Police in Corona, California, say a man who allegedly punched three players during a girls’ high school basketball game has been arrested
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Saturday, 4 February 2023
Foreign Portfolio Investors To Pay Higher Tax On Debt Securities: Report
Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds, a senior tax official said on Saturday.
Foreign portfolio investors have been enjoying a lower 5% tax on interest earned on bonds since 2013, making investments in the country more attractive. Ending this treatment would require them to pay a 20% tax on interest income from July 1.
"It has not been extended," Central Board of Direct Taxes chairman Nitin Gupta told Reuters. "Our view point is that it was a revenue foregone by the government
"We have certain tax treaty with any jurisdiction which permits the Indian government to deduct tax at a certain rate. We had foregone that right. It was helping the other government, and the other jurisdictions," Gupta said in an interview.
The exemption does not benefit any Indian company, he said.
Gupta said regular registration by charitable trusts will help India in gathering data of beneficial owners, and comply with standards from the Financial Action Task Force, a global money laundering and terrorism watchdog.
The task force, reviewing India this year, is "much concerned about trusts because it becomes a route... for illegal activities, money laundering," he said.
India's $550 billion budget, unveiled on Wednesday, proposes a series of changes for charitable trusts that include regular registration to access tax benefits.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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Friday, 3 February 2023
Man charged in Tennessee jogger's death pleads not guilty
Family of Minneapolis man killed in no-knock raid sues city
Tax Sought From Amazon In India On Cloud Services Fees Paid To US
Indian tax authority has decided to charge tax on cloud services fees paid by Amazon to the US, a move which will lead to company coughing up "significant" amount in taxes including payments for some of the previous years, the company said in a regulatory filing.
Without sharing details of the decision, Amazon said it will contest the decision but it will have to remit a significant amount in taxes unless the matter is resolved.
"In February 2023, we received a decision by the Indian Tax Authority (ITA) that tax applies to cloud services fees paid to the US. We will need to remit taxes on the services in question, including for a portion of prior years, until this matter is resolved, which payments could be significant in the aggregate," the company said.
Amazon claimed that the ITA's decision is without merit.
"We believe the ITA's decision is without merit, we intend to defend our position vigorously, and we expect to recoup taxes paid. If this matter is adversely resolved, we would reflect significant additional tax expense, including for taxes previously paid," Amazon said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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'Can't Take New Year's Test From Sydney To Adelaide': Ex-Aus Captain Fumes
Former Australia captain Michael Clarke has ridiculed a reported proposal by South Australia to bring the new year's Test to the Adelaide Oval from Sydney, saying it is unthinkable. Just like the Boxing Day Test is synonymous with the Melbourne Cricket Ground, the Sydney Cricket Ground (SCG) has historically been hosting the first fixture of the new year. However, the inclement Sydney weather around this time of the year has caused a lot of frustration, with the latest disruption coming during the third Test against South Africa.
Substantial disruption was witnessed on the first and second day of the Test, while the entire third day was rained off as the match ended in a tame draw.
It is estimated that inclement weather affected Test cricket 64 per cent of the time in the last eight years in the Sydney.
A report in news.com.au said on Friday that South Australian Premier Peter Malinauskas has confirmed that Adelaide had approached Cricket Australia (CA) for the new year's Test to be moved from SCG to Adelaide Oval.
"I think we had double the crowd at the Adelaide Test than we saw at the Perth Test. We often have bigger crowds than Sydney and that's despite having a far smaller population," Malinauskas was quoted as saying in the report.
"South Australians are passionate about their sport. They love their cricket, myself included, so we stand ready to work with Cricket Australia to improve their product to more people around the country." However, Clarke, who hails from New South Wales, indicated it was wishful thinking.
"Not happening," Clarke said on Big Sports Breakfast on Friday.
"Can't take Boxing Day from the MCG and you can't take new year's away from the SCG, (an) absolute no-brainer. The day that stops is the day Test cricket is finished in this country.
"Their (Adelaide) Test match is perfect, when they've got it, under lights, it's perfect, it's working so well. Why would they want to change that?" Clarke asked.
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Thursday, 2 February 2023
Police say Oregon shooting suspect 'contained' in his house
7th Memphis officer disciplined, EMTs fired in Nichols death
Tryon Smashes Indian Bowlers As SA Win Tri-Series Final By Five Wickets
A poor batting performance cost Indian team dear as it suffered defeat in yet another summit clash, losing a low-scoring women's Tri-series final to hosts South Africa by five wickets in East London on Thursday. Chloe Tryon (57* off 32 balls) did exactly what all others failed as she counter-attacked with great gusto, hitting six fours and two sixes, to chase down a meagre 110-run target with two overs to spare. What made Tryon's innings extra special was the degree of difficulty all other batters encountered due to the slowness of the track.
Indian spinners Deepti Sharma, Rajeshwari Gayakwad and Sneh Rana tried their best to offset a baffling batting approach by Harleen Deol but the target was never a defendable one despite South Africa being reduced to 47 for 4 and subsequently 66 for 5 at start of 14th over.
On a pitch where the ball wasn't coming on to the bat, Tryon did exactly opposite of what Deol did. The Indians paid a hefty price of the huge number of dot balls consumed by Deol.
"Body is fine. It will get better with rest. We have got some good performances. Unfortunately today we were not able to bat the way we wanted and the bowlers did well," India captain Harmanpreet Kaur said later.
Tryon plonked her front-foot and exhibited power hitting of highest order, repeatedly targeting the arc between square leg and mid-wicket.
In the end, the victory came way more easily than one had thought as the stocky Proteas middle-order batter got a lucky six when Pooja Vastrakar dropped a dolly at deep square leg boundary to gift the opposition easy winning runs.
Earlier, Deol's painstaking 46 off 56 balls on a slow track did more harm than good as India managed only 109 despite losing four wickets.
With stylish Smriti Mandhana dismissed for nought and skipper Harmanpreet Kaur (21) also back in the dug-out just when she was getting set, Deol's effort was a below par one as she played a huge number of dot balls which increased the pressure on Deepti Sharma (16 not out off 14 balls), who also couldn't do much of the heavy-lifting.
Worse still, there was no effort from India to force the pace and Deol was happy playing the sheet anchor till she lost her wicket in the final over.
For South Africa, left-arm spinner Nonkululeko Mlaba (2/16 in 4 overs) was brilliant in the Powerplay as a frustrated Mandhana was bowled having failed to open her account in previous seven deliveries. She charged down the track and played all over a delivery that disturbed the leg stump.
Other opener Jemimah Rodrigues (11 off 18 balls) and Deol couldn't get off the blocks against Mlaba and seasoned pacer Shabnim Ismail (0/9 in 3 overs).
In between the South African duo, they bowled 25 dot balls with India scoring only 19 runs in six Powerplay overs.
Both Rodrigues and Harmanpreet were out when they were beaten by away turn from Mlaba and leg-spinner Sune Luus with keeper Sinalo Jafta effecting smart stumping.
The ball often didn't come on to the bat and the Indian batters didn't have requisite pace on deliveries to work with.
Such was their plight that the boundary count in 20 overs was not even in double digits. It was just nine. The total dot ball count was 57 (9.3 overs cumulatively) with the most consumed by Deol.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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