The co-founders of India's largest cryptocurrency exchange WazirX, Nischal Shetty and Siddharth Menon, have moved to Dubai with their families.
The banking regulator is in discussion with fintech players to find a way out and bring the segment under a regulatory framework so that PPIs are used as a payment instrument and not as a credit avenue.
The government has spent approximately Rs 2.60 lakh crore till March and another Rs 80,000 crore will be spent till September 2022, taking the total expenditure for PM-GKAY to nearly Rs 3.40 lakh crore.
Kant, who will leave the government think tank at the end of June, after having led the organisation for over six years, also said in an interview that the government should first assess the success of current production-linked incentive (PLI) schemes before launching the initiative for other sectors.
The auction, to be held on July 26, will be held for spectrum in the frequencies of 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 3,300 MHz and 26 GHz bands.
However, Goel would remain a non-executive director of the company and Dua the chief executive officer, the company said in a stock exchange filing.
Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions.
The dollar index, which gauges the greenback's strength against a basket of six currencies, strengthened by 0.05 per cent to 104.48. Investors are seen flocking to the safety of the US dollar as consumer price inflation in the UK for last month ticked to a new 40-year high of 9.1 per cent.
SUC is calculated through an average weighted formula for telecom companies (telcos) who have a mix of administratively allocated spectrum and spectrum acquired through auctions.
Google is not the only one that seems to have reservations about local storage requirements, a key part of India’s proposed data protection framework.
With introduction of Section 194S in the Income-tax Act through the Finance Act, 2022, a tax deducted at source (TDS) of 1 per cent will be levied on transfer of VDAs effective July 1 if the value of transactions exceeds Rs 10,000 in a year.
“I vote for a 50 bps increase in the repo rate which would be in line with the evolving inflation-growth dynamics and will help in mitigating the second-round effects of adverse supply shocks,” Das said.
India’s oil imports from Russia have gone up steeply as the latter is offering oil at a discount of 25-30 per cent. Russia has overtaken Saudi Arabia to become India’s second largest oil supplier after Iraq in May this year.
The Mumbai-based airline is expected to undertake its proving flight over the next week.
According to MD & CEO Sashidhar Jagdishan, the bank, in partnership with a new-age startup (with deep experience in core banking technology), is co-creating new core banking modules.
The investment approval has come in the wake of a major correction in global markets that brought down the valuation of international stocks and redemption from the schemes.
During the lockdown period of March 25, 2020-May 31, 2020, the EPFO had settled 31.01 claims as against 51.54 claims settled in 2021-22 (till March 22), 57.55 claims in 2020-21 and 51.44 claims in 2019-20.
A review of hotel tariffs is also expected to be a part of the recommendations, with lower-tariff hotels also likely to be brought under the GST ambit. The panel is also likely to have suggested a review of the unbranded food items, which at present do not attract GST.
The vehicle, developed in partnership with Maruti Suzuki, will leverage Toyota’s Self-Charging Hybrid Electric Vehicle Technology and is claimed to be tailored for performance and also making this technology affordable at the lower price brackets.
Analysts said capacity utilisation of 75-80 per cent needs to be sustained over 3-4 quarters for it to translate into an expansionary drive by the industry. Besides, there are mixed signals within sectors too.
47th Meeting of Goods and Services Tax Council to be held in Chandigarh instead of Srinagar
In the final pact, India’s demand for a permanent solution to the peace clause on breaching the limit on public stockholding and the government-to-government sales of food grains from central procurement have not been addressed.
NITI Aayog, DST meet battery makers, academia amid incidents of electric two-wheeler fires; govt, industry plan open source battery management system
The Air Suvidha portal was introduced in August 2020 as a mandatory self-reporting portal where incoming international passengers have to submit the details of their journey and their vaccination or Covid19 testing status.
During the pandemic, the RBI’s Monetary Policy Committee (MPC) consciously decided to tolerate an inflation which was higher than 4 per cent, up to 6 per cent because the situation required that.