Leading stock exchanges BSE and NSE have put out comprehensive guidelines for handling technical glitches at members' end in order to prevent disruptions. Under the new framework, members will have to pay Rs 20,000 per day in case of failure to report the incident to the exchanges within the required timeline, BSE and NSE said in separate circulars. The guidelines outline technology infrastructure and system requirements that a member should put in place to prevent any incident of business disruption resulting from technical glitches.
Rivals say the concessions would benefit AirAsia alone.
Intel, which recently announced over 10,000 job cuts worldwide, on Thursday said impact of the layoff decision was "relatively minimal" on its workforce in India, where the world's largest computer chip-maker plans to set up a manufacturing facility.
Batting for the Reserve Bank of India and the finance ministry, the Planning Commission on Friday said concessions to special economic zones should be at par with those provided to infrastructure projects.\n\n
"First dose (of Covishield) and then, after 12 weeks, the second dose. There is absolutely no change. Covaxin also has a two-dose schedule. First dose and then second dose after 4-6 weeks. This schedule is being followed to take our vaccination schedule forward and no confusion must be created on this," he said.
The revenue foregone due to tax incentives in 2009-10 is estimated at Rs 5,40,269 crore.
Axar is the second player after Kolkata Knight Riders batsman Nitish Rana to test positive for the virus.
The CEOs and owners, most of whom are yet to reach UAE, are also allowed in the bio-bubble but any SOP violation will send them into a seven-day quarantine.
The Indian cricketers on Thursday cleared their first round of RT-PCR COVID-19 tests and will be undergoing two more rounds before they can start training from February 2 for the upcoming Test series against England.
Apple sought exemption from mandatory local sourcing of components for its products
The reopening of the places of worship coincided with the Diwali 'Padwa', which is an important festival in the state.
The government must create a National Technology Acquisition Fund to increase technology infusion in micro, small and medium enterprises.
They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners.
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
Starting July 1, private hospitals in the country will no longer be allowed to directly procure COVID-19 vaccines from manufacturers and have to place orders on the Centre's CoWIN portal.
Petroleum Minister Murli Deora is seeking to give a big push to domestic oil and gas hunt through a slew of fiscal incentives including infrastructure status to exploration and production business and exemption from service tax.
The study suggested tax rebates for high-end technology companies that set up research and development centres in India.
Bihar Police ADG wrote a letter to the Mumbai municipal commissioner, seeking the IPS officer's exemption from quarantine protocols and facilitate his return to Patna to resume his duty.
The registration of residential properties in Mumbai fell 42 per cent in April to 10,136 units as compared with the previous month, as fresh demand was affected due to the second wave of the COVID-19 pandemic and expiry of the reduced stamp duty period, according to Knight Frank India. The fall would have been steeper as over 90 per cent of the registrations were of the properties on which the stamp duties were already paid by the homebuyers before April 1 in order to avail lower stamp duties. From September 2020 to March 2021, the Maharashtra government reduced the stamp duty by 2-3 per cent to boost housing demand amid the pandemic.
India pulled out of the Women's World Team Squash Championship scheduled to be held in Kuala Lumpur, Malaysia from December 15 to 20 due to "lack of preparation time" and "uncertainties" about travelling amid the COVID-19 pandemic.
Forced out of India due to the rising COVID-19 case count in the country, the IPL will allow unlimited COVID-19 replacements considering the delicate health safety situation across the globe.
Addressing a press conference a day after the CBI raid against him, Sisodia expressed apprehension that the agency or the Enforcement Directorate (ED) may arrest him in the next 3-4 days, while Chief Minister Kejriwal, who has been aggressively taking on the Bharatiya Janata Party in Modi's home state, announced on Twitter that he will be touring Gujarat with Sisodia from Monday.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
Kings XI Punjab co-owner Ness Wadia on Friday advocated daily testing of players during the IPL and predicted that the upcoming 13th edition of the T20 league in the UAE will be the most watched in the tournament's history.
The government announced several incentives in the five-year Foreign Trade Policy.
The Congress fielded Channi from two seats -- Chamkaur Sahib in Rupnagar and Bhadaur in Barnala, a move which showed how much the Congress was banking on him. He lost both, and the party received a drubbing from the AAP.
Union Budget 2009-10 has been mildly positive for the power sector.
Extension of 2% interest subvention for textile sector will reduce the interest burden on the P&L of textile companies this fiscal.
Hike import duty on finished products; Rationalize excise Duty on Molasses to 8% ad valorem or Rs. 375/PMT and on Naphtha to 8%, cut corporate tax to 25%, service tax to 5%.
Only Cement is assessed to retail selling price based excise duty but denied abatement; also seeks imposition of import duty due to emerging surplus supply situation in India
Seeks removal of commodity transaction tax, which was never notified amidst strong protests, reduction in securities transaction tax to cut transaction cost and boost volumes.
Banks have sought relaxation in norms for classifying loans to delayed infrastructure projects as sub-standard assets even as the Reserve Bank of India has indicated its unwillingness to ease the group exposure ceiling.
The interim Budget in May this year had extended the depreciation benefit on purchase of new commercial vehicles to September from March 2009. Industry executives said this should be extended as sales of large vehicles slumped 40 per cent in April and May this year. Sales of medium and heavy commercial vehicles had dipped 33 per cent in 2008-2009.
