MUMBAI: Startups and venture capital (VC) firms are seeking an easier tax regime and measures to boost availability of domestic capital in the upcoming Budget. Parity between foreign and domestic funds in terms of taxation is required to attract foreign investors to Indian alternative investment funds (AIFs), said Siddarth Pai, founding partner at 3one4 Capital…
Anita Anand, the Indian-origin Transport Minister of Canada, has dropped out of the race to replace Justin Trudeau as the next Prime Minister. Anand, who had emerged as a frontrunner to be Trudeau’s successor, also said that she won’t seek re-election as an MP for Oakville, Ontario. “Now that the Prime Minister has made his…
NEW DELHI: Trade unions on Monday pressed for increasing minimum EPFO pension 5 times to Rs 5,000 per month, immediate constitution of the 8th Pay Commission and higher taxes on super rich in the upcoming 2025-26 Budget. In their pre-budget meeting with FM Nirmala Sitharaman, trade union leaders also demanded an increase in income tax…
South Korean investigators trying to arrest suspended President Yoon Suk Yeol have asked for an extension to the warrant that expires Monday, with the embattled leader holed up in his residence. The former star prosecutor has defiantly refused questioning three times before a failed arrest attempt saw hundreds of protective guards block investigators trying to…
MUMBAI: Several engineering students staged a protest at Mumbai University’s Kalina campus again on Thursday, seeking a ‘carry-on’ chance. The students have one ATKT (allowed to keep term) in their first year and, therefore, are not being allowed admissions to the third year.While the students claimed that other state universities are allowing this provision, Mumbai…
US President-elect Donald Trump’s supporters have targeted the Optional Practical Training (OPT) programme, a critical pathway for international students, particularly Indians, aiming for H-1B visas, accusing it of “killing jobs for new American college graduates”. The OPT programme, which allows international students in the US to work temporarily after graduation and serves as a stepping…
World Bank chief economist Indermit Gill believes there are several things going for India – from the demographics to geopolitics and from a large domestic market to low debt levels in the private sector. He tells TOI in an interview that India should seek to push its potential growth from 6% to 8% by focusing…
Banking and business groups sued the US Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency in how the rules are adopted. The groups, including the Bank Policy Institute and American Bankers Association, contend that the Fed’s criteria for the tests are designed in secret and produce “vacillating and unexplained…
Colleges Plead for Yet Another Extension: Colleges and universities across the United States are calling on the Department of Education to extend the deadline for reporting requirements under President Biden’s gainful employment and financial value transparency rule. This marks the third such request in a year, with institutions now asking to move the January 15,…
MUMBAI: Two law aspirants have moved the Supreme Court challenging the provisional answer key released by the Consortium of National Law Universities (NLUs) and seeking a stay on the publication of the Common Law Admission Test (CLAT) 2025 results and the subsequent counselling process, days after it was conducted. The test was held in centres…