The government has further sweetened the proposed privatisation of Air India.... The Central Board of Direct Taxes( CBDT) has exempted the airliner from deducting tax collected at source( TCS). According to provisions introduced last year, any seller is required to collect TCS at 0.1 per cent on sale of goods to any person for aggregate value exceeding Rs 500, 000.... For the purpose of this provision, shares of a company sold off stock exchange are considered as goods and therefore are subjec

India's gasoil demand contracted by about a fifth during the first fifteen days of November from the pre-COVID levels, after a festive season led brief recovery last month, preliminary sales data of state-run refiners showed. India's gasoil consumption, which accounts for about two-fifths of the country's fuel demand, typically rises during a month-long festival season that ended earlier this month with the celebration of Diwali as diesel-guzzling trucks hit the road and industrial activity gath

Amazon. com Inc has been hit with an$ 886.6 million( 746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation( GDPR), the e-commerce giant said on Friday. The Luxembourg National Commission for Data Protection( CNPD) imposed the fine on Amazon Europe Core in a July 16 decision, the company disclosed in a regulatory filing.... ( https:// bit.ly/ 2TLIZQ8)" We believe the CNPD's decision to be without merit and intend to defend

SINGAPORE( Reuters)-Singapore's health ministry said it is looking into an" unusual surge" in infections after the city-state reported 5, 324 new cases of COVID-19 on Wednesday, the most since the beginning of the pandemic. Singapore also recorded 10 new deaths from the disease on Wednesday, taking the toll to 349." The infection numbers are unusually high today, mostly due to many COVID-positive cases detected by the testing laboratories within a few hours in the afternoon," the ministry of hea

Oct 20( Reuters)-Global ratings agency SP on Friday downgraded Egypt's long-term sovereign credit rating by one notch to" B-", citing the country's mounting funding pressures. Egypt is battling an economic crisis that has triggered a string of currency devaluations, record inflation, and pushed more of its citizens to seek risky routes out of the country.SP said the downgrade reflects the recurring delays to the implementation of monetary and structural reforms in the country, among other factor

Now, information on interest, dividend, securities transactions, mutual fund transactions, foreign remittance is just a click away for income tax payers. The Income tax department has rolled out the new Annual Information Statement( AIS) on the compliance portal, which provides a comprehensive view of information on various transactions and income listed above to a taxpayer with a facility to capture online feedback.... " Taxpayers should check all related information and report complete and ac

By Nivedita Balu and Jeffrey Dastin( Reuters)-Amazon. com Inc on Tuesday announced a household, canine-like robot called Astro and a deal with Walt Disney Co to imbue its voice-controlled tech in resort hotels, striving to make its virtual aide Alexa a bigger part of consumers' lives. The home robot is designed to take up tasks such as home monitoring, setting up routines and reminders, and can play music and TV shows while rolling around the house. The device, which has digital eyes on a rotati

On April 10 at 13:00Moscow time, the Valdai Club will host an expert discussion titled “Star Wars Again? Space and Geopolitics. ”Twenty-two years after the first manned space flight by Soviet cosmonaut Yuri Gagarin, the Ronald Reagan administration launched the Strategic Defence Initiative.

With the role of Tariff Authority for Major Ports( TAMP) diluted considerably, the asset monetisation plan for ports could draw strong private party participation as it improves clarity on return on investment.“ It is a move in the right direction.... For the bulk projects, participation is mostly likely to be regional as in domestic players, ” said Garg. India has a 7500 km coastline with 12 major ports and more than 200 private ports.... The country’s 95 percent trade volume and 65 percent o

The announcement by the Central Government to convene a special session of Parliament from 18 to 22 September has raised the political heat in the country ahead of state assembly elections and Lok Sabha elections 2024.... The murmurs point to some big decisions by Prime Minister Narendra Modi's government ahead of the general elections.... Along with that, we would require additional funds and time to manufacture VVPATs and EVMs and additional deployment of paramilitary forces will also be req