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TN places order for 128,499 gold rings for babies born in govt hospitals

The Tamil Nadu government has issued work orders for nearly 1.28 lakh gold rings, costing approximately Rs 220 crore, to two jewellery retail chains under the ‘Maternal uncle gold ring scheme’ for newborns, a poll promise made by TVK, an official said on Saturday. Over one lakh gold rings are required to implement the scheme…

FPIs, trading companies tap Sebi, centre for tax breather

Investors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gains taxes. With the Reserve Bank of India’s stringent leverage rules potentially pushing trading activities offshore, there’s a risk of reduced government revenues and diminished market liquidity. Authorities are considering these issues in light of…