Ordinance to Amend Kerala’s GST Law on Gambling Signed by Governor

The Kerala Governor Arif Mohammed Khan has signed an ordinance amending the state GST law on gambling, online gaming and horse racing. The ordinance was promulgated by the state government after the 50th Goods and Service Tax (GST) Council meeting had fixed 28 per cent GST on gambling at casinos, horse racing and online gaming […]

RBI Updates Definition of Politically-Exposed Persons for KYC Norms

The Reserve Bank of India (RBI) has revised the definition of politically-exposed persons (PEPs) for the purpose of Know Your Customer (KYC) norms. The new definition is based on the recommendations of the Financial Action Task Force (FATF), an inter-governmental body that sets standards for combating money laundering and terrorist financing. Who are PEPs? According […]

COAI Advocates for OTT Players to Contribute to Network Costs

The Cellular Operators Association of India (COAI), the industry body representing telecom operators, has urged the government to create a regulatory framework that would require over-the-top (OTT) players to share the network costs of telecom firms. OTT players are those who provide online services such as messaging, video streaming, gaming, etc. over the internet without […]

A New Era of Energy Cooperation: India and Nepal Inaugurate Transmission Lines

In a landmark agreement that marks a new era in the energy sector of South Asia, Nepal and India have formalized a significant power trade agreement. Under this accord, Nepal will export 10,000 megawatts (MW) of hydroelectricity to India over the next decade. This agreement not only underscores the strengthening ties between the two neighboring […]

Adidas’s First Asia GCC Finds a Home in Tamil Nadu, Not China

Adidas, the global sportswear giant, has chosen Tamil Nadu as the location for its first Global Capability Center (GCC) in Asia. The GCC, which will be operational by mid-2024, will provide digital and technology services to Adidas’s global operations. Why Tamil Nadu? According to Adidas, Tamil Nadu was selected for its talent pool, infrastructure, business […]