Politics
Biden admin, US companies welcomed economic reforms by India: Sitharaman
Finance Minister Nirmala Sitharaman has said that the Biden administration as well as leaders from the corporate sector in the US have welcomed as a very positive step the reforms undertaken by the Indian government, particularly the withdrawal of the retrospective tax.
In August, Parliament passed a bill to scrap a tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The bill provides for the government to refund the retro tax to companies provided all legal challenges are withdrawn.
“The reforms that we’ve undertaken, particularly the steps taken for the withdrawal of the retrospective tax has been mentioned by the United States administration as a very positive step,” Sitharaman said.
“The businesses with whom we have been interacting have also welcomed that decision,” she told reporters here at the conclusion of the Washington DC-leg of her US trip on Friday.
“We have spoken about it. The two countries would like to carry on the negotiation and conclude at the earliest,” she said.
“But on the larger issue of the trade itself, is something which commerce (ministry) is working together with the (American) counterpart. So, I have not engaged in depth into that,” she said.
No stranger to India-US relationship, as she played a key role in this during her previous stints as the commerce and defence minister, this was Sitharaman’s first trip to the US after the Covid pandemic hit both the countries.
News Source : The Tribune
Billionaire Businessman’s Tragic Demise in a Colorado Racing Accident
Tragedy has struck the business world as news emerges of the untimely passing of a prominent billionaire businessman in a racing accident. The unexpected demise of this accomplished individual has sent shockwaves through both the business and sports communities. In this blog post, we reflect on the life and achievements of this remarkable entrepreneur while examining the impact of his unfortunate demise.
The billionaire businessman, whose name we choose not to disclose out of respect for the family’s privacy, was widely recognized for his visionary leadership and entrepreneurial prowess. Throughout his illustrious career, he made significant contributions to various industries, leaving an indelible mark on the business landscape. His exemplary leadership and innovative strategies played a pivotal role in driving growth and shaping the sectors in which he operated.
Beyond his business acumen, the late billionaire possessed an ardent passion for racing. He found solace and exhilaration on the racetrack, where he could embrace his competitive spirit and chase his need for speed. His love for the sport led him to actively participate in various racing events, pushing the boundaries and seeking adrenaline-fueled thrills.
Unfortunately, tragedy struck when the billionaire businessman met with a fatal accident during a racing event in Colorado. The details surrounding the incident are heart-wrenching, serving as a reminder of the inherent risks associated with high-speed sports. The news of his passing has sent shockwaves through the business community, leaving a void that will be felt for years to come.
While the loss of this visionary businessman is a profound tragedy, it is important to celebrate the impact he had during his time among us. His entrepreneurial spirit, strategic thinking, and relentless pursuit of excellence inspired countless individuals in the business world and beyond. His philanthropic endeavors and dedication to social causes further exemplify his commitment to making a positive difference in society.
In the wake of this devastating loss, it is crucial to support and extend our condolences to the billionaire businessman’s family, friends, and colleagues. They have lost a cherished loved one and an extraordinary leader who left an indelible impact on both personal and professional fronts.
The tragic demise of a billionaire businessman in a racing accident has sent shockwaves through the business and sports communities. As we mourn his untimely passing, it is important to reflect on the achievements, legacy, and impact he left behind. His entrepreneurial spirit, leadership, and love for racing have touched the lives of many and will continue to inspire future generations.
May his family and loved ones find solace during this difficult time, knowing that his contributions to the business world and his passion for racing will be remembered as a remarkable legacy. Let us cherish his memory, celebrate his achievements, and strive to emulate the determination and drive he demonstrated throughout his life.
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.jpg "Kangana Ranaut compares herself to Big B, saying, “After Amitabh Bachchan, if someone has received so much love…,” to which internet users respond, “best joke.”")
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.jpg "Sanjay Leela Bhansali’s niece Sharmin Segal blocks comments in retaliation to jeers directed at Heeramandi, and her old pictures with Janhvi Kapoor appear.")
Sanjay Leela Bhansali’s niece Sharmin Segal blocks comments in retaliation to jeers directed at Heeramandi, and her old pictures with Janhvi Kapoor appear.
.jpg "Startups that use excerpts from their own pitch are sent legal notifications by Shark Tank India; the creator responds, “Kaise banega naya India?”")
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.jpg "Day 3 box office receipts for Aranmanai 4: Tamannaah Bhatia’s movie mints around ₹8 crore on opening Sunday")
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After being offended by his impersonation of Karan Johar, comedian Kettan Singh apologises, saying, “Didn’t want to hurt.”
Recalling how Amrita Singh prevented Saif Ali Khan from endorsing his movie Pehla Nasha, Deepak Tijori “I was shocked by it.”
Announcing a new film with Ravi Kiran Kola, Vijay Deverakonda poses for a picture: Together, we’ll produce an exciting movie.
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
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Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
Announcing a new film with Ravi Kiran Kola, Vijay Deverakonda poses for a picture: Together, we’ll produce an exciting movie.
Recalling how Amrita Singh prevented Saif Ali Khan from endorsing his movie Pehla Nasha, Deepak Tijori “I was shocked by it.”
After being offended by his impersonation of Karan Johar, comedian Kettan Singh apologises, saying, “Didn’t want to hurt.”
Day 3 box office receipts for Aranmanai 4: Tamannaah Bhatia’s movie mints around ₹8 crore on opening Sunday
Startups that use excerpts from their own pitch are sent legal notifications by Shark Tank India; the creator responds, “Kaise banega naya India?”
Kangana Ranaut compares herself to Big B, saying, “After Amitabh Bachchan, if someone has received so much love…,” to which internet users respond, “best joke.”
Sanjay Leela Bhansali’s niece Sharmin Segal blocks comments in retaliation to jeers directed at Heeramandi, and her old pictures with Janhvi Kapoor appear.
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