Finance minister Nirmala Sitharaman proposed reducing the tax rate for foreign companies to 35% from 40%, aiming to attract more overseas firms to set up a permanent base in the country and boost foreign inflows. “We want more investment to come into the country that is why it has been brought down,” Sitharaman told reporters … Read more
Simplifying the tax regime for corporate industries, Union Finance Nirmala Sitharaman on Tuesday, proposed new tax structures for charities, foreign shipping companies, rationalisation of capital gains in her 2024 Budget speech. She also reduced corporate tax on foreign companies from 40 to 35%. Ms. Sitharaman’s speech lasted just shy of ninety minutes Also read: Budget … Read more
Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.
Injective Protocol has launched its latest version, Injective 3.0, on the mainnet with the aim of reducing INJ’s total supply over time.
Fact: More people have walked on the Moon than have played James Bond.
An unusually warm winter in Canada has delayed the opening of a 400-kilometer ice road used by mining companies to access their diamond mines in the Arctic. The delay is the longest in recent years and is due to climate change and the El Nino climate pattern. The warm winter could risk an early closure of the ice road, impacting the transportation of goods to the mines. The lack of infrastructure in the region is a challenge, and mining companies are pushing for a mega infrastructure project to unlock the mineral riches in the area.