Bloomberg India’s government clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits. Foreign investors in India don’t need to pay tax on past gains on investments in the equity market, Finance Secretary Hasmukh Adhia said in an interview with Bloomberg in New Delhi. India’s S&P BSE ...

Bloomberg India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them. “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told lawmakers in ...

Bloomberg South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant. Beginning with a trial of 1,100 public housing properties, 5 kilowatt solar panels and 13.5 kilowatt-hour Tesla Powerwall 2 batteries will be installed free of charge and financed ...