News for 'Customs Department'

3mn doses of Sputnik V from Russia land in Hyderabad

3mn doses of Sputnik V from Russia land in Hyderabad

Rediff.com1 Jun 2021

Dr Reddy's Laboratories is in a pact with Russian Direct Investment Fund to sell the first 125 million people doses (250 million vials) of Sputnik V in India.

5 things you should not hide from the Income Tax Department

5 things you should not hide from the Income Tax Department

Rediff.com30 Jun 2015

Because they can easily find them out by analysing your financial transactions.

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Rediff.com16 Nov 2023

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.

Avoid Mistakes In Health Insurance Claim

Avoid Mistakes In Health Insurance Claim

Rediff.com12 Dec 2023

Policy owners need to avoid errors on their part to prevent claims from being denied.

Telecom industry wants govt to junk USOF, slash duties

Telecom industry wants govt to junk USOF, slash duties

Rediff.com27 Jan 2024

Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.

CBIC Goes Soft On GST Investigations

CBIC Goes Soft On GST Investigations

Rediff.com23 Apr 2024

The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.

India's Sea Vigil mega exercise to cover 7516 km of coastline

India's Sea Vigil mega exercise to cover 7516 km of coastline

Rediff.com14 Nov 2022

India will kickstart on Tuesday a two-day multi-agency military exercise covering the country's 7,516 km-long coastline and exclusive economic zone with the twin aim of checking the preparedness of various agencies to deal with any eventualities and bolster overall maritime security, officials said.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Heatwave sears north India, UP's Orai bakes at 46.4 deg C

Heatwave sears north India, UP's Orai bakes at 46.4 deg C

Rediff.com19 Jun 2024

The threshold for a heat wave is met when the maximum temperature of a weather station reaches at least 40 degrees Celsius in the plains, 37 degrees in coastal areas, and 30 degrees in hilly regions, and the departure from normal is at least 4.5 notches.

Tesla begins formal talks with govt

Tesla begins formal talks with govt

Rediff.com19 Apr 2024

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Rediff.com24 Jul 2024

Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

RBI plans radical overhaul of customer protection norms

RBI plans radical overhaul of customer protection norms

Rediff.com20 May 2014

The framework governing customer protection should consist of fairness and transparency of rule.

Saurabh Netravalkar And The H-1B Dream

Saurabh Netravalkar And The H-1B Dream

Rediff.com11 Jul 2024

The US needs to understand that it could potentially lose out on attracting several Netravalkars in the future if it curbs the influx of such industrious Indian immigrants, argues Vishal Menon.

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

Report says fake bank apps may have stolen thousands of customers' data

Report says fake bank apps may have stolen thousands of customers' data

Rediff.com24 Oct 2018

While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.

Amid Raj drama, Gehlot's brother summoned by ED

Amid Raj drama, Gehlot's brother summoned by ED

Rediff.com28 Jul 2020

Agrasain Gehlot has been asked to depose before the investigating officer on Wednesday in Delhi under the Prevention of Money Laundering Act, they said.

'Money lending has become prudent and conservative'

'Money lending has become prudent and conservative'

Rediff.com2 Feb 2024

'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'

Bridges Collapse In America Too!

Bridges Collapse In America Too!

Rediff.com26 Mar 2024

Early on March 26, 2024, the Francis Scott Key Bridge in Baltimore, Maryland, in the United States collapsed after it was struck by a container ship, the Dali.

Budget: Customs duty cuts planned

Budget: Customs duty cuts planned

Rediff.com9 Apr 2004

Protests Hit Retail Ahead of Durga Puja

Protests Hit Retail Ahead of Durga Puja

Rediff.com7 Sep 2024

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.

SC lowers Clemenceau's anchor

SC lowers Clemenceau's anchor

Rediff.com16 Jan 2006

A bench comprising Justice Arijit Pasayat and Justice S H Kapadia has asked the Customs Department to file an affidavit in this regard.

The Lives PSU Bankers Lead

The Lives PSU Bankers Lead

Rediff.com15 Jul 2024

A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.

Rooftop solar charges up electric vehicle boom in India's smaller cities

Rooftop solar charges up electric vehicle boom in India's smaller cities

Rediff.com12 Feb 2024

The push given to rooftop solar installation in the Interim Budget ties in with its high rate of adoption in Tier-II and -III cities of India. If original equipment manufacturers (OEMs) in the automobile industry, government, and the solar sector are to be believed, in cities of Rajasthan, Gujarat, and Kerala, 45-50 per cent of electric-vehicle (EV) users are employing rooftop power to charge their vehicles. This is compared to the national average of 25 per cent, say industry sources.

'We Want Chinese Style Growth'

'We Want Chinese Style Growth'

Rediff.com1 Aug 2024

'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'

FBI announces $250,000 bounty for arrest of Indian wanted in wife's murder

FBI announces $250,000 bounty for arrest of Indian wanted in wife's murder

Rediff.com13 Apr 2024

Patel is on the FBI's list of 'Ten Most Wanted Fugitives' and the federal agency announced a reward of up to $250,000 for information leading to his arrest.

How banks GOOF UP with their customers' accounts

How banks GOOF UP with their customers' accounts

Rediff.com1 Oct 2012

A peek into how the marketing and sales departments of banks goof up with their customers' bank accounts

Pay $1m in Bitcoin or will blow up Mumbai's T2, warns email

Pay $1m in Bitcoin or will blow up Mumbai's T2, warns email

Rediff.com24 Nov 2023

The Mumbai international airport has received an email threatening to blow up its Terminal 2, with the sender demanding one million dollars in Bitcoin to prevent the blast, the police said on Friday.

Govt seeks to allay concern over 'retaliatory' duty cut on US apples

Govt seeks to allay concern over 'retaliatory' duty cut on US apples

Rediff.com20 Sep 2023

India's recent move to remove additional 'retaliatory' duty on eight products from the United States (US), including apples and walnuts, would not have any negative impact on the domestic producers, the government clarified, even as the issue threatened to snowball into a political slugfest between the ruling and Opposition parties. The move would, in fact, result in competition in the premium market segment, ensuring better quality at better prices for consumers, especially for apples, a senior government official said. "There were certain concerns that were being raised on the mutually agreed solution that has come in, more specific to seven-eight agriculture products where we had levied additional import duties in retaliation to the steel and aluminum measures (imposed by the US)," Peeyush Kumar, additional secretary in the commerce department, told reporters in a briefing.

Ship That Crashed Into Bridge Had Indian Crew

Ship That Crashed Into Bridge Had Indian Crew

Rediff.com27 Mar 2024

'Personnel onboard the ship were able to alert the Maryland department of transportation that they had lost control of their vessel. As a result, local authorities were able to close the bridge to traffic before the bridge was struck, which undoubtedly saved lives,' Biden said.

NIA to probe Kerala gold smuggling case

NIA to probe Kerala gold smuggling case

Rediff.com10 Jul 2020

The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.

Paytm Payments Bank fiasco: Independent directors raised concerns

Paytm Payments Bank fiasco: Independent directors raised concerns

Rediff.com18 Feb 2024

At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.

UCC Can Wait, Personal Law Reforms Can't

UCC Can Wait, Personal Law Reforms Can't

Rediff.com8 Aug 2024

Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.

Cola, beverage, ice cream makers expect surge in sales as temp soars

Cola, beverage, ice cream makers expect surge in sales as temp soars

Rediff.com11 Apr 2024

With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period.

Stranded in Russia for 2 days, Air India flyers finally reach US

Stranded in Russia for 2 days, Air India flyers finally reach US

Rediff.com8 Jun 2023

Flight AI173 from Delhi was diverted to Magadan in Russia on Tuesday owing to an engine glitch, the Tata Group-owned private carrier said in a statement.

Ringing Bells refunds money to customers, to take cash on delivery

Ringing Bells refunds money to customers, to take cash on delivery

Rediff.com29 Feb 2016

The delivery of Freedom251 smartphones is expected to start in April after which the company will start the second round of bookings.

PM-led panel to meet on Mar 14 to appoint two new ECs

PM-led panel to meet on Mar 14 to appoint two new ECs

Rediff.com11 Mar 2024

Two vacancies of election commissioners came about following the resignation of Arun Goel on Friday and Anup Chandra Pandey's retirement on February 14.

PM-led panel may appoint 2 election commissioners by Mar 15

PM-led panel may appoint 2 election commissioners by Mar 15

Rediff.com10 Mar 2024

Sources said the selection committee could meet either on March 13 or 14 depending on the convenience of the members and the appointments are likely to be made by March 15.

Gujarat CID grills 20 'dunki' flight passengers sent back by France

Gujarat CID grills 20 'dunki' flight passengers sent back by France

Rediff.com30 Dec 2023

According to a senior state Crime Investigation Department official, those passengers included at least 60 from Gujarat, who have already reached their respective native places in the state.