Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.
An online company would show a particular price to the customer and then quickly increase the cost after analysing consumer behaviour or detecting any kind of desperation.
For now, Modi's government appears singularly focussed on demonstrating that it is not in any way inhibited by the BJP's loss of a majority, and will continue along its patented path of bulldozing all opposition and doing just as it likes, asserts Prem Panicker.
The bill was passed by Rajya Sabha yesterday. The Act comes into effect with its publication in the official gazette on Thursday.
If you don't make the necessary adjustments after October 1, 2024, you'll stop earning interest on accounts that aren't in compliance rediffGURU Milind Vadjikar
Federal Bank on Thursday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd () for acquiring up to 9.95 per cent stake in the bank. RBI accorded the approval subject to conditions on Thursday, Federal Bank said in a regulatory filing.
Under the proposed rules, individuals or companies will have to register with the central licensing authority to run an e-pharmacy; state-wide registration is not required.
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
'As the city grows, so do its fire incidents.'
State school education minister Anbil Mahesh Poyyamozhi assured that action will be taken against the speaker for his controversial speech at a government school in Chennai.
A child who is less than 12 years of age must be allotted a seat beside at least one parent or a guardian with whom he is travelling, the Directorate General of Civil Aviation (DGCA) told airlines on Tuesday. The DGCA has said that the air transport circular on unbundling of services and fees by scheduled airlines is being modified. It allows airlines to charge for excess baggage, preferential seats, meals, snacks, drinks, and carriage of musical instruments.
Editors of major Indian television news channels have described the central government's proposed amendments to the Cable Television Networks (Regulation) Act to regulate electronic media as an assault to the principles of free media and right to speech and expression. They asked Prime Minister Manmohan Singh to intervene and uphold the democratic credentials of the country.
The government today said the proposed Financial Stability and Development Council, an inter-regulatory agency headed by the finance minister, would not act as a super regulator.
The CBI has registered a case of alleged violation of the Foreign Contribution (Regulation) Act against human rights activist Harsh Mander and his NGO, and searched his premises on Friday, officials said.
In a setback to the Centre, the Supreme Court on Thursday held that states have the legislative competence to impose taxes on mines and minerals-bearing lands under the Constitution.
An assistant grade employee of the Madhya Pradesh government was suspended on Thursday on charges of showing 'insensitivity' and being 'negligent' towards an elderly farmer who rolled on the floor of Mandsaur district collectorate to protest alleged land grabbing, an official said.
A plea has been filed in the Supreme Court challenging the rules issued by the Union health ministry which prohibit donor gametes to couples desirous of having children through surrogacy on the ground that it frustrates the provisions of the Surrogacy (Regulation) Act, 2021, which gives the right of parenthood to infertile couples.
'In India, managers and the leadership almost glorify overworking.'
A five-judge Constitution bench of the Supreme Court, by a 3:2 majority, on Tuesday upheld one of the adoption regulations prohibiting unmarried and queer couples from adopting children.
The guidelines have been prepared in line with the National Education Policy (NEP) 2020 that has envisioned that top universities in the world will be facilitated to operate in India.
Additional Solicitor General Aishwarya Bhati, appearing for the Centre, informed the bench that the issue of single unmarried women opting for surrogacy is pending before a larger bench.
What all global leaders need to understand is that no Generative AI regulation will work unless they start with the basics, which is data collection, asserts Prosenjit Datta.
The Lokpal was functioning without its regular chief since Pinaki Chandra Ghose completed his term on May 27, 2022.
The Competition Commission of India has introduced draft regulations for combinations or mergers, under the new competition Act, to bring global deals in the digital space, including those involving Big Tech companies, under its scanner. The draft regulations would provide guidance on the valuation of merger transactions and the criteria for assessing sustainable operations in India for companies. The proposed rules mention that if the number of users and subscribers, or the turnover or gross merchandise value in India is over 10 per cent of the global figure, the company would be considered to have substantial business operation in India and would need CCI approval for the merger.
Move to shift powers from RBI without discussions baffles many
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".
The Union home ministry has granted approval to the Shri Ram Janmbhoomi Teerth Kshetra to receive contributions from foreign sources for the construction of Ram temple in Ayodhya, its general secretary Champat Rai said on Wednesday.
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed at making the life of farmers easier, with quicker approvals but not compromising on quality, is in the works as part of the 100-day agenda of Modi 3.0. Also, ways to administer fertiliser subsidy more effectively and cutting down on leakages and diversions to build on the success of neem-coated urea are being thought of.
Ask your HR department for details about the fund, trustees and returns
Dashing opener Shafali Verma smashed 81 off 48 to power India to 178 for 3.
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
No more a paper tiger, the Advertising Standards Council of India will partner the Department of Consumer Affairs to enforce better compliance.
Recent data on the Food Safety and Standards Authority of India show its commendable performance. But there is an urgent need to address certain issues related to the way it functions and its infrastructure, says A K Bhattacharya.
The Aam Aadmi Party dismissed the allegation as "baseless" and claimed it was "another conspiracy hatched by the BJP" to tarnish AAP's image ahead of voting for Lok Sabha seats in Delhi and Punjab.
The order comes a day after Trump accused Twitter of election interference, after it added fact-check links to two of his tweets.
'Shark fins are the most sought-after shark product.'
Official sources on Thursday had said the MEA is processing the Karnataka government's request to cancel Prajwal's diplomatic passport. Currently, he is believed to be in Germany.
