Monday, September 14
India's tax authorities are investigating whether Jane Street violated tax laws by booking profits via its Singapore entities on its derivative trades in the Indian market, three sources briefed on the matter said. Searches at the U.S. trading firm's India offices by the income tax department have been underway since last week, sources have said. A government source who was briefed on the matter later said that Jane Street staff were not cooperating. The tax authorities' enquiries follow a temporary ban by the Securities and Exchange Board of India (SEBI), the market regulator, which publicly alleged that the firm manipulated stock indexes through its derivatives positions. Jane Street has denied the SEBI allegations, but has not made any public comments so far on the tax investigation.
Amid persisting concerns over youth unemployment, government data shows that out of more than 1.6 crore candidates trained under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) since 2015, only 24.3 lakh have secured job placements, accounting for less than 15% of the total trained youth, as per The Times of India.In a written reply to the Lok Sabha, Skill Development and Entrepreneurship Minister Jayant Chaudhary said placement tracking was undertaken during the first three phases of PMKVY, between 2015 and 2022. However, the latest phase of the programme, PMKVY 4.0, is designed to support more diversified career outcomes beyond direct job placements.“PMKVY 4.0 is oriented towards empowering the candidates to pursue diverse career paths through a multi-pronged approach, including suppor
