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Lok Sabha passes bill to end all retrospective taxation

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Indian News

New Delhi: A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha on Friday amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues. When the...

COVID-19: India logs 44,643 new cases, 464 fatalities

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

  New Delhi: India recorded 44,643 new coronavirus infections taking the total tally of COVID-19 cases to 3,18,56,757, while the active cases registered an increase for the third consecutive day, according to the Union Health Ministry data updated on Friday. The...

RBI keeps policy rate unchanged,raises inflation forecast

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy, Regulation, Risk Management

  MUMBAI: The Reserve Bank of India kept interest rates steady at record lows on Friday, but it raised its inflation forecast and said it would normalise liquidity conditions in a signal that policymakers could be edging closer to tapering stimulus. As widely...

Cars fueled by ethanol can add to India’s food inflation

by AIP Online Bureau | Aug 6, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

  New Delhi: India is pushing for more cars to run on ethanol made from sugar, a move that risks raising the cost of the sweetener globally. The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel...

Amazon-Future-Reliance case: SC holds Emergency Award enforceable in India

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: In a big win for e-commerce giant Amazon, the Supreme Court on Friday ruled the order of a Singapore-based emergency arbitrator (EA) that restrained Future Retail Ltd  from going ahead with its $3.5 billion asset sale deal with Reliance Retail...
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