News for 'customs act'

'A stain on govt's reputation which will last forever'

'A stain on govt's reputation which will last forever'

Rediff.com6 Jul 2021

'Stan's death is the culmination of a series of acts of abominable cruelty on the part of the Indian State.'

Life is tough for India's gig workers

Life is tough for India's gig workers

Rediff.com13 Feb 2022

The recent protests by employees of Urban Company and the case of a a Zomato delivery executive who died in a road accident point to the severely straitened condition of gig workers during the ongoing Covid-19 pandemic. Budget 2021 had promised several measures to help the cause of gig economy workers, but most of them are yet to see the light of day. Even after a year, the country's gig workers continue to be without any social security cover or a minimum wage guarantee. "In Budget 2021, finance minister Nirmala Sitharaman had announced that the government is looking toward including migrant and gig workers for social security benefits," says Srinivas Kotni, managing partner, Lexport, a consulting firm. Parliament had passed the Code on Wages in 2019 and Code on Industrial Relations, Social Security and Occupational Safety, Health and Working Conditions in 2020.

Is India's 5G dream in trouble?

Is India's 5G dream in trouble?

Rediff.com21 Dec 2020

Nivedita Mookerji explains why a timely rollout of 5G may not be easy in India.

Govt brings all cooperative banks under RBI lens

Govt brings all cooperative banks under RBI lens

Rediff.com24 Jun 2020

The government on Wednesday said that all urban cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors and prevent repeat of PMC Bank like scams. The President of India will promulgate an ordinance to this effect, Information and Broadcasting Minister Prakash Javadekar told reporters after the meeting of the Union Cabinet.

What works for 'updated' Tata Tigor EV, and what doesn't

What works for 'updated' Tata Tigor EV, and what doesn't

Rediff.com13 Sep 2021

At a time when fuel prices across the country are going through the roof with no sign of it moderating, electric vehicles seem the likely choice for car buyers who are looking at saving fuel costs. And add to it the negligible maintenance of electric vehicles. Continuing with this revolution with their 2nd offering in the EV segment, Tata Motors now offers the 2021 Tigor EV to its customers. Tigor petrol with its style-back design has always been a stunner since its launch and it still is.

Why Indians Study Medicine In Ukraine

Why Indians Study Medicine In Ukraine

Rediff.com2 Mar 2022

'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'

India issues advisory against travel to Turkey

India issues advisory against travel to Turkey

Rediff.com24 Oct 2019

The advisory was issued by the Indian embassy in Ankara on Tuesday against the backdrop of strained India-Turkey relations and Turkey's offensive against Kurdish rebels in Syria.

Passenger vehicle sales up 28%, two-wheelers drop 35%

Passenger vehicle sales up 28%, two-wheelers drop 35%

Rediff.com8 Apr 2021

Automobile dealers' body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 279,745 units, as compared to the year-ago period which saw disruptions in the market due to COVID-19 led lockdown. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 217,879 units in March 2020. Two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020. Commercial vehicle sales also declined 42.2 per cent to 67,372 units, as against 116,559 units a year ago.

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Rediff.com21 Jan 2021

Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.

'Policybazaar IPO minted 70 millionaires, 350 crorepatis'

'Policybazaar IPO minted 70 millionaires, 350 crorepatis'

Rediff.com30 Nov 2021

'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'

HC seeks Centre's stand on same-sex marriage pleas

HC seeks Centre's stand on same-sex marriage pleas

Rediff.com14 Oct 2020

A bench of justices R S Endlaw and Asha Menon issued notice to the Centre and the Delhi government seeking their stand on the plea by two women seeking to get married under the SMA.

'Aviation ministry's role doesn't end with Air India'

'Aviation ministry's role doesn't end with Air India'

Rediff.com16 Feb 2022

'Government shouldn't be in the business of running airlines, instead it should develop the ecosystem of civil aviation.'

Another cheque for Mukesh's Reliance Retail

Another cheque for Mukesh's Reliance Retail

Rediff.com23 Sep 2020

Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.

CAA protests: Tourism may be hit badly

CAA protests: Tourism may be hit badly

Rediff.com23 Dec 2019

Foreign tourists are postponing their India holiday and there have been some cancellations as well, with trips to the North-East seeing the most adverse impact.

Ulips are attractive investment options

Ulips are attractive investment options

Rediff.com2 Jan 2020

'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'

Why Simplilearn founders picked a rewarding but risky game plan

Why Simplilearn founders picked a rewarding but risky game plan

Rediff.com29 Aug 2021

Why settle for $400-500 million when you can make a billion or even more? That, in a nutshell, is why Krishna Kumar, 43, and Kashyap Dalal, 40, co-founders of Bengaluru-based edtech firm Simplilearn, one of the big players in the segment, sold a 51 per cent stake to Blackstone instead of selling 100 per cent as close competitor and rival Great Learning chose to do.

IRS officer Pradeep Singh tops civil services exam

IRS officer Pradeep Singh tops civil services exam

Rediff.com4 Aug 2020

A total of 829 candidates have qualified for civil services, including the Indian Administrative Service and the Indian Police Service, the Union Public Service Commission announced

'Don't tip black people': Waitress gets racist message on bill in US

'Don't tip black people': Waitress gets racist message on bill in US

Rediff.com10 Jan 2017

The message was scrawled at the bottom of the bill at Anita's New Mexico Style Cafe in Ashburn, Virginia.

Dining out? Here's some great news for you

Dining out? Here's some great news for you

Rediff.com3 Jan 2017

A customer dissatisfied with his dining experience can have service charge on his food bill waived.

Hit by GST recovery notices and summons, industry calls for help

Hit by GST recovery notices and summons, industry calls for help

Rediff.com16 Sep 2021

With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.

EU Withdrawal Bill officially becomes law to make way for Brexit

EU Withdrawal Bill officially becomes law to make way for Brexit

Rediff.com26 Jun 2018

House of Commons Speaker John Bercow told MPs that the bill had received Royal Assent, which involves Queen Elizabeth II's final approval required to make it an Act of Parliament.

RBI levies Rs 7 cr penalty on SBI for non-compliance

RBI levies Rs 7 cr penalty on SBI for non-compliance

Rediff.com16 Jul 2019

The action is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said.

2021: How to organise your financial documents

2021: How to organise your financial documents

Rediff.com5 Jan 2021

The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.

'Parotas are not rotis, will attract 18% GST'

'Parotas are not rotis, will attract 18% GST'

Rediff.com12 Jun 2020

Bengaluru-based ID Fresh Foods had approached the Karnataka bench of the AAR on whether preparation of whole wheat parota and Malabar parota can be classified under Chapter 1905 attracting 5 per cent GST.

Road ahead for 'mock meat' is long but holds promise

Road ahead for 'mock meat' is long but holds promise

Rediff.com30 Jan 2022

India's plant-based meat market is estimated at $30-40 million, largely driven by consumer packaged food. The market size in India is likely to touch $500 million in three years.

Govt's plan to enter e-retail still in limbo

Govt's plan to enter e-retail still in limbo

Rediff.com15 Sep 2020

The background work of creating a suitable digital architecture of a website also remains unfinished as it has been a challenge to shortlist technology partners.

Maruti counters unfair trade practices charges

Maruti counters unfair trade practices charges

Rediff.com10 Oct 2014

Practice of opening bookings for cars prior to launch has been followed by several companies over many years in India.

Telcos face a big challenge to keep India Inc connected

Telcos face a big challenge to keep India Inc connected

Rediff.com25 Mar 2020

Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.

Oscars 2021: Amanda Seyfried walks the red carpet

Oscars 2021: Amanda Seyfried walks the red carpet

Rediff.com26 Apr 2021

The 93rd Annual Academy awards was held across two venues in Hollywood -- the Dolby Theatre and Union Station -- and saw a lot of glamour on the red carpet.

1 killed, 35 injured in grenade attack in Srinagar

1 killed, 35 injured in grenade attack in Srinagar

Rediff.com4 Nov 2019

The attack took place at 1:20 pm in Hari Singh High Street market area.

Modi must act fast on cleaning up the financial sector mess

Modi must act fast on cleaning up the financial sector mess

Rediff.com17 Nov 2014

The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.

1% TDS levy could make your ecommerce buys costlier

1% TDS levy could make your ecommerce buys costlier

Rediff.com3 Feb 2020

Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.

EC makes record seizures of Rs 1,000 cr in 5 state polls

EC makes record seizures of Rs 1,000 cr in 5 state polls

Rediff.com16 Apr 2021

The poll-panel called these seizures by its various field and technical enforcement teams a "historic milestone" achieved "for the first time in any assembly electoral process", meaning during simultaneously-held assembly polls.

IT notices to post-notebandi car buyers

IT notices to post-notebandi car buyers

Rediff.com29 Dec 2016

IT Department asks car dealers to furnish ledgers of all customers who have booked vehicles from November 1.

UIDAI files case for alleged misuse of Aadhaar data

UIDAI files case for alleged misuse of Aadhaar data

Rediff.com5 Apr 2018

UIDAI has asked police to investigate, it was not fully convinced about nature of the incident

RTGS fund transfer to be available 24x7 from December

RTGS fund transfer to be available 24x7 from December

Rediff.com9 Oct 2020

In a business friendly move, the Reserve Bank of India on Friday said that Real Time Gross Settlement System (RTGS), used for large value transactions, will be made available round-the-clock from December. In December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7x365 basis. Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month.

Going for a fancy home loan scheme? Read this

Going for a fancy home loan scheme? Read this

Rediff.com23 Oct 2017

Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh

Muted Christmas celebrations in Assam amid fear over CAA

Muted Christmas celebrations in Assam amid fear over CAA

Rediff.com25 Dec 2019

People have been acting with restraint regarding decoration of churches, private homes, hotels and other public places and shops selling Christmas decoration and party items hardly did any business this year.

Scam-hit PMC Bank invites EoI from potential investors

Scam-hit PMC Bank invites EoI from potential investors

Rediff.com3 Nov 2020

Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.

Assocham seeks tax friendly environment for startups

Assocham seeks tax friendly environment for startups

Rediff.com6 Oct 2015

Finance Ministry, Assocham on Tuesday sought a taxation friendly environment for the startups