If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
The company has already put in place this digital register in Jaipur in Rajasthan and pilot projects are running in Haryana and Telangana
An overarching law governing public healthcare is a glaring gap in India's fight against the COVID-19 pandemic. In India it is left to individuals to quarantine themselves voluntarily. Moreover, the 123-year old The Epidemic Diseases Act, 1897, governs healthcare emergencies in India.
The ICMR has already approved a bunch of rapid test kits for launch. The health ministry admitted that clusters of COVID-19 had appeared in many states and the risk of further spread remains very high.
The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.
The Bangalore centre will allow IBM consultants to develop and deploy solutions in over 50 key business areas such as Consumer Driven Supply Chain Optimisation, Banking Risk and Compliance and Retail Merchandising.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
It was amusing to hear Minister Jaishankar's argument of tech companies being influential non-State actors. If only he looked at his own party before saying what he did, notes Shyam G Menon.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
The prime minister said that India has invited Germany to take advantage of opportunities in defence production in the defence corridors in Uttar Pradesh and Tamil Nadu.
The placement on to grey list could hurt Pakistan's economy as well as its international standing.
Dividend distribution tax in FY20 would only be applicable after deducting Rs 70 received from the foreign subsidiary, meaning 20.56 per cent DDT would be paid only on Rs 30.
The Bundesliga season will restart on May 16 after a suspension of more than two months, the German Football League (DFL) said on Thursday, becoming the first European league to resume amid the coronavirus pandemic. The DFL said the season would restart under the terms of a strict health protocol that bans fans from the stadium, with six games on Saturday, including the high-profile Ruhr valley derby between Borussia Dortmund and Schalke 04.
Sun Pharma expects synergy benefits by next fiscal.
The study has been conducted by Ernst & Young on behalf of EEPC-India, the apex body of engineering goods exporters.
Only Bong Joon Ho -- whose film Parasite won the Oscars for Best Film, Best Director, Best International Feature -- knows how to work with a heavy hand and still get respectable results, says Ranjita Ganesan.
Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.
The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
Executive lounges with happy hours, complimentary hors d'oeuvres, and complimentary services have been the norm - but not anymore.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
Announcing the window for the 24-team championship, which includes India as hosts, Tournament Director Javier Cepii told a media conference in Mumbai that the D Y Patil Sports Academy in Navi Mumbai is among the four centres, which has been given provisional approval to host matches in the 23-day event.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
India cannot afford to adopt any coercive measures against the military even if it disapproves the military takeover, notes Dr Rajaram Panda.
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
Many of the jobs will now be offshored to lower income countries such as India, China and Poland
The government has already notified 28 accounting standards for Indian corporates and would assess more standards for notification, an official release said. "The government would examine further accounting standards to be followed by companies, on the basis of the standards proposed by ICAI, subject to the recommendations of NACAS thereon, for notification in accordance with the procedure laid down under the Companies Act, 1956," it said.
The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
Without disclosing reasons, ICRA informed the stock exchanges on Thursday, 'The board, after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Takkar with immediate effect.'
The leaked files relate to accounts holding more than $100 billion, as per ICIJ.
Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Sebi on Friday ordered freezing all corporate benefits arising out of their stake in the company.
Trading in agri commodities on Saturdays to be reviewed later; more changes likely in the coming months to align with global pattern.
'All the vaccines that are available in most countries, right now, are all highly effective and safe.'
Teamcenter would look to provide end-to-end management of the medical devices industry's product lifecycle. It would enable companies to fully trace all activities from concept to retirement by automatically linking compliance requirements with engineering and specification data, it said.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
