MF units held by non-residents in Mauritius and Singapore declined after the amendment of Double Taxation Avoidance Agreement (DTAA) with these countries for withdrawal of capital gains exemption in a phased manner, effective April 2017.
According to the RBI, entities not able to comply with the net-worth requirement within the stipulated time frame, need not apply for authorisation but should wind-up payment aggregation business within one year of issuance of guidelines.
The currency opened lower at 71.54, then fell to a low of 71.63 during the day and finally closed at 71.60, down 68 paise over its previous close as the rise in oil prices hit the forex market sentiment.
The minister said the two countries were yet to “firm up” specifics of their discussions, which may be finalised when the Prime Minister and US President Donald Trump meet during an event organised by the Indian American community in Texas.
“I think that it is not good for the federal polity of our country and cooperative federalism we all swear by these days,” the former PM said while addressing the ‘National Seminar on Additional Terms of Reference of the 15th Finance Commission: Implication for the States’.
The company is deploying Boeing 787 Dreamliner aircraft to operate Delhi-Warsaw flights on Monday, Wednesday, Thursday, Saturday and Sunday, while Warsaw-Delhi flight will operate on Tuesday, Wednesday, Friday, Saturday and Sunday.
Sujay Banarji, Member— Distribution, IRDAI, said “Regulatory Sandbox will foster collaboration and further the interests of all stakeholders i.e. regulator, insurance companies, start-ups and end consumers”.
Retail sales continue to be in the slow lane, leaving dealers saddled with high inventory, while company stockyards are also short of space. This has reduced dealers’ ability to take further stock, prompting manufacturers to shut down plant and cut production.
The new e-assessment regime will be voluntary and taxpayers can take a call on whether to conduct their dealings over the e-system or through the existing procedure of manual submission of documents by visiting the tax office.