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BusinessEconomic Times ·

China Says Trade Dispute With EU Can Be Avoided From Escalating

Following trade discussions with the European Union, China has stated it believes an escalation of tensions can be avoided. The comments were made by a Chinese commerce ministry official after talks concluded. The dialogue addressed ongoing trade frictions, including EU investigations into Chinese electric vehicle subsidies. China expressed its willingness to cooperate to resolve the disputes through consultation.

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BusinessEconomic Times ·

Abhijeet Dipke arrested, CJP prepares alternative leadership plan

The Citizens for Justice Party (CJP) has confirmed the arrest of its member, Abhijeet Dipke. The party is now activating a prepared contingency plan. This plan involves elevating alternative leaders to maintain organizational operations. The arrest follows a period of heightened political activity involving the CJP. The party aims to ensure continuity in its functions despite the detention.

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BusinessEconomic Times ·

Tax Residency Certificate essential for availing lower tax under DTAA

The Economic Times reports that a Tax Residency Certificate is mandatory for claiming lower tax rates under Double Taxation Avoidance Agreements. This certificate, issued by the taxpayer's home country, verifies their residency status for tax purposes. Individuals and companies must obtain and present this TRC to tax authorities in the foreign country where they earn income. Without this document, they cannot avail the reduced tax rates provided by the DTAA.

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BusinessEconomic Times ·

Advocates' body seeks CJI help after members detained in Delhi

The Supreme Court Advocates-on-Record Association (SCAORA) has written to Chief Justice of India D.Y. Chandrachud seeking intervention. The letter concerns the recent detention of several advocates by Delhi Police. The association claims the lawyers were taken into custody while performing their professional duties. They have urged the Chief Justice to address the matter and ensure the safety of legal practitioners.

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BusinessEconomic Times ·

Trump Credits Himself for 2021 India-Pakistan Ceasefire Agreement

Former US President Donald Trump has again claimed personal credit for the 2021 ceasefire agreement between India and Pakistan. He made the statement during a recent campaign event. The ceasefire along the Line of Control was announced by the two countries' militaries in February 2021. This occurred after Trump had left office, though he has previously stated his administration laid the groundwork for the deal. Both India and Pakistan have not publicly endorsed Trump's claims of direct involvement.

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BusinessEconomic Times ·

Starlink's India satellite internet license faces regulatory scrutiny

Elon Musk's Starlink is facing a regulatory review in India regarding its satellite internet license. The Department of Telecommunications has reportedly raised concerns about Starlink's shareholding structure. This scrutiny follows the company's recent application to operate its services in the country. The process indicates the challenges foreign satellite communication providers can encounter with India's compliance requirements.

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BusinessEconomic Times ·

ITAT Bangalore Rules Sale of TDRs is Taxable Under Capital Gains

The Income Tax Appellate Tribunal (ITAT) in Bangalore has issued a ruling on the tax status of Transferable Development Rights (TDRs). It determined that proceeds from the sale of TDRs are taxable as capital gains. This decision clarifies the tax treatment for property developers and landowners who trade these development rights. The ruling was based on an appeal heard by the tribunal's Bangalore bench.

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BusinessEconomic Times ·

BJP's Nitin Nabin Accuses Rahul Gandhi, CJP of Destabilization

BJP leader Nitin Nabin has accused Congress MP Rahul Gandhi and the Chief Justice of the Patna High Court of attempting to destabilize the state government. He made these allegations during a press conference in Patna. Nabin claimed they are working together to create unrest and undermine the administration. The accusations appear to stem from ongoing political tensions in Bihar.

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BusinessEconomic Times ·

Gold Prices Fall, Yet Consumer Demand Remains Subdued

Gold prices have recently declined in the market. However, this drop has not led to a significant increase in purchases from consumers. Shoppers are reportedly hesitant to spend on the precious metal despite the lower rates. Analysts attribute this reluctance to broader economic uncertainty and high inflation. The situation highlights a disconnect between price movement and retail demand.

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BusinessEconomic Times ·

AAP labels central government actions as 'Black Emergency'

The Aam Aadmi Party has accused the central government of imposing what it calls a 'Black Emergency' in India. AAP leader Sanjay Singh made the declaration during a press conference on Saturday. The party alleges democratic institutions are being undermined and voices of opposition are being suppressed. This accusation comes amid ongoing political tensions between the ruling BJP and opposition parties.

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BusinessEconomic Times ·

Citizenship Act protesters gather at Jantar Mantar in Delhi

Demonstrators assembled at Jantar Mantar in New Delhi on Saturday to protest against the Citizenship Amendment Act (CAA). The protest was organized by various groups opposing the law, which fast-tracks citizenship for non-Muslim migrants from neighboring countries. Participants, including students and activists, voiced concerns that the legislation discriminates on religious grounds. This gathering is part of ongoing nationwide demonstrations since the law's passage in 2019.

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