China says Kailash Mansarovar Yatra suspended because of border standoff

Beijing has demanded the withdrawal of Indian troops have crossed the Sikkim section of the China-India border. China confirmed on Monday that its decision to suspend the Kailash Mansarovar Yatra through Nathu La is based on the dead-end border, Xinhua reported. Chinese Foreign Ministry spokesman Geng Shuang demanded that India removes its border guards, which Beijing accuses Sikkim of crossing the border section between China and India.

The Chinese army Monday accused the Indian army of causing tension in the real control line by halting the construction of a highway in what claims to be China’s “sovereign territory” in the Sikkim region along the border between India and China.

Beijing has said that Indian troops had “obstructed the normal activities of the Chinese border forces in the Donglang region recently, and the Chinese side has taken counter-measures”.

“China is dedicated to the development of bilateral relations and firmly uphold its legitimate rights,” Beijing said. “China expects India to be half way, will do nothing to complicate border issues and jointly maintain the good momentum of relations.”

However, India has stated that a fight broke out between Indian Army personnel and the People’s Liberation Army during the first week of June, near the Lalten post in a region from Sikkim to La Doka, authorities in New Delhi. PLA soldiers have damaged more than two exchange bunkers on the Indian side.

Indian authorities said the clash could not be deactivated even after a meeting between the flag of the military high command on both sides. “There was a stampede and a struggle between rival troops. Our soldiers formed a human fence to deny the PLA troops to make further incursions,” said an official of The Times of India.

Similar clashes occurred in this area of Sikkim for 10 days. In November 2008, Chinese forces had destroyed the bunkers of the improvised Indian army in one place.

The Mansarovar Yatra, which was reported by the Ministry of Foreign Affairs, Sushma Swaraj June 11 was suspended on June 23 after China has responded to about 50 Indian pilgrims who would be allowed to enter it when weather and road conditions would improve. The pilgrims, who had to go to Tibet for the Nathu La Pass in Sikkim, had to return to Gangtok.

This year, seven batches of 50 pilgrims crossed each Tibet through Nathu La and 18 batches of 60 pilgrims were scheduled to meet Kailash through Lipu Lekh’s neck in Uttarakhand, Hindustan Times reported. The Nathu La route was inaugurated in June 2015. Managed by the government of the Tibet Autonomous Region by China, hiking time is reduced.

Baba Ramdev forays into private security business with ‘Parakram Suraksha’

Baba Ramdev forays into private security business with ‘Parakram Suraksha’

The founder of Patanjali Ayurveda and yoga Baba Ramdev guru launched his own security company called Parakram Suraksha Pvt on Thursday

In statements to the ANI, Acharya Balakrishna, CEO of Patanjali Ramdev said: “Security is a very important issue for a man or a woman.

Our goal is to prepare individuals for the safety of the person and the country and that is why we form Parakram.

This will help develop the military instinct of all citizens of the country to awaken the spirit and determination of individual and national security.
“Ramdev has hired members of the armed forces and the police retired to train young recruits interest and intend to make a sure mark,” added Balakrishna.
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Patanjali Ramdev, made the richest person 25 in India with Rs. 25.6 billion crore of wealth.

The consumer goods company, Patanjali Ramdev that was introduced, has expanded its market, which is a threat to the multinational corporation (MNC) and the giants of large domestic consumption.

GST: How companies are gaming the system

GST: How companies are gaming the system

MUMBAI: A non-descriptive textile trading company registered in Mumbai with an annual turnover of Rs 1 crore or less has become very active.

The company started selling out-of-state products in different categories and could do business of more than Rs 50 crore by the end of the year.

Indirect tax officials suspect that this is one of many fictitious companies used to avoid GST.

Taxpayers control the waves of activity in older companies and the formation of some companies fear that these are created specifically for the TPS game, officials and tax advisors said.

“Many inactive companies have become active and are trading various product categories that they have never occupied.

In many cases, these companies appear to be deliberately included in important areas of activity, “said a tax manager based in Mumbai on ET.

Many companies, especially those with a turnover of 50 million rupees between Rs and Rs 200 million rupees, set up specialized companies to take advantage of GST.

These Shell companies were used to take credit in a transaction from one state to another and accumulate an entry credit, only to be closed one year later before the arrival of the tax inspection.

There are indications that these companies use. Just like in the case of an artificial jewelry maker, a trick that could be replicated by many is running, says a senior tax expert with a law firm.

“The company first sell out of the state through a holding company and claimed 18% GST with the government.

Proponents expect they would stop paying the GST after a couple of transactions, “said a familiar person. Others plan to build the system by repairing products with fairness.

“If a Mumbai company sends goods at a high GST rate say 28% of a company in Delhi, but the invoice shows that they carry food grains, which are 5%.

The buyer in New Delhi will never show merchandise sales and never pay the GST, “said a tax expert.
“These ghost companies, after the GST credit transfer can be again inactive and not be captured if the evasion by company is around Rs 5 crore,” said one person in the know.

Experts point out that, in many cases, tax officials come on fraud, but it will take at least a year or more. At that time, companies have closed their stores and no one is at the registered office.

“The government can possibly capture all those who use ghost companies to build credit and make money.

The only way to make this effective is to monitor in real time and across multiple channels, “said MS Mani, partner of Deloitte Haskins and Sells.

A senior tax official said some tax experts help business people to set up such businesses and the department can follow first.

At a recent conference in Mumbai, several industry experts, including Kerala Finance Minister Isaac Thomas warned that in commercial (B2B) operations, some people might be able to replicate the system.