Tyre biz cartelisation: NCLAT asks CCI to pass fresh order; review fines to save domestic tyre industry
In its 166-page order, the tribunal has remanded back all cases for review to CCI and also directed the regulator to pass a fresh order "after hearing the parties".
Finance Ministry proposes issuance of one licence for all kinds of insurance
Insurers can also apply for any subclass of business like motor, health, and accident.
Capital gains tax regime complicated, clean-up long overdue: Revenue Secretary Tarun Bajaj
Bajaj said the government has received several proposals to simplify the capital gains tax structure, and it is for the policy makers to decide if they want to implement the changes in the Budget for 2023-24.
Meghalaya cabinet approves mental health policy
Meghalaya is the third state in the country to have a comprehensive policy on mental health and social care, paying attention to these issues, especially among children, adolescents and youth, he said.
China protests highlight Xi's Covid policy dilemma: To walk it back or not
Not since the protests of Tiananmen Square in 1989 have so many Chinese risked arrest and other repercussions to take to the streets over a single issue
Irdai proposes single management expense limit for insurers
Currently, there are segmental and sub-segmental management limits for insurers.
NPCI in talks with RBI on volume cap deadline
At present, there is no volume cap. So, two players -- Google Pay and PhonePe -- account for a market share of about 80 per cent.
PM Gati Shakti to cut logistics cost, bring synergy among ministries: Piyush Goyal
The PM GatiShakti - National Master Plan (NMP) was announced last year with an aim to break departmental silos and bring in more holistic and integrated planning and execution of projects with a view to addressing the issues related to multi-modal and last-mile connectivity.
GST system needs more resources, attention to improve: Tamil Nadu's PTR
Tamil Nadu's finance minister also expressed concern about the low frequency with which the GST Council has been meeting.
SC lifts HC stay on order for 30% quota to women having domicile of Uttarakhand
A bench of Justices S A Nazeer and V Ramasubramanian issued notice in the matter and sought reply on the Uttarakhand government's plea.
Fed jacks up interest rates again, hints at smaller increases ahead
Major U.S. stock indices spiked after the release of the Fed's statement, which promised to take economic risks more clearly into account in deciding the size of any further rate increases, but erased those gains as Powell spoke and ended the day sharply lower
Must balance climate considerations and growth hopes, says CEA Nageswaran
Nageswaran’s comments come before India assumes presidency of the G-20 in December
New PM Rishi Sunak pledges to lead Britain out of economic crisis
Sunak said difficult decisions lay ahead as he looks to cut public spending. Hunt, who Truss appointed to calm markets roiled by her dash for growth, has been preparing a new budget alongside borrowing and growth forecasts due out on Monday, and repeated his warning on Tuesday that "it is going to be tough"
Over 25 crore e-KYC transactions carried out using Aadhaar in September
Aadhaar Enabled Payment System (AEPS), too, has been an enabler of financial inclusion, the release noted.
Fed to hike by 75 bps again, should pause when inflation halves: Reuters poll
Its most aggressive tightening cycle in decades has brought with it ever bigger recession risks. The survey shows a median 65 percent probability of one within a year, up from 45 percent
6 months jail for bursting firecrackers on Diwali: Delhi Environment Minister
Production, storage and sale of firecrackers in the capital will be punishable with a fine of up to Rs 5,000 and three years jail under Section 9B of the Explosives Act, the minister told a press conference here.
Centre's orders to block accounts went against SC norm, Twitter tells Karnataka HC
He has already filed a petition in the Delhi High Court in this regard.
China’s Xi defends Covid Zero, Hong Kong policies at Congress
The Chinese leader spoke without a mask at a distance from the more than 2,340 delegates, including provincial leaders, top military figures, farmers and minority representatives, who wore facial coverings, aside from a handful top leaders
Sebi issues standard operating procedure for inter-operable regulatory sandbox
Financial products or service providers whose business models fall within the remit of more than one financial sector regulator such as Reserve Bank of India (RBI), Sebi, IRDAI (Insurance Regulatory and Development Authority of India), PFRDA (Pension Fund Regulatory & Development Authority) and IFSCA (International Financial Services Centres Authority) will be considered for the testing under Inter-operable Regulatory Sandbox (IoRS).
No citizen can be prosecuted under scrapped sec 66A of IT Act, says SC
Under the annulled section, a person posting offensive content could be imprisoned for up to three years and also fined.
Biden vows to punish Saudis over oil output cut but struggles to calibrate response
The president added that he believes it’s time for the US to rethink its relationship with Saudi Arabia. But he and senior administration officials also conceded that a legislative plan to retaliate was unlikely to materialize until after November’s midterm elections
RBI issues consolidated guidelines on unhedged foreign currency exposure
The RBI has, from time to time, issued several guidelines, instructions and directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities, which have borrowed from banks.
Draft Telecom bill doesn't limit govt powers to impose internet shutdowns at will
Experts say the segment which provides powers to the governments to impose internet shutdowns is a reproduction of the existing colonial-era law and also does not address Supreme Court concerns over the issue.
Govt gets Rs 1,203 crore dividend from 5 CPSEs
"Government has respectively received about Rs 604 crore, Rs 450 crore and Rs 37 crore from SAIL, HUDCO and IREL as dividend tranches," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
