Business
Centre urges states to waive stamp duty for road projects
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 Tightens Tax Rules on Investments from Mauritius
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 plans expansion to boost its market position in India
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.
CJP members jailed; Rahul Gandhi condemns arrests
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.
Keemo Paul's five-wicket haul leads West Indies to victory over India
West Indies defeated India in a cricket match on Sunday. The victory was secured by bowler Keemo Paul, who took five wickets. His performance disrupted India's batting lineup during their chase. The match took place in the ongoing West Indies tour.