Monday , October 23 2017


Modi seeks simpler rules to raise direct tax share from ‘07 low

epa06057896 A cut out of Indian Prime Minister Narendra Modi is seen on a pro Goods and Services Tax (GST) sign in New Delhi, India, 30 June 2017. The new GST will be implemented by the government at an event in the historic Central Hall of Parliament in New Delhi at midnight to go into effect 01 July 2017.  EPA/HARISH TYAGI

Bloomberg India is reviving attempts to overhaul its half-century-old direct tax laws as it looks to increase the share of collections from the lowest in a decade. Prime Minister Narendra Modi’s government is working to ensure that tax payers don’t need to submit multiple returns and have quicker options of ...

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Google, Facebook and Twitter race to hold Washington at bay

epa06052510 Pedestrian walk past by the Google office in St Pancras in London, Britain, 27 June 2017. The European Commission on 27 June 2017 would fine the Google with 2.4 billion euros for abusing its dominance as a search engine. The company has 90 days to stop its illegal activities or face fines.  EPA/FACUNDO ARRIZABALAGA

Bloomberg Google summoned about 200 policy staff from around the world last month for a debate on whether the company’s size has made it too attractive as a target for government regulators. The two-day retreat in Monterey, California, where employees from the $682 billion company plied Washington policy experts with ...

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Puerto Rico’s $74 billion burden left it helpless when Maria hit

epa06240882 A handout photo made available by the US Customs and Border Protection (CBP) on 02 October 2017 shows homes laying in ruin as seen from a US Customs and Border Protection, Air and Marine Operations, Black Hawk during a flyover of Puerto Rico, 23 September 2017, after Hurricane Maria. The Federal Emergency Management Agency and other US state and federal agencies are helping those affected by Hurricane Maria in Puerto Rico. US President Donald J. Trump is expected to visit the storm-wracked Caribbean island on 03 October 2017.  EPA-EFE/US CUSTOMS AND BORDER PROTECTION/ KRIS GROGAN  HANDOUT  HANDOUT EDITORIAL USE ONLY/NO SALES

Bloomberg Year after year, as Puerto Rico’s government drew ever closer to ruin, it cut hundreds of millions of dollars from roads, schools and other public works. It neglected the electricity system, leaving it dilapidated and prone to prolonged outages. The water utility, which was leaking untreated sewage, put a ...

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Fresh-food IPOs highlight healthy eating demand

epa04327503 Ukrainian women buys fresh fruit and vegetables at the central market in downtown Donetsk, Ukraine, 23 July 2014. Donetsk, which is controlled by separatist forces, has become the capital of 'Donetsk People's Republic' (DNR). A 'People's Council' now rules there and the surrounding region,  EPA/ROBERT GHEMENT

Bloomberg Two European companies in the burgeoning business of fresh food are planning initial public offerings, underlining consumers’ quest for healthier diets as demand for packaged and processed foods wanes. HelloFresh SE, an unprofitable meal-kit startup controlled by Rocket Internet SE, plans to sell as much as $353 million of ...

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Dubai Culture’s new book to boost Islamic culture, art economy

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Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, has on Monday launched its ‘Global Perspectives on the Islamic Creative Economy’ book, featuring interviews that present the opinions of experts from local and international experts about how to consolidate ...

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MoF unveils ‘eCloud’ for financial, HR systems of federal entities

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DUBAI / WAM The Ministry of Finance (MoF), launched its new eCloud service technology for the financial and human resources (HR), systems of federal entities, in collaboration with the Federal Authority of Human Resources (FAHR), and Oracle International, during its participation in GITEX Technology Week 2017. The new technology will ...

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