Legal hurdle cited in I-T action against 32,000 entities.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
'China's vulnerability on the global stage has given an opening to India to push for its own interests,' notes Harsh V Pant.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
'He was sought after because he delivered.' Ishita Ayan Dutt profiles Tata Steel's new boss.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
Kerala, Karnataka, Tamil Nadu and Telangana have announced a lockdown of educational institutions, malls and other places that attract people in large numbers, even as some of them have been reporting increase in positive cases.
Gokhale and Pompeo expressed satisfaction over the significant progress and the quality of the India-US Strategic Partnership
Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
"RBI has been following a good policy. These are the ways of correcting international imbalances," Department of Economic Affairs Secretary R Gopalan said on the sidelines of a seminar organised by ICRIER in New Delhi.
Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand
The Doha negotiations has been virtually stalled since July 2008.
Exports to India support 180,000 US jobs.
"We have many relationships...they have a history. We will do what is in our national interest and part of that strategic partnership is the ability of each country to comprehend and appreciate the national interest of the other," Jaishankar said.
'There is no shortage of any APIs (active pharmaceutical ingredients) in the country'
Shares of Bharti Airtel on Wednesday fell 6 per cent amid reports that the government is learnt to have approved levying of Rs 650-crore penalty on the company for violating roaming norms in 13 service areas between 2003 and 2005.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
The new law permits for the first time Chinese security agencies to open their establishments and operate in Hong Kong.
Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds kept pressure on the rupee.
India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
India needs to take note of China's assertiveness in implementing its national security law as also its recently exhibited sensitivity to criticism of Xi Jinping by the Indian media, says former senior R&AW officer and China expert Jayadeva Ranade.
Air-India, India's flagship international carrier, on Thursday launched its first flight to the Chinese metropolis of Shanghai, marking the burgeoning trade and economic exchanges between the two neighbouring countries.
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
'This allows opportunities for (Chinese) entry into the domestic politics of Nepal, something that is also encouraged by Nepali politicians's willingness to play the China card (vis-a-vis India).'
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
Unlike other countries, the US does not send its election observers to India because of the strong independent credentials of the Election Commission of India.
Kerala, Punjab, Telangana and Andhra Pradesh are among the major agriculturally important states that have banned the use of glyphosate citing its adverse impact on human health.
'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
By passing this bill, Congress is showing that the US will not turn a blind eye to the suffering of the oppressed, House Republican Leader Kevin McCarthy said.
The illegal trade in red sanders wood, which sells for up to Rs 80 lakh a tonne in some Asian countries, involves a complex nexus of smugglers and impoverished woodcutters.
David H McCormick, under secretary for international affairs at the US Department of Treasury, said on Tuesday that in an era of global trade and investment both the US and Asia need each other to maintain strong economic growth. McCormick was speaking at the Asia Society on 'US-Asia Economic Relations -- the Next Chapter,'.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
Now, the NDAA needs to be passed by the Senate before it can be sent to the White House for the US President Donald Trump to sign into law.
Urimai Kural, part of the Gram Vaani community radio station that spans 15 states, serves as a much-needed helpline for harassed garment factory workers.
The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
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