Regulation

Huge relief to tax payers; KTR waives 50% domestic property tax in Telangana as Diwali gift

As part of the tax waiver plan, all the domestic households who have to pay property tax up to Rs 15,000 in Greater Hyderabad Municipal Corporation (GHMC) limits will benefit a 50 per cent reduction.

Nov 14, 2020

President Trump slams Visa Lottery Program at FBI National Academy graduation ceremony

H-1B visa only for those with top salary offers; Trump admn moves to scrap lottery system

The US has so far been using a lottery system to randomly select the 85,000 people who would get the visas because of the high number of applicants - more than 200,000 this year.

Oct 29, 2020

#HonoringtheHonest Faceless Scheme for Taxpayers in India

Explained: What is Faceless Assessment Scheme, Exclusions that Modi introduced to reward honest taxpayers

There will be no physical interface between the taxpayers and the IT department. The Faceless appeal service will ensure complete transparency in workings and come into effect from September 25, 2020.

Aug 13, 2020

How US govt's 7% per-country cap on green card punishes Indian immigrants

The new immigrant system solely discriminates on the basis of where the immigrant was born. If you are born in any country, other than China and India, say in Ghana, Sweden or Indonesia, then your green card application will be considered immediately.

Aug 6, 2020

Anurag Katriar, President of NRAI, CEO & Executive Director of deGustibus Hospitality Pvt Ltd

Zomato, Swiggy will eat away India's F&B sector without strong reforms: Anurag Katriar, President, NRAI [Exclusive]

Emphasising on the need for policy reforms and liquidity support from the government to tide over the Covid-19 crisis, Anurag Katriar, President, NRAI veers off to sharing views on the food aggregators' aggressive push and dominance in the F&B sector, responsible for denting profit margins and hurting industry growth prospects.

Jul 19, 2020

What is Form 26AS; Income Tax Dept's surgical strike on big tax evaders

Form 26AS is an auto-generated financial statement containing tax-related material, including high-value transaction.

Jul 19, 2020

Social media claims that hand sanitizer could spark fire in a car during summers

Sanitizers not same as Alcohol; Indians angry over 18% GST on alcohol-based sanitizers

The center is facing backlash over the decision to impose 18 percent GST on essential hand sanitizers.

Jul 14, 2020

US sends 'clear message' to China; designates Huawei, ZTE national security threats

In another major blow to China, US FCC has designated Huawei and ZTE as national security threats to cut off federal subsidies to carriers who wish to buy or maintain equipment from either company.

Jul 1, 2020

Gaurav Taneja vs AirAsia: YouTuber pilot's ordeal, DGCA's probe and everything happened so far

On June 14, whistleblower Gaurav Taneja tweeted about his suspension from services at AirAsia India after #BoycottAirAsiaIndia trends on Twitter for bringing the suppressed facts to light and "for standing up for safe operations of an aircraft and its passengers". He further wrote to DGCA about safety violations and Covid-19 guidelines not being followed by AirAsia. The probe is on by DGCA, details inside...

Jun 28, 2020

J&K govt reduces probation for all posts, realigns salary and compensation parameters | Details here

The Government of J&K issued a new set of directives today regarding conditions of probation, pay, annual increments, allowance, and fixation of initial tenure for new appointees, under the Government at various levels in different posts.

Jun 18, 2020

Government won't give up GST on masks, ventilators and PPEs; here's why

Earlier this month, Maharashtra Deputy Chief Minister Ajit Pawar wrote a letter to Union Finance Minister Nirmala Sitharaman seeking an exemption on GST for some medical equipment used in the fight against COVID-19 outbreak.

Apr 20, 2020

Chinese investments in stock market under scanner; SEBI seek details

Making full use of cheaper prices, the People's Bank of China (PBOC) raised its stake from 0.8 percent to 1.01 percent in the country's largest private sector lender HDFC Bank in March quarter.

Apr 16, 2020

DGCA certificate issued to AAI for GAGAN system about to expire

Flights over Indian airspace at risk? ISRO's navigation system to lose safety certification

The DGCA certificate issued to Airports Authority of India (AAI) for Indian Satellite-based navigation GAGAN system earlier on April 21, 2015, for a five-year period is about to lapse on April 21, 2020. Has the certificate been renewed by AAI yet or has Covid-19 delayed the same? Let's understand why the DGCA certificate is important and what will happen if the certificate expires?

Apr 16, 2020

RBI declares new money market trading hours inclusive of Forex from April 7 to 17

Owing to a decrease in market activity in light of the Covid-19 outbreak and nationwide lockdown, RBI has cut money market trading hours, with effect from April 7 to April 17.

Apr 3, 2020

UAE allows private companies to change employee contracts: How will this impact foreign workers?

With coronavirus scare and lockdown threatening employee job security across industries and particularly those of foreign workers abroad, an announcement by UAE's Minister of Human Resources and Emiratisation allowing private companies to change their contracts with employees could indicate layoffs and pay cuts for the migrant workforce. Let's gauge the impact of this move on foreign workers.

Mar 30, 2020

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