Exemption

Boeing is withdrawing a request for a safety exemption for a new MAX series jet that would have allowed U.S. regulators to speed up its approval, a decision that comes as the plane maker faces heightened scrutiny. Boeing is withdrawing a request for a safety exemption for a new MAX series jet that would have allowed U.S. regulators to speed up its approval, a decision that comes as the plane maker faces heightened scrutiny. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno…

Experts have raised concerns about the consent architecture and exemptions provided to certain intermediaries on the processing of children’s data in the Digital Personal Data Protection (DPDP) Act. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Gruhas, Collective Artists Network’s new fund■ IT firms eye greater AI push this year■ CoinDCX lures customers with bonus offerFurore over data act leeway to some companies on use of kid’s data Security experts have raised concerns about the definition…

The Nigerian Investment Promotion Commission (NIPC) said it granted three years of tax exemption to 34 companies in 2023. The Head of Incentives Administration of the NIPC, Lovina Kayode, told journalists in Abuja that the exemption was to promote the company’s investment drive towards developing the nation’s economy. “This tax exemption known as Pioneer Status Incentives (PSI) is executed under the Investors Relations Department of the NIPC and allows a company three years of not paying Corporate Income Tax,”…

The Karnataka government plans to bring technology companies under the purview of labour regulations from May 2024, ending the concession the sector has enjoyed for several years. There are about 1.2 million men and 600,000 women working in the 8,785 information technology and biotechnology companies, according to the official data. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitMITMIT Technology…

An Audi electric SUV -- Switzerland has scrapped an exemption on a car import duty for electric cars. Switzerland on Wednesday scrapped a tax exemption for imports of electric cars, whose growing presence on Swiss roads has cut into tax revenues. The federal government said in a statement that…

Denver intends to push back a final deadline determining which developments are exempt from new regulations enacted last year, a move that will give breathing room to hundreds of projects in the planning stages. Currently, projects seeking to be grandfathered in from the “Expanding Housing Affordability” ordinance must have their site-development plan approved by the city by Aug. 31, just over five months from now. But the Hancock administration is now asking the City Council to effectively push back that date by a year.…

South Korea's SK Hynix Inc will ask the United States for a year's further exemption from chip curbs against China, the chief executive of the world's No. 2 maker of memory chips said. The company will seek the exemption after the current grace period ends in October, Chief Executive Park Jung-ho told reporters at the annual general meeting of shareholders in South Korea. "Talks between the Korea and the US governments should go well," he said. "From our end, we will also buy time and adjust our management plan. We will…

The saga of getting the EU’s proposed ban on sales of new combustion cars by 2035 continues, and more details are in limbo than ever. Following Germany’s abrupt opposition to the ban ahead of its final vote (a mere formality) last week, the EU Commission has declared plans to include a role for e-fuels in the future with hopes it will be enough to regain Germany’s blessing. Here’s the latest. The executive arm of the EU appears to be willing to play ball with Germany – a massive automotive…

The Central government said that to further provide impetus to green mobility, customs duty exemption is being extended to the import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles -- a move hailed by the EV industry players.Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.In May 2021, the government unveiled the…

The UK is to become crypto hub: Government is enforcing an exemption Tax on foreign Crypto purchases Tax on Foreign Crypto Purchases: Foreign Investors purchasing cryptocurrencies in the UK must be happy as the government is enforcing a tax exemption for foreign investors buying crypto through local investment managers or brokers starting January 1st. The tax break, announced in December, is a part of Prime Minister Rishi Sunak’s plans to turn the U.K. into a crypto hub. The UK and Cryptocurrencies “This exemption is an…