What has emerged from the SC judgement in the Tiger Global case is that a tax residency certificate (TRC) is by itself no longer conclusive evidence for claiming tax exemption under a Double Tax Avoidance Agreement (DTAA). The SC has said that merely relying on an entity in a jurisdiction with which India has a…
India is eager to invest in the mining of vital minerals within Canada and will dispatch a team shortly to negotiate mutual cooperation in the industry, Oil Minister Hardeep Singh Puri said on Tuesday. Speaking to the media following a meeting with visiting Canadian Minister of Energy and Natural Resources Tim Hodgson during India Energy…
MUMBAI: The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator, on Tuesday said it has entered into an agreement with the Reserve Bank of India (RBI) to exchange information for the recognition of Indian central counterparties (CCPs), more than three years after a standoff began over domestic clearing houses. “This agreement…
The conversation took place in Krishna Kalyanpur village in Panna district, about an hour and a half away from the medieval Khajuraho temples, a Unesco World Heritage Site in Madhya Pradesh famous for its intricate sandstone carvings and explicit sexual imagery. Panna is also home to a tiger reserve, spread over 1,500 sq. km, as…
In a report dated 22 January, the government think tank proposed setting up a National Project Management Agency (NPMA), offering viability gap funding (VGF), rolling out a rooftop solar scheme for MSMEs, and identifying clusters to adopt cleaner manufacturing practices. The effort is critical for a sector that contributes 45% of India’s exports, 30% of…
Nationwide Bank Strike LIVE Updates: Operations at public sector banks like SBI, PNB, BoB and Canara bank are expected to be disrupted as a host of employee unions have called for a nationwide bank strike on Tuesday, 27 January. The nationwide SBI, PNB, BoB bank strike today is expected to add to the issues of…
The revised standards will come into effect after a six-month transition period to allow the industry to comply with them, as per a government order reviewed by Mint. The BIS periodically updates material specifications in sectors linked to construction safety and food processing to align domestic norms with evolving safety, performance and quality requirements amid…
YouTube income for labels based on advertising has dropped by 20–30%, particularly when film soundtracks fail to break out or movies do not garner organic traction, industry executives said. This has been evident in the case of several films recently with the exception of action hit Dhurandhar whose soundtrack found instant draw across platforms. At…
For much of last year, discounted Russian oil made up the lion’s share of Indian purchases, a financial lifeline for Moscow that also shaved billions off New Delhi’s import bill. Then came US threats, tariffs, sanctions — and months of disruption. But against the expectations of many in the market, those Russian flows have proved…
Bank strike today: Banking operations of public sector banks across India including SBI and PNB are expected to be disrupted on Tuesday, 27 January, as employees’ union United Forum of Bank Unions (UFBU) decided to go ahead with its plan to observe a nationwide strike today. With banks already observing bank holidays on 24, 25…