Aug. 4 – A recent Supreme Court decision has ruled that payment made in kind will also be subject to taxes in India.
This was based on an appeal made in court by local company Kanchanganga Sea Foods regarding its payment in kind to Hong Kong-based company Eastwide Shipping for lending the use of vessels and personnel. The Indian company gave Eastwide 85 percent of fish catch as payment. It was able to get its foreign partner official permission to fish in an Indian economic zone. Continue reading
Jul. 21 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
Solar Eclipse in India
The longest eclipse of the 20th century will pass over parts of India and China. In India, it will occur during sunrise on July 22 and can be viewed from Surat in Gujarat and towards parts of Maharashtra and Madhya Pradesh, then covering Gaya in Bihar with clearest view and culminate in Dibrugarh in Assam, till 10.30 am, according to the Express India. The longest period of the eclipse will happen at Surat and will last about 3 minutes and a few seconds.
Jul. 9 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
India to Launch Nuclear Submarine
India will showcase its naval power this July by launching its first indigenous nuclear submarine by the end of the month. The vessel is based on the Russian Akula-I class submarine and is powered by a single pressurized water reactor. Its nuclear reactor has been developed at the Indira Gandhi Center for Atomic Research at Kalpakkam in the southern state of Tamil Nadu. Continue reading
Jul. 1 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
Power Tariffs set to Increase in Bangalore
Power tariffs are set to rise by as much as 20 percent for all categories of consumers in Bangalore if the Karnataka Electricity Regulatory Commission (KERC) approves a proposal submitted by the Karnataka Power Transmission Corporation (KPTC) and five electricity supply companies on Tuesday. The Times of India reported that the city has no choice but to revise the power tariff to make up for a heavy loss of funds due to an untenable power purchase agreements worth Rs 3,000 crore, made by the state government to mitigate the power crisis during summer and prior to Lok Sabha polls. Continue reading
Jun. 16 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
Indian PM set to visit Yekaterinburg after 54 years
The Indian Prime Minister Manmohan Singh is set to visit the central Russian city of Yekaterinburg in the coming days, the first time an India prime minister has visited the city since Jawaharlal Nehru did in1955. Singh will attend the dual summits of the Brazil – Russia – India – China (BRIC) nations and the six-nation Shanghai Cooperation Organization (SCO) in Yekaterinburg, located in the Urals. The main focus of the meetings will be on discussing suitable ways to reform international financial institutions. Continue reading
Jun. 10 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
Indian Winemaker sought by Asahi Breweries
Indage Vintners India’s largest winemakers and home of the surprisingly good Chateau Indage range, is being sought by Japans Asahi Breweries in a potential US$150 million takeover. Asahi has been looking at acquisitions in the India market for some time and already has a distribution agreement for its imported beers with Indage’s main competitors, Sula Vineyards. Continue reading
Jun. 2 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
India sailing against recessionary wind
India is showing an economic growth of 6.7 percent in this year of down turn (2008-09). Moreover the growth and the rise in the value of the rupee against the dollar has set India in the row of trillion dollar economy resulting in the growth of per capita monthly income of an average Indian crossing Rs 3,000 for the first time giving a clear indication that India might be one of those country to first come out from the financial meltdown and economic down turn. Continue reading
May 25 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies.
Banana Fiber a New Textile Commodity
Weavers near Chennai have developed a new product made from Banana fiber, in association with the National Research Centre for Banana. The new textile is said to be suitable for wear, is absorbent and said to be cool to wear. They remain odorless, resist shrinkage and fading and are inexpensive. The best fabric is said to be a mix of 60 percent cotton and 40 percent banana. Continue reading