India notifies rules to protect green energy investments

NEW DELHI: In an attempt to soothe investor concerns amid a logjam over power supply contracts with Punjab, Gujarat and Andhra Pradesh, the union government has notified rules for ensuring “timely recovery of costs due to change in law.” “The... Read more

Coronavirus lockdown | IT industry pushes to recast labour, tax rules for work-from-home model: Report

The information technology (IT) industry has approached the central government ministries to flesh out changes to taxation and labour laws in line with the work-from-home (WFH) model. While the coronavirus pandemic forced offices to migrate to WFH, many are expected... Read more

Industry in a bind over local job rules

Hiring plans of companies for their manufacturing plants located in three southern states are hit by proposed regulations that would require them to favour locals over migrants, multiple industry executives said. The Sri City Special Economic Zone, along the Tamil Nadu-Andhra Pradesh border,... Read more

Auto industry woes continue as annual sales decline 13% in January; SIAM rules out PV fire sale

India’s automobile industry’s woes from 2019 has continued in to 2020. The automakers reported a 13 percent sales decline in January year-on-year. All major vehicle segments reported a slump in sales, the latest data from the industry body has showed.... Read more

Bank of England’s Carney calls for UK-EU deal on bank rules after Brexit

Bank of England Governor Mark Carney called on Friday for Britain and the European Union to reach a sweeping deal to recognize each others’ bank rules after Brexit, or risk a potentially damaging hit to financial services across Europe. Speaking... Read more

10 Rules for Better Managing Client Expectations

Rome wasn’t built in a day. To establish credibility and create trust, it’s important to communicate timelines effectively. That’s why we asked 10 entrepreneurs from Young Entrepreneur Council (YEC) the following question: “What’s one rule for better managing client expectations... Read more

What You Must Know About New Overtime Rules: 9 Point Checklist

What You Must Know About New Overtime Rules; 9 Point Checklist On May 18, the U.S. Department of Labor (DOL) announced final updates to the Fair Labor Standards Act’s “white collar” overtime exemptions. The new overtime rules (known as the “final... Read more

New Drone Rules Take Effect, Wix Uses AI to Design Websites, More

Drones and artificial intelligence are among a handful of exciting tech trends that have consumers excited. But they can also have a big impact on small businesses, as evidenced by some of the top business headlines this week. Read on... Read more

New Tax Expensing and Depreciation Rules

When you acquire an asset for your business that is expected to last for more than a year, you usually have to capitalize the cost. This means you put the asset on your balance sheet and then write off the... Read more

IRS Reporting Rules on Sales of Tractors, Trailers, Trucks Draw Fire

The Internal Revenue Service has proposed rules that would update a more than 30-year-old definition of “highway vehicle” as it relates to excise taxes imposed on the sale of highway tractors, trailers, trucks and tires and the use of heavy... Read more