Exemptions to govt entities from adverse consequences have likely been retained
The development comes weeks after the Centre imposed — and then postponed — a licensing requirement on the import of laptops and personal computers, which had set alarm bells ringing at major electronics hardware manufacturers. The move was deferred until October 31.
“The new system (CIMS) is starting with reporting by scheduled commercial banks and will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs),” Das said after the launch of the new system.
In a letter dated July 26, EPFO’s servers will reach their end of service life by start of 2024. However, with less than six months left for the same, the process for replacement has still not taken off.
BOC Aviation Limited and India’s largest airline IndiGo have entered into a finance lease transaction involving 10 Airbus A320NEO aircraft to further expand its fleet, officials said on Wednesday.
Highlighting the “repercussions of a sudden subsidy reduction”, Tarun Mehta said that the electric two-wheeler industry lost one year of growth in 2023.
Union Finance Minister Nirmala Sitharaman said the decision was not taken with consensus, as had happened at the time of the GST change on lottery, with some states registering dissent but most states asking for early implementation of the decision taken at the last Council meeting.
Last week, the RBI asked banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023.
Speaking at the annual FIBAC event, Das said household inflation expectations are becoming more anchored, but added that headline inflation is vulnerable to recurring and overlapping food price shocks.
RIL’s subsidiary Reliance Jio Platforms has posted a 12.5 per cent rise in net profit at Rs 5,098 crore for the June quarter from Rs 4,530 crore a year ago. Gross revenue increased 11.3 per cent to Rs 30,640 crore during the quarter.