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OBU UNIT
Non-residents to get full income tax exemption on profits from OTC derivative contracts traded in IFSC due to this rule changeNo income tax: Incomes arising out of non-resident's income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax unde...- Govt collected Rs 1.44 lakh crore toll at highway plazas under public-private partnership since 2000In a written reply to a question in the Lok Sabha, road transport and highways minister Nitin Gadkari said all user fee plazas on National ...
- Satellite-based toll system to have phased launch, begin with trucks and bussesThe government will introduce a new toll collection system based on the Global Navigation Satellite System next week. Vehicles will have on...
- Highway tolls to use satellite-based technology soon; Here's how it works and other details?India is set to introduce a new satellite-based toll collection system, a global first. Using GNSS and GPS, this system charges vehicles ba...
- Highway toll mopup rises 35% to 5-year high of ₹64,810 croreYear-wise, toll collection stood at ₹25,154.76 crore in 2018-19, ₹27,637.64 crore in 2019-20, ₹27,923.80 crore in 2020-21, ₹33,907.72 crore...
- Budget 2022: Government continues its campaign to promote GIFT IFSCBudget 2022 proposals continue to further incentivise business and investments in GIFT, taking it a step closer to becoming a destination t...
- Standard Chartered Bank starts operations at IFSC GIFT CityA slew of Indian lenders have operations at the IFSC, which helps them operate like a foreign unit, even though located within the geograph...
- Bosch can offer innovative transport & energy solutions for smart cities: Dhiraj WaliWali talks about the wide range of areas, from transport to energy solutions, in which Bosch can contribute to fulfil India's smart cities ...
- Finance ministry tax vexes Mumbai international financial hub planWithdrawal of tax breaks would virtually put paid to the long-pending ambition to develop Mumbai as an international financial hub.
- Bank of Baroda gets nod for Bahrain branchBahrain has granted a license to Bank of Baroda (BOB) to establish a wholesale branch in the Gulf country.
- ICICI gets full commercial licence in BahrainICICI Bank has been granted a full commercial branch (FCB) licence by the Central Bank of Bahrain (CBB), the second Indian bank after State...
- E-toll plazas soonEven as the world moves towards a barrier-free road transport system, India is gearing up to increase the average distance covered by vehic...
- Banks to set up OBUs in Gujarat SEZsGujarat’s special economic zones (SEZs) would become hubs for offshore banking units (OBUs).
- BOB to open OBU in Singapore on Sept 19Bank of Baroda will open an Offshore Banking Unit (OBU) in Singapore on September 19 and said talks are in advanced stage for floating a li...
- Banks can now go international without overseas branchesThe time has arrived for banks to go international in their financial dealings, without the need to set up foreign branches. The Reserve Ba...
- RBI notification on allowing OBUs in SEZs soonIn a significant concession, the government is considering allowing any bank in India to set up branches in Special Economic Zones as overs...
- Overseas banking units gain currencyTHESE are exciting times for banks. Operating from local soil, they can extend the benefits of international finance to Corporate India wit...
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