The indirect transfer tax provisions introduced retrospectively by the Finance Act 2012 leave scope for controversy. Clarity must be provided upfront

Paresh Parekh: Avoiding another Vodafone

Business Standard

Drawback and Rodtep will be available only against export of goods. At the time of export of goods, one must declare the value of the goods in the shipping bill

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

Noida (Uttar Pradesh) [India], December 23: India's Future Investors (IFI), the nation's first investment reality TV show, is set to transform financial education and wealth creation for millions. This groundbreaking initiative brings together education, entertainment, and practical investing skills to inspire India's new generation of investors.

India\'s First Investment Reality TV Show to Revolutionize Financial Literacy

New Delhi [India], December 23: PayU, one of India's leading digital financial services providers, has announced the integration of LazyPayEMI solution into its checkout platform. This integration underscores PayU's commitment to enhancing affordability and accessibility in digital payments, empowering merchants to offer seamless paymentoptions for high-value online purchases to customers at checkout.

PayU Integrates LazyPayEMI to Offer Seamless Checkout Solution for Millions of Indian Consumers

New Delhi [India], December 23: In the fast-paced business world, Infinite Square Pvt. Ltd. shines as a beacon of innovation, success, and unparalleled growth potential. As a B2B eCommerce company leveraging AI and cutting-edge technology, Infinite Square is revolutionizing the industry and now inviting investors in Surat to join its transformative journey.

Infinite Square Pvt. Ltd.: A Golden Opportunity for Surat Investors

Bangalore (Karnataka) [India], December 23: Forensic Science has become an indispensable part of modern judicial systems, combining science and technology to uncover truths and solve crimes. JAIN (Deemed-to-be University), School of Sciences, Bangalore, offers two advanced programs: Bachelor of Science (Honours / Honours with Research) in Applied Forensic Science with CSoFS-UK and Bachelor of Science (Honours / Honours with Research) (for Professional Courses) in Forensic Science. These meticulously crafted programs cater to students aspiring to revolutionise crime investigation and pursue rewarding careers in the field.

Empowering Future Forensic Scientists: JAIN (Deemed-to-be-University)\'s Trailblazing Forensic Science Programs

Markets Today LIVE: Indian benchmark equity indices were likely headed for a strong start, after lower-than-expected core inflation reading in the US boosted Wall Street shares there

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

Latest news updates: Catch the latest news developments here

Shyam Benegal, Indian director and screenwriter at International Film Festival of Kerala 2016

Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore.
"Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint," the conglomerate said in a statement.
With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.

Adani

Shares of Pearl Global Industries hit a new high of Rs 1,422.05, surging 9 per cent on the BSE in Monday's intra-day trade in otherwise weak broader market.

Sensex, Nifty, stock brokers

Here are the best of Business Standard's opinion pieces for today

Illustration: Binay Sinha

The Union Minister of State for Health and Family Welfare, Prataprao Jadhav stated this in a written reply in the Lok Sabha on Friday

Ayushman Bharat , PMJAY

Hours to go before a midnight government shutdown, the House approved a new plan late Friday from Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump's demands for a debt limit increase into the new year.
Johnson insisted Congress would "meet our obligations" and not allow federal operations to shutter ahead of the Christmas holiday season. But the day's outcome was uncertain after Trump doubled down on his insistence that a debt ceiling increase be included in any deal -- if not, he said in an early morning post, let the closures "start now".
The bill was approved 366-34, and now goes to the Senate, for expected quick passage.
"We are excited about this outcome," Johnson said afterward, adding he had spoken with Trump and the president-elect "was certainly happy about this outcome, as well".
It was the third attempt from Johnson, the beleaguered House speaker, to achieve one of the basic requirements of the .

US Congress

On the instructions of Chief Minister Yogi Adityanath, the Uttar Pradesh State Industrial Development Authority has fast-tracked several key infrastructure projects in the industrial areas of Surajpur in Gautam Buddh Nagar district, officials said on Friday.
The initiatives aim to bolster industrial growth, attract large investors, and contribute to Uttar Pradesh's ambition of becoming a USD 1 trillion economy, according to UPSIDA Chairman Mayur Maheshwari.
Speaking on the developments, Maheshwari, a senior IAS officer, said, "Under the leadership of Chief Minister Yogi Adityanath, UPSIDA is continuously working to upgrade the state's industrial infrastructure.
"These projects will not only benefit industrialists in the region but also the local population, fostering economic growth and job opportunities," he said.
A major aspect of the UPSIDA's push is the fast-tracked development of key infrastructure in Surajpur. One of the focal points of the ongoing improvements is the ...

Yogi Adityanath, yogi, UP CM

France's anti-terrorism court convicted eight people on Friday of involvement in the beheading of teacher Samuel Paty in 2020.
Paty was killed near Paris on October 16, 2020, days after showing his class cartoons of the Prophet Muhammad during a debate on free expression. The assailant, an 18-year-old Russian of Chechen origin, was shot to death by police.
Those convicted were accused, in some cases, of providing assistance to the perpetrator and, in others, of organising a hate campaign online before the murder took place.
The shocking death of the 47-year-old Paty left an imprint on France, and several schools are now named after him.
The convicts include friends of assailant Abdoullakh Anzorov who allegedly helped purchase weapons for the attack and the father of a schoolgirl whose lies started the fatal spiral of events.
The attack occurred against a backdrop of protests in many Muslim countries and calls online for violence targeting France and the satirical French newspaper

France flag

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.
"States did not feel comfortable. They didn't want the ATF because they saw it as part of the crude petroleum diesel basket, and therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today," she said while briefing media on the outcome of 55th GST Council meeting here.
Besides, she said, no decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (Go) needed more time to study the issue.
Many inputs are awaited including the one from insurance regulator IRDAI, she said.
She further said that the GST Council has also deferred the decision with regard to rate rationalisation as more time is required by the GoM for a comprehensive study.
However, the Council made suggestions with regard to GST rate revision on various items including ...

Nirmala Sitharaman, Union Finance Minister

The incident occurred on December 18, when the Indian Navy lost control while undertaking engine trials in Mumbai Harbour due to an engine malfunction

Mumbai ferry collision

An inquiry commission formed by Bangladesh's interim government has said that it has found India's "involvement in alleged incidents of enforced disappearances during deposed prime minister Sheikh Hasina's regime, the state-run news agency BSS reported on Saturday.
The Bangladesh Sangbad Sangstha quoting the Commission of Inquiry on Enforced Disappearance said, The Indian involvement in Bangladesh's system of enforced disappearances is a matter of public record."
The report said that according to the five-member commission headed by a retired Supreme Court judge, there was a persistent suggestion in law enforcement circles that some Bangladeshi prisoners might still be languishing in Indian jails.
"We recommend the Ministries of Foreign and Home to extend their best efforts to identify any Bangladeshi citizens who may still remain incarcerated in India. It is beyond the jurisdiction of the commission to follow this trail outside Bangladesh," the commission said.
The commission said

Bangladesh flag, Indian flag

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

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Paresh Parekh: Avoiding another Vodafone

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Exporters: Know when you can claim duty drawback and Rodtep benefits

India's First Investment Reality TV Show to Revolutionize Financial Literacy

PayU Integrates LazyPayEMI to Offer Seamless Checkout Solution for Millions of Indian Consumers

Infinite Square Pvt. Ltd.: A Golden Opportunity for Surat Investors

Empowering Future Forensic Scientists: JAIN (Deemed-to-be-University)'s Trailblazing Forensic Science Programs

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Stock Market Highlights: Benchmarks end 5-day losing streak; Sensex soars 498pts, Nifty above 23,750

Osho Krishan of Angel One recommends buying these two stocks on Dec 23

News updates: Filmmaker Shyam Benegal passes away at 90 after prolonged illness

Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value

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