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Do fresh KYC of PM Jan Dhan accounts due for updation: DFS secretary to banks
During the meeting, Nagaraju suggested using all means for doing...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan
Debasish Panda, chairman,IRDAI ``It is our endeavour to implement...
HC shocked over govt raising false claims with impunity, seeks rules to hold officers accountable
The high court, which termed it as a matter of grave concern, said it was of the prima facie view that whenever a false claim is raised by the government, it causes immense injustice to the litigant seeking justice and also puts unnecessary burden on the court.
Govt may issue guidelines for ‘flex-fuel’ vehicles by October
The government is also working on an incentive scheme to promote manufacture and use of flex engines in vehicles. The details would be specified when policy in this regard is unveiled.
The use of flexible fuel vehicles (FFVs) is being actively looked at by the government to ensure increased use of bio-fuels for running vehicles, Petroleum Secretary Tarun Kapoor had told IANS earlier.
”Revenge travel”: Because home is not where the heart is after months of lockdown
“They are planning weekend getaways to nearby mountains or cities such as from Delhi to Himachal or Jaipur. Or from Bangalore to Ooty. Some are also relocating to work from hills such as Manali or Shimla which is leading to an increase in long term rentals. We are seeing a rise in the booking of Amaze, Honda City in the Sedan category while InnovaCrysta has been the preferred choice by our customers in the SUV category,” said Sunil Gupta, MD and CEO, Avis India.
Businesses need not deduct TDS on share purchases via exchanges: CBDT
The CBDT has also clarified that only those entities having turnover from the business of more than Rs 10 crores in the preceding financial year would be required to deduct TDS at the time of purchase of goods over Rs 50 lakh.
Heatwave claims over 17,000 lives in 50 years in India: Study
Heatwave is one of the extreme weather events (EWE). In 50 years (1971-2019) EWE killed 1,41,308 people. Of this, 17,362 people were killed due to heatwave — a little over 12 percent of the total deaths recorded, the study said.
The maximum heatwave deaths were in Andhra Pradesh, Telangana and Odisha, it added.
The research paper was authored by M Rajeevan, Secretary of Ministry of Earth Science, along with scientists Kamaljit Ray, S S Ray, R K Giri and A P Dimri, earlier this year. Kamaljit Ray is the lead author of the paper.
50 pc applications for cyclone Yaas relief in Bengal rejected as ‘bogus’: Official
According to a state government notification, someone whose agricultural land has suffered damaged by Yaas would get anything between Rs 1,000 and Rs 25,000.
Any affected farmer cultivating betel leaf and a person who lost his cattle in the calamity are entitled to a compensation of Rs 5,000 and Rs 30,000 respectively.
The notification further said that the state would pay a compensation of Rs 5,000 for partially damaged mudhouses and Rs 20,000 for fully damaged ones.
The race to become the vanguard of India’s stock market is on
After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds more than doubled to 5.6 million in the year to April.
Passive products now account for nearly a quarter of equity assets under management versus about 16% two years ago, data from the Association of Mutual Funds in India show. That compares to more than 50% in the U.S.
Amazon, Tata say Indian govt e-commerce rules will hit businesses: Report
New rules limiting flash sales, barring misleading advertisements and mandating a complaints system, among other proposals, could force the likes of Amazon and Flipkart to review their business structures, and may increase costs for domestic rivals including Reliance Industries’ JioMart, BigBasket and Snapdeal.
FPIs invest Rs 13,269 cr in Indian markets
Among emerging markets, India witnessed the highest FPI inflows of USD 1,498 million, followed by Indonesia (USD 342 million). On the other hand, Taiwan witnessed the highest FPI outflows of USD 1,814 million, South Korea USD 792 million and Phillipines USD 79 million, he added.
EU working to allow acceptance of AstraZeneca’s India vaccine jab, Commission says
The EU vaccine passport programme allows people to travel freely within the bloc as long as they have had one of four Western-made vaccines. While this includes the AstraZeneca shot, it does not extend to Covishield, the Indian version of the vaccine produced by Serum Institute of India (SII).