The Directorate General of GST Intelligence (DGGI) has granted partial relief to Infosys in the closure of a Rs 3,898 crore FY18 GST tax case. This decision marks the end of a lengthy investigation into the company’s tax liabilities, providing a resolution for Infosys in this matter. The partial relief granted by DGGI signifies a significant development for Infosys and their financial obligations related to this case.
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Trump’s invitation to Xi for inauguration could signal a ‘grace period’ before China faces tariffs
President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration next month, potentially indicating a delay in imposing tariffs on Beijing as Trump begins his second term. This move, as suggested by advisory firm Signum Global, could signal a more diplomatic approach towards China under the new administration. The invitation reflects a possible shift in U.S.-China relations, hinting at a desire for dialogue and negotiation rather than immediate punitive measures. Full Article
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