News for 'customs act'

Space tech firms urge PM to expedite approvals, fine tune rules

Space tech firms urge PM to expedite approvals, fine tune rules

Rediff.com12 Oct 2021

Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).

Cool prospects for consumer durable firms as temperature set to soar

Cool prospects for consumer durable firms as temperature set to soar

Rediff.com4 Mar 2021

IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.

The Saffronisation of Corporate India

The Saffronisation of Corporate India

Rediff.com6 Mar 2020

'All these incidents go to show that the day of the anodyne, apolitical corporation is running out fast,' says Kanika Datta.

TAX GURU: 'Can NRIs open PPF accounts?'

TAX GURU: 'Can NRIs open PPF accounts?'

Rediff.com4 Apr 2022

Anil Rego, CEO, Right Horizons, answers your personal income tax queries.

Aditya Puri's dream for HDFC Bank: Indian Alibaba

Aditya Puri's dream for HDFC Bank: Indian Alibaba

Rediff.com9 Jul 2019

Tamal Bandyopadhyay details HDFC Bank's digital journey.

DBS retains Lakshmi Vilas Bank's name, logo

DBS retains Lakshmi Vilas Bank's name, logo

Rediff.com8 Dec 2020

According to experts, 'Lakshmi' and the logo 'Godesses Lakshmi' have a lot of value in India and are the biggest driver for the Bank. Retaining the Lakshmi name and logo will help DBS.

5 CRITICAL skills for IT professionals

5 CRITICAL skills for IT professionals

Rediff.com12 Apr 2021

A candidate with good communication skills, critical thinking and problem solving abilities will have a higher chance of being hired.

Now, you have the right to say no to service charge at restaurants

Now, you have the right to say no to service charge at restaurants

Rediff.com21 Apr 2017

The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action

Action against veg and non-veg food carts, claim Gujarat civic officials

Action against veg and non-veg food carts, claim Gujarat civic officials

Rediff.com16 Nov 2021

After a controversy arose over some civic bodies' plans to act against handcarts selling non-veg foods on main thoroughfares, Chief Minister Bhupendra Patel on Monday had said the state government has no problem with people's food choices.

Bounced cheque: Company need not be accused

Bounced cheque: Company need not be accused

Rediff.com27 Jul 2015

Bombay High Court view opposed to this was wrong.

Google Pay says all transactions 'fully protected'

Google Pay says all transactions 'fully protected'

Rediff.com24 Jun 2020

Earlier this month, RBI told the Delhi high court that Google Pay is a third party app provider and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007.

India's tax pie gets altered because of pandemic

India's tax pie gets altered because of pandemic

Rediff.com4 Jan 2021

India's tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020. In an interview with PTI, finance secretary Ajay Bhushan Pandey said in a pandemic like this where the economy has been impacted, any large scale changes impact direct taxes more severely, whereas indirect tax collection is mostly proportional to business turnover and compliance.

What is the future of e-pharmacies in India?

What is the future of e-pharmacies in India?

Rediff.com19 Dec 2019

PharmEasy, 1mg and Netmeds believe that their disruptive capabilities will power their brands despite the recent court ruling. The Drug Controller General of India recently directed all state FDAs to stop the online sale of medicines as per a Delhi high court order of last year.

What will Churchill Alemao do next?

What will Churchill Alemao do next?

Rediff.com5 Jan 2022

Ahead of the 2022 assembly elections, Churchill Alemao 'merged' the NCP with the TMC. The 'merger' took place when Mamata Banerjee was in Mumbai talking to NCP supreme leader Sharad Pawar on how to forge Opposition unity!

2nd year running, brands take a backseat for Ganeshotsav amid curbs

2nd year running, brands take a backseat for Ganeshotsav amid curbs

Rediff.com14 Sep 2021

It is Mumbai's favourite festival and is celebrated each year with fervour and frenzy. But when the city welcomes "Ganpati Bappa" this Friday, the celebrations will be low key. With a cap on the size of idols, ban on processions and restrictions on devotees visiting pandals, celebrations are toned down for the second year in a row. Festival budgets have shrunk and as a result, corporate sponsorships have dried out.

ASK TAX GURU: 'Is PPF the best low-risk investment option?'

ASK TAX GURU: 'Is PPF the best low-risk investment option?'

Rediff.com6 Apr 2022

Anil Rego, CEO, Right Horizons, answers your personal income tax queries.

'People have realised Modi's capacity to deliver the goods is exhausted'

'People have realised Modi's capacity to deliver the goods is exhausted'

Rediff.com27 Jan 2022

'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'

Insurance cover for bank deposits hiked to Rs 5 lakh

Insurance cover for bank deposits hiked to Rs 5 lakh

Rediff.com1 Feb 2020

The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.

'Breach of employee accounts will not have any effect on Wipro's financials'

'Breach of employee accounts will not have any effect on Wipro's financials'

Rediff.com16 Apr 2019

Cybersecurity blog KrebsOnSecurity had said Wipro's systems had been breached and were being used to launch attacks against some of its clients.

'Wearing a hat makes your look feel more complete'

'Wearing a hat makes your look feel more complete'

Rediff.com20 Apr 2021

Designer Namrata Lodha has been winning hearts with her sustainable hats.

8 things you must know about motor insurance

8 things you must know about motor insurance

Rediff.com20 Feb 2020

Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.

Will Govt BAN Cryptos?

Will Govt BAN Cryptos?

Rediff.com14 Jul 2021

As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.

Pandemic brings windfall for e-pharma companies

Pandemic brings windfall for e-pharma companies

Rediff.com27 Aug 2020

The online pharmacy market, which was worth about $512 million in 2018, is growing at a CAGR of 63 per cent and is expected to hit overall revenues of over $3.6 billion by 2022.

Unlock 3.0: Private offices, shrines, malls open in Karnataka

Unlock 3.0: Private offices, shrines, malls open in Karnataka

Rediff.com5 Jul 2021

With the Karnataka government further easing restrictions under 'Unlock 3.0' effective from Monday, life seems to have returned to normalcy as shops, restaurants, malls, private offices and religious places began their operations in full swing.

SRK's son among 8 arrested by NCB during cruise raid, sent to custody

SRK's son among 8 arrested by NCB during cruise raid, sent to custody

Rediff.com4 Oct 2021

Besides Aryan Khan, the arrested accused are identified as Munmun Dhamecha, Arbaaz Merchant, Ismeet Singh, Mohak Jaswal, Gomit Chopra, Nupur Sarika, and Vikrant Chhokar.

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.

Bihar Aquaponics Farm Blazes A Trail

Bihar Aquaponics Farm Blazes A Trail

Rediff.com16 Jul 2022

'Aquaponics can effectively cushion the impact of a calamity like COVID.'

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Rediff.com11 Aug 2021

Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.

ED seizes Rs 103 cr assets in 'bike bot' ponzi scheme

ED seizes Rs 103 cr assets in 'bike bot' ponzi scheme

Rediff.com20 Jul 2020

Twenty-six immovable properties worth Rs 101.45 crore, and bank balance totalling Rs 2.28 crore in 22 accounts have been attached provisionally under the Prevention of Money Laundering Act (PMLA) by the Lucknow zonal office of the agency, they said. The Greater Noida-headquartered Bike Bot taxi service is accused of scamming about Rs 3,000-Rs 4,000 crore from 2.25 lakh investors in multiple states including Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.

Finally! An Indian Coming-Of-Age Movie For Grownups

Finally! An Indian Coming-Of-Age Movie For Grownups

Rediff.com30 Jul 2022

Dear Friend is for those who idealised Dil Chahta Hai all out of proportion, and then warmed up to the premise that friendship could be a lot more complicated, and transient, observes Sreehari Nair.

RBI plans to speed up cheque clearance. Here's how

RBI plans to speed up cheque clearance. Here's how

Rediff.com6 Feb 2020

The cheque truncation system, which is currently operational at the major clearing houses of the country, has stabilised well and it has made large efficiency gains: RBI

Despite slew of records, problems still plague MGNREGA

Despite slew of records, problems still plague MGNREGA

Rediff.com25 Apr 2021

MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.

Traders' body seeks to ban Amazon's e-com biz in India

Traders' body seeks to ban Amazon's e-com biz in India

Rediff.com18 Feb 2021

Traders' body CAIT on Thursday urged the government to impose a ban on Amazon's e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control. Addressing a press conference, CAIT secretary-general Praveen Khandelwal demanded an "immediate ban on Amazon's portal and its operations in India" and an investigation against the company in a time-bound manner. He also urged the government to probe the business practices of Amazon and Flipkart. However, responding to the allegations, both Amazon and Flipkart said they remain compliant with Indian laws.

Budget Won't Ensure Economic Recovery

Budget Won't Ensure Economic Recovery

Rediff.com24 Feb 2022

By any economic theory or doctrine, this is no Budget that supports economic recovery, whether through supporting aggregate demand, or through expansionary stimulus, declares Rathin Roy.

What A380's failure can teach the shipping industry

What A380's failure can teach the shipping industry

Rediff.com8 Nov 2021

As a model of transport, the A380 strikes a parallel -- a shared fragility -- with giant container ships, observes Shyam G Menon.

How jewellery business has changed post GST

How jewellery business has changed post GST

Rediff.com3 Oct 2017

Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.

US court sentences Indian to 3 years in jail for call centre fraud

US court sentences Indian to 3 years in jail for call centre fraud

Rediff.com18 Mar 2021

An Indian national from Gurgaon has been sentenced to three years in federal imprisonment on charges of call centre fraud that intended to cheat Americans of millions of dollars, a US attorney said.

Flyers beware! You may be under airport security scanner

Flyers beware! You may be under airport security scanner

Rediff.com19 Sep 2019

The need to use behavioral techniques for spotting terrorism acts was felt after such an exercise had helped customs officials recover cash and drugs.

Yes Bank fraud: ED arrests 2 former Cox and Kings executives

Yes Bank fraud: ED arrests 2 former Cox and Kings executives

Rediff.com6 Oct 2020

The Enforcement Directorate (ED) on Tuesday arrested the former CFO and internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act

Hijab row: 'Don't become pawns of politicians'

Hijab row: 'Don't become pawns of politicians'

Rediff.com15 Feb 2022

'All parties are engaging in polarisation to strengthen their political vote banks, which is very unfortunate because these are young, impressionable, students.' 'These students are our future.' 'What kind of a society are we banking upon if we are planting such poisonous seeds into their minds?'