News for 'Customs department'

ISRO succeeds in placing PSLV's 4th stage rocket in lower orbit

ISRO succeeds in placing PSLV's 4th stage rocket in lower orbit

Rediff.com30 Jul 2023

While the mission is a follow-up to the PSLV-C55 TeLEOS-2 mission launched in April this year, scientists in Sunday's mission will place the fourth stage of the PSLV rocket in a lower orbit.

Citing National Security, India Bans Chinese Cos

Citing National Security, India Bans Chinese Cos

Rediff.com8 Jun 2023

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.

India imposes 20% export duty on non-Basmati rice

India imposes 20% export duty on non-Basmati rice

Rediff.com8 Sep 2022

The government on Thursday imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season. According to a notification by the revenue department, an export duty of 20 per cent has been imposed on 'rice in husk (paddy or rough)' and 'husked (brown) rice'. The Central Board of Indirect Taxes & Customs further said the export of 'semi-milled or wholly-milled rice, whether or not polished or glazed(other than Parboiled rice and Basmati rice)' will also attract a customs duty of 20 per cent.

Rajasthan, Andhra, Assam oppose same-sex marriage: Centre tells SC

Rajasthan, Andhra, Assam oppose same-sex marriage: Centre tells SC

Rediff.com10 May 2023

The Centre had, in an affidavit filed in the apex court earlier, said it had issued a letter on April 18 to all states inviting comments and views on the "seminal issue" raised in these petitions.

Govt gets 5.59 lakh public grievances so far this yr

Govt gets 5.59 lakh public grievances so far this yr

Rediff.com12 Jul 2022

The Centre received 5.59 lakh public grievances against various government departments in the first half of this year, with the Department of Financial Services (DFS) getting most of such complaints, according to an official report.

Indian iPhone users may get to use 5G services from next week

Indian iPhone users may get to use 5G services from next week

Rediff.com3 Nov 2022

The users of 5G-enabled Apple iPhones will be able to try 5G telecom services - wherever available publicly in the country - from next week, both on standalone (Reliance Jio) and non-standalone networks (Bharti Airtel). Airtel and Jio customers who download the iOS 16 Beta software update as part of its 'Apple Beta Software Program' can try the service and send their feedback to the company. The final updated software will become available sometime in December.

How gold is being imported under the guise of platinum

How gold is being imported under the guise of platinum

Rediff.com13 Sep 2022

Thanks to an ambiguous law on the import of platinum alloys, some bullion importers are making big profits. A handful of them are importing refined gold cloaked as platinum alloy. Gold attracts 15 per cent import duty, as opposed to platinum alloy that invites a duty of 10.75 per cent. Industry sources say this is a case of mis-declaration and duty violation.

Modi Trapped In World Of Complex Relationships

Modi Trapped In World Of Complex Relationships

Rediff.com22 Mar 2023

The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.

'Indian manufacturers are making good-quality EVs'

'Indian manufacturers are making good-quality EVs'

Rediff.com29 Jul 2023

'I'm very much against petrol and diesel....'' 'I travel in an electric car.' 'I have had a really good experience with it.'

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Rediff.com10 Aug 2022

The staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said. The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.

Kerala gold smuggling case knocks at CM's office door

Kerala gold smuggling case knocks at CM's office door

Rediff.com7 Jul 2020

Kerala IT Secretary M Sivasankar was removed as Secretary to Chief Minister Pinarayi Vijayan on Tuesday, in the backdrop of the gold smuggling controversy, where the role of a former woman employee of the IT department is being probed.

I-T dept may make PAN mandatory for crypto investors

I-T dept may make PAN mandatory for crypto investors

Rediff.com10 Aug 2022

The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. At present, disclosure of crypto holdings and related gains is voluntary. If tax authorities go ahead with the PAN mandate, crypto exchanges will have to furnish a statement of financial transactions (SFT) before the income-tax department.

Twitter sacks India staff; marketing and sales, engineering teams let go

Twitter sacks India staff; marketing and sales, engineering teams let go

Rediff.com4 Nov 2022

Twitter has started laying off employees in India as part of a global job cut ordered by the social media platform's new owner Elon Musk to attain economies of scale and make the USD 44 billion acquisition viable.

'Govt equity in Vodafone Idea hinges on stock recovery'

'Govt equity in Vodafone Idea hinges on stock recovery'

Rediff.com31 Oct 2022

The conversion of interest into equity stake for the government in Vodafone Idea (Vi) will be decided after the telecommunications (telecom) company's stock price stabilises above Rs 10, India's largest mobile tower installation company Indus Towers has said in its second-quarter report. The board of Vi had, in January, approved the conversion of Rs 16,130 crore worth of interest on adjusted gross revenue dues into equity for the government. This will give the government around 33 per cent stake in Vi.

IRCTC moves to monetise passenger data

IRCTC moves to monetise passenger data

Rediff.com26 Aug 2022

In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.

Want Health Insurance? Read This

Want Health Insurance? Read This

Rediff.com8 Jan 2022

Make sure that the waiting period on pre-existing diseases does not exceed two years. Avoid policies that come with room rent and ICU capping, suggests Sanjay Kumar Singh.

How Jio plans to auction spectrum required by NGSO

How Jio plans to auction spectrum required by NGSO

Rediff.com14 Jun 2023

Reliance Jio has suggested an alternative plan to the The Telecom Regulatory Authority of India (Trai) under which spectrum required by non-geostationary orbit satellite (NGSO) operators to run their gateway terminals should be auctioned geographically, based on districts, rather than circles as done for mobile services. For spectrum which would be required to connect user terminals (like individual homes), Jio has suggested it should be auctioned frequency-wise and exclusively to an operator at a pan-India level. The move is significant as the auctioning of satellite space spectrum has been vehemently opposed by low earth orbit satellite operators (satellites which circle at low altitudes of 200-2000 km).

Nirma's new clothes: The journey of detergent brand towards healthcare

Nirma's new clothes: The journey of detergent brand towards healthcare

Rediff.com12 Oct 2023

Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.

Parl panel head bats for keeping tribals out of UCC ambit

Parl panel head bats for keeping tribals out of UCC ambit

Rediff.com3 Jul 2023

Uniform Civil Code is aimed at replacing personal laws based on religions, customs, and traditions with one common law for everyone irrespective of religion, caste, creed, sexual orientation, and gender. Personal laws and laws related to inheritance, adoption and succession are likely to be covered by a common code.

Share of NRIs, overseas investors in mutual fund assets declining

Share of NRIs, overseas investors in mutual fund assets declining

Rediff.com13 Apr 2023

The share of non-resident Indians (NRIs) and overseas investors in Indian mutual funds has been declining over time, despite adding half-a-trillion rupees to holdings over the last five years. Mutual fund holdings for the segment went up from Rs 0.95 trillion as of December 2018 to Rs 1.54 trillion as of December 2022, shows Business Standard analysis of data from the industry body Association of Mutual Funds in India (Amfi). Their share in overall mutual fund assets has fallen from 4.2 per cent to 3.9 per cent during the same period.

Jaipur set for Jaiswal, Du Plessis show as RR take on RCB

Jaipur set for Jaiswal, Du Plessis show as RR take on RCB

Rediff.com13 May 2023

Both Jaiswal and du Plessis, the leading run-getters in IPL 2023 so far, are in scintillating form. While du Plessis is leading the scoring charts with 576 runs from 11 innings, including six half centuries and a best of 84, Jaiswal is a close second with 575 runs from 12 matches, which includes four fifties and a 124-run knock.

Will sub-par monsoon dent market sentiment?

Will sub-par monsoon dent market sentiment?

Rediff.com22 Apr 2023

While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.

Cyber-fraud cases will become 'alarmingly frequent': Airtel

Cyber-fraud cases will become 'alarmingly frequent': Airtel

Rediff.com27 Oct 2021

Telecom operator Bharti Airtel's CEO has warned customers about rising cases of cyber-frauds, citing a recent instance of a fraudster who posed as company executive and under the guise of updating KYC form, tricked a user into revealing bank details to transfer large amount from the bank account. In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming "alarmingly frequent". Vittal spoke of a recent case where a cyber-fraudster posing as company executive called up an Airtel customer on the pretext of updating his Know Your Customer (KYC) form, tricked him into revealing his bank details and transferred a large sum of money from his bank account.

Hackers attack ICMR website around 6,000 times in a day

Hackers attack ICMR website around 6,000 times in a day

Rediff.com6 Dec 2022

The attempted attack on the ICMR website was prevented by the firewall/security measures of NIC, they said, adding further steps are being taken to enhance cyber security.

India's EV dreams spin on how to charge -- car and customer

India's EV dreams spin on how to charge -- car and customer

Rediff.com31 Mar 2018

The government has initiated a process to define standards and guidelines for electric charging stations.

Data will dictate history, says Modi

Data will dictate history, says Modi

Rediff.com16 Nov 2021

Prime Minister Narendra Modi on Tuesday said data is information and it will dictate history in the future as he exhorted for strong and scientific audits to make systems strong and transparent. Speaking at the Audit Diwas event of the Comptroller and Auditor General of India (CAG), he said in the past information was transmitted in form of stories.

Countdown begins for launch of earth observation satellite: ISRO

Countdown begins for launch of earth observation satellite: ISRO

Rediff.com6 Nov 2020

EOS-01 is an earth observation satellite intended for applications in agriculture, forestry and disaster management support, ISRO has said.

HCL Tech bucks trend, PAT up 16.7%, but CEO departs

HCL Tech bucks trend, PAT up 16.7%, but CEO departs

Rediff.com21 Oct 2016

IT services firm HCL Technologies on Friday reported a 16.7 per cent increase in net profit at Rs 2,014 crore for the quarter ended September 2016.

'AI is going to be used as a weapon by the bad guys'

'AI is going to be used as a weapon by the bad guys'

Rediff.com17 Oct 2022

'This is a race where every technology can be used by the bad guys and good guys.'

Govt close to finalising e-commerce policy: DPIIT secy Rajesh Kumar Singh

Govt close to finalising e-commerce policy: DPIIT secy Rajesh Kumar Singh

Rediff.com12 May 2023

The government is at a "fairly advanced stage" of finalising a well-coordinated e-commerce policy and consumer protection rules, which will incorporate provisions of Open Network for Digital Commerce (ONDC), Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. "E-commerce rules and e-commerce policy will be congruent with each other... That exercise is at a fairly advanced stage," Singh told reporters. The remarks come on a day the number of daily transactions on the platform has gone up 500 times since the beginning of this year with the number of retail merchants added to its roster growing 40-fold.

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

Tax raids in UP on 'Samajwadi' perfume maker

Tax raids in UP on 'Samajwadi' perfume maker

Rediff.com31 Dec 2021

The Samajwadi Party (SP) said through a post on its official Twitter handle that the premises of its MLC Pushpraj alias Pampi Jain in Kannauj, Uttar Pradesh, have been raided.

Bank customers can use post-office ATMs soon

Bank customers can use post-office ATMs soon

Rediff.com4 Mar 2016

The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.

Banks should pass on the rate benefit to customers: Shaktikanta Das

Banks should pass on the rate benefit to customers: Shaktikanta Das

Rediff.com5 Aug 2019

Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.

SpiceJet bomb hoax: Man wanted friends to stay longer with lovers

SpiceJet bomb hoax: Man wanted friends to stay longer with lovers

Rediff.com13 Jan 2023

The accused made the call so that his childhood friends could spend more time with their girlfriends, who were going to Pune, at the Delhi airport, the police said.

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

Rediff.com31 Mar 2023

The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.

Pay tax promptly, punctually: HC raps South star Vijay

Pay tax promptly, punctually: HC raps South star Vijay

Rediff.com14 Jul 2021

Supposed to be one of the top-paid stars in Tamil cinema, actor Vijay is known for his big-ticket hits and commands good box-office opening.

Bangladesh visit: PM uses new VVIP aircraft for 1st time

Bangladesh visit: PM uses new VVIP aircraft for 1st time

Rediff.com26 Mar 2021

Prime Minister Narendra Modi on Friday went from Delhi to Dhaka on a new custom-made VVIP aircraft, using it for the first time on a foreign journey.

Farmer takes on cybercriminal, recovers lakhs lost in fraud

Farmer takes on cybercriminal, recovers lakhs lost in fraud

Rediff.com19 Feb 2023

Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.

Indians found dead on US-Canada border believed to be from Gujarat

Indians found dead on US-Canada border believed to be from Gujarat

Rediff.com2 Apr 2023

Canadian police have named two of the eight people, including four Indians, whose bodies were found in a marshland area along the United States-Canada border, amid an investigation into the circumstances of their deaths.