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 improve […]
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 introduced, […]
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 allow […]
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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 the […]
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, who […]
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 the […]
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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 the […]
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 Road” […]
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, an […]
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, to […]