CUSTOMER ISSUES
TRAI offers relief to TV distribution platforms in amended tariff order
TRAI's new tariff orders aim to reduce regulatory burden on DPOs in the TV industry. Changes include lifting NCF cap, allowing DPOs to charge based on paying capacity, and free-to-air channels now free on certain platforms. Discounts on a-la-carte channels permitted.
SEZ units set to get refund of cess on imports
The Centre will refund the compensation cess levied on imported goods under Goods and Services Tax (GST) to businesses operating in special economic zones and their developers, effective from 2017. The Central Board of Indirect Tax and Customs has also directed the issuance of refunds of 5% GST collected on food packages intended for the public distribution system (PDS).
Budget 2024: DPIIT seeks Angel tax, inverted duty removal in Budget
The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed eliminating the Angel Tax for startups ahead of Budget 2024, said Secretary Rajesh Kumar Singh. Introduced in 2012 under Section 56(2)(viib) as an anti-abuse measure to prevent tax evasion, the tax is levied above 30%. DPIIT asserts this removal could enhance capital formation in India.
Dehradun's Bhadraj Temple goes viral: Video shows staff throwing footwear off hillside. Watch
In Dehradun, the Bhadraj Temple has gained attention for a viral video showing temple staff throwing footwear off a hillside. This action aims to enforce rules against visitors bringing footwear inside the temple premises, sparking both support for upholding traditions and criticism over environmental concerns and visitor practicality. The incident shows the temple's efforts to maintain sanctity while urging respect for local customs and nature.
Exporters seek separate division for non-trade issues, faster customs clearance
Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush Goyal, they also highlighted concerns about Chinese goods entering India via the ASEAN free trade agreement.
Mumbai customer orders Sparx slipper 6 years ago, Flipkart tells customer it's 'arriving today', conversation goes viral
Ahsan Kharbai's six-year wait for his Flipkart order of Sparx slippers became a social media sensation after he received an unexpected call from the platform's customer support. Despite the order showing perpetual delays, Kharbai's humorous recounting of the incident online sparked discussions about e-commerce logistics and customer service challenges.
Groww user alleges 'fraud', says app shows mutual fund investment but can't redeem, company denies; what are lessons for MF investors?
Groww faces 'fraud' allegation: A customer's complaint against Groww, has sparked concerns over investment safety via execution-only platforms (EOPs). The investor alleged via social media that investments made through Groww could not be withdrawn despite the app showing them as invested. Groww responded, asserting no deduction occurred and the mutual fund transaction did not take place. The incident underscores broader worries among investors about data reliability on fintech apps. ET Wealth delves into the details surrounding the incident. What could mutual fund investors learn from this incident?
Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
Customs authority slaps over Rs 14 crore demand and penalty on Escorts Kubota
The Commissioner of Customs (Adjudication), Delhi Zone has passed an order confirming the demand of Rs 4,42,10,867 along with applicable interest and has also imposed a penalty of Rs 9,87,10,867 on valuation issue on imported goods, Escorts Kubota said in a regulatory filing.
Customs department warns against new parcel fraud:'Drug was found in your parcel, will inform police'; how to save yourself from this fraud
New parcel scam: The Central Board of Indirect Taxes and Customs (CBIC) has stated that several people complained to them about a fake parcel scam being conducted in the name of customs. In this scam you get a call from a fake officer informing you that cocaine or other drugs have been found in a parcel with your name. Read to know more about this scam and how to stay safe.
Transform your CX with G7 CR's disruptive approach towards customer experience
G7 CR Technologies, a Noventiq company, revolutionizes unified customer experience in the tech industry, driving business transformation and enhancing customer satisfaction.
SHOCKING: Anurag Kashyap exposes how customs treated Christopher Nolan during 'Tenet' shoot in India
Anurag Kashyap recently highlighted the challenges faced by Christopher Nolan during the filming of 'Tenet' in Mumbai, revealing that Indian customs held up Nolan's equipment. Kashyap criticized the lack of support for indie filmmakers in India and emphasized the systemic issues in cinema funding. His candid remarks shed light on the hurdles faced by international filmmakers and called for substantive reforms to empower creative talent within the country's film industry.
CBIC issues instructions for initiating early GST recovery
The CBIC has authorized Principal Commissioners or Commissioners to demand GST dues within three months of a demand order if necessary for revenue. Generally, recovery starts post the three-month period, but early recovery can be initiated if justified in writing by the proper officer. This move aims to balance revenue protection and business ease, enhancing transparency and predictability in tax administration.
Amritsar traders say trade revival with Pakistan key poll issue; will benefit farmers, transporters
Amritsar, a major city in Punjab, is urging for the resumption of trade with Pakistan through the Attari-Wagah land route. The trade volume between India and Pakistan through the land route used to be around Rs 5,000 crore per annum before the bilateral trade ties were suspended in 2019. The local industry has emphasized the necessity of the revival of trade for the betterment and development of Amritsar.
IDFC First Bank to raise Rs 3,200 cr via preferential issue to LIC, others
IDFC First Bank will allot around 39.68 crore shares to some of India's biggest institutional investors, including LIC, HDFC Life, ABSL Insurance, Bajaj Allianz Life, ICICI Lombard, and SBI General Insurance.
Credit card issued without consent? Here is what you can do
Card issuers are restricted from offering unsolicited credit cards and are required to get the customer's prior and explicit authorisation before issuing the card, according to the Reserve Bank of India (RBI) rules.
Zepto customer receives nearly-expired 10kg flour pack, company says 'eat it in 7-days.' What happened next?
Delhi resident Gajender Yadav received a 10 kg packet of wheat flour from Zepto with an expiration date just eight days away. Frustrated, he took to social media to share his experience, humorously inviting Zepto to help him finish the flour. The post went viral, prompting a response from Zepto, but further escalation occurred when customer care advised him to consume the flour within seven days. Yadav's witty updates and criticisms of Zepto's handling of near-expiry products gained widespread attention.
Premier Roadlines shares list at 30% premium over issue price
Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.
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