Typically, FPIs are set up as trusts or limited partnerships in their home jurisdictions. The definition of a partnership firm under Indian tax law refers to the Indian Partnership Act, which does not recognise foreign partnerships or limited partnerships. … [Read more...] about FM dashes hopes of tweak in FPI surcharge, says trusts should register as companies
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Former RBI governor Urjit Patel had faced criticism from the government on the tightening of PCA rules. The government and RBI were unable to arrive at a consensus on relaxing these PCA rules for loss-making banks. RBI was asked to make the rules flexible so as to ensure easier availability of credit for these banks. … [Read more...] about Budget 2019: Expect all banks to come out of PCA framework ‘soon,’ says Piyush Goyal
“The only greater moment I can think of is when we won the 2007 T20 World Cup and then the 2011 ODI World Cup. That moment was something special. The crowd, my teammates celebrated like it was their own hat-trick. For the first time, I saw Rahul Dravid celebrating like that. I will always say that is not my hat-trick, that is India’s hat-trick,” Harbhajan added. … [Read more...] about ‘Captain, my captain’: Harbhajan Singh credits Sourav Ganguly for his career
Raju Kumar is Tax Partner, EY India. Views are personal.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020: What next after the corporate tax cut?
However, Deshmukh said the issue will come up for deliberations in the January 22 cabinet meeting. “We have to see how much the city police will be burdened if shops, eateries and malls are kept open through the night. After detailed deliberations, a decision will be taken,” Deshmukh told reporters. … [Read more...] about Final decision on keeping Mumbai’s malls, shops open 24X7 to be taken on January 22