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Kuwait, which borders Saudi Arabia and Iraq, is home to seven percent of the world's crude reserves. It has little debt and one of the strongest sovereign wealth funds worldwide. However, it suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, which maintains a strong grip over political life, despite a parliamentary system in place since 1962.
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In absolute terms, the daily wages have been raised in the 7-26 range, according to a notification by the rural development ministry. The increase assumes significance, as the MGNREGS rates serve as the benchmark for rural wages and influence the rise in industrial wages as well.
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This resulted in taxing the transportation of export cargo by the Indian transporters / freight forwarders, liable to Integrated GST (IGST). This created a lot of buzz amongst the exporters as well as the Indian transporters /freight forwarders. Consequently, owing to the hardships faced, various associations and trade bodies filed representations before the Government against such withdrawal of GST exemption.
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Iyer who is also UK's Deputy Trade Commissioner for South Asia spoke in detail to PTI on Friday about the trade and investments between the UK and India and said there was potential to double the business by 2030. He was in the state to take part in various official engagements, including a meeting with Kerala Chief Minister Pinarayi Vijayan, and also in connection with the port of call made by the British Royal Navy's frigate ship, HMS Lancaster, at Kochi.
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Buybacks are crucial for shareholders. If done correctly, a buyback minimizes overall equity capital, increasing others' stake in the company. But if the buyback is not done at the right price, it does not become value accretive for the shareholders and benefits only those who exited from the company.
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