India set to become water scarce by 2025: report

-08-15 1. Egypt unveils -bn ‘new Suez Canal’

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1. Egypt unveils $9-bn ‘new Suez Canal’

President Abdel Fattah al-Sisi unveiled an expanded Suez Canal on Thursday in a lavish ceremony, with the first ships passing through the waterway in what Egypt hopes will boost its economy and global standing.

The former army chief formally opened the $9 billion waterway to the cheers of hundreds of guests, including foreign dignitaries.

The event in the port city of Ismailiya was attended by heads of state, including French President Francois Hollande.

The government says the project will more than double the canal’s annual revenue to $13.2 billion by 2023. — AP

2.GST Bill: Centre wants T.N. on board

The Modi government wants Tamil Nadu on board for the Constitution (122nd Amendment) Bill meant to introduce the Goods and Services Tax (GST). The government is currently in hectic parleys with the All India Anna Dravida Munnetra Kazahgam government in the State which gave a dissent note to the report of the Rajya Sabha Select Committee on the Bill. The panel, in its report tabled in Parliament on July 22, endorsed nearly all of the Bill’s clauses.

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