GST rates cut with eye on elections: Chidambaram
New Delhi, July 22 : Former Union Finance Minister P. Chidambaram on Sunday said that the decision to slash GST rates on 100 mass-use items was taken keeping upcoming assembly elections in mind.
"When elections are around the corner, government cuts rates. I suppose that makes a good case for frequent elections in different state!" he said on Twitter.
Terming the decision "belated wisdom", he questioned why it was not taken earlier.
"GST Council cuts rates on 100 items, approves quarterly returns. Belated wisdom. Why did Government not follow our advice in July 2017?" he said.
Assembly elections are due in Madhya Pradesh, Rajasthan, Chhattisgarh and Mizoram later this year.
The GST Council on Saturday reduced tax rates on a slew of items including refrigerators, washing machines and small televisions from 28 per cent to 18 per cent, and cleared widely demanded exemption on sanitary pads.
The Congress leader also called the present GST regime "unreformed" and filled with "lacunae", and pitched for immediate implementation of three-rates structure."
"The present GST is still 'unreformed'. Government must notify three rates immediately and signal its intention to move to a single rate in the medium term. That will be true GST.
"There are many other lacunae in the GST law. I doubt if the government has the will or the skill to remove these lacunae."
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US service member missing after Iran shot down fighter jet rescued
Washington (AP): A US service member who had been missing since Iran shot down a fighter jet has been rescued, President Donald Trump wrote in a social media post early Sunday.
The crew member had been missing since Friday, when Iran downed a US F-15E Strike Eagle. A second crew member was rescued earlier.
Trump wrote that the aviator is injured but “will be just fine,” adding that he took refuge “on the treacherous mountains of Iran.”
Trump added that the rescue involved “dozens of aircraft” and that US had been monitoring his location “24 hours a day, and diligently planning for his rescue.”
The war began with joint US-Israel strikes on February 28 and has killed thousands, shaken global markets, cut off key shipping routes and spiked fuel prices. Both sides have threatened, and hit, civilian targets, bringing warnings of possible war crimes.
The fighter jet was the first US aircraft to have crashed in Iranian territory since the conflict in late February.
Trump said last week that the US had “decimated” Iran and would finish the war “very fast.”
Two days later, Iran shot down two US military planes, showing the ongoing perils of the bombing campaign and the ability of a degraded Iranian military to continue to hit back.
The other jet to go down was a US A-10 attack aircraft. Neither the status of the crew nor exactly where it crashed was immediately known.
A frantic US search-and-rescue operation unfolded after the crash of the F-15E jet on Friday, focusing on a mountainous region in Iran's southwestern province of Kohgiluyeh and Boyer-Ahmad.
Iran also promised a reward for anyone who turned in the “enemy pilot.” Iran's joint military command on Saturday said that it also struck two US Black Hawk helicopters Friday, but The Associated Press couldn't independently verify that.
