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The Supreme Court on Monday sought a response from University Grants Commission (UGC) on a batch of pleas seeking quashing of its guidelines dated July 6, whereby all the universities/colleges have been instructed to conduct final-year examinations by September 30.   A bench headed by...

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Moneylife Digital Team / IANS 17 August 2020
The employee associations of income-tax (I-T) departments have said that the restructuring carried out in the department to implement the 'Faceless Assessment Scheme' is making 97% of the workforce feeling left out.   The joint council of action (JCA) comprising Income Tax Employees...

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Moneylife Digital Team 10 October 2020
Vedanta Ltd.’s controversial delisting process, which had angered its investors, has failed as per data available on the BSE (Bombay Stock Exchange) website. The metals major, led by billionaire Anil Agarwal closed a five-day reverse book building (RBB) process yesterday...

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Subhash Narayan (IANS) 30 September 2020
The winner of a horse race or any game of chance will not penalised by way of extra taxes as GST levy with the Appellate Authority of Advance Ruling, Maharashtra ruling that winner of a game is not rendering any service or making any supply and the prize money is outcome of an event where...

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Puja Gupta (IANS) 24 July 2020
The spread of fake news is at an all-time high in the midst of the coronavirus onslaught. Majority of the news currently being circulated on social media platforms have a questionable status; often they have more than one element of falsification.   This news mainly pertains to...

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Moneylife Digital Team 18 July 2020
Demanding to stop present practice of giving concessions to the defaulters and burdening the banking public with lesser rate of interest on their savings and increasing in service charges, a leading bank union has shared list of top 2,426 wilful defaulters, who together owe over Rs1.47 lakh...

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Moneylife Digital Team/ IANS 30 September 2020
The central board of direct taxes (CBDT) has issued a circular (No. 17) clarifying the tax deduction at source (TDS) and tax collection at source (TCS) provisions which will come into force from 1st October. However, tax practitioners from across the country are not happy with the...

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Indore, Ambikapur, Navi Mumbai, Surat, Rajkot and Mysuru have been rated as five-star cities, 86 cities as three-star and 64 cities as one-star as per the Ministry of Housing and Urban Affairs' rating protocol for garbage-free cities.   The announcement was made during the Swachh...

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Moneylife Digital Team 02 February 2021
Upstox (also known as RSKV Securities India Pvt Ltd), India's second largest brokerage platform, faced a massive technical glitch yesterday leading to several investors suffering serious losses after they were unable to square up positions. Even today, investors suffered losses after Upstox...

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The Parliamentary Panel on IT has summoned representatives of Facebook to appear before the committee on September 2 to discuss the subject of "safeguarding citizens' rights and prevention of misuse of social/online news media platforms including special emphasis on women security in the...

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Sucheta Dalal Sucheta Dalal 27 August 2020
Even as the regulator has tightened the rules to prevent misuse of investors’ funds and shares, yet another brokerage firm—Anugrah Stock & Broking Pvt Ltd—seems to be teetering on the brink, despite a reprieve from the Securities Appellate Tribunal (SAT) on 17th August against action by the...

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Moneylife Digital Team 13 August 2020
Prime Minister Narendra Modi on Thursday launched through video broadcast, the 'transparent taxation' platform, which brings into effect faceless assessment of taxpayers, and the rights' charter for the taxpayers.   With the 'transparent taxation honouring the honest' that is aimed at...

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Moneylife Digital Team 12 June 2020
The BrihanMumbai Municipal Corporation (BMC) has decided to cancel an expression of interest (EoI) that had quoted rates for body bags at more than 33 times than the market price. As per the EoI (DMC/CPD/ 38 dt. 14.04.2020) issued in April, the fixed rate for body bags was quoted at Rs6,719...

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Moneylife Digital Team 26 August 2020
Market regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs50 lakh on National Stock Exchange (NSE) for changing its compensation policy for top executives without taking prior approval from SEBI. This change had happened in 2012, however, it allowed both Ravi...

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Aniket Bhatkhande 11 June 2020
The death of an elephant in Kerala has galvanised the nation and there have been clarion calls for ‘justice’. As the sentiment wears off, phrases like ‘fed’ and ‘hungry’ have disappeared from the reports. A clearer picture has subsequently emerged of the events that allegedly unfolded. It can...

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Moneylife Digital Team 13 August 2020
The much-anticipated taxpayers' charter that came into effect from Thursday mandates the Income Tax (I-T) department to publish standards for service delivery in a periodic manner.    The Charter was launched with the inauguration of the 'Transparent Taxation' platform by prime...

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In an example of how deeply ingrained misogyny is in the Indian system, billionaire investor Rakesh Jhunjhunwala asked the management of Jubilant Pharmova: “How can we be lower than the lady? We have to beat her,” in a slighting reference to well-known entrepreneur and industrialist Kiran...

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The Municipal Corporation of Greater Mumbai’s (MCGM) public health department have issued a new circular easing the guidelines on requirement of a medical cause of death certificate for disposal of a non-corona virus (COVID) deceased person.    Until now, with the current pandemic...

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The Securities and Exchange Board of India (SEBI) has extended till September 24 the enforcement of regulatory measures aimed to contain market volatility amid the coronavirus pandemic.   The measures, first introduced in March, include limits on positions that can be taken up by...

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Moneylife Digital Team 23 September 2020
So severe has been the hardship caused to businesses by the unprecedented COVID-19 pandemic that several chartered accountants' (CAs') associations have taken the initiative to ask the government to save taxpayers from undue and unintended hardships under the Income-tax (I-T) Act. CA...

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