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Govt proposes 90pc cut in withholding tax on overseas card transactions

Aurangzeb says lower tax rate will help discourage informal fund transfers and strengthen formal channels Budget 2026-27: Internet shoppers rejoice as govt proposes 90% cut in withholding tax on overseas card transactions In a move aimed at promoting the documentation of the economy through formal financial channels, the government on Friday proposed a 90 per cent … Read more

Canada introduces legislation to ban social media for children under 16, regulate AI chatbots

Bill also aims to make AI chatbots safer by setting up a digital regulator to establish safety standards The changes amend India’s 2021 IT rules, which have already been a flashpoint between Prime Minister Narendra Modi’s government and global technology companies. PHOTO: PIXABAY  The Canadian government introduced a digital safety bill on Wednesday that would ban social … Read more