Priya said there are some businesses who have misused the registration process and now the CBIC is working to tighten the registration process and use information technology to catch fraudsters.
American chain Subway is one of largest restaurant franchisers in India, with around 800 outlets. They now charge 30 rupees ($0.40) extra for the cheese slice in most sandwiches, but are offering a free “cheezy” sauce instead.
Banks and NBFCs, which are Regulated Entities (RE) under the Reserve Bank of India (RBI), make investments in units of AIFs as part of their regular investment operations.
RBI Governor said the RBI is slowly and steadily expanding the CBDC pilots to more banks, cities, people and use cases.
Revenue Secretary Sanjay Malhotra said the notification was issued because it is one of the requirements under the Financial Action Task Force (FATF), for which the mutual evaluation process is already underway for India.
Rise in gold prices and duties are also seen as the key reasons for higher gold smuggling in the country.
The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.
Ambani had capped his annual remuneration at Rs 15 crore, from FY2009 to FY2020. Since FY2021, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential, RIL said.
The deal, signed this month, will make JioCinema’s streaming app the “exclusive” India platform partner for more than 1,000 episodes and around 20 movies of the Japanese anime series, one of the sources said, without disclosing any financial details.
Total income during the quarter under review increased to Rs 5,757 crore from Rs 4,081 crore in the year-ago period, Federal Bank said in a regulatory filing.