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The Supreme Court struck down a provision that the owner of the dance bar should have a “good character” and no “criminal antecedents”. “There is no precise definition of what amounts to good character and criminal antecedents,” ruled the court. In a significant development, the Supreme Court on Thursday gave go-ahead to the Read More…
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…
India’s unemployment rate shot up to 7.4 per cent in December 2018. This is the highest unemployment rate we’ve seen in 15 months. The rate has increased sharply from the 6.6 per cent clocked in November. The climb to 7.4 per cent also indicates that the small fall in the unemployment rate seen in Read More…
Infosys Chairman, Nandan Nilekani has been appointed as the chairman of the Reserve Bank of India’s committee on enhancing digital payments. Other than Nilekani, Kishore Sansi, Chairman and managing director of Bengaluru-based PSB Vijaya Bank is also part of the five-member committee. The committee includes three other H R Khan, former Deputy Governor Read More…
BJP ruled Meghalaya has reported another mining mishap in which two labourers died in a coal mine in East Jaintia Hills district. The superintendent of police, Sylvester Nongtnger said bodies of two labourers were found on Sunday, a day after an uncle of one of the victims had lodged an FIR at Khliehriat police Read More…
IT Sources said that three big-budget movies were picked for the searches on suspected suppression of income, loss or faulty auditing and even suspected converting black money into white. The Income Tax Department has picked three big budget movies in the industry. The producers, actors and distributor of the movies KGF, Villain and yet 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…