In this special Business Standard webinar, the biggest names in India's insurance industry discuss the way forward for general and life insurance segments, especially in the wake of a pandemic

Unlock BFSI 2.0: Insured and safe - Insurance in the time of pandemic

Unlock BFSI 2.0: Insured and safe — Insurance in the time of pandemic

FMCG major Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have 'no impact' on the company.
The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said in a statement.
Nestle India, which owns popular brands such as Maggi, Nescafe and KitKat, said the company was already "deducting 10 per cent withholding tax" on cross-country payments.
Earlier on December 11, the Swiss government had announced the suspension of the MFN status granted to India following a ruling by the Supreme Court of India, which in a judgement last year had said MFN status under the DTAA cannot be enforced unless notified under Section 90 of the Income Tax Act.
This judgement of the apex court had come in a case related to Nestle, where it overturned an earlier order passed by the Delhi High Court in 202

Suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said

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The Bombay High Court pulled up political parties for ignoring its orders on illegal hoardings, directing municipal authorities and police to take strict action against violations in Maharashtra

Union Home Minister Amit Shah is scheduled to chair the plenary session of the North Eastern Council (NEC) here on Saturday, an official said.
DoNER minister Jyotiraditya Scindia, along with governors, chief ministers of all eight Northeastern states, and senior officials, will also attend the meet.
"Union home minister Amit Shah is scheduled to arrive here on Friday to chair the 72nd plenary session of the NEC to be held at Prajna Bhavan on Saturday," West Tripura district magistrate Vishal Kumar told PTI on Thursday.
In addition to the NEC plenary, Shah will hold a bankers' meeting to review financial inclusion, credit delivery, priority sector lending, and digital inclusion, he added.
Shah will also visit the Bru (Reang) settlement camp at Bruhapara and address a public meeting at Masuraipara in Dhalai district on Sunday, director of information and cultural affairs department, Bimbisar Bhattacharjee, said in a press communiqu on Wednesday.
This will be the first time since the

DoNER minister Jyotiraditya Scindia, along with governors, chief ministers of all eight Northeastern states, and senior officials, will also attend the meet

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

Call for reining in food inflation and raising investment in pre-Budget  talks

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Unlock BFSI 2.0: Insured and safe — Insurance in the time of pandemic

In this special Business Standard webinar, the biggest names in India's insurance industry discuss the way forward for general and life insurance segments, especially in the wake of a pandemic

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