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Govt drops plans to levy TCS on overseas credit card spends

by AIP Online Bureau | Jun 28, 2023 | Eco/Invest/Demography, Indian News, Policy, Reinsurance, Technology

The Finance Ministry has also deferred by three months the implementation of a higher Tax Collected at Source (TCS) rate of 20 per cent on expenditures made under LRS and overseas tour packages till September 30 New Delhi: The government on Wednesday dropped plans to...

Indictment details plan to steal Samsung secrets for Foxconn China project

by AIP Online Bureau | Jun 28, 2023 | International News, Risk Management, Technology

The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against former Samsung executive Choi Jinseog, including how he is alleged to have stolen Samsung’s trade secrets and details about the planned Foxconn plant. SEOUL: When former...

Audi ex-boss becomes first VW board member sentenced over diesel scandal

by AIP Online Bureau | Jun 28, 2023 | International News, Risk Management

The case is among the most prominent in the aftermath of the diesel scandal, when parent group Volkswagen and Audi admitted in 2015 to having used illegal software to cheat on emissions tests Former Audi boss Rupert Stadler was handed a suspended sentence of one year...
Equity investors become richer by Rs 3.43 lakh crore in two days of market rally

Equity investors become richer by Rs 3.43 lakh crore in two days of market rally

by AIP Online Bureau | Jun 28, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Infrastructure has been improving consistently, corporate balance sheet strength has improved, and the financial system is in a robust state to fund the potential growth. Despite the recent rally, fundamentals point to the possibility of strong earnings growth in the...

Delhi has become India’s electric vehicle capital: CM Arvind Kejriwal

by AIP Online Bureau | Jun 28, 2023 | Data, Eco/Invest/Demography, Health, Technology

We introduced the Electric Vehicle Policy in August 2020. Our target was that by 2025, at least 25 per cent of all the new vehicles bought in Delhi should be EVs. As of now, 13 per cent of all the new vehicles that are bought in Delhi are EVs. The national average at...
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