Leading brokers are expected to increase brokerage rates in the coming weeks, as they navigate a series of regulatory changes that are expected to squeeze profitability. According to industry sources, top brokers may soon begin charging for equity trades and raise the flat fees for intra-day and derivatives trading by 10-30 per cent. Several smaller players have already hiked their brokerage charges, signalling a potential end to the zero-brokerage era that has drawn millions of new investors into the stock market and fuelled active trading.
Trump's proposed policy limits undergraduates from any one country to 5% at select top US universities, raising concerns for Indian aspirants eyeing elite colleges.
The Biden administration has proposed a massive hike in immigration fees, including the much sought-after H-1B visas for high-skilled foreign workers, which is very popular among Indian tech professionals. Under the proposed rule, published by the US Citizenship and Immigration Services (USCIS) on Wednesday, the application for the H-1B visa increases from $460 to $780, and L-1 from $460 to $1,385. The application fee for O-1 visas has been proposed to increase from $460 to $1,055.
The BCCI announced that domestic cricketers affected by the COVID-curtailed 2020-21 season will be paid 50 per cent additional match fee as compensation for the disruption and also hiked their remuneration for the upcoming season.
Some pilgrims also complained about the AI not opening a counter in Madinah to deal with queries relating to lost tickets and other problems, to which Kurian said the decision was taken as there were very few inquiries last year.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
'In 2014 the BJP built its campaign around 'jija ji' (brother-in-law) and corruption, shouting about Vadra, 2G and coal scams. Yet today, all those cases have quietly been shut. The people are not fools. They can see the reality--that Congress and BJP are in a hidden alliance'
To increase the adoption of credit on United Payments Interface (UPI), National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions lower than that for a credit-card transaction. Sources in the know said these charges could be 1-1.2 per cent. Fintech participants concur with the view that the interchange fee is expected to be lower than that for a credit-card transaction.
"We have not received any official communication from the government as of now. Once we get it, the fees would be doubled. But for those who cannot afford this fee, we would have scholarships and bank loans in place. I don't think this hike would be effective this year as the academic year starts in June, but maybe next academic year," said Ashok Mishra, Director of IIT Bombay.
Terming an American proposal to increase visa fees as discriminatory, Commerce and Industry Minister Anand Sharma on Tuesday said the increase would cost Indian firms $200 million extra a year and make them less competitive.
While IIM-A hiked its fee in the last academic session, IIM-K recently announced to increase its fee up to Rs 900,000. The move to hike fee is being made following the Centre's decision to stop bloc grant to the institute.
The institute has revised fees for the one year post graduate programme for executives by five per cent as well.
Studying at the premier Indian Institutes of Management is no longer cheap. The Indian Institute of Management Ahmedabad on Saturday almost trebled the fee for its flagship two-year post-graduate management programme from Rs 400,000 to Rs 11.5 lakh (Rs 1.15 million), beginning from this academic year. The fees have gone up from Rs 200,000 each year to Rs 550,000 for the first year and Rs 600,000 for the second. Its fee hike is the highest among all IIMs.
The fees for the students' visa was raised from 145 pounds to 199 pounds while the dependent relative visa would be charged 1680 pounds. The increased fees will come into from April 6.
'I know my worth. Even in my lowest ebb, I didn't compromise with my price.'
After Indian Institutes of Management (IIMs), the nation's premier IITs may see a hike in tuition fees, the Rajya Sabha was informed on Monday. Human Resource Development Minister Arjun Singh said the Standing Committee of IIT Council (SCIC) has recommended an increase in the tuition fee for B Tech and M Tech courses. The Board of Governors (BoG) of six IIMs located at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore and Kozhikode had decided to increase the fees of the PGP.
In its draft policy released last month, the CBSE had proposed conducting Class 10 board exams twice in an academic year from 2026.
The move may result in a short-term cost impact for IT Indian companies, according to experts, despite the firms ramping up their local hiring and offshoring projects elsewhere to overcome visa-related issues.
Aviation regulator DGCA plans to implement measures to control excessive air ticket price increases, following concerns raised during a parliamentary panel meeting. The meeting also addressed air safety issues in light of the Ahmedabad plane crash.
India proposes to take the US to WTO against the latter's visa fee hike, which discriminates Indian software companies from American firms.
India has stated that the move would impact Indian IT professionals.
The United States' consular sections in India on Friday announced a hike in their service fees following recent depreciation in rupee value against the dollar.
Former India captain Sourav Ganguly on Tuesday urged the Board of Control for Cricket in India to consider a substantial pay hike for domestic cricketers plying their trade in Ranji Trophy.
Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.
Taking a cue from its sister concerns, the prestigious Indian Institute of Management-Kozhikode (IIM-K) on Monday announced a steep 20 and 22 per cent hike in the annual fee for the academic year beginning from June 2006.
The Indian Institute of Management IIM (Bangalore) has hiked its fees from Rs 2.5 lakh to Rs 4 lakh.
According to Ajit Balakrishnan, chairman of the board of governors of IIM-C, "Most students who study in IIM-C come from families whose annual income is Rs 5 lakh. We are a public higher education institute funded by taxpayers' money. Hiking our fees just because IIM-Ahmedabad or IIM-Bangalore has hiked theirs will make IIM-C an opportunist."
Carriers' input costs are rising due to weak rupee and rising crude oil price.
Arjun's fee for the Pushpa sequel is around Rs 85 crores.
This non-refundable fee will support the new electronic registration system to make the H-1B cap selection process more efficient for both petitioners and the federal agency, USCIS said.
If IIT-Bombay Chairman Anil Kakodkar has his way, studying at any of the 15 IITs across the country will now cost Rs 250,000 every year against the current Rs 50,000. Is this hike justified?
In its latest annual report, IIM-A has said it generated a net surplus of Rs 6.83 crore (Rs 68.3 million) for fiscal 2010-11 against an operating loss of Rs 50.49 lakh (Rs 5.04 million) in 2009-10, and Rs 6.33 crore (Rs 63.3 million) in 2008-09.
nfosys chief financial officer Ranganath M said there was confusion in visa costs.
The fees for facility inspection of foreign companies have been reduced
The Indian IT companies, which account for a large number of H-1B applications, are likely to face the additional financial burden because of this proposed increase in H-1B filing fees.
Indian Institute of Management, Ahmedabad is planning to hike fees for its one-year post-graduate programme in management for executives for the year 2007
The administration had submitted photographic and videographic evidence in the matter.
Indian Institute of Management, Ahmedabad has decided to hike the fees for the second batch of the one year Post Graduate Programme in Public Management and Policy from Rs 9 lakh to Rs 12 lakh.
