India is looking to fight a lonely battle on global rules for e-commerce trade at the World Trade Organization (WTO) with close to 70 countries siding with the US to have a multilateral mechanism.
Companies can claim input tax credit (ITC) under the goods and services tax (GST) regime even if the liability to pay for inputs between them, including tax, is discharged through adjustments in their books, ruled an authority for advance rulings (AAR).
Reserve Bank of India (RBI) has begun the practice of meeting the statutory auditors of banks at the start of every quarter to stop banks from under-reporting non-performing assets (NPAs).
Global clothing brands including H&M, Primark and Tesco won a Bangladesh Supreme Court case Sunday, allowing international factory safety monitors to operate in the country which has had a string of industrial disasters.
Lisbon, Portugal, is a scenic and hilly city which has preserved its old Christian traditions and has a hint of romance to it. It’s also rare to come across any South Asians there, unless it’s a Bangladeshi.
When the PTI government took office, it inherited a huge current account deficit, and it was assumed that it would take strong measures to enhance exports to curtail this gap primarily between yawning imports and dwindling levels of exports, especially when it outrightly exhibited dissent towards seeking an IMF programme.