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Business

GST Council to Discuss Major Compliance Reforms on Thursday

The GST Council will meet on Thursday to consider proposals aimed at making the indirect tax system more business-friendly by simplifying compliance and reducing administrative burdens. After the GST 2.0 overhaul in September last year, the Council plans no rate changes except clarifications. The reforms follow nine months of consultations with states and officials, focusing on resolving inconsistencies and aligning implementation with GST 2.0 principles.

Business Standard·

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Politics

Karnataka HC Grants Conditional Bail to Sriki and Khandelwal in Crypto Scam Case

The Karnataka High Court granted conditional bail to Srikrishna Ramesh (Sriki) and Robin Khandelwal in a money-laundering case linked to a cryptocurrency scam. Justice S Vishwajit Shetty noted the trial's slow progress due to extensive documents and witnesses. The Enforcement Directorate registered cases in 2020 and 2021, with arrests made in 2026. The ED stated the proceeds of crime are yet to be fully traced.

Deccan Herald··Bengaluru

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Politics

Trump Administration Proposes $70,000 Fee for International Student Work Authorization

The Trump administration proposed a new rule requiring nonimmigrant F-1 visa students to pay $70,000 to certified institutions for Optional Practical Training (OPT), which allows on-the-job training. Additionally, students would need to pay $30,000 for any extra work training beyond OPT. This policy aims to regulate work authorization costs for international students in the U.S.

Hindu World·

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Technology

Top 1% AI Engineers' Realistic Skill Stack Explained

Generative AI dominates technology, prompting many software engineers to pivot towards AI due to abundant jobs and high salaries. However, choosing AI careers solely for financial gain is risky as tech trends shift rapidly. The industry faces a 'panic-hiring loop' where companies hire AI engineers without clear goals, causing a gap between AI's theoretical value and practical enterprise outcomes.

HT Tech·

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Politics

Karnataka Court Stays Defamation Case Against Priyank Kharge, Nalapad

A special sessions court in Bengaluru has stayed proceedings against Home Minister Priyank Kharge and state youth Congress president Mohammad Haris Nalapad in a defamation case alleging defamatory remarks against RSS. The court had earlier issued summons, but the accused challenged the proceedings, arguing the complainant lacked locus standi as he failed to prove RSS membership. The sessions court stayed the case without giving reasons.

Deccan Herald··Bengaluru

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Politics

Karnataka Minister Announces Hold on Property Tax Exemption Circular

Karnataka's Rural Development Minister Eshwar B Khandre announced a temporary hold on the August 13 circular exempting properties on government and forest land from property tax and the e-Swathu 2.0 system. The circular followed state legislation and governor assent. A permanent solution will come after a joint Revenue and Forest department survey and a multi-departmental committee will be formed to resolve the issue.

Deccan Herald··Chikkamagaluru

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