The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
Bharatiya Janata Party MP Tejasvi Surya and editors of some Kannada news portals have been booked for allegedly spreading fake news linking a farmer's suicide to land disputes with Waqf Board, police said on Friday.
West Bengal Chief Minister Mamata Banerjee on Thursday asserted that she did not threaten junior doctors at state-run hospitals, who have been continuing cease-work for 21 days now to protest against the alleged rape and murder of a woman medic. Addressing a rally organised by the Trinamool Congress Chhatra Parishad, Banerjee had on Wednesday urged the agitating junior doctors of Bengal to urgently consider returning to duty and said she doesn't want to lodge first information reports (FIRs) against the striking doctors in consideration of their future careers.
The three points on which clarifications are sought include widening of powers of special designated courts and that no court could grant anticipatory bail and a suggestion by the Centre for adding a new provision for compounding offences.
The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.
A bench of Justices Hrishikesh Roy and S V N Bhatti said it won't issue any clarification on the July 22 order as "We have said what needed to be said in our July 22 order. Can't force anyone to disclose names."
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could take a call on ending uncertainty on taxing foreign airlines and shippers as regards certain services, a senior official in the know told Business Standard. He said the Council was expected to decide on exempting the services in question from GST - aircraft lease rentals, maintenance, crew salaries, etc. These services are provided by foreign airlines to their Indian operations.
.jpg)
The inter-ministerial body will take the final decision on October 29 taking into account Trai's reply.
Activist Arvind Kejriwal on Sunday described the clarifications of realty major DLF on his allegations that Robert Vadra was given property at throw away prices for government favours as "half truths and lies".
The Bharatiya Janata Party on Tuesday sought a clarification from the United Progressive Alliance government on the alleged tapping of over one lakh telephones across the country, describing it as a 'cause of grave concern'. Stating that this amounted to misuse of power, opposition leader in Rajya Sabha Arun Jaitley said, "The government has to confirm that tapping is being done only on considerations of security and also state how many phones are being tapped".
Maharashtra Chief Minister Eknath Shinde on Wednesday claimed that the protest at Badlapur in Thane district over the alleged sexual abuse of two kindergarten girls was politically motivated and aimed at maligning the state government.
Union Education Minister Dharmendra Pradhan on Wednesday said the Preamble to the Constitution is very well there in NCERT textbooks of Class VI as he refuted charges made in this regard by Congress president Mallikarjun Kharge.
In a development that may encourage increased investment in commercial real estate, the Supreme Court on Thursday gave the industry relief by permitting input tax credit (ITC) on construction expenses for buildings meant to be leased. "If the construction of a building was essential for carrying out the activity of supplying services, such as renting or giving on lease or other transactions in respect of the building or a part thereof, which are covered by clauses (2) and (5) of Schedule II of the CGST (Central Goods and Services Tax) Act, the building could be held to be a plant," said Justice Abhay S Oka and Justice Sanjay Karol.
Karnataka Chief Minister Siddaramaiah on Thursday held discussions with his cabinet colleagues in the wake of the Governor Thaawarchand Gehlot reportedly issuing him a 'show-cause notice', seen as a precursor to sanctioning his prosecution in the alleged Mysuru Urban Development Authority (MUDA) site allotment 'scam'.
NTPC was to open letter of credit in favour of RIL for an amount equivalent to a month's supplies.
BSE Consumer Durable index surged by over 3% followed by counters like Capital Goods, Auto, Power and Metal, all gaining between 1-2%.
The stipulation that new front-end stores will have to be set up will impact M&A in the sector.
The choice that bypasses several other senior government leaders is likely to set a stage for another round of tussle between the AAP dispensation and the LG Secretariat.
French police have arrested a Russian man suspected of planning to destabilize the Olympics.
Leaders of agitating ex-servicemen over One Rank One Pension met Defence Minister Manohar Parrikar on Saturday night after which they said the government was likely to come out with a "clarification" on its applicability to those who have opted for premature retirement.
The strains are telling as old friends and new enemies face each other in the battlefield.
'He asserted in his usual jovial style that he was not an MBA like his audience at IIM-Ahmedabad but perhaps had an even better business degree: MBB'. 'He went on to explain to his perplexed, blue chip B-School audience that MBB stood for "Marwadi by birth"!' Shivanand Kanavi salutes Shashi Ruia, co-founder of the Essar group who passed into the ages on November 25, 2024 in Mumbai.
Indian pharmaceutical companies are stepping up their efforts to combat the problem of counterfeit drugs, employing a variety of strategies, from packaging innovations to engaging private investigation agencies. The stakes are high, as counterfeit medicines not only harm consumers but also tarnish the reputation of leading brands.
From the time he first rose to prominence during the movement against the then UPA government, Arvind Kejriwal has regularly grabbed headlines for his surprise moves and decisions. Here are 10 such instances.
The notices from the stock exchanges followed reports about Cyrus Mistry disclosing possible writedown to the tune of $18 billion faced by the conglomerate
The controversy was triggered by a reply from the ministry of home affairs to an RTI filed by a Kolkata resident.
'You are not taking any interest in organisational work and election campaigning ever since the party declared Manish Jaiswal as the candidate from the Hazaribagh Lok Sabha seat. You did not even feel the need to exercise your vote. The party's image has been maligned because of your conduct.'
The government on Friday night decided to approach the Supreme Court for clarification on certain aspects of the judgement halting the privatisation of two public sector oil units.
The Supreme Court Registry is learnt to have refused to accept the Centre's plea seeking modification of its 2012 verdict in the 2G spectrum case which had said the State was duty bound to adopt the auction route while transferring or alienating the country's natural resources.
The All India Tennis Association claimed that Sumit Nagal demanded an annual fee of $50,000 to play Davis Cup ties for India.
On August 13, Bombay High Court lifted the ban on nine variants of the fast food.
Jani said that as a food blogger, she has informed people about local cuisines of various places and that's what happened in Kerala video, whose screenshots are being used.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
.jpg)
The exchanges have observed significant price and volume movement in the scrips of MCX in the recent past.
The health department said two of the persons on the contact list are from Palakkad, while four are from Thiruvananthapuram.
The United States on Friday expressed concern over India's crackdown on Ford Foundation and Greenpeace, and said it is seeking "clarification" on the action.
Perturbed over calling 26/11 Mumbai terror attack mastermind and Jamaat-ud-Dawa chief Hafiz Saeed as as 'sahib' by a United States Security Council panel, India will seek a clarification on it from the world body.
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
