The issue of price rise rocked the Parliament for the fourth day on Friday with an angry Opposition seeking to censure the government in both the Houses.The deadlock remained unresolved as an united Opposition remained adamant on a discussion on price rise under rules which entail voting, despite Lok Sabha Speaker Meira Kumar rejecting notices of adjournment motion on the issue.Virtually no business was transacted during the entire week.
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
Reliance Jio has accused old operators, including Bharti Airtel and Vodafone Idea, of "illegally" masquerading wire-line numbers as mobile numbers for "undue enrichment".
Led by Congress leader Rahul Gandhi, the Opposition members in the Lok Sabha demanded sacking of Union minister Ajay Mishra from the government in connection with the Lakhimpur Kheri violence.
The Income Tax Department on Wednesday raided the homes and offices of Bollywood actor Taapsee Pannu and filmmaker Anurag Kashyap as well as his partners who launched the now shuttered production house Phantom Films, officials said.
While the crackdown is a major step in combating tax evasion and improving transparency, it might also impact the flexibility and genuine corporate structures created to achieve legitimate objectives, says Suresh Surana.
First, Mamata's pampering of lawless elements masquerading as Trinamool Congress cadres. Second, her promotion of her nephew, Abhishek Banerjee, as a possible successor and the adoption of Prashant Kishor as her political adviser. Neither has gone down well with either her followers or the public, observes Amulya Ganguli.
Thursday was the penultimate day of the Budget Session of Parliament. The second half of the session which began on March 5 has been a washout with no legislative business being transacted due to stalling of proceedings by the opposition.
Unless security is given paramount importance, it is difficult for real estate activity to pick momentum in J&K.
Safety standards are thrown to the wind as government urges consumers to use mobile wallets at petrol pumps, Shine Jacob & Karan Choudhury/Business Standard report from New Delhi.
The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.
Fifty-nine per cent of reserved tickets on Indian Railways are now booked online.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Alternatively, the government may go in for a five-day session to blunt criticism that it was running away from debates.
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
The court also said there was nothing wrong if a no-confidence motion is passed against the Tuki government, which faced a rebellion, in the state assembly when the deputy speaker was in charge of the House proceedings after removal of the speaker.
The Supreme Court Monday stayed the ongoing proceedings before the Delhi high court in the case related to the amalgamation of Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, B R Gavai and Hrishikesh Roy posted the matter for hearing on May 4 and directed that all pleadings be completed in the matter. Amazon had moved the apex court on April 8 challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.
Many industry executives have said the draft e-commerce policy is being perceived as nationalistic but not overly protectionist and it is providing preference to Indian players against foreign companies. This might have an impact on investment by large players such as Walmart and Amazon in the country, said the executives. They said e-commerce was a very small portion of the retail industry and at a nascent stage and did not require heavy hammer regulations. Though the policy talks about being equally applicable to foreign and domestic players, it mentions that foreign direct investment (FDI) takes precedence over the e-commerce policy in any area of overlap.
A host of issues ranging from demand for President's rule in Uttar Pradesh over "deteriorating" law and order to the plight of ethnic Tamils in Sri Lanka rocked Parliament on Tuesday.
Addressing the annual Vijayadashmi rally at Reshimbagh ground in Nagpur, Bhagwat made a pitch for a review and reformulation of the National Population Policy keeping the next 50 years in mind.
Parliament on Monday witnessed uproar over FDI issue with Opposition members shouting slogans during Question Hour leading to adjournment of both Houses till noon.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
The searches are also being conducted at the premises of the son of RJD MP P C Gupta and few other businessmen.
How can you access the bank account of an incapacitated person?
The proceedings of Lok Sabha and Rajya Sabha were adjourned for the day on Tuesday amid continuous protests by opposition members over the Pegasus snooping row and farm laws, as they demanded that discussions be taken up on the issues in the House.
Anguished over disruptions in Parliament on the issue of FDI in retail, Jammu and Kashmir Chief Minister Omar Abdullah on Monday said the time has come for "no work, no pay" for MPs if minimum hours of business were not transacted .
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
400 MPs of the ruling National Democratic Alliance would give up Rs 3.66 crore -- their salary for 23 days of the ongoing budget session that has been a virtual washout due to protests by the opposition.
As the political turmoil lingered on with the ruling coalition making frenetic efforts to win back rebels who have pushed it to the brink of collapse, assembly Speaker K R Ramesh Kumar on Monday announced the confidence motion sought to be moved by Kumaraswamy would be taken up at 11 am on July 18.
Demand among several pre-Budget representation by BSE Brokers' forum
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
In a letter to the Prime Minister, the Women of Big Bazaar SOS group said: "Future Retail and Reliance had entered into an arrangement through which Future's retail stores will continue to be operated by Reliance. Reliance has also committed to clear all debts and dues owed by Future Retail to suppliers and vendors."
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously Sebi and the RBI with carve-outs for IRDAI or possibly PFRDA. But this could change soon with the International Financial Services Centres Authority, observes Subhomoy Bhattacharjee.
The Supreme Court had ruled in Vodafone's favour in 2012.
The defence ministry has put on hold all existing and future deals with Rolls Royce pending a CBI probe ordered into allegations of bribery and engaging middlemen in contracts worth Rs 10,000 crore for supply of aircraft engines to state-owned HAL.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
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