BUSINESS
UK trade secretary in India to resume FTA negotiations
Both the leaders are expected to begin the sixth round of FTA negotiations. The negotiations would aim to cut tariffs and facilitate financial and legal services by UK in India. Badenoch will also meet business leaders to seek their feedback regarding the trade pact.
Tax collections up by 24% in current fiscal year-on-year
With this, 61.79 per cent of the budget estimates for the current fiscal have already been achieved, official sources said. Also 66.92 per cent higher income tax refunds were issued till November 30 during the current fiscal, compared to the corresponding period of last year. Refunds amounting to Rs 2.15 lakh crore were issued between April 1 - November 30.
Booked your New Year 2022 holiday?
The Thai custom of lighting wish lanterns, which is done on the full moon of the 12th month of their lunar calendar, is also open to visitors. Every lantern that illuminates the sea and sky allows one to think about the past and the future while surrounded by the peace that Amanpuri's shore offers.
Paytm lending business at annualised run rate of $4.8 bn, disburses 6.8 mn loans in Oct, Nov
The company's annualised run rate for the loan distribution business is now Rs 39,000 crore ($4.8 billion.) In the two months, Paytm has distributed 6.8 million loans (y-o-y growth of 150 per cent), aggregating to loan disbursements of Rs 6,292 Cr ($774 million, y-o-y growth of 374 per cent).
BharatPe CEO enjoying life with money I raised but fails to grow company: Ashneer
"Suhail (CEO) -- bahut aish kar li Ashneer ke raised funds pe. Ladkiya bhi ghuma li Australia. Par hai to hum nalle - hiring, product, tech, UNITY bank, PA license, mkt share -- kuchh nahi hil raha humse. Kya karenge? (Had a gala time with money Ashneer raised in Australia but I am unable to help the company on the hiring, product, tech UNITY Bank, payment aggregator (PA) license and market share fronts, what to do?)", tweeted Grover.
'Air India in talks for acquiring 500 aircraft'
The deal is said to be part of Tata Group's efforts to revive Air India, reports in a section of media said. As per reports, the orders are learnt to include both narrow-bodied and wide-bodied jets. The developments though could not be confirmed, they added.
CBDT issues circular on TDS on salaries for current fiscal
The circular said that the tax should be deducted at the average rate calculated, based on the rates in force for the current financial year, on the estimated salary income of the recipient for that year. The circular was issued last week by CBDT.
Russia offers to help India overcome crude price cap: Reports
"In order not to depend on the ban on insurance services and tanker chartering in the European Union and Britain, Deputy Prime Minister of Russia Alexander Novak has offered India cooperation on leasing and building large-capacity ships," reports quoting the Russian embassy in New Delhi said. Novak met Indian Ambassador to Moscow Pavan Kapoor on Friday, as per the statement.
Rs 10 lakh penalty imposed on Glaxo Smith Kline for misleading ad, Parl panel told
These are among the five cases where the CCPA has imposed penalties on entities for issuing misleading advertisements with false claims and adopting unfair means to misguide consumers. Apart from this, the authority has till date issued 85 notices against misleading advertisements and unfair trade practices, out of which 38 cases were related to misleading advertisements.
Give your spouse a seat at the Board: Ashneer Grover to startup founders
Claiming that his book has created panic among BharatPe executives and this is the reason the fintech company had slapped several cases against him and his wife Madhuri Jain Grover, Ashneer said that "just because your business has capital coming in from the US, you do not have to go by their concept of management - of not involving family in business".
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