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assembly elections, Shiv Sena (UBT) MLC Anil Parab introduced a private member's bill proposing a 50 per cent reservation for Marathi-speaking residents in new Mumbai housing projects. The bill, pending the deputy chairperson's approval, suggests penalties up to Rs 10 lakh and/or six months' jail for developers who don't comply, TOI reported. Shiv Sena (UBT) holds 9 seats in the 78-member legislative council and 15 seats in the 288-member assembly. The opposition coalition, Maha Vikas Aghadi (MVA), has 75 assembly members and 29 council members, while the ruling Mahayuti alliance controls 212 assembly seats and 28 council seats. The proposed bill may be presented during the monsoon session starting this Thursday. Parab introduced the bill after numerous cases where Marathi-speaking individuals were denied housing due to their food choices or religion. «Discrimination based on such grounds is unconstitutional,» he stated. Parab highlighted a Vile Parle incident where a builder refused to sell homes to Marathi people citing their food habits. Despite protests, government action was lacking, and the builder only apologized after media exposure. Parab emphasized that Marathi speakers are now a minority in Mumbai.

For non-resident Indians (NRIs), managing real estate in India can be a maze of unexpected challenges and hidden tax complexities. Imagine selling your property in India, only to realise that a hefty 20% tax is deducted at source, and the key to reducing this tax burden lies in past tax returns, you never knew you were required to file. 

—Name withheld on request  From your query, I assume that you had made investment in equity shares of an unlisted company which you sold in April 2023. Notwithstanding the determination of whether TDS provisions would have been applicable upon sale of equity shares of the company, capital gains derived from the sale would have been taxable at 20% (plus applicable surcharge and cess) along with indexation benefit.

Also Read: Dee Development Engineers IPO gets fully subscribed on day one. GMP, review, subscription status, apply or not?Investors can find out if and how many shares they have been assigned by utilising the basis of allocation.

₹25,000-27,500 crore in pumped-storage hydropower (PSH) dams over the next five odd years, with PSH capacity of 5 gigawatts as its initial goal. Having already invested heavily in wind and solar projects, Adani expects to move fast on this, aiming to scale up its PSH capacity to 25GW eventually. Players like Tata Power, JSW and the state-run NTPC also plan pump dams.

A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train after a derailment, so they can respond appropriately

Stocks that traded heavily or had substantial price changes on Monday: RXO, Alnylam Pharmaceuticals rise; ResMed, Sonoco Products fall

WWE and Indiana Sports Corp. are teaming up to bring the sports entertainment company’s three largest stadium events, Royal Rumble, SummerSlam and WrestleMania, to Indianapolis

European Union regulators are accusing Apple of breaking new rules on digital competition by imposing rules in its App Store marketplace that prevent app makers from pointing users to cheaper options on other venues

Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied

A fire likely sparked by exploding lithium batteries has swept through a manufacturing factory near South Korea’s capital, killing 22 mostly Chinese migrant workers and injuring eight

Car dealerships across North America are still wrestling with disruptions that started last week

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

For one weekend day this fall in New York — and for a price — MSNBC fans can see many of their favorite personalities in real life

Five years after the 2018 Camp Fire killed 85 people and destroyed 90% of the homes here, residents of Paradise, California, face a new struggle: Finding homeowner's insurance

Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets

The number of outstanding performance cars priced at $65,000 might surprise you.

Beckn-ONIX (Open Network in a Box), an open-source stack that enables rapid deployment and configuration of Beckn-enabled networks through a virtual appliance, can now allow anyone to build an open network in minutes, ensuring faster rollouts of networks, be it in agriculture, energy, healthcare or ecommerce, said a company executive. Created by the Bengaluru-based non-profit Foundation for Interoperability in Digital Economy, the Beckn protocol powers e-commerce networks like the Open Network for Digital Commerce (ONDC). Launching a basic open network involves setting up a registry, gateway, consumer app, and provider app, and can typically take a month to a few weeks.

Mint looks at how trade between the two Asian giants has evolved and why it is proving to be so difficult for India to decouple itself from its neighbour. In FY24, bilateral trade grew 4% to $118.4 billion from $113.8 billion in FY23. India-US trade in the same period declined by 8.6% to $118.3 billion.

class-action lawsuit filed by “Sunday Ticket" subscribers against the NFL is expected to begin deliberations on Wednesday after both sides wrapped up their cases on Monday. U.S. District Judge Philip Gutierrez will have a conference with attorneys for both sides Tuesday morning to determine final jury instructions.

Jaime Villa, the former head of macro research at hedge fund Schonfeld, has resurfaced and not at a hedge fund.