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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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Centre Scraps Minimum Export Price Thresholds On Onion, Basmati Rice
The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers.
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In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
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After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
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Will Old Tax Regime Be Scrapped Next Year? What Finance Minister Said
There is no decision yet on when the old tax regime will be scrapped, Finance Minister Nirmala Sitharaman said Tuesday afternoon, after presenting the 2024 Union Budget in Parliament.
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Zee Entertainment Seeks to Revive $10 Billion Merger With Sony: Report
India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group to revive their $10 billion merger deal which was scrapped on Jan. 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter.
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Over 1.40 Lakh Overage Vehicles Scrapped In Delhi In 2022-23
According to Delhi government's Economic and Statistics department, 4,923 vehicles were scrapped in the 2021-22 financial year while 1,40,342 vehicles were scrapped in 2022-23.
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No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule
Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.
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PM Modi Scrapped Over 2,000 Obsolete Laws In 9 Years: Minister
Over 2,000 rules and laws were scrapped by the Prime Minister Narendra Modi-led government in the last nine years for ease of governance and ease of business, said Union Minister Jitendra Singh.
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Centre Removes Duty On Some Steel Items After Exports Plunge
Centre scrapped an export tax levied on low grade iron ore lumps and fines with below 58 per cent iron content, in a notification late on Friday.
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Top Officials Among 34 Hospitalised After Gas Leak In Uttarakhand
More than 30 people, including an SDM and a DSP, were hospitalised on Tuesday after they took ill following a chlorine gas leak from a cylinder at a scrap godown in a busy residential area in Uttarakhand's Udham Singh Nagar district.
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Elon Musk's Move To Dump Twitter Deal Puts Him In A Better Financial Spot
Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank.
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DoT Abolishes Network Operation and Control Centre Charges for All Telecom Licence Holders
To enhance ease of doing business, the Department of Telecom has reportedly removed network operation and control centre charges for the use of space segments for all services like VSAT, satellite telephony etc for which permits are issued by the department.
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For Stake Sale In Ferro Scrap Nigam, Finance Ministry Invites Bids
The finance ministry on Thursday invited bids to sell the entire government stake in Ferro Scrap Nigam Ltd (FSNL).
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External Review Finds Deeper Rot In World Bank 'Doing Business' Rankings
Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries' efforts to "manipulate their scores."
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
Centre Scraps Minimum Export Price Thresholds On Onion, Basmati Rice
The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers.
-
In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
-
After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
-
Will Old Tax Regime Be Scrapped Next Year? What Finance Minister Said
There is no decision yet on when the old tax regime will be scrapped, Finance Minister Nirmala Sitharaman said Tuesday afternoon, after presenting the 2024 Union Budget in Parliament.
-
Zee Entertainment Seeks to Revive $10 Billion Merger With Sony: Report
India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group to revive their $10 billion merger deal which was scrapped on Jan. 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter.
-
Over 1.40 Lakh Overage Vehicles Scrapped In Delhi In 2022-23
According to Delhi government's Economic and Statistics department, 4,923 vehicles were scrapped in the 2021-22 financial year while 1,40,342 vehicles were scrapped in 2022-23.
-
No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule
Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.
-
PM Modi Scrapped Over 2,000 Obsolete Laws In 9 Years: Minister
Over 2,000 rules and laws were scrapped by the Prime Minister Narendra Modi-led government in the last nine years for ease of governance and ease of business, said Union Minister Jitendra Singh.
-
Centre Removes Duty On Some Steel Items After Exports Plunge
Centre scrapped an export tax levied on low grade iron ore lumps and fines with below 58 per cent iron content, in a notification late on Friday.
-
Top Officials Among 34 Hospitalised After Gas Leak In Uttarakhand
More than 30 people, including an SDM and a DSP, were hospitalised on Tuesday after they took ill following a chlorine gas leak from a cylinder at a scrap godown in a busy residential area in Uttarakhand's Udham Singh Nagar district.
-
Elon Musk's Move To Dump Twitter Deal Puts Him In A Better Financial Spot
Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank.
-
DoT Abolishes Network Operation and Control Centre Charges for All Telecom Licence Holders
To enhance ease of doing business, the Department of Telecom has reportedly removed network operation and control centre charges for the use of space segments for all services like VSAT, satellite telephony etc for which permits are issued by the department.
-
For Stake Sale In Ferro Scrap Nigam, Finance Ministry Invites Bids
The finance ministry on Thursday invited bids to sell the entire government stake in Ferro Scrap Nigam Ltd (FSNL).
-
External Review Finds Deeper Rot In World Bank 'Doing Business' Rankings
Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries' efforts to "manipulate their scores."
