Guidelines Financial News

Israel on October 7th, that “terrorism pays". Ireland, Norway and Spain are joining the majority of countries: almost three-quarters of members of the UN recognise Palestine. What exactly does that mean—and who are the holdouts? There are no binding rules about when one country should recognise another, but international law provides some guidelines.

The IRS has finalized its proposed 10-year RMDs rule for inherited retirement assets, and advisors say its NBD.

Mumbai: The sale of carbon credits to overseas entities in voluntary carbon markets (VCM) could make India’s emissions reduction more expensive and difficult, the Economic Survey 2023-24 said, adding that India “may not subsidize the transition of other countries". VCMs comprise trading in carbon credits by entities of their own volition to meet their internal emissions reduction targets. The survey noted that there is uncertainty regarding accounting standards when credits are sold internationally and then redeemed by a foreign entity.

Instagram. For three years, the 21-year-old engineering student from Meerut had been battling a persistent headache, along with growing anxiety and creeping disinterest in life. That day in February, as a stream of memes and filtered photos filled his phone screen, a glimmer of hope appeared for Kumar: an account, @Hemant_Mahajan18, promised to cure anxiety “permanently without medicine”. With over 12,000 followers and claims of having helped a couple of thousand people, Mahajan’s “Happy Living” programme seemed just what Kumar needed. It claimed to “cure stress/anxiety in 28 days from its roots” and assured a 100% refund if there was no improvement.

A grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food industry, according to the president of Kraft Heinz Canada.

Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale. On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000 crore at a rate of interest of 7.54%, the lender informed exchanges.

Mint gives you a rundown of how the different types of trading incomes are reported in tax returns. Trading in stocks derivatives counts as business income for income tax filing. It is to be reported in ITR-3, or ITR-4 when you opt for a presumptive income scheme.

WGC) has made presentations to the Union finance ministry and Reserve Bank of India to come out with appropriate guidelines and regulatory framework for digital gold business in India. The council has asked the authorities to introduce checks and balances to ensure that the gold bought digitally by the customers is protected. It has also asked to put in place a transparent way to buy and hold gold digitally.

queer community lodged in jails can meet a person of their choice without any discrimination or judgement as part of their prison visitation rights. In a communication to all state governments, the Union home ministry said it has been the constant endeavour of the Centre to reach out to all states and Union territories and share the contemporary guidelines and best practices on varied aspects of efficient prison administration and management. The ministry said it has come to its notice that members of the queer community (LGBTQ+) are often discriminated against because of their gender identity or sexual orientation and often face violence and disrespect. With the objective of ensuring that there is no discrimination in access to goods and services to the queer community, which are available to the public at large, especially with reference to prison visitation rights, the home ministry has prepared 'Model Prison Manual, 2016' and the 'Model Prisons and Correctional Services Act 2023' and these should be followed by all state governments and Union territories, it said.

Ethereum Enterprise Alliance (EEA) has launched the first standard for decentralized finance (DeFi) protocols.

e-commerce exports in India’s free trade agreements. To achieve $200-300 billion in e-commerce exports by 2030, the two organisations, in a report on Thursday, proposed cheaper financing through priority sector lending for such outbound shipments and increasing the consignment limit via courier route to $50,000 from $12,000 now. The report titled ‘Enabling e-commerce exports from India’ has recommendations on easing customs procedures, enabling robust reconciliations and payment settlement mechanisms and various policy interventions to push e-commerce exports which are estimated at $4-5 billion in FY23 accounting for 0.9-1.1% of India’s total merchandise exports. The report compares best practices followed in China where the consignment limit for e-commerce exports is $50,000, cross-border e-commerce pilot zones established to expedite customs clearances through a ‘green channel’, simplified export procedures like release-from-manifest and consolidated declaration, and preferential policies, warehouse facilities, and benefits including lower income tax in these zones.

power sector in the country, Union Power Minister Manohar Lal Khattar has called on the state governments to make improvements in the sector to become self-sufficient. Speaking to reporters, Minister Khattar, said, «There are guidelines that can be given to the state governments. Ultimately, the work of implementation is the responsibility of the state governments, so we will definitely appeal to everyone as the power sector has become so important nowadays… if the sector is not made self-reliant, then its effect directly falls on the public as well as the state governments.» He added, «So if the state governments want to stand on their own two feet and be self-sufficient, then it is very important to bring improvements in the power sector...»

How much drinking is bad for you? Though more people are calling themselves sober-curious or are trying zero-proof replacements for alcohol, drinking is a regular part of social life for most of us. A coupe of champagne can add fun to a celebration. A cocktail can take the edge off a tough day.

MUMBAI: In the rapidly growing world of finance influencers, what do Ananth Ladha*, Fincocktail, Pooja Patel, Himani Chaudhary, and Udayan Adhye share beyond their combined 12.5 million Instagram followers? These finance content creators are all registered mutual fund distributors (MFDs), leveraging their vast social media reach to redefine traditional financial advisory roles.

nutraceuticals to the drug regulatory authority from the oversight of the Food Safety and Standards Authority of India (FSSAI) has come under fire from pharma lobby groups and industry experts, who have raised apprehensions over the move and said the proposal should be kept in abeyance until it is discussed in detail. Nutraceuticals refers to food products with extra health benefits and includes supplements, functional foods and beverages. According to industry data, the segment is projected to grow to $18 billion in India by the end of 2025 from $4 billion in 2020. Experts said the regulations for nutraceuticals in the country are aligned with Codex Alimentarius, a global body functioning under the auspices of the World Health Organisation (WHO) to ensure safety of consumers.

The entire end-to-resolution process now is not online, but the application process is. Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises (FISME) said: "Arbitral awards given by the MSME facilitation councils are often appealed in higher courts, and the issue of delayed payments to MSMEs takes that much longer to be resolved." He further said that the the execution of arbitral award given towards MSMEs currently takes considerable time period which impacts the finances of these small businesses.

United States has tweaked the International Entrepreneur Rule in a bid to attract more foreign entrepreneurs. Under the updated guidelines, foreign entrepreneurs can now potentially stay in the US for up to five years, contingent upon their venture's public benefit. Initially granted for two-and-a-half years, extensions may be granted based on criteria like funding milestones and job creation. The International Entrepreneur Rule (IER), administered by the Department of Homeland Security (DHS), lets noncitizen entrepreneurs apply for authorized stay in the United States, known as «parole,» based on demonstrating significant public benefit through their business ventures. This allows them to work exclusively for their startup. Eligibility extends to the entrepreneur's spouse, but not their children, who may also be paroled.

MUMBAI : The controversy over Care Health Insurance Ltd’s award of hefty stock options to its chairperson Rashmi Saluja has taken a turn that may further delay the billionaire Burman family’s bid to take over the company’s parent entity, Religare Enterprises Ltd. In a move that may spark a fresh legal tussle, Care Health has argued against the insurance regulator’s powers over stock options granted to anyone in an Indian insurance company.

hybrid vehicles in Uttar Pradesh may not be able to immediately take advantage of benefits under a promotional scheme that was announced July 5. The state transport authority has informed manufacturers in a July 9 letter that the benefits under the state scheme would apply to vehicles certified under the central government’s flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME II) incentive programme. ET has seen the letter. Senior industry executives said the state is considering linking incentives on hybrid and electric vehicles (EVs) to guidelines outlined in FAME II. Some car makers had raised objections to the incentives for hybrids announced by Uttar Pradesh as they feel any state policies not aligned with those of the Centre will be ad hoc and create confusion. “The state transport authority is unlikely to give a blanket exemption and is considering specifying a price cap incentivising only certain categories of strong hybrids,” a person aware of the discussions told ET. “The eligibility criteria for these vehicles and the guidelines for implementation are likely to be linked to FAME II.”

Telecom Regulatory Authority of India (TRAI) is likely to relax some of the parameters in the proposed quality of service (QoS) rules that have been termed too stringent to meet by the industry. The regulator though has stressed that telecom operators must improve service quality, especially on the back of the recent tariff hikes. «The telcos have submitted their comments on the draft regulations during the consultation process. We are aware of the challenges and the final rules would likely address issues raised by the telcos,» a senior official said, asking not to be named. The regulator is likely to issue the final rules in a month or so after taking account of the industry concerns, officials added.