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Systematically, the communist government of Nepal is chipping away at several aspects that made the relationship special and unique; the 1950 Treaty of Peace and Friendship, the open border, and now the ties of kinship.
Additional tax likely for MNCs importing raw materialsSome traditional companies that do not have a PE in India could also find themselves embroiled in the new tax framework, tax experts said. These firms may have to pay up to 42% of their income in taxes in the country, up from… Read MoreNews Live Updates: Indian economy is witnessing a robust recovery and is on track to surpass pre-COVID levels, says Piyush Goyal
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… Read MoreBorrow, spend and even print money: Former finance minister P Chidambaram to GovernmentBorrow and spend, and even print money to reboot the economy, Chidambaram said while reiterating demands for measures such as strong dose of stimulus, fiscal expansion and direct cash transfer. He asked finance minister Nirma… Read MoreDistricts with less than 5% weekly test positivity rate to gradually unlockAs per health ministry statistics, there are 350 districts that have less than 5% test positivity, 145 districts with 5-10% positivity and 239 with over 10%. ICMR director-general Balram Bhargava said that by mid-July, India … Read MoreIndustry bodies urge RBI to put off new audit rulesConfederation of Indian Industries (CII), Assocham, and Finance Industry Development Council (FIDC) have all written to the central bank about the problems companies would face in implementing the proposed regulations for app… Read More
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