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The finance ministry is evaluating a proposal from the petroleum ministry to include natural gas under the Goods and Services Tax (GST) as part of tax structure reforms. Additionally, there are considerations regarding the repeal of the windfall tax on oil and gas companies, prompted by declining oil prices. An official decision is anticipated soon.
Masayoshi Son, the founder of SoftBank Group, is set to meet Indian Prime Minister Narendra Modi on Wednesday. Prior to this, he met Mukesh Ambani, chairman of Reliance Industries, to discuss potential artificial intelligence opportunities in India.
Arunachal Pradesh is set to become India's hydropower hub with projects worth Rs 1 lakh crore in the pipeline. The Union Cabinet has approved two projects totaling 426 MW, with an immediate goal of operationalizing 12,500 MW in the next two years, spearheaded by central public sector undertakings. Five projects are expected to commence next year, followed by three each in 2026 and 2027.
Indian stock benchmarks surged on Monday following a decisive victory for Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance in Maharashtra, the country’s wealthiest state. This political success has fueled optimism in the markets, reflecting investor confidence in the ruling party's economic policies.
Gautam Adani, a prominent Indian businessman and ally of Prime Minister Narendra Modi, has been charged by US prosecutors in a $250 million bribery scheme. While Modi's party claims the issue is private and Adani's company denies the allegations, the case poses a significant risk to US-India diplomatic relations.
US prosecutors face significant legal and diplomatic challenges in their efforts to imprison billionaire Gautam Adani, accused of orchestrating over $250 million in bribes to Indian officials and defrauding US investors. To bring Adani to a Brooklyn courtroom, the US may need to initiate a lengthy extradition process, with uncertain outcomes.
The BJP's decisive victory in Maharashtra's Assembly polls is set to bolster its national influence, allowing the party to navigate parliamentary challenges with greater confidence. As the Winter session approaches, this electoral success provides a stronger political foundation for addressing issues like the ongoing Adani affair, despite the legal complexities involved.
Gautam Adani and executives from Adani Group face U.S. federal charges for a massive bribery scheme involving $265 million in bribes to Indian officials to secure energy contracts. The allegations have led to significant market repercussions, including steep declines in Adani's stock and bond values, raising concerns about foreign investment in India. The SEC has labeled the actions a "massive bribery scheme," while Adani Group denies the allegations, asserting its commitment to governance and compliance.
Prime Minister Narendra Modi faces intensified scrutiny over his ties to Gautam Adani, a billionaire recently charged by US prosecutors for involvement in a significant bribery scheme. Opposition leaders in India are questioning the relationship between Modi and Adani, whose business interests have flourished alongside Modi's decade-long tenure.
The US Justice Department has charged Gautam Adani and several associates with a scheme involving over $250 million in bribes to Indian officials, linked to a problematic 2020 power contract with the Solar Energy Corporation of India. The allegations threaten Adani's $169 billion empire and present a significant challenge for Prime Minister Narendra Modi, while the conglomerate has denied the claims, asserting compliance with all laws and intent to pursue legal recourse.
Narendra Modi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
finance ministry considers natural gas gst inclusion and windfall tax repeal
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