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FM unveils measures to revive auto sales and capital market inflows

The government will consider various measures including scrappage policy. The scrappage policy, if implemented, is likely to give stimulus to customers to make new purchases supported by government incentives in place of their old vehicles.BS4 vehicles purchased up to March 2020 will all remain operational for their entire period of registration.

Revision of one-time registration fees being deferred till June 2020.

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Deadlock continues as EU rebuffs Johnson bid to reopen Brexit Deal

“We welcome the U.K. government’s engagement,” European Commission spokeswoman Natasha Bertaud told reporters in Brussels. “The letter does not provide a legally operable solution to prevent the return of a hard border on the island of Ireland, it does not set out what alternative arrangements could be, and in fact it recognizes that there’s no guarantee that such arrangements will be in place by the end of the transitional period.”

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US lawsuit accuses E-Cigarette makers of targeting kids, deceiving consumers

The U.S. Surgeon General has called vaping an “epidemic.” The Food and Drug Administration has been investigating the safety of e-cigarettes and Juul’s marketing practices. The Centers for Disease Control and Prevention said Saturday it is looking into a cluster of 94 possible cases of severe lung illness associated with vaping in 14 states between June 28 and Aug. 15, and is consulting with health departments in Illinois, Wisconsin, California, Indiana and Minnesota

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Linking profile with Aadhaar: SC to hear FB’s plea for transfer of cases

The apex court on Monday was told by the Tamil Nadu government that social media profiles of users need to be linked with Aadhaar numbers to check circulation of fake, defamatory and pornographic content as also anti-national and terror material.Facebook Inc is resisting the state’s suggestion on grounds that sharing of Aadhaar would violate privacy policy of users.Facebook Inc had said that it cannot share Aadhaar number with a third party as the content on its instant messaging Whatsapp was end-to-end encrypted and even they do not have access to it.

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Task force on Direct Tax Code submits report to FM Sitharaman

The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the country.The proposals in the draft code are aimed at bringing more certainty to taxation of personal and corporate income and capital gains, and at bringing the gist of numerous judicial pronouncements made since 1961, when the current tax law came into force, in one place for easy reference. It could improve ease of doing business and reduce the compliance burden as well as tax disputes.

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