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| Indian businesses turn sceptical on Modi's landmark tax reform |
| Thursday, July 02, 2015 2:33 AM | |
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 By Rajesh Kumar Singh NEW DELHI (Reuters) - For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world's largest single markets. India's top business groups are now calling for a slowdown in the process as they try to roll back those compromises, putting them at odds with Finance Minister Arun Jaitley who wants to push through what he touts as the country's biggest tax reform since independence nearly 70 years ago. "A delayed but improved GST would be far better than a hasty and flawed GST," said Bishakha Bhattacharya, a director at Nasscom, a premier IT industry body that represents Infosys and others in India's $150 billion export-driven outsourcing sector.
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| Exclusive - U.S., Venezuela launch quiet diplomacy to ease acrimony |
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 By Lesley Wroughton WASHINGTON (Reuters) - The United States and Venezuela have embarked on their most extensive dialogue in years in an attempt to improve their acrimonious relations, according to a senior U.S. administration official. The quiet diplomacy, the extent of which has not been previously reported, is a sign that U.S. detente with Communist Cuba may be helping to reshape another troubled Latin American relationship. The effort by Latin America's most ardently anti-Washington government and major U.S. oil supplier to improve relations comes as President Nicolas Maduro struggles with a decaying state-led economy that has been left more isolated by close ally Cuba's warming U.S. ties.
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| More than 100 dead as militants, Egyptian army clash in North Sinai |
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 By Yusri Mohamed and Ahmed Hassan ISMAILIA, Egypt/CAIRO (Reuters) - Egypt's army said on Wednesday more than 100 militants and 17 soldiers were killed after simultaneous assaults on military checkpoints in North Sinai, in the deadliest fighting in years in the restive province. By late Wednesday, an army spokesman said the situation in North Sinai was "100 percent under control". Security sources and witnesses later said aerial bombardments on militant targets had resumed.
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