Sameer Gupta, National Tax Leader, EY India

Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making

Advancing tax administration: Role of technology in India's tax ecosystem

Business Standard

Capital gains tax suffers from varied tax rates or holding periods for different types of instruments even though they fall within the same asset class

The capital gains tax conundrum

New Delhi [India], December 24: FlowerAura, a leading name in the gifting and floral industry, has launched its much-anticipated New Year collection, offering an array of thoughtfully curated gifts to mark the spirit of new beginnings. From luxurious gourmet hampers and traditional Gajak assortments to personalised calendars and stationery, the collection is designed to make New Year gifting an extraordinary experience.

Create Your Own Hamper with FlowerAura\'s Unique New Year Gift Offerings

New Delhi [India], December 24: Adventures Overland, India's most-awarded travel company and pioneer of unique expeditions, proudly announces its latest and grandest offering: Around the World in 80 Days.

Adventures Overland Sets the Bar with an Unparalleled World Trip: Around the World in 80 Days

Delhi NCR [India], December 24: TheLiveShow, a dynamic platform dedicated to connecting talented musicians and live entertainers with event organizers, is quickly transforming the live music ecosystem. Founded in 2022, TheLiveShow is on a mission to bridge the gap between exceptional artists and individuals or organizations seeking entertainment for weddings, corporate events, and private parties.

TheLiveShow Revolutionizes the Live Music Industry, Connecting Artists and Event Organizers

A group of scientists have challenged dark energy's existence and suggested that the universe's expansion is accelerating due to uneven gravitational effects on time

star birth, NASA, black hole, space

India and the US jointly designed the NISAR satellite which is set to be launched next year. It can gather images with dual frequency radar, effectively functioning in darkness and adverse weather

Indo-US NISAR satellite

Airtel adds 1.9 million users after 3 months, BSNL grows base

Jio IPO size is being derived on the basis of its valuation benchmarked against Airtel

Air Works, which has a workforce of more than 1,300 personnel, handles MRO work for commercial as well as defence aircraft

Jeet Adani, director of Adani Airport Holdings Limited (AAHL)

India has become most populous nation. But with fertility rate slowing, there are concerns that it may grow old before getting rich. The second part of the series explores demographic challenges

population

Markets Today LIVE: With Wall Street, driven by the so-called Santa Clause rally, and Indian markets closing higher in the previous trading session, investors would be looking to continue the momentum

The Securities and Exchange Board of India (Sebi) has proposed measures to regulate algorithmic (algo) trading by retail investors, introducing new checks and balances for stock brokers and exchanges. Currently, algo trading is dominated by instituti

Targets fiscal deficit 'lower than 4.5% of GDP'

budget

A major landslide occurred on Dharchula-Tawaghat-Lipulekh road here in Uttarakhand, resulting in the closure of the road. There was no casualty, officials said.
The landslide occurred around 11 am near Tawaghat in Pithoragarh, District Magistrate Vinod Goswami said.
While there was no casualty in the incident, the landslide led to the closure of the road, he said.
"SDM Dharchula and BRO officials have reached the spot and work on opening the road to Lipulekh on India-China border is on," he said. The road will be reopened soon, the DM added.
The landslide probably occurred when debris from another road that is under construction above the main road started sliding, Goswami said.
Chief Minister Pushkar Singh Dhami said traffic has been affected due to the landslide on Tawaghat-Dharchula National Highway.
Expressing relief over the fact that there was no casualty in the landslide, he said efforts are on to open the route as soon as possible.
"The district administration and the ..

landslide, Rudraprayag Landslide, Rudraprayag Rescue

The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday.
At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge.
This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants.
The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .

NPS, Pension

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime of popcorn.
"Ready-to-eat popcorn", which is mixed with salt and spices, and has the essential character of namkeens currently attracts a 5 per cent GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12 per cent GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.

Just before the clock strikes midnight, a world of cinema opens at TIFF

With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka's credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.
Fitch upgraded Sri Lanka's long term credit default rating to CCC+ from CCC- on Friday as it said that the risk of another default on local currency debt has been reduced by the completion of the international sovereign bond restructuring and an improved outlook for macroeconomic indicators.
Mahinda Siriwardana, a top bureaucrat in the Finance Ministry, said in a statement: December 20 marked a major milestone in our economic recovery process as Sri Lanka officially exited sovereign default.
Sri Lanka had plunged into an economic crisis when the island nation declared sovereign default in mid-April of 2022, its first since gaining independence from Britain in 1948. Almost civil-war-like conditions and months of public protests led to the fleeing of the then president Gotabaya Rajapaksa.
Rani

Sr Lanka, Sri lanka flag

"Marriage is a relationship built on mutual trust, companionship and shared experiences," the Supreme Court has said as it upheld a Madras High Court decision granting divorce to an estranged software engineer couple.
A bench of justices Vikram Nath and PB Varale said the length of separation and the evident animosity between husband and wife make it clear that there is no possibility of the marriage being revived.
"Marriage is a relationship built on mutual trust, companionship, and shared experiences. When these essential elements are missing for an extended period, the marital bond becomes a mere legal formality devoid of any substance," the bench said.
It added that the court has consistently held that prolonged separation, coupled with inability to reconcile, is a relevant factor in deciding matrimonial disputes.
"In the present case, the length of separation and the evident animosity between the parties make it clear that there is no possibility of the marriage being revived,

marriage

Three scenarios culminated in mutual annihilation, with both the US and China engaging in a nuclear exchange that decimated cities and resulted in millions of casualties

US China flag, US-China 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

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

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

Sameer Gupta

Sameer Gupta

Sameer Gupta

Advancing tax administration: Role of technology in India's tax ecosystem

The capital gains tax conundrum

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Create Your Own Hamper with FlowerAura's Unique New Year Gift Offerings

Adventures Overland Sets the Bar with an Unparalleled World Trip: Around the World in 80 Days

TheLiveShow Revolutionizes the Live Music Industry, Connecting Artists and Event Organizers

Dark energy doesn't exist: Scientists make shocking claim on big mystery

World's most advanced and expensive; Indo-US NISAR satellite to launch soon

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