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Regulation

sensex nifty

New rule for IAS, IPS, IFS officers; Centre directs officials to inform about stock market related transactions

The Centre has directed Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFS) officers to inform if their total transactions in stock, share or other investments exceed their six months' basic pay in a calendar year. Mar 30, 2023
wgc q1 2017 report, wgc gold demand, india gold demand, us gold demand, gold jewellery demand, gold prices in india, modi govt

Buying gold jewellery in India has new rule in India; sale without THIS is prohibited [details]

The Bureau of Indian Standards (BIS) has prohibited sale of hallmarked gold jewellery or gold artefacts without the six-digit alphanumeric hallmark unique identification number (HUID) after March 31, 2023. Mar 5, 2023
online shopping

Crackdown on fake product reviews in India; govt unveils new framework [details inside]

Aiming to guard customers from fake online reviews of products, the government on Monday issued a comprehensive set of guidelines that would come into effect from November 25 and would be voluntary in nature. Nov 22, 2022
RBI

RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan and many other states. Nov 20, 2022
Data protection

India's new privacy bill proposes cross-border data transfer, tough penalties; Big Tech in sigh of relief

In a relief for Big Tech, the IT Ministry on Friday proposed a new draft of digital personal data protection bill that will allow cross-border transfer of some users' data with "certain notified countries and territories". Nov 18, 2022
BJP spokesperson Rajeev Chandrasekhar

From microelectronic to semiconductor; how govt is enhancing Internet penetration [details]

Union Minister of State for Electronics & IT, Rajeev Chandrasekhar on Thursday said that the Centre is undertaking various collaborative measures to enhance "underlying technologies like microelectronic and semiconductor to increase Internet penetration". Oct 27, 2022
India's National Logistics Policy, ULIP integration and Flipkart's role in it: A winning formula

ULIP in logistics policy frees exporters from cumbersome processes; Flipkart played its part [details]

ULIP will bring all the digital services related to the transportation sector into a single portal, freeing the exporters from a host of long and cumbersome processes. See Flipkart's role in it. Sep 18, 2022
Uni card services suspended

Fintech Uni's card services suspended; millions of users affected [details]

Uni said that is proactively suspending services Uni Pay 1/3rd Card and the Uni Pay 1/2 Card, which will impact millions of users. Aug 19, 2022
Railway Minister Ashwini Vaishnaw

Personal Data Protection Bill to be withdrawn; sharper one in offing [details inside]

The government on Wednesday said it will withdraw the contentious Personal Data Protection (PDP) Bill 2019 which has seen 81 amendments in the past three years and will introduce a new, sharper bill that fits fit into the comprehensive legal framework and protect the data of billions of citizens. Aug 3, 2022
Nirmala Sitharaman

Oppo, Vivo, Xiaomi served notices for duty evasion; FM informs Rajya Sabha [details]

Mobile companies Oppo India, Xiaomi India and Vivo India have been served notices by the Directorate of Revenue Intelligence (DRI) for duty evasion, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. Aug 2, 2022
GST or Goods and Services tax

Flour, pre-packed food, hospital rooms get costlier with GST hike; see list of items affected [details]

Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them. Jul 18, 2022
Medicines

As QR codes made mandatory on medicines, experts underline challenges ahead for industry

In March, the ministry had asked the department of pharmaceuticals (DoP) to shortlist drug brands that can be included in the implementation of mandatory QR codes. Jun 25, 2022
cryptocurrency

TDS on virtual digital transactions NOT slashed to 0.1%; website error rectified [details]

In what came as a major relief for crypto exchanges in India on hearing that the IT department slashed the TDS rate for virtual digital assets to just 0.1 percent, it was only a short-lived fantasy. Read more. Jun 8, 2022
Nirmala Sitharaman

Excise duty cut on petrol, diesel; subsidy announced for Ujjwala gas beneficiaries [details]

The government has decided that this year it will give a subsidy of Rs 200 per gas cylinder (upto 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana. May 21, 2022
Nitin Gadkari

Erring companies will be penalised; Nitin Gadkari reacts to rising EV fire mishaps [details]

With the shocking number of EV fire accidents being reported almost on a regular basis, the Centre has decided to intervene with a stern warning for erring companies. Apr 22, 2022
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