The recent Supreme Court ruling asking private telecom companies to pay Rs 1.5 lakh crore in dues is the latest blow to a sector that’s reeling under debts of Rs 8 lakh cr. The Indian Express examines the events that have ended with one of the biggest players teetering on the brink of a collapse. Can the industry, with 117.3 crore cellphone subscribers at last count, survive this crisis?
According to the global earnings released by Uber on Friday, the total number of food deliveries in India by eats stood at 29 million during the quarter-ended December 31, down from 37 million in the September-quarter and 42 million in the June-quarter.
New Income Tax slabs: In absolute terms, out of 5.78 crore tax filers, about 5.3 crore (91.7 per cent) claimed deductions of less than Rs 2 lakh, including those under section 80C, Section 80D, section 80CCD(1B) (additional deduction of NPS), deduction for housing loan interest and standard deduction in 2018-19.
Pandey said a progressive and graded income-tax system is internationally considered to be one of the best practices, and differs from the indirect tax system, where the aim is to lower the number of tax slabs to reduce complexities.
ESOPs are significant component of compensation for employees of startups, and are currently taxable. “This leads to cash flow problem for the employees who do not sell their shares immediately and continue to hold the same for long term,” Sitharaman said.
For an initial check, screening camps have also been set up at Delhi's Indira Gandhi International Airport. The crew, which is also learnt to be under a seven-day lockdown, are unlikely to be allowed to meet even their families during this period.
Vistara and AirAsia India stood out among half a dozen national airlines and refraining from acting hastily on the Kamra incident while IndiGo, Air India, SpiceJet and GoAir banned him from taking their flights.
In his e-mail, Rohit Mateti, the pilot-in-command, describes the incident in detail and points out that while Kamra’s behaviour was “unacceptable and verbally abusive”, he complied with the crew’s instructions — and the offence “cannot be classified” even in the Level 1 category.