Two commercial ships were attacked near the strategic Strait of Hormuz on Monday. One of the vessels reportedly sank following the incident. The area is a critical global oil transit route. No group has immediately claimed responsibility for the assaults.
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The central government has requested all states and union territories to exempt road projects from stamp duty. This directive aims to reduce the overall project costs for national highways. The move is intended to accelerate infrastructure development across the country. The request is part of a broader effort to streamline approvals and lower construction expenses.
India has amended its tax treaty with Mauritius to impose stricter regulations on capital gains. The new rules will remove certain tax exemptions for investments originating from Mauritius. This change aims to prevent the potential misuse of the treaty for tax avoidance purposes. The revised agreement is expected to take effect starting April 1, 2024, according to a report by The Economic Times.
Hyundai Motor Company is making a significant push to enhance its standing in the Indian automotive market. The company is investing heavily to expand its production capacity and product portfolio. This strategic move aims to capture a larger market share and climb the ranks among automakers in the country. The expansion reflects Hyundai's long-term commitment to the competitive Indian market.
Several members of the civil society organization CJP were arrested and jailed on Thursday. The arrests reportedly relate to their work on a particular citizenship law case. Congress leader Rahul Gandhi has publicly condemned the detentions, calling them an attack on democratic rights. The police have not yet issued an official statement detailing the charges. The incident has sparked debate about legal activism and freedom of expression in India.
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