San Francisco: A former Amazon worker has sued the e-commerce giant in the US for not scheduling the mandatory 30-minute meal breaks for employees. Lovenia Scott, a former employee of Amazon’s fulfilment centre in Vacaville, California, alleged that the company didn’t provide enough rest breaks for workers, The Verge reported on Saturday. “When they did […]
New Delhi: Centre’s move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand, said India Ratings and Research (Ind-Ra). According to the agency, the move assumes significance especially for the sugar industry as India might not be able extend export subsidies beyond 2023, according to the […]
New Delhi: Stock markets in Asia heaved a sigh of relief and crude oil prices fell as the vessel blocking the Suez Canal was freed. This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the […]
Mumbai: Equity benchmark Sensex rallied over 500 points in early trade on Tuesday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid largely positive cues from the Asian peers. The 30-share BSE index was trading 510.31 points or 1.04 per cent higher at 49,518.81, and the broader NSE Nifty surged 162.70 points […]
Mumbai: About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious or very serious attack, and 65 per cent said it took longer […]
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The average base rate charged during the current quarter is 7.96 per cent. “The Reserve Bank of India […]
New Delhi: As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders to link their Aadhaar with PAN on or before March 31. ‘If your Aadhaar is not linked then your PAN will be considered inoperative and this will have an impact […]
New Delhi: Paying heed to Prime Minister Narendra Modi’s call to build a self-reliant India amid the new normal, Indian tech startups have begun to shun Chinese investment as Indian corporates and wealthy individuals, along with investors from other countries, are funding desi companies more than ever. In 2019, Chinese investors poured $3.9 billion into […]
New Delhi: The Ministry of Finance on Wednesday announced the reduction in the small savings rate from 3.5 percent for the first quarter of the financial year starting April 1, 2021. The small savings rate during January-March was 4 per cent annually. Further, in an office memorandum, the Department of Economic Affairs said that the […]
Geneva: The World Trade Organization (WTO) said on Wednesday that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year. The global trade body said prospects for a quick recovery in world trade have […]
New Delhi: The Goods and Services Tax (GST) authorities have cancelled 1,63,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months, sources in the Department of Revenue said. In one month of its nationwide drive against GST fake invoice frauds, the Directorate General […]
Bhubaneswar: The Real Time Gross Settlement System (RTGS) will be available round the clock on all days from December 14. The Reserve Bank Of India (RBI) Governor Shakti Kant Das informed that, “RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this […]
New Delhi: Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services. The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through […]
New Delhi: GST taxpayers will now be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis from January 1. The Central Board of Indirect Taxes and Customs (CBIC) will introduce the new Quarterly Return and Monthly Payment […]
Chennai: Ride-hailing major Ola said that it will make an investment of Rs 2,400 crore for establishing the “world’s largest” scooter factory in Tamil Nadu on Monday. The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm’s […]
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