The court was hearing a bunch of petitions, including one initiated...
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FPIs return to Indian equities; infuse Rs 22,766 cr in first two weeks of Dec
Looking ahead, the flow of foreign investments into Indian equity...
India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective...
Diet impacts COVID-19 risk, severity: Study
The results also suggest that public health strategies that improve access to healthy foods and address social determinants of health may help to reduce the burden of the COVID-19 pandemic.
“Our findings are a call to governments and stakeholders to prioritize healthy diets and wellbeing with impactful policies, otherwise we risk losing decades of economic progress and a substantial increase in health disparities,” said Merino.
Cabinet may take up amendments to PFRDA Act soon; Bill in Winter session
The amendment Bill may contain provisions on separation of NPS Trust from PFRDA, hike in foreign direct investment (FDI) limit for the pension sector to 74 per cent from the existing 49 per cent, among others, sources said.
PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT
“Accordingly, loss incurred in any previous year prior to, and including, the previous year of strategic disinvestment shall be carried forward and set off by the erstwhile public sector company,” the CBDT under the Finance Ministry said in a statement
China launches wealth management product pilots for retirement in four cities
Last month, China set up a state pension company with registered capital of 11.2 billion yuan, with 17 bank-affiliated wealth management units, insurers and state institutions taking stake, to help boost funds for retirees.
Despite looming changes, China’s retirement age is 60 for men and 55 for women, civil servants and white-collar workers.
Australia appoints former Macquarie boss to supervise financial regulators
The new three-person regulatory body, including corporate lawyer Gina Cass-Gottlieb, will supervise both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).
Want to make India a destination for international arbitration: Law Minister Kiren Rijiju
Addressing the event, Rijiju said, “We want to make India, a destination for international arbitration. To improve our judicial system, we must target to deliver justice to the common man. We must focus on how common man is delivered with justice on time and bridge the gap between common man and justice.”
U.S. lawmakers seek $1 bln to fund FTC privacy probes
The proposal, which Democrats plan to include in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the House Energy and Commerce Committee.
The committee will meet on Monday to take up the wide-ranging spending proposal that includes $30 billion to remove lead pipes and $13.5 billion for zero emissions vehicle infrastructure buildout.
U.S. FDA to ask for more time before deciding on Juul e-cigarettes -WSJ
The agency said last month it received applications from over 500 companies covering more than 6.5 million tobacco products. E-cigarettes have operated in a regulatory gray area for years. The products, which vaporize a nicotine-laced liquid, have been available in the United States since at least 2007, but the FDA did not formally get jurisdiction over the industry until May 2016.
Govt extends ITR filing deadline for individuals to December 31
Earlier, the deadline was extended to September 30, 2021. Usually, the last date for filing the ITR (Income Tax Returns) for the individual taxpayers is July 31.
”On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961, Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22,” the finance ministry said in a statement.
The CBDT has also extended the ITR filing deadline for companies till February 15, 2022 from November 30, 2021.
Mutation entry doesn’t create right in favour of individual interest: SC
The apex court said that if there is any dispute with respect to the title and more particularly when the mutation entry is sought to be made on the basis of the will, the party who is claiming title/right has to approach the appropriate court.