Puneet Garkhel, Partner and Leader, Forensic Services, PwC India,...
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Fed lowers rates but sees slower pace of further cuts, firmer inflation
U.S. central bankers now project they will make just two...
US Cyber market-Extortion activity likely reached an all-time high in 2023, says Tokio Marine HCC
In 2024, premium rate change in the US cyber insurance market has...
Lok Sabha passes bill to end all retrospective taxation
The Finance Act 2012, which amended various provisions of the Income Tax Act, 1961 with retrospective effect, contained provisions intended to tax any gain on transfer of shares in a non-Indian company, which derives substantial value from underlying Indian assets, such as Vodafone’s transaction with Hutchison in 2007 or the internal reorganisation of the India business that Cairn Energy did in 2006-07 before listing it on local bourses.
Medium, heavy passenger EVs increase from 124 in 2018 to 1,356 as on date: Gadkari
In a written reply to a query in the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said the number of electric vehicles registered for transport of cargo has increased from 6,246 in 2018 to 27,645 as of date, according to Vahan 4 records.
Gadkari said that under the Phase-I of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, 425 electric buses were supported.
DST receives 478 proposals to study effects of yoga, meditation in fighting Covid
”During the year 2020-21, the department had announced a special call under SATYAM programme to combat with COVID-19 and related viruses in order to explore the effect of yoga and meditation as add on therapy under three broad thematic areas viz. immunity, respiratory system and stress, anxiety and depression, Science and Technology Minister Jitendra Singh said on Friday.,” ‘
COVID-19 Pandemic:UK govt partners with Lloyd’s to launch $1 Billion reinsurance scheme to cover music festivals
The insurance will be available from Lloyd’s of London syndicates including Beazley, Hiscox and Munich Re, with the government acting as a reinsurer.
“With this new insurance scheme, everything from live music in Margate to business events in Birmingham can go ahead with confidence,” British finance minister Rishi Sunak said.
IMF OKs big increase in funds to alleviate pandemic impact
The general allocation of SDRs will become effective on Aug. 23. The IMF said that the new reserves will be credited to IMF member countries in proportion to their existing quotas with the agency. About USD275 billion of the new allocation will go to the world’s poorer countries.
India withdraws controversial retrospective tax bill, to settle tax disputes with global firms
“This decision helps to clarify our position with the investors,” said Tarun Bajaj, revenue secretary at the finance ministry, channel, adding it would help solve pending cases with Cairn Energy and Vodafone if they withdraw litigation and meet certain conditions.
The government’s proposed amendment in the law comes after a French tribunal last month ordered a freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn.
COVID-19: Orphaned children aged upto 18 to get free health insurance of Rs 5 lakh
The objective of the scheme is to ensure comprehensive care and protection of children in a sustained manner, and enable their well-being through health insurance, empower them through education and equip them for self-sufficient existence with financial support on reaching 23 years of age.
Judge-population ratio stood at 21.03 judges per million people in 2020
The judge-population ratio in 2018 stood at 19.78 judges per million people and 20.39 in 2019, Law Minister Kiren Rijiju told the Upper House in a written reply.
In order to calculate the judge-population ratio for per million population in a particular year, the Department of Justice in the Ministry of Law, uses the population count as per 2011 census and available information regarding sanctioned strength of judges in Supreme Court, high courts, district and subordinate courts, in the particular year, he said.
Study reveals more mental health support needed for frontline workers tackling COVID
The review, conducted by the University of York and the Mental Health Foundation, also revealed that COVID-19 patients with other physical health problems and children and adolescents are struggling with a host of mental health issues during the pandemic. The study was published in the journal PLOS ONE.
Bengal flood situation remains critical; 3 lakh affected
The number of deaths due to the deluge remained unchanged at 23 as no fresh fatality was reported from any of the seven affected districts where around three lakh people have been shifted to rescue centres.