ORBAN SEES EU REFORM DRIVE AFTER GERMAN ELECTION
Hungarian Prime Minister Viktor Orban said after two days of talks with his EU peers he expected Berlin and Paris to push for broad reforms in the bloc once a German election due in September is out of the way. “The French president has made it clear he wants to increase the efficiency of the EU and he is determined to do that,” Orban said. “I think after September it is very probable that we are going to put a lot of effort and planning into a new European reform era. We will have lots of debates and we need to prepare.” Media agencies Edit
Hungarian Prime Minister Viktor Orban said after two days of talks with his EU peers he expected Berlin and Paris to push for broad reforms in the bloc once a German election due in September is out of the way. “The French president has made it clear he wants to increase the efficiency of the EU and he is determined to do that,” Orban said. “I think after September it is very probable that we are going to put a lot of effort and planning into a new European reform era. We will have lots of debates and we need to prepare.” Media agencies
MAY VOWS EU CITIZENS CAN STAY POST BREXIT
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British Prime Minister Theresa May promised Thursday to let EU citizens stay after Brexit as she met sceptical European leaders for the first time since her disastrous election gamble.Under pressure from all sides since losing her parliamentary majority in the June 8 vote, May held out an apparent olive branch on the uncertain fate of three million Europeans living in Britain.German Chancellor Angela Merkel said the plans were a “good start”, but added that “there are still many, many other questions” to be dealt with over Brexit.Merkel had earlier made clear that Britain´s exit was not at the top of the agenda for the remaining 27 EU members, as they try to capitalise on a renewed sense of optimism to put the bloc back on track after years of austerity and crisis.The EU sought instead to show its unity by pressing ahead with plans on counter-terrorism, defence and by renewing damaging economic sanctions against Russia over the war in eastern Ukraine.“For me the shaping of the future of the 27 is a priority coming before the issue of the negotiations with Britain on the exit,” said Merkel, Europe´s most powerful leader.New French President Emmanuel Macron, attending his first summit, added that the EU had to “establish our own strategy based on our own interests”.May addressed the issue of citizens´ rights, one of the key three priorities for the opening stage of Brexit negotiations that began on Monday.No EU citizen currently in Britain would be asked to leave on Brexit day, she said, while EU citizens living in Britain for more than five years will get “settled status”.“The UK´s position represents a fair and serious offer and one aimed at giving as much certainty as possible to citizens who have settled in the UK,” May told her colleagues.The prime minister said she expected any offer by Britain to be matched by the EU for the one million Britons living on the continent, a government source said.But her proposal sets up a clash with the EU after she rejected Brussels´s demand that the European Court of Justice oversee and resolve any dispute over citizens´ rights post-Brexit.May said the pledge on EU citizens would instead “be enshrined in UK law and enforceable through our highly respected courts”.She also drew criticism from a campaign group of EU citizens, the3million, which called her offer “pathetic”.“It fails on several points which would enable EU citizens in the UK to continue to live normally after Brexit,” it said.Other crunch Brexit issues are Britain´s estimated 100 billion euro (88 billion pounds, $112 billion) divorce bill, and Northern Ireland, which will be on Britain´s only land border with the EU after Brexit.Edit
British Prime Minister Theresa May promised Thursday to let EU citizens stay after Brexit as she met sceptical European leaders for the first time since her disastrous election gamble.
Under pressure from all sides since losing her parliamentary majority in the June 8 vote, May held out an apparent olive branch on the uncertain fate of three million Europeans living in Britain.
German Chancellor Angela Merkel said the plans were a “good start”, but added that “there are still many, many other questions” to be dealt with over Brexit.
Merkel had earlier made clear that Britain´s exit was not at the top of the agenda for the remaining 27 EU members, as they try to capitalise on a renewed sense of optimism to put the bloc back on track after years of austerity and crisis.
The EU sought instead to show its unity by pressing ahead with plans on counter-terrorism, defence and by renewing damaging economic sanctions against Russia over the war in eastern Ukraine.
“For me the shaping of the future of the 27 is a priority coming before the issue of the negotiations with Britain on the exit,” said Merkel, Europe´s most powerful leader.
New French President Emmanuel Macron, attending his first summit, added that the EU had to “establish our own strategy based on our own interests”.
May addressed the issue of citizens´ rights, one of the key three priorities for the opening stage of Brexit negotiations that began on Monday.
No EU citizen currently in Britain would be asked to leave on Brexit day, she said, while EU citizens living in Britain for more than five years will get “settled status”.
“The UK´s position represents a fair and serious offer and one aimed at giving as much certainty as possible to citizens who have settled in the UK,” May told her colleagues.
The prime minister said she expected any offer by Britain to be matched by the EU for the one million Britons living on the continent, a government source said.
But her proposal sets up a clash with the EU after she rejected Brussels´s demand that the European Court of Justice oversee and resolve any dispute over citizens´ rights post-Brexit.
May said the pledge on EU citizens would instead “be enshrined in UK law and enforceable through our highly respected courts”.
She also drew criticism from a campaign group of EU citizens, the3million, which called her offer “pathetic”.
“It fails on several points which would enable EU citizens in the UK to continue to live normally after Brexit,” it said.
Other crunch Brexit issues are Britain´s estimated 100 billion euro (88 billion pounds, $112 billion) divorce bill, and Northern Ireland, which will be on Britain´s only land border with the EU after Brexit.
GST WILL BE A STEP FOR ECONOMIC DEMOCRACY
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CAIT URGE SUSPENSION OF E WAY BILL & HSN CODE” Rolling out of GST from 1st July,2017 is a landmark beginning of a process which will lay foundation of economic democracy in the Country and in all likelihood prove advantageous for small businesses in the Country. Though traders across Country are facing several challenges pertaining to GST yet enthusiastic to adopt GST taxation system. A direct inter-action of Union and State Governments with Trade Associations across the Country is need of the hour to dispel confusion, anxiety, mis-information being spread on social media particularly on whatsap painting GST as a devil-said the Confederation of All India Traders (CAIT). In this context, a mega sensitization campaign for trade associations across the country could be a game changer-added CAIT.In order to ensure smooth transition to GST, the CAIT has urged Union Finance Minister Mr. Arun Jaitley to defer implementation of E-way Bill and HSN Code since traders across Country to give them breather time to understand the implications of both E-way Bill and HSN Code. Rules of E way Bill are yet to be finalized by the GST Council and as such it will be difficult for the traders to enforce the same from the next day.Given the absolute criticality of taking the trading community along on the road to GST, we would urge the Government to declare period beginning 1st July,2017 to 31st March 2018 as “transition period” to enable the trading community to make the transition to a more sophisticated digital tax framework-said Mr. Praveen Khandelwal, Secretary General of CAIT. Given enormity of the impending change, quite naturally, there could be some lapses in the initial phase (trial period) but we would plead with the Government and the tax authorities to waive prosecution Given and penal liabilities stemming from the law in this period.GST has a great relevance to the less affluent trading community of India and the sprawling middle class, both urban and rural since it will give advantage of availing input credit not only on goods but even on the services availed. However, this level of preparation from the trading community, many of whom are not used to operating in a digital tax environment could take quite some time since everything under GST has to be routed through digital technology.Edit
CAIT URGE SUSPENSION OF E WAY BILL & HSN CODE
” Rolling out of GST from 1st July,2017 is a landmark beginning of a process which will lay foundation of economic democracy in the Country and in all likelihood prove advantageous for small businesses in the Country. Though traders across Country are facing several challenges pertaining to GST yet enthusiastic to adopt GST taxation system. A direct inter-action of Union and State Governments with Trade Associations across the Country is need of the hour to dispel confusion, anxiety, mis-information being spread on social media particularly on whatsap painting GST as a devil-said the Confederation of All India Traders (CAIT). In this context, a mega sensitization campaign for trade associations across the country could be a game changer-added CAIT.
In order to ensure smooth transition to GST, the CAIT has urged Union Finance Minister Mr. Arun Jaitley to defer implementation of E-way Bill and HSN Code since traders across Country to give them breather time to understand the implications of both E-way Bill and HSN Code. Rules of E way Bill are yet to be finalized by the GST Council and as such it will be difficult for the traders to enforce the same from the next day.
Given the absolute criticality of taking the trading community along on the road to GST, we would urge the Government to declare period beginning 1st July,2017 to 31st March 2018 as “transition period” to enable the trading community to make the transition to a more sophisticated digital tax framework-said Mr. Praveen Khandelwal, Secretary General of CAIT. Given enormity of the impending change, quite naturally, there could be some lapses in the initial phase (trial period) but we would plead with the Government and the tax authorities to waive prosecution Given and penal liabilities stemming from the law in this period.
GST has a great relevance to the less affluent trading community of India and the sprawling middle class, both urban and rural since it will give advantage of availing input credit not only on goods but even on the services availed. However, this level of preparation from the trading community, many of whom are not used to operating in a digital tax environment could take quite some time since everything under GST has to be routed through digital technology.