Category: BUSINESS
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In Japan, wages are finally increasing while inflation erodes consumer gains
For some employees, wages in Japan are growing faster than they have in years. Prices are also rising, which makes many individuals feel like they need to cut costs more than ever. The consumer price index increased by 3.2% in May compared to the same month last year, which is much more than the central…
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IRCTC Clarifies Adani’s Trainman Not A Competition in E-Ticketing Business
The Indian Railway Catering and Tourism Corporation has published a notification in response to the conflict between the Trainman and IRCTC. In order to make it clear that Adani’s Trainman is not a “competition,” IRCTC has released a lengthy statement outlining the specifics of the e-ticketing business dispute. According to the IRCTC’s official statement, “There…
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On stamp duty paid under Section 80C, both spouses are eligible for a deduction of up to Rs. 1.5 lakh
Together with my wife, I just bought an old apartment, and we both paid an equal portion of the price. On it, we spent Rs 5 lakh on stamp duty and registration. Can we deduct stamp duty and registration costs from our taxes? What papers will we need for the same? An individual or a…
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UK eliminates countervailing duties on imports of steel products from India
Due to what is believed to be a little effect on domestic producers, the UK government has announced the elimination of a countervailing duty of up to 4% on stainless steel bars and rods imported from India. The UK’s Trade Remedies Authority (TRA) said on Thursday that the government had accepted its proposal to repeal…
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On a rally in stocks, the rupee surges 35 paise to a month high against the US dollar
On Friday, the rupee strengthened by 35 paise to end at a month high versus the US dollar as local equities indexes surged to all-time highs and crude oil prices fell. The dollar’s recent drop to one-month low levels and FII inflows into local stocks both helped the rupee’s outlook, according to experts.
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Manappuram Finance Faces a Rs 20 lakh Penalty from the RBI
Manappuram Finance has been fined Rs 20 lakh by the Reserve Bank for failing to comply with several NBFC regulations. The central bank stated on Friday that this fine against the Thrissur-based gold loan company, which is the second-largest pure-play lender by AUM, is based on the company’s regulatory compliance shortcomings and is not meant…
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Mumbai Airport Saw A 23% Increase In Passenger Traffic In May, According To CSMIA
Mumbai Airport, which is owned by the Adani Group, said on Friday that it had a 23% increase in passenger traffic year over year to 43,43,806 passengers in May, indicating a significant uptick in air travel. In May of previous year, the airport handled a total of 35 lakh people.
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GJEPC Applauds CBIC’s New Notice To Simplify Jewellery E-Commerce Policy
The government’s decision to streamline jewels e-commerce policy by permitting its exports via courier was praised on Friday by the Gem and jewels Export Promotion Council (GJEPC), who said the move would boost the sector. “We are glad that the government has adopted our suggestions to make the rules on jewellery e-commerce simpler. The latest…
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Government Should Prohibit the Online Game Undawn, Says NGO Prahar
The non-governmental organisation Prahar has called on the government to outlaw the video game Undawn because it was released on June 15, the anniversary of the Galawan event, and because it shows Chinese troops using military gear and weaponry to damage Indians’ feelings.
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Guidelines On Product Offerings By Online Bond Platform Providers are Published by SEBI
On Friday, the capital markets regulatory body Sebi made it illegal for companies that operate online bond marketplaces to sell anything other listed debt instruments. According to a circular, the regulator also permitted them to market assets on their online bond platforms, including government securities, Treasury bills, listed sovereign gold bonds, listed municipal debt securities,…