The deposit has been made on account of the rate reductions approved by the GST Council in its November. The rate was reduced on items including shampoo, detergents, chocolates, beauty products, sanitary ware, leather clothing, cookers, stoves, after-shave, deodorant, detergent and washing power. Companies found it difficult to pass on the benefits to consumers immediately at the time of GST rate reduction owing to logistical issues.
The apex consumer court on Monday issued notice to Nestle India Limited on a Rs 640-crore or Rs 6.40 billion suit against it by the Centre.
'The service charge is given to the employees as a part of their salary. Now, employees have been calling to negotiate their salaries to balance the loss that they will face personally. In which case, we won't be able to retain some of them.'
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Each dept could handle a designated area.
Recommends delisting of chana futures, open to lowering sugar import duty
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
Studies have shown that milk is the most common form of adulteration in India
Onions had the highest inflation rate among all major commodities.
The complaint is against Nestle's 'unfair trade practices'.
The maximum death toll has been reported from Idukki district, where 43 people have lost their lives so far, as per official estimates. 28 deaths were reported in Malappuram and 27 in Thrissur.
Compliance costs and legal scrutiny could rise.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
Punishing brand ambassadors shows that the government is only interested in going after the low hanging fruit, says Tanmaya Nanda.
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