Yugant barbate

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Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds, a senior tax official said on Saturday. Foreign portfolio investors have been enjoying a lower 5% tax on interest earned on bonds since 2013, making investments in the country more attractive. Ending this treatment would require them to pay a 20% tax on interest income from July 1. "It has not been extended," Central Board of Direct Taxes chairman Nitin Gupta told Reuters. "Our view point is that it was a revenue foregone by the government "We have certain tax treaty with any jurisdiction which permits the Indian government to deduct tax at a certain rate. We had foregone that right. It was helping the other government, and the other jurisdictions," Gupta said in an interview. The exemption does not benefit any Indian company, he said. Gupta said regular registration by charitable trusts will help India in ga...

UK Prime Minister Rishi Sunak joined the meeting between India's National Security Advisor Ajit Doval and his British counterpart Tim Barrow in London, the High Commission of India said. Mr Doval's visit to London comes right after he met his US counterpart Jake Sullivan in Washington on Tuesday "A special gesture by PM Rishi Sunak to join for a while. NSA dialogue between Sir Tim Barrow and M. Doval at the Cabinet Office. Deeply value PM's assurance of his government's full support to deepen strategic partnership in trade, defence, S&T. Look forward to visit of Sir Tim to India soon," Indian High Commission tweeted. A special gesture by PM @rishisunak to join for a while???? NSA dialogue btwn Sir Tim Barrow & Mr. Doval at @cabinetofficeuk . Deeply value PM's assurance of his Govts full support to deepen strategic partnership in trade, defence, S&T. Look forward to visit of Sir Tim to ?? soon. pic.twitter.com/ffqfQCVdtj — India in the UK (...

Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost of doing business balloons due to the rupee's devaluation. The government removed the dollar cap to meet the International Monetary Fund's (IMF) demand which resulted in the Pakistani rupee falling to a historic low of Rs 276.58 in the interbank market, according to a Geo News report. The IMF has set several conditions for resuming the bailout, including a market-determined exchange rate for the local currency and an easing of fuel subsidies, both conditions which the government has already implemented. In a letter to the Oil and Gas Regulatory Authority (OGRA) and Energy Ministry, the Oil Companies Advisory Council (OCAC) said that the "sudden depreciation" of the rupee has caused losses worth billions of rupees to the industry as their letters of credit (LCs) are expected to be settled on the new rate...

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