Africa

Non-compliance of service charge ban in Delhi attracts Rs 1 lakh penalty each on restaurant associations

The Delhi High Court has given a final chance to the Federation of Hotels and Restaurant Associations of India and the National Restaurant Association of India to file their affidavits, as per the order issued on April 12 regarding levy of service charge by their members.

Jul 28, 2023

Embracing resilience and sustainability in value chains: Building strategies for rapidly changing world

By incorporating transparent and flexible supply chain practices, investing in circular economy principles, and nurturing resilient partnerships, companies can build strategies that withstand disruptions and foster sustainability, writes Major General Dilawar Singh as he delves deep into why embracing resilience and sustainability in value chains is necessity for businesses to thrive in a rapidly changing world.

Jul 24, 2023

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23.

Jul 24, 2023

EPFO payroll data: EPFO adds 15.29 lakh net subscribers during the month of January, 2022

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The central government has ratified 8.15% interest rate for EPF subscribers for 2022-23

Jul 24, 2023

A Digital Bank in Bangladesh: Opportunity and Imperative for growth of its Economy

Major General Dr Dilawar Singh shares his opinion on the opportunity and potential for setting up a new Digital Bank in Bangladesh are vast and promising. With a growing tech-savvy population, rising digital adoption, and government initiatives for financial inclusion, the market is primed for innovative digital banking solutions.

Jul 23, 2023

MSME yet to recover from impact of demonetisation, GST: Congress

Congress on Saturday slammed the BJP-led central government saying the MSME sector has not yet recovered from the impact of demonetisation and GST and that no adequate steps were taken to revive the sector which could have provided employment to the youth is in its worst phase.

Jul 22, 2023

Russia's Sberbank Establishes Major IT Unit In B'luru

Russia's Sberbank sets up major IT unit in Bengaluru; Plans to employ IT specialists

Sberbank's branch in India has received permission from the Reserve Bank of India (RBI) to establish an IT unit here.

Jul 21, 2023

'Sell China, Buy India' policy of FPIs cannot continue for long

The valuations in China at a PE of 9 is hugely attractive now compared to valuations in India with a PE of around 20 and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Jul 15, 2023

France to allow Indians to make UPI payments in rupees: Modi

Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the world famous site.

Jul 14, 2023

28% GST to be levied on full value of online gaming, horse racing, casinos

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.

Jul 11, 2023

GST Council to meet on Tuesday, likely to take a call on taxing heavy utility vehicles, horse racing, online gaming

With the GST Council, headed by Union Finance Minister Nirmala Sitharaman, all set to meet on Tuesday, it is expected to take a call on various issues like taxing online gaming, high-end vehicles, as well as horse racing and casino activities.

Jul 10, 2023

Digital wallets transactions value to surpass $16 trillion by 2028

The total value of digital wallets transactions is forecast to rise from $9 trillion in 2023 to $16 trillion in 2028, a growth of 77 per cent, a report showed on Monday.

Jul 10, 2023

GST network brought under anti-money laundering law to plug tax evasion

Aiming to plug tax evasion through fake billing, Centre has brought the GST Network (GSTN) under the purview of Prevention of Money Laundering Act (PMLA).

Jul 8, 2023

Flood of FPI flows into India continues

The flood of FPI flows into India continues with Rs 21,943 crore of inflows (including bulk deals) till 8th of this month, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Jul 8, 2023

E-commerce growth in India to hit $150 bn by 2026: Report

The e-commerce transaction value in India is likely to rise from $83 billion in 2022 to nearly $150 billion in 2026 at a 16 per cent compound annual growth rate, a report showed on Wednesday.

Jul 6, 2023

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