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Bihar Deputy Chief Minister Sushil Modi will head the seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections, a GST Council notification said. The GST Council, headed by Finance Minister Arun Jaitley and comprising state ministers, had on December 22, 2018, Read More…
According to the TRAI note, the maximum retail price (MRP) of a channel on a-la-carte can be viewed in the Electronic Programme Guide (EPG) or Menu of their TV screens. “Distribution Platform Operator (DPO) such as cable operators, DTH operators may provide discount on the MRP displayed on the EPG,” TRAI said. Following this Read More…
Consumer Electronics Show (CES) by Consumer Technology Association this year also included a conference panel on how technology can help “create more resilient communities” by tackling problems including poverty, health, education, and sustainability. The exhibits showcased a broad array of “tech for good” services which use robotics, drones, artificial intelligence and the like. Read More…
In a bid to give relief to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from Read More…
The Supreme Court on Monday issued a notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues. A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks. Appearing for R Read More…
According to the Central Bureau of Investigation (CBI), Modi and his uncle Mehul Choksi cheated the Punjab National Bank (PNB) of Rs 14,000 crore by fraudulently securing Letters of Undertaking (LoUs) to obtain credit overseas. However Fugitive diamond merchant Nirav Modi, a prime accused in the PNB fraud case, told a court in Mumbai Read More…
IT Raids are being conducted at the offices Chennai leading Hotel chains of Saravana Bhavan, Grand Sweets, Hot Breads and Anjappar Group in Chennai. Searches are underway at 32 locations in the city, including the homes and offices of the directors of the restaurant groups. Income Tax department officials said the searches are Read More…
“The MSME issue has been examined in RBI and a view has been taken to facilitate meaningful restructuring of MSME accounts that have become stressed,” it said. “RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset Read More…
While telecom networks have long started the groundwork for a 5G infrastructure, chipset and smartphone companies are now gearing up for the new wave of handsets with ultra fast mobile connectivity. Qualcomm became one of the first major chipset players in the world to launch 5G ready Snapdragon 855 processor which is going to Read More…
Josh Hillard from Columbus, Ohio reported that he felt “large amount of heat” and ‘strange smell’ coming from his iPhone XS Max. Moments later, the phone started to emit green and yellow coloured smoke. “Left no other option, I had to exit the room since there was a female in the break room with Read More…