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The Reserve Bank of India (RBI) on Thursday issued draft directions to revise and consolidate guidelines on the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects and addressing emerging requirements in the agriculture sector.The central bank has invited comments and feedback on the draft guidelines from regulated entities, members of the…
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For high-income taxpayers, buyback proceeds may now be taxed at slab rates up to 35.88%, despite the fact that the shareholder is surrendering and extinguishing their rights in the shares. (AI image) When the Finance Act, 2024 rewired the tax treatment of share buybacks, it upended a long-standing system that had—with all its imperfections—at least…
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India’s fast-growing Global Capability Centre (GCC) ecosystem — which already employs 1.9 million professionals — is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease. But as expansion accelerates, the study warns, operators will face an increasingly complex regulatory and compliance environment, PTI reported.The report,…
In a warm gesture, PM Modi hugs Crown Prince Al-Hussein bin Abdullah II (Image/X@narendramodi) NEW DELHI: Prime Minister Narendra Modi on Tuesday concluded his landmark two-day visit to Jordan, marking 75 years of diplomatic relations between the two countries. He thanked Crown Prince Al-Hussein bin Abdullah II for personally bidding him farewell at the airport,…
JAMMU: A head constable of Jammu and Kashmir Police and his wife died, while their sons were injured when the vehicle they were travelling in skidded off the road and plunged into a stream in Doda district on Friday.The family, from Bani in Kathua district, was heading to Bhaderwah in their SUV when the accident…
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NEW DELHI: BJP Friday blamed alleged Muslim infiltrators from Bangladesh for the violence in West Garo Hills in Meghalaya, accusing them of causing demographic changes and trying to snatch the rights of the native tribal population Senior BJP member Ravi Shankar Prasad said the violence began after tribals protested former MLA Estamur Momin’s attempt to…
