The Monopolies and Restrictive Trade Practices Commission on Friday issued a notice of inquiry to HDFC Bank for not preventing direct selling agents from making false promises to its credit card customers.
Commerce and Industry Minister Suresh Prabhu is slated to meet senior executives of Apple on the sidelines of the World Economic Forum in Davos later this month.
Instead of speculating on the IPL's title sponsorship, Kings XI Punjab co-owner Ness Wadia says the focus must be on ensuring that not a single COVID-19 case is reported during the event, which according to him, is set to be the "best ever".
'Almost 70 per cent production time of a vaccine is dedicated to quality control, which is done through several hundred tests.'
In a move to boost export of automobiles from India, the government has announced additional incentives on overseas shipments of cars and good carriers to 13 countries, including Australia and Brazil.
India on Thursday extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to insulate them from protectionism induced by recession abroad. Unveiling the five-year policy, Commerce Minister Anand Sharma set a target of $200 billion worth exports for next fiscal, a feat that India failed to achieve in 2008-09 due to a slump in global demand in the face of financial crisis.
As a setback to exporters, shipments of 1,100 items will be entitled to lower tax refunds from October 1 when curtains draw on the popular DEPB scheme, government announced on Friday.
A concession has been made in allowing players to train after six days as long as they remain inside the team bubble.
Sports Minister Kiren Rijiju is hoping India would be abe to organise sporting events in a phased manner by September-October, saying it will help in boosting the confidence of people amid the COVID-19 pandemic. The Sports Ministry had resumed training camps of some Olympics disciplines in the last week of May and Rijiju said events will also gradually start in the near future.
The move to extend the income tax benefits enjoyed by units covered by the Software Technology Parks of India Act and those set up in export oriented units by another year -- up to March 31, 2011 will benefit around 6,000 STPI units and 2,486 EoUs. In its budget-related wish list, the commerce ministry had recommended a three-year extension of the scheme, while the industry has been asking for five.
A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.
More than a dozen schemes have been announced since the new government took over, with Naxal-dominated Jangalmahal finding a special place.
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