Make 'doing business' in India easier by cleaning up how 'business connections' of foreign companies are taxed

The bad business of taxing agents

Business Standard

An equitable tax regime makes more sense than debates over whether the rich should pay more

Anjani Kumar: Super-rich tax? Redo the I-T slabs first

A small change in the Income Tax Act from â€˜total incomeâ€™ to â€˜gross total incomeâ€™ can make a big difference in containing black money

Anjani Kumar: Zeroing in on the 'parallel economy'

These days, there is hardly a case in international taxation that does not end up in litigation. Income is currently taxed either on the basis of residence or source of income or both. A look at the facts and the judgments in a few cases will highlight the complexities that arise from this multiple basis of taxation. The advent of the internet and mobile connectivity has compounded the confusion.

Anjani Kumar: Goodbye DTAA, hello DITA?

The Haryana government has notified the procurement of 24 crops at a minimum support price (MSP), extending the list of 14 farm produces that were earlier eligible for guaranteed rates under public procurement system.
The state cabinet of the previous government, which was also headed by Chief Minister Nayab Singh Saini, already approved the proposal of buying 10 additional crops at MSP.
The decision on MSP for additional crops was announced on August 5, months before the assembly polls in October. Till August, government agencies used to procure 14 crops at MSP.
According the latest notification dated December 19, the then Council of Ministers, in its meeting held on August 5, decided to purchase ragi, soybean, nigerseed, safflower, barley, maize, jowar, jute, copra and summer moong at the minimum support price.
The notification said, this was in addition to the crops that were already being procured, including paddy, bajra, kharif moong, urd, arhar, wheat and mustard.
While ...

Nayab Singh Saini, Nayab Singh, Nayab

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud

Agentic AI can process a payment claim on its own or generate images for a social media post without human prompt. It has the agency to learn from its environment

A new era in artificial intelligence (AI) is underway. In a few months, evolved versions of the technology will emerge and find mainstream applications. From AI that works on human prompts, the world will face agentic AI, an autonomous and automated

Two passengers on board a Delhi-bound Air India flight from Copenhagen (Denmark) came to blows over armrest space just when the aircraft was about to land at the Indira Gandhi International Airport on Sunday, a source said.
The flight landed at around 7.35 am.
An Air India official said that the passengers had an argument over some issue at its Copenhagen-Delhi flight of Saturday which was later sorted out "amicably".
According to the source, "The two passengers started an argument over the armrest space in economy class when the cabin crew was serving food and beverages, which turned into a heated exchange. The cabin crew pacified them by giving one of the passengers another seat.
"However, when the aircraft was about to land in Delhi, the passenger came to collect his baggage from the seat he was sitting earlier, they again started the fight and came to blows."
The number of passengers on board the Boeing 787-8 aircraft, operating AI 158 (Copenhagen-Delhi) could not be known.
T

Air India, Indian airlines

Zupee

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

A 50-year-old doctor from Saudi Arabia, who has been living in Germany since 2006, is the prime suspect in the Christmas market attack in Magdeburg, which killed five people

Germany police

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

IPO rush, market

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday.
The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said.
Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government officia

Maharashtra Deputy Chief Minister Ajit Pawar on Thursday urged the BJP-led Centre to remove the 20 per cent levy on onion exports and provide relief to the grower of the bulbous vegetable.
In a letter to Union Commerce Minister Piyush Goyal, Pawar highlighted the issues concerning farmers from Nashik district, where onion is grown in large quantities.
The onions grown here (in Nashik) are available in other states of India and also exported in large quantities. As of today, onions from the summer yield have been exhausted and the fresh crop has reached various (Agriculture Produce) Market Committees in Maharashtra, Pawar wrote.
Due to the arrival of a large stock of onions, farmers are now in distress as they are forced to sell their produce at a much lower rate since they have yet to receive any minimum support price, said Pawar. They are selling onions at an average of Rs 2,400 per quintal, he said.
Unseasonal rains and changing climate have already caused a huge dent in the ...

Ajit Pawar, Ajit

If you need money for an emergency, your goal is near, or with advancing age you prefer a lower allocation to equities, consider redeeming

mutual fund

Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts

Asked what he might be able to offer Trump, Putin dismissed an assertion that Russia was in a weak position, saying that Russia had got much stronger since he ordered troops into Ukraine in 2022

Vladimir Putin, Putin

Home sales jumped 4.8 per cent last month to a seasonally adjusted annual rate of 4.15 million units, the highest level since March

US flag, US, united states

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

weddings, marriage

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

Anjani Kumar

Anjani Kumar

Anjani Kumar

The bad business of taxing agents

Anjani Kumar: Super-rich tax? Redo the I-T slabs first

Anjani Kumar: Zeroing in on the 'parallel economy'

Anjani Kumar: Goodbye DTAA, hello DITA?

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Haryana govt notifies procurement of 24 crops at minimum support price

Cloud, AI will become synonymous in 2025: Wipro FullStride Cloud's Debecker

Agentic AI: Technology that will work for the world on its own agency

Passengers on board Delhi-bound Air India flight fight over armrest space

Zupee Crosses 100 Million Users Milestone : What Worked For the Online Gaming Platform?

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FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

Who is the Saudi-born suspect behind Germany Christmas market attack?

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG