India's aviation regulator, the DGCA, has prohibited a particular power bank model from flights. The ban follows a safety incident on an IndiGo aircraft. The device reportedly overheated, causing a scare onboard. The directive aims to prevent future fire hazards in aircraft cabins.
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A Canadian resident successfully contested a tax demand from Indian authorities. The case involved a notice for approximately 83 lakh rupees in Short-Term Capital Gains tax. The individual argued the gains were not taxable in India under the Double Taxation Avoidance Agreement. The Income Tax Appellate Tribunal ruled in the taxpayer's favor, dismissing the demand.
The Supreme Court of India will hear a plea related to Special Investment Regions (SIR) on October 28. The Economic Times reported the court's scheduling of the hearing. The plea addresses concerns or legal questions surrounding the SIR policy framework. No further details on the specific nature of the plea were provided in the initial report.
Gold prices in India are reported differently for 24, 22, 20, and 18 karat varieties. The Economic Times published these current rates, reflecting the metal's value based on purity. Prices are influenced by global market trends and local demand dynamics. This information is crucial for investors and consumers tracking the precious metal's daily valuation.
India's foreign exchange reserves now hold a new record quantity of gold. The value of these gold holdings has increased significantly in recent months. This growth coincides with a period of high imports of the precious metal into the country. The accumulation contributes to the nation's overall economic strength and financial security.
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