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Singapore social media outlets issue correction notice on COVID-19 variant following Kejriwal s remarks
Facebook and Twitter along with Singapore s largest media house have complied with the government s directive to issue a correction to the users of social media platforms in the city-state after Delhi Chief Minister Arvind Kejriwal tweeted about a new COVID-19 Singapore variant . Singapore s Ministry of Health on Thursday invoked the Protection from Online Falsehoods and Manipulation Act (Pofma) in response to a statement circulating online claiming that there is a new variant of COVID-19 which originated in the city-state that is more harmful to children. Kejriwal on Tuesday wrote on Twitter claiming that the new strain of the coronavirus found in Singapore could be very dangerous for children and urged the Indian government to cancel all air links with Singapore.
RBI approves transfer of Rs 99,122 crore as surplus to Centre
This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent
BusinessToday.In | May 21, 2021 | Updated 13:32 IST
Rs 99,122 crore as surplus to Centre
The Reserve Bank of India Central Board has approved transfer of Rs 99,122 crore as surplus to the central government. This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent.
The decision was taken during the 589th meeting of the Central Board of Directors of Reserve Bank of India on Friday held through video conferencing.
Taxpayers are working to prepare for a higher compliance burden next year
Tax policymakers have been busy this week setting their plans for the year ahead. At more local and regional levels, governments have released new tax laws and guidance. While the OECD has been occupied with the FTA’s plenary meeting and its 2021 agenda, taxpayers are working to prepare for a higher compliance burden next year.
ICAP becomes permanent
The FTA has agreed to make the international compliance assurance programme (ICAP) permanent, allowing multinational enterprises to reduce their TP audit risks.
The scheme has been running as a pilot programme since 2017. It allows taxpayers to gain tax certainty from the countries involved by explaining their business model and tax arrangements once to multiple tax authorities and gaining outcome letters that reassures them of being tax compliant. It has, in some cases, prevented unnecessary audits or led to more cooperative joint audits.