Sunday, April 28
As India braces itself for another scorcher of a summer — with the India Meteorological Department forecasting more heatwave days than usual — companies are putting in place measures to provide some relief to workers. From ecommerce firms to real estate developers as well as oil, coal and mining companies — all say they are scaling up their efforts to protect those at higher risk from soaring temperatures. Temperatures have touched 40 degrees Celsius in many parts of the country, with worse expected to follow in the next few months.Measures to safeguard workers during the brutal summer months include restricted work hours, flexibility, resting areas and water stations, access to energy drinks, oral rehydration solution (ORS), medicines, access to health professionals, and breathable
New Delhi: India's apex direct taxes body Friday said it will address all "queries" related to the amended Double Taxation Avoidance Agreement with Mauritius while terming concerns around it "premature" as the protocol is yet to be notified. "Some concerns have been raised on the India Mauritius DTAA amended recently. In this context, it is clarified that the concerns /queries are premature at the moment since the Protocol is yet to be ratified and notified u/s 90 of the Income-tax Act, 1961," the Central Board of Direct Taxes (CBDT) posted on 'X'. "As and when the Protocol comes into force, queries, if any, will be addressed, wherever necessary," it added.The clarification follows concerns by tax experts over the agreement opening past investments to scrutiny from tax authorities at the t
Amid escalating tensions between the United States and China, the US Commerce Department has taken action by blacklisting four Chinese companies for their alleged involvement in supplying artificial intelligence (AI) chips to China's military modernization efforts. This move comes as part of the US government's efforts to prevent sensitive American technology from being used for military purposes in China.The blacklisted companies, including Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co, were among 11 additions to the Commerce Department Entity List this week. Being placed on this list makes it significantly challenging for these companies to access American goods and technology.According to Kevin
