A so-called "D10" club of democratic partners, including G7 countries - UK, US, Italy, Germany, France, Japan and Canada - plus Australia, South Korea and India will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China, 'The Times' reported. … [Read more...] about UK invites India for G7 summit
Accepting lunch invitation
Nepal never accepts interference in domestic politics: Nepalese Foreign Minister Gyawali
As the crisis deepened, China rushed a high-level team headed by Vice-Minister of the International Department of the Communist Party of China (CPC) Guo Yezhou to Kathmandu to hold talks with the rival factions within the NCP after the Chinese ambassador in the country failed to sort out differences. … [Read more...] about Nepal never accepts interference in domestic politics: Nepalese Foreign Minister Gyawali
Gyawali calls again for border resolution, as Modi declines meeting
“The Raksha Mantri (Defence Minister Singh) conveyed his personal connect, long association with leadership and special regard for the people of Nepal. Both the dignitaries expressed their satisfaction at the excellent military-to-military cooperation. Raksha Mantri stated that India is ready to provide Humanitarian assistance & Disaster Relief (HADR) training & capacity building of Nepal,” a Defence Ministry statement said. … [Read more...] about Gyawali calls again for border resolution, as Modi declines meeting
Mediating the farmers’ protests is difficult terrain
Once discussions start and are properly guided, solutions are possible. It may well be that once the important elements get focused upon and the key concerns expressed, approaches will open up which will secure legitimate interests to the maximum extent possible. Right now, parties are log jammed on the demand for immediate repeal, and the counter of focusing on amendments. The Supreme Court order may relegate this obstacle to the background. With all aspects on the table, it may be possible to get agreement and then put forward a law for repeal and reenactment, a known legislative device. All this is however possible if it is mediation on accepted principles and lines, which is not the case now. The Court needs to be careful about further continuance; its reservoir of public trust should not further be diminished. … [Read more...] about Mediating the farmers’ protests is difficult terrain
ITAT: 10% price-stamp duty variance relief on flat sale applies from 2002-03
MUMBAI: A recent ruling of the Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench has come as a relief to taxpayers embroiled in litigation on capital gains arising out of sale of their flats due to the sale price being lower than the stamp duty valuation.ITAT has held that the benefit of a higher tolerance band of 10% for the difference between the sale price of a flat and the stamp duty valuation will apply with retrospective effect.The ITAT bench of vice-president Pramod Kumar and judicial member Saktijit Dey held this benefit would apply retrospectively from financial year 2002-03 (assessment year beginning April 1, 2003) when anti-abuse provisions were introduced in the income-tax Act.The ruling will help pending cases from these years when the acceptable variation rate was much lower or no such leeway was available. Tax experts said several such cases are pending at various levels, especially in larger cities such as Mumbai.To prevent tax abuse and deter the use of black … [Read more...] about ITAT: 10% price-stamp duty variance relief on flat sale applies from 2002-03
