India ratifies UN TIR Convention in a bid to Counter China’s OBOR
India has become the 71st nation to join the United Nations TIR (Transports Internationaux Routiers) Convention.
The GST Council headed by Union Finance Minister Arun Jaitley comprising of state finance ministers as members have decided to set up a five-member anti-profiteering authority to decide on levying the penalty if businesses do not pass on the benefit of price reduction to consumers under GST regime. The GST Council has also approved the anti-profiteering rules.