LOTTERIES REGULATION RULES
Budget may impose higher tax on F&O income by treating derivatives like lottery: Report
The government is reportedly planning to impose a higher income tax on F&O, treating it similarly to income from lotteries or cryptocurrencies in the upcoming Budget. This move aims to address concerns about retail traders losing substantial amounts in the derivatives market. Proposed changes include reclassifying F&O transactions from 'business income' to 'speculative income' and potentially introducing a TDS.
Future Gaming, biggest poll bond buyer, & others made government junk plan to amend lottery rules
Proposed amendments to the Lotteries Regulation Act, 1998, by the Union home ministry were obstructed by resistance from influential players like Santiago Martin's Future Gaming, a substantial purchaser of electoral bonds according to Election Commission data.
View: Lifting veil on corporate political donations via poll bonds throws troubling questions
Electoral bonds data revealed major donors' name, raising concerns about the relationship between money and politics ahead of the upcoming Lok Sabha elections. The disclosure of anonymous electoral bonds sheds light on hidden transactions and highlights the need for transparency in democratic processes.
Decoding US' rule allowing STEM students on OPT to work for startups
The process of STEM OPT extensions is relatively straightforward, but the rules for working for startups can be perplexing. Under the STEM OPT program, employers must pay their employees a base salary equal to or greater than those paid to other similarly employed US workers. This salary requirement protects both the US workers and the STEM OPT students.
Enough foot dragging; roll the dice & get gaming industry regulated
For all of Islam’s strictures against gambling, the UAE, in September, announced its intentions to establish the General Commercial Gaming Regulatory Authority to build and oversee the regulatory framework for national lottery and commercial gaming in the Emirates.
Proposed tightening of H-1B rules could narrow its scope: Nasscom
Nasscom expressed concerns about the tightening of the definition and requirements for "specialty occupations," which could make it difficult for companies to hire skilled workers in STEM fields. While Nasscom welcomed some changes in the proposed rule, it will be submitting detailed comments to address its concerns.
- Go To Page 1
USCIS inches forward towards H-1B reforms, including tackling misuse
The US Citizenship and Immigration Services (USCIS) has submitted a proposed regulation to the Office of Management and Budget (OMB) for review, marking the first step in the process of modernizing the H-1B visa program. The proposed rule aims to amend various aspects of the program, including the definition of employer-employee relationship, site visit requirements, and anti-fraud measures.
New remittance rules put wealthy Indians in a fix
The new rule restrains them from keeping money beyond six months in offshore bank accounts. The rule requires them to 'invest' the unused money remitted from India in foreign securities, mutual funds, properties and other permitted assets.
Byju’s lenders seek $200 million loan prepayment; government notifies online gaming rules
Edtech major Byju's lenders have sought up to $200 million in prepayment along with a higher interest rate to restructure its $1.2 billion term loan B (TLB).
New gaming rules notified; industry heaps praise but conditions apply
The new framework that creates a distinction between online games and those allowing betting and wagering has drawn praise from industry members
SC notice to Kerala on plea challenging power of state government to regulate lotteries from other states
The division bench had set aside a single judge's judgement restraining the Kerala government from interfering with the marketing and sale of lottery tickets of the Nagaland government in the State.
NRI Helpdesk: Can I start my own business if I'm an H-1B visa holder?
For our NRI readers, we have started an immigration helpdesk. Write to us at [email protected] and our team of experts will address the most pressing issues.
Amazon’s India corruption probe; Facebook’s new public policy head
Amazon has begun an investigation into allegations of corruption by its legal representatives in India and has placed a senior member of the team on leave, The Morning Context reported earlier today.
H-1B visa seekers file lawsuit challenging lottery selection process
The petition has challenged the process saying that it violates the Administrative and Procedure Act and the Immigration and Nationality Act as the cap registration rules were created in excess of statutory authority.
Relief for Indian companies as Biden admin removes Trump era rule restricting H-1B applications
The IFR, published in October 2020, called to bring about changes in the definitions of ‘third-party worksite, employer-employee relationship and specialty occupation, all of which would have restricted the ability of services companies to place H-1B visa holders at client or third-party worksite, impacting Indian companies.
Biden has begun dismantling Trump's immigration rules. How long will H-1B holders need to wait to see results?
The Biden administration has already withdrawn the regulation that was not yet published: the USCIS regulation that redefined employer-employee relationship to a far stricter level than we have ever had before, and required end-clients to be actively involved in the H-1B process.
The math behind new H-1B wage rule, and what it means for techies
Taking another parting shot at the employment-based immigration affecting green cards, H-1B & other similar work visas, the Trump Department of Labor (DOL) has published a rule that raises the wages by approximately 30% across the board.
This year's H-1B lottery: The Trump legacy of chaos must end
Based upon Trump’s Executive Orders, USCIS has throughout the Trump administration turbocharged its assault on legal immigration; its plainly illegal efforts to overturn the laws. This specific effort, however, is clearly neither permitted by the laws, nor by the facts.
Foreign students will be the biggest losers in new H-1B selection process
This new selection process will have a devastating effect on foreign students as most qualifying foreign students are sponsored for Level 1, H-1B positions.
Biden admin delays implementation of Trump era H-1B rule, says lottery system to continue for now
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
New H-1B rule not valid, other changes on hold for 60 days
The modification, proposed by the previous administration under Donald Trump, was introduced last week seeking changes to the terms of employees placed at third-party locations and called for the end client to also be responsible for the employee.
IT services companies may have to pay more to employees placed at third-party locations in the US
The DHS said that the changes were needed to ‘strengthen the H-1B program and to more effectively ensure that only qualified petitioners are eligible to petition for H-1B workers’, in line with the Buy America Hire American order passed in 2017.
US modifies H-1B lottery to wage-based selection
The US Department of Homeland Security has published a final rule in the Federal Register to make changes to the H-1B visa process, a move that will impact how the visa lottery is carried out in March this year.
Trump administration proposes to scrap computerised lottery system to select H-1B visas
Quite a few H-1B visas are allotted to employees of India-centric IT companies and a wage level-based selection could significantly increase the cost of deploying software engineers on projects in the United States, the analysts said.
No plans to impose pan-India ban on lotteries: Nityanand Rai
The amount of service tax collected from lottery distributors and selling agents during the year 2016-17 was about Rs 260 crore.
Can GST's anti profiteering rule be deemed unconstitutional?
In a bid to give the anti profiteering rules under GST the necessary teeth, the government may have forgotten to give it a skeleton.
US lawmaker calls for abolishing H1B visa lottery system
Congressman Jim Sensenbrenner said the programme is in a "desperate" need of reform and it must be addressed with a serious, clear-eyed approach.
Modi government set to put lottery tickets in the 28% GST bracket
“The taxation has to be logical,” said Rahul Tangri, president, Playwin, an electronic lottery provider. “It would be very unfair if the government levies tax on the ‘face value’ .”
Legalising gambling a huge bet for Sikkim; lottery operators considering 'gaming shop' model
The government has signed a profit-sharing agreement, under which licence-holders would pay 10% of their profits, or Rs 5 crore.
Load More
