New season Darjeeling first flush tea receives record price of Rs 23,000 per kg

New season Darjeeling first flush tea receives record price of Rs 23,000 per kg

The new season first flush Darjeeling tea has received a record price of Rs 23,000 per kg. Well-known tea brand Golden Tips has sourced and purchased these new season spring teas from Goodricke Group‘s Badamtam tea estate. Golden Tips procured the organic white teas at Rs 23,000 per kg and moonlight tea at Rs 21,000 … Read more

Bengal killings: TMC Rampurhat-1 block president Anarul Hossain arrested

Bengal killings: TMC Rampurhat-1 block president Anarul Hossain arrested

Trinamool Congress Rampurhat-1 block president Anarul Hossain was arrested on Thursday in connection with the killings in Bogtui village in West Bengal’s Birbhum district, police said. He was arrested from Tarapith in the district within hours of Chief Minister Mamata Banerjee directing the police to nab him for not paying attention to local people’s apprehension … Read more

What is the new COVID-19 variant BA.2, and will it cause another wave of infections in the US?

What is the new COVID-19 variant BA.2, and will it cause another wave of infections in the US?

A new omicron subvariant of the virus that causes COVID-19, BA.2, is quickly becoming the predominant source of infections amid rising cases around the world. Immunologists Prakash Nagarkatti and Mitzi Nagarkatti of the University of South Carolina explain what makes it different from previous variants, whether there will be another surge in the U.S. and … Read more

UBS and Credit Suisse make further progress in emergency plans – regulator

UBS and Credit Suisse make further progress in emergency plans – regulator

UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday. Big Swiss banks must demonstrate how they would right themselves in the event of an emergency, or how they can be restructured or liquidated without obstacles while maintaining … Read more

Payments received in cryptocurrencies set to face GST complications

Payments received in cryptocurrencies set to face GST complications

Individuals who had provided services to clients outside India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the goods and services tax (GST). Many individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clients based … Read more

Explained in charts: How India achieved $400 billion exports target

Explained in charts: How India achieved $400 billion exports target

(This story originally appeared in on Mar 23, 2022) NEW DELHI: India achieved its ambitious target of crossing $400 billion exports on Wednesday, with 9 days remaining in the current financial year 2021-22. With this, India has achieved a key milestone in its journey towards becoming ‘aatmanirbhar’. This is the first time ever that exports … Read more

Rishi Sunak sets out UK’s Spring Budget amid high inflation

Rishi Sunak sets out UK’s Spring Budget amid high inflation

Chancellor of the Exchequer Rishi Sunak tabled the UK’s Spring Statement, or the country’s one of two annual fiscal statements, on Wednesday amid high inflation and price rises and announced measures such as a drop in the basic rate of income tax, a cut in fuel duty and doubling support for vulnerable households. The Indian-origin … Read more

India mulls exempting some projects from solar import taxes

India mulls exempting some projects from solar import taxes

India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s shift to clean energy. “We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,” the … Read more