Shakira Is Found Not Guilty of Tax Fraud in Spain
A Spanish court ruled that the pop star was not a tax resident of Spain in 2011 and ordered the country’s tax authorities to return tens of millions of dollars to her. Source link
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RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive
The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and…
Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears
Stocks and bonds wavered after President Trump issued a new warning to Iran. Source link
IPO-bound Muthoot Fincorp sees duties on gold driving up loan volumes
Mumbai: IPO-bound Muthoot Fincorp sees increased duty on gold adding to loan growth as higher prices post the hike expand borrowing headroom, even as the company has begun tracking end-use of loans from April in line with Reserve Bank of India norms and finds that a majority 70% are for productive purposes rather than consumption.Explaining…
Insurers’ Delays in Approving Medical Care Persist, Despite Promises
Doctors and patients complain that the controversial practice of prior authorization for treatment and procedures is still widespread. Source link
Piyush Goyal asks industry to identify import substitutes, pushes local manufacturing to cut dependence
Commerce and Industry Minister Piyush Goyal on Monday urged industry stakeholders to identify products that can be manufactured domestically to reduce India’s dependence on imports and strengthen local production capabilities, PTI reported.Addressing domestic traders, the minister also asked industry to focus on boosting exports and prioritising products made in India over imported goods.“You should keep…
The Villain of This Year’s Commencement Speeches: A.I.
College students have interrupted graduation ceremonies to voice their fears about artificial intelligence. They’re not the only ones who are worried. Source link
Indian Railways reveals proposed bullet train design
This is how India’s first bullet train would look (Courtesy: Indian Railways via ANI) NEW DELHI: Indian Railways has unveiled the design of the country’s first bullet train, set to run between Mumbai and Ahmedabad, displaying an image of the train at the Ministry of Railways in the national capital.Also Read: India’s first ‘swadeshi’ bullet…
Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects
With the midterms nearing, President Trump’s approval rating has hit a second-term low as voters question his handling of the economy, according to the latest New York Times/Siena poll. Source link
What are EGRs, how do they work, and what investors should know
Trading in Electronic Gold Receipts (EGRs) on the National Stock Exchange (NSE) begins from May 18, marking a significant change in India’s organised gold market and offering investors a new way to buy and hold the precious metal in digital form, ET reported.The market will operate from Monday to Friday between 9 am and 11:30…