Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
Foreign direct investment (FDI) in India has declined by six per cent to $5.47 billion during January-March quarter of the current calender year even as government is making efforts to promote the country as an investment destination.
Exporters can make payment of fees through debit/credit cards.
'India's preference today seems to be to exploit the deepening chill in relations with China to breathe new life into its meandering partnership with the US,' argues Ambassador M K Bhadrakumar.
Janne-Mette Johansson, a Norwegian national on a tourist visa, came under the scanner of Bureau of Immigration authorities over her suspected participation in an anti- Citizenship Amendment Act protest in the Kochi three days ago.
...but are we chasing yesterday's dreams, asks Ajit Balakrishnan.
The new foreign trade policy is considered to be less effective.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
Leading brewer Anheuser-Busch InBev will pay USD 6 million (Rs 40.2 crores) to the American authorities for settling charges of making "improper payments" to government officials in India to push sales and production.
The company has pointed at the possibility of fines and financial penalties.
Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.
FATCA will facilitate flow of financial information between countries.
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.
CBI has also summoned a senior official of Reliance Industries Limited and a noted chartered accountant.
The 2012 Republican presidential nominee and one of Trump's most vocal Republican Party critics during this year's election campaign, met privately with the President-elect for about an hour.
Two Indian clerics, including the head priest of New Delhi's Nizamuddin Dargah, have gone missing in Pakistan
The regulations will only apply to the share purchases that have been done after October 1, 2004
'It's a very tough situation. We're talking to India. We're talking to China. They've got a big problem there'
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
'Education is disconnected from social reality and does not even attempt to solve the real problems of our country,' observe Peehu Pardeshi and Sandeep Pandey.
The chances of the posts opening remain slim, with security agencies recently identifying 10 suspects who smuggled in weapons, narcotics and fake currency.
Should India engage Pakistan's generals directly, bypassing Imran? Ambassador G Parthasarathy, India's former high commissioner to Pakistan, ponders Delhi's diplomatic dilemma.
A host of companies have been lined up by the disinvestment department as candidates for stake sale.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Experts say only three per cent individuals pay taxes.
Reason for rejection hasn't been stated; deal among seven rejected transactions.
Embraer cannot escape Indian laws just because it has struck a settlement with American authorities, Parrikar said.
China on Monday said Defence Minister A K Antony's visit Beijing has given both countries an opportunity to enhance their "strategic cooperative partnership" and jointly maintain peace and tranquillity in the border areas through increased military-to-military coordination.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
In the past, several other Indian nationals have been named in such notifications after the Swiss FTA was approached by Indian authorities for information about those people with regard to the pending tax-related probes against them.
'The Modi government would chaff at the very idea of holding talks with Pakistan, facilitated by Washington and under close US monitoring, when the 2019 poll is sailing into view.' 'But in politics and diplomacy, there may be moments when drinking from the chalice of poison is necessary,' says Ambassador M K Bhadrakumar.
Sensex heavyweight Reliance Industries fell 2.76 per cent. In percentage terms, major laggards were Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank -- plunging as much as 6.62 per cent.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The move is likely to hit Bharti-Walmart, the 50:50 joint venture between the US' Walmart and Sunil Mittal-led Bharti Group that operates cash-and-carry outlets in India, the most.
Infosys new chief executive officer and managing director Vishal Sikka took charge of the company in August.
Delhi finds itself between the rock and hard place in the coming Sri Lankan election, points out Ambassador M K Bhadrakumar.
