India is considering extending a presumptive tax regime to non-residents in the renewable energy sector, including bio energy. This move aims to attract foreign expertise for setting up solar plants and participating in the value chain. The government is evaluating…
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The Supreme Court has ruled that heavy industrial and construction machinery like dumpers and excavators, used within factories and mines, are not motor vehicles and thus exempt from road tax.
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The industry expects the government to address these issues in the Union budget announcement this year. Sudarshan Jain, secretary general of Indian Pharmaceutical Alliance (IPA) said the recent global challenges like US tariffs, supply chain disruptions and geopolitical uncertainty have…
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According to draft procedures for RCO compliance mechanism, issued by the Bureau of Energy Efficiency, the exemption covers self-consumed electricity generated through waste recovery, including from byproduct gases, or other forms of residual energy sources associated with industrial processes.
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Reliance Industries is seeking United States approval to resume buying Venezuelan crude oil. This move comes as India faces pressure to reduce its imports of Russian oil. Reliance representatives are in discussions with U.S. departments for authorization.
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The Reserve Bank of India has reduced its holdings in US Treasuries. This strategic move sees the central bank increasing its gold reserves. The shift aims to diversify foreign exchange reserves. This diversification is a response to global economic uncertainties.…
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