India opposed to idea of global minimum corporate tax The minimum tax is designed to prevent countries such as Singapore and Ireland which have lower tax rates to draw multinationals to set up regional bases
The G7 nations recently agreed on a global minimum corporate tax rate of 15 per cent but India is starting to have second thoughts. At their talks held on Tuesday, US treasury secretary Janet Yellen and finance minister Nirmal Sitharaman discussed the issue but it is becoming clear that India is opposed to the idea of allowing the US which is backing the tax plan to dictate the country’s tax laws.
Bengaluru becoming hotbed of Covid
Union Finance minister Nirmal Sitharaman s husband Dr. Parakala Prabhakar hits out at the central government on his weekly blog Midweek matters for mishandling COVID crisis, NewsSting reported.
Critizing the central government for being numb, insensitive and heartless towards the colossal tragedy that is unfolding due to the second wave of COVID-19, he stated: Prime Minister s popularity and communication skills seem to indemnify the incompetence and heartlessness of this government. They could ride out the anger of the visuals of migrant laborers because of numbing. But popularity and political capital have a habit of running out without giving notice. Numbing will not last forever. Compassion, transparency, empathy will last. PM should exercise his choice at least for now.
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Folks investing in PPF or Sukanya Samriddhi scheme need not worry the rate cuts have been rolled back
Folks investing in PPF or Sukanya Samriddhi scheme need not worry the rate cuts have been rolled back
Rounak JainApr 1, 2021, 09:51 IST
Finance Minister Nirmala Sitharaman has announced a roll-back of interest rate cutsBCCL
The government has withdrawn its interest rate cut order, bringing relief to Indians who invest in small savings schemes.
The initial order announced cuts as sharp as 1.1% points, with some of the schemes barely beating the prevailing inflation rate.
Finance Minister Nirmala Sitharaman said that the initial order was ‘issued by oversight’.The Indian government had declared late evening on March 31 that small savings schemes including savings deposits of up to 5-year duration, Public Provident Fund (PPF), Sukanya Samriddhi scheme, Senior Citizens Savings schemes, and more will yield much lower interest than they do now.
BMC chief honoured for Covid control in Mumbai
By IANS |
Published on
Wed, Mar 17 2021 13:27 IST |
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BMC chief honoured for Covid control in Mumbai. Image Source: IANS News
Mumbai, March 17 : Mumbai Municipal Commissioner I. S. Chahal was conferred the Lokmat Maharashtrian of the Year 2021 Award for his meritorious efforts to control the spread of the Covid-19 scourge in the city.
Unon Finance Minister Nirmal Sitharaman presented the award to Chahal, who dedicated it to Team BMC , at a function in New Delhi on Tuesday. It has been an honour and privilege to receive the award at the hands of the Union Finance Minister for exemplary performance in the fight against Coronavirus. The award was decided through online voting by 2.50 million people, Chahal said.
Congress demands roll back of Modi tax on fuel thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.