Foreign investments

Amendments to the Foreign Investment Regulations of Insurance Companies

[ad_1] The Regulations Governing Foreign Investment of Insurance Companies (the “Regulations”) were implemented on March 6, 1993 and have been amended 25 times. The last change was made on December 31, 2019. This current change (the “Amendment”) was made in response to the demand from policyholders for insurance policies denominated in foreign currencies and to […]

Foreign investments

Foreign investment: Indians invest record amounts in global debt, stocks and bank deposits

[ad_1] Resident Indians have invested in assets abroad for a record amount since the central bank led the way through the Liberalized Discount System (LRS). Indians have invested $ 1.53 billion in debt, stocks and bank deposits through the LRS since the pandemic-induced lockdown in March 2020, the highest since 2004-05 when the window was […]

Corporate profits

Increased growth in the United States in the second quarter; corporate profits rise | Business

[ad_1] WASHINGTON (Reuters) – The U.S. economy grew a little faster than initially thought in the second quarter, raising the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and l impact of Covid-19 vaccinations boosted spending. Thursday’s Commerce Department report also showed a sharp increase in corporate profits, which should […]

Corporate profits

US corporate profits soar in the second quarter; increased economic growth

[ad_1] GDP growth in the second quarter revised to 6.6% Corporate profits hit new record Weekly jobless claims increase from 4,000 to 353,000 WASHINGTON, Aug.26 (Reuters) – U.S. corporate profits hit a new second quarter record, boosted by robust demand and higher prices, suggesting that an expected slowdown in economic growth this quarter due to […]

Foreign investments

“Foreign investments are the key to the switch to nuclear power”

[ad_1] Investments from foreign players keen to do business in the Philippines will push the country to embrace nuclear power, a senior AC Energy official said on Wednesday. “I think the best bet in terms of a potential strategy for the Philippines is to get foreign investors because they are the ones, especially the incumbents, […]

Corporate profits

Global Corporate Profits Dip 8% in Third Quarter After Record Second Quarter – Data | Invest News

[ad_1] By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Global company profits in third quarter are expected to fall for the first time in 18 months after record profits in April-June, Reuters calculations showed, as the spread of the COVID-19 variant Delta squeezes the chains supply and increases labor costs. Massive fiscal stimulus to support […]

Corporate profits

Global corporate profits to fall 8% in third quarter after record second quarter – data

[ad_1] People walk in the financial and business district of La Défense in Puteaux, near Paris, on August 23, 2021. REUTERS / Sarah Meyssonnier Aug. 25 (Reuters) – Global corporate profits in the third quarter are expected to fall for the first time in 18 months after record profits in April-June, Reuters calculations showed, as […]

Foreign investments

BOI invites foreign investment in SEZs

[ad_1] ISLAMABAD – The Board of Investment (BOI) has invited foreign investors, especially Chinese, to set up their business houses in Pakistan’s Special Economic Zones (SEZs). “We look forward to your high quality investments in Pakistan while enhancing B2B and P2P cooperation,” Fareena Mazhar, Secretary of the Pakistan Investment Board, said at the “Belt and […]

Income tax

Finance Minister Sitharaman summons Infosys CEO as income tax portal goes dark: The Tribune India

[ad_1] Tribune press service New Delhi, August 22 As the income tax portal darkens on Saturday, the finance ministry summoned Infosys CEO Salil Parekh on Monday to explain to finance minister Nirmala Sitharaman why even after two and a half months since its launch , the issues with the new portal have not been resolved, […]

Income tax

FinMin summons the CEO of Infosys, Salil Parekh, tomorrow for persistent problems

[ad_1] The Ministry of Finance summoned the Managing Director and Managing Director of Infosys, Salil Parekh, over problems with the new electronic income tax filing portal. The website went live earlier this year, but has been marred by problems since launch. Parekh was called to appear before the Ministry of Finance on August 23, Monday, […]

Foreign investments

Morocco, the first destination for foreign investment – ​​Polish Paper

The Polish newspaper “innpoland” praised the business climate in Morocco and the investment opportunities offered by the Kingdom. The newspaper, which published an article on the Kingdom’s economic assets on Friday, pointed out that “while the word Morocco conjures up beautiful landscapes, excellent cuisine and other things that together make it an ideal destination for […]

Foreign investments

Foreign investment in Egyptian treasury bills increases to $ 22.866 billion in June 2021: CBE

[ad_1] The Central Bank of Egypt (CBE) revealed that foreigners’ investments in Egyptian treasury bills (treasury bills) reached $ 22.866 billion (or EGP 359.6 billion) in June 2021, up from around 22 , $ 25 billion (EGP 349.9 billion) in May 2021, an increase of $ 616 million. According to a recent CBE report, total […]

Income tax

YOUR REQUESTS: INCOME TAX: Seniors can claim a tax deduction on medical expenses up to Rs 50,000

[ad_1] Since the shares are considered “movable property”, it is not compulsory to sign a deed of gift. By Chirag Nangia I retired in November 2020 and took out a Mediclaim policy in February 2021. In the meantime, I incurred medical bills for preventive checkups, medical consultation fees, and dental treatment. Can I apply for […]

Foreign investments

Retrospective tax law change will help India attract more foreign investment: UKIBC

[ad_1] The retrospective amendment to Indian tax law, which rescinds the tax demand raised for the indirect transfer of Indian assets made before May 28, 2012 subject to specified conditions being met, may help attract more foreign investment to India as it sends a clear message that the country welcomes businesses, said the UK India […]

Foreign investments

Foreign investment in health care encouraged

[ad_1] MANILA, Philippines – The Philippines is expected to attract more foreign investment in the health system as the country continues to lag behind in Southeast Asia. In a discussion paper, the state-run Philippine Institute for Development Studies (PIDS) think tank argued that the country has long lagged behind neighboring countries in the region in […]