Man Shrestha in The Kathmandu Post.
Pakistan's leaders have found it fit to play petty politics with 'arch enemy' India even as their country is hit by a natural calamity of unprecedented magnitude. Heavy monsoon rain, induced by climate change, has devastated nearly a third of the country. Millions are marooned and are struggling to find food, shelter and medicines.
Islamabad is buzzing with the impending news of Pakistan’s likely removal from the “grey list” of the Financial Action Task Force (FATF), the global body which combats terror financing.
The report findings come at a time when Pakistan's progress on actions taken to comply with FATF's global standards to curb money laundering and terror financing, are going to be reviewed at the plenary meeting of the FATF in Paris.
This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.
The Pakistan government has released a statement on Sunday over the media reports which claimed Dawood to be sheltered in the country by terming such reports as ‘baseless and misleading’.
It has released a list of 88 banned terror groups as part of its efforts to wriggle out of tough financial sanctions.
US President and Prime Minister Narendra Modi were able to convey a robust message to the west of the Radcliffe Line, thanks largely to their personal chemistry.
