Washington, March 27 (IANS) U.S. President Donald Trump has signed an executive order barring federal contractors from engaging in what the administration calls “racially discriminatory” diversity, equity and inclusion (DEI) practices — a move that directly affects how companies hire and operate in government-contracted work. The executive order requires all federal contracts to include a clause prohibiting contractors and subcontractors from engaging in DEI activities that involve “d…
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New Delhi, March 25 (IANS) The government on Wednesday announced a three-year tax exemption on dividend income for national cooperative federations, a move aimed at benefiting small members and strengthening the cooperative sector.Finance Minister Nirmala Sitharaman said in the Lok Sabha that the tax relief will help boost incomes of small cooperative members and encourage greater participation in the sector.FM Sitharaman stressed that cooperatives, along with micro, small and medium enterprises…
New Delhi, March 3 (IANS) Prime Minister Narendra Modi on Tuesday said that as global supply chains are being reshaped, Indian companies who are making clean and green energy investments will be able to reach better markets worldwide.Addressing a post-budget webinar, PM Modi highlighted that this year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth.“Sustainability, carbon capture, utilisation and storage missions are important steps. Sustainability ne…
New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…
New Delhi, Jan 29 (IANS) The UK India Business Council (UKIBC) on Thursday called for a simplified tax regime through exemptions on capital tax gains from foreign portfolio investors FPIs and other investor-friendly reforms from Union Budget 2026-27.The business advisory body also called for strengthening the GIFT City proposition as a globally competitive financial services hub, simplified GST compliance, incentives and support for the telecom sector.It urged the government “to provide increase…
Washington, Jan 15 (IANS) The United States’ decision to place Gaza under a technocratic Palestinian administration and move toward reconstruction could create future opportunities for Indian companies in the civilian sector, even as officials stressed that rebuilding will only begin after security and governance conditions stabilise.Senior US administration officials on Wednesday (local time) outlined phase two of President Donald Trump’s Gaza plan, which establishes the National Committee …