The plea filed by 'Federation of Medical and Sales Representatives...
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Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for...
Emirates NBD and Kotak Mahindra Bank cleared by RBI to bid for IDBI Bank
The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender MUMBAI/NEW DELHI: The Reserve Bank of India(RBI) has completed its review of potential buyers for a...
India’s Carbon Market: Regulations expected in months
"Large Indian corporations are on to this carbon market development in India especially since they have assets in other places around the world and their customers in European markets would be demanding more and more cleaner products.," Dirk Forrister, President and...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...
Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
Global accounting body wants more rigour in showing climate impacts
Investors have said they want to know whether assets will retain their value going forward as climate change impairs them, such as through flood damage London: The IASB launched a consultation on Wednesday on proposed guidance for companies to apply the board’s...
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Sanjay Malhotra,Revenue Secretary, Ministry of Finance Currently, the country has two personal income tax regimes. In the old income tax regime, the tax rates are higher but taxpayers can claim exemptions and deductions which is a relatively more complicated process....
Bill introduced in LS to replace 90-year-old Aircraft Act
The bill includes provisions to regulate the design and manufacturing of aircraft, supporting the Atmanirbhar Bharat initiative for self-reliance New Delhi: A bill was introduced in the Lok Sabha on Wednesday to overhaul India's civil aviation regulations by replacing...
Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
No panel formed for extending benefits to cover citizens above 70 under Ayushman Bharat, says govt
Union Minister of State for Health Prataprao Jadhav said 34 insurers and third-party administrators were live and approximately 300 hospitals ramping up to start sending their claims on the National Health Claims Exchange (NHCX), which aims to streamline and fasten...