The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.
On Monday, another accused Meeran Haider also applied to the restoration of inmate daily phone call facilities.
Restrictions continue to be imposed for the 66th consecutive day since the abrogation of the state's special status under Article 370 on August 5.
As many as 14 opposition MPs were suspended from Parliament for the remainder of the winter session for disrupting proceedings, as the Lok Sabha security breach incident snowballed into a major row on Thursday with the government asking the opposition not to "politicise" the "grave national issue" and the Congress, Trinamool Congress and others demanding a statement from Home Minister Amit Shah.
Wearing garlands, the farmer leaders, who had called for observing 'Sadbhavana Diwas' (Harmony Day) on Saturday after the immense outrage over violence by protesters during their Republic Day tractor rally, sat on the dais during the fast, as crowds of supporters swelled, especially in Gazipur where the Bharatiya Kisan Union is leading the protest.
Security deployment remained in vulnerable areas and mobile and internet services were yet to be restored in most parts of the Valley 48 days after the Centre abrogated Article 370 provisions of the Constitution.
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The visibly heartbroken and exhausted parents of Nirbhaya on Friday slammed reports of the Home ministry contemplating of having the juvenile convict sign a legal bond affirming good behaviour after his release, and demanded to know how it would guarantee that he would not repeat the crime again.
With the Supreme Court declining to accord legal recognition to same-sex marriage on Tuesday, a section of the LGBTQ+ community, petitioners and activists highlighted the positives in the ruling and called for legislative action while others expressed dismay and concern.
Several protests -- some peaceful, some violent -- erupted across India on Monday against the police crackdown in Jamia Millia Islamia and the controversial citizenship law as students and political leaders took to the streets, even as Prime Minister Narendra Modi called these protests "deeply distressing" and appealed for peace.
A girl, around 12 years of age, was found bleeding on a street in Ujjain city of Madhya Pradesh, and her medical examination confirmed that she had been raped, police said on Wednesday.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
'They could have told the media that there is nothing in it and let me read it out.'
The Hindu-right group carried out its demonstration despite the imposition of CrPC Section 144 in the city.
On Sunday, Faisal Hussain, 29, opened fire in Toronto's vibrant Greektown neighbourhood, killing a 10-year-old girl and an 18-year-old woman. Thirteen people were also injured in the shooting, some with potentially life-altering injuries.
Prime Minister Narendra Modi on Friday received Bhutan's highest civilian award, the 'Order of the Druk Gyalpo', making him the first foreign Head of the Government to receive the honour.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
Canada's allegations of India's involvement in the killing of a Sikh separatist in Surrey that sparked a diplomatic row between the two nations are based on both human and signals intelligence and inputs from an ally from Ottawa's Five Eye intelligence network, a media report has said citing the Canadian government sources.
Qatar is trying to strike between respecting religious traditions and accommodating the raucous exuberance of more than a million visiting soccer fans.
Arvind Kejriwal on Tuesday dared Delhi Chief Minister Sheila Dikshit for a public debate with him on issues relating to "inflated" power and water bills and women's safety among others.
"Nobody is sympathising with Atiq Ahmad because a criminal should be punished. But anyone who will see this video will question if we are a democracy. Every criminal has the right to be heard in court and be convicted there. But you can see they were killed in police custody in the open," he said.
Union minister Rajeev Chandrashekar on Tuesday rejected Dorsey's claim, calling it an "outright lie" and "an attempt to brush out that very dubious period" of firm's history.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
Clauses on land return, action against officials diluted
Friday prayers have not been allowed at Jamia Masjid - the grand mosque of Kashmir in downtown (old city area) - for the past over two months now.
"Okay. Good," a bench headed by Justice Sanjay Kishan Kaul said when the counsel of Union Territory administration and Iltija informed it about the release of Mufti, who is the president of the PDP.
In the wake of arrest of five persons for extortion in Manipur including a suspected member of a banned terror group, the Manipur police has again warned of stern action against all those who were misusing the uniform for their ulterior motives.
'To avoid accountability and cover the mismanagement of the head of the department, they create this kind of sabotage theory.' 'If it's a sabotage theory, then the higher-level officials can go scot-free.'
Speaking at a bipartisan gathering of US governors at the White House, Trump vowed significant increase in defence law enforcement and law enforcement. "This budget will be a public safety and national security budget," Trump said.
India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.
The taxi-hailing company said it will challenge the decision, which shows the world that "far from being open, London is closed to innovative companies".
The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide.
Former deputy chief minister Sachin Pilot on Tuesday alleged that the Bharatiya Janata Party government at the Centre had 'failed in every field' and claimed if the Congress wins in upcoming state elections, then the Indian National Developmental Inclusive Alliance (INDIA) will form a coalition government in 2024.
Australia has described Canada's allegations about India's involvement in the killing of a Sikh separatist leader as 'concerning' and said Canberra is 'monitoring these developments closely' and has raised the issues with its Indian counterparts.
The 'kisan mahapanchayat' will be held to press for a legal guarantee on the minimum support price, the SKM, an umbrella body of farmers' union, had said last month.
The authorities also sealed the Lal Chowk city centre - the commercial hub of the city - by placing barricades and concertina wires on all entry and exit points leading to the area.
The gunman was shot dead.
Terming Abdullah as "a very vocal critic" of abrogating Article 370, the J&K administration claimed that his acts squarely fell within the realm of public order as it was "calculated to disturb public peace and tranquility".
Twelve people, including six police personnel, were injured in the clashes, they said.
