FEES
DU doubles fee for correction in marksheet, degree certificate
Delhi University has raised fees for correction in degree certificates and marksheets, doubling charges to Rs 1,000 within six years of graduation and Rs 2,000 after. The decision was made based on a committee's recommendations led by Vice-Chancellor Yogesh Singh, approved on June 4. A DU official cited the long-overdue revision for the fee hike, while charges for duplicate documents remain at Rs 500 and Rs 1,000.
Broadcasters move NCLAT against Google fees on apps
The Indian Broadcasting & Digital Foundation (IBDF), representing TV broadcasters and OTT platforms, appealed to the National Company Law Appellate Tribunal (NCLAT) against an interim order from the Competition Commission of India (CCI). The CCI denied interim relief from Google's app payment policies. IBDF’s counsel urged NCLAT to stop Google from charging fees on app transactions and onboarding. Fees, between 11% and 26%, affect paid app downloads, in-app purchases, even with alternate payments.
How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
Anant Ambani wedding: Justin Bieber in India ahead of performance; to be paid this much more than Rihanna
Justin Bieber is set to perform at the sangeet ceremony of Anant Ambani and Radhika Merchant's wedding, charging a staggering $10 million (approximately Rs 83 crore), making his fee higher than that of Rihanna and Beyonce at previous Ambani events. The wedding, scheduled from July 12 to July 14, will take place at the Jio World Convention Centre in Mumbai. The festivities will also feature performances by other international artists, including Adele, Drake, and Lana Del Rey.
Zerodha’s Nithin Kamath sees end of road for zero brokerage model after new Sebi rules
Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India wants to curb.
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Barcelona trip on mind? Be prepared to pay higher tourism tax
Barcelona plans to increase its tourist tax to €4 per night from the current €3.25 starting October 2024, aiming to generate €20 million more annually, reports Schengen Visa News. The tax varies by accommodation type: €1.70 for four-star hotels, €2.25 for Airbnb rentals, and €3.50 for luxury hotels. Cruise passengers staying less than 12 hours pay €3, while longer stays incur a €2 fee.
Nordic "coolcations" turn up the chill factor
Cati Padilla and other tourists from southern Europe are increasingly opting for "coolcations" in Nordic countries like Norway and Sweden to escape the summer heatwaves. The trend is driven by a desire for cooler weather and less crowded destinations. Norway saw a 22% increase and Sweden an 11% rise in foreign overnight stays in 2023, influenced by the easing of Covid restrictions and fluctuating Scandinavian currencies.
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
New Zealand’s popularity soars as a study hub, witnesses 69,000 international student enrollments in 2023
Education New Zealand reported a significant increase in international student enrolments in 2023, reaching 69,135, marking a 67% rise compared to 2022 and representing 60% of 2019 figures. This surge underscores New Zealand's appeal as a study destination known for quality education in a safe environment. Linda Sissons from Education New Zealand highlighted the positive impact of international students on the education sector and communities, emphasizing the enriching cultural exchange that fosters global understanding.
This European nation now allows international students to work part-time for 90 hours per month
International students in Denmark can now work part-time for 90 hours per month. The Danish Immigration Service also allows them to work full-time for 90 hours in June, July, and August. Previously, foreign workers needed to extend their stay before their permits expired, with a maximum stay of 90 days within the last 365 days.
Attention credit card users! Big credit card rule changes in July of HDFC Bank, ICICI Bank, SBI Card, Citibank
Let us take a look at important credit card related changes of big banks that will come into effect in July.
Major credit card rule changes of big banks that will come into effect in July: SBI Card, HDFC Bank, ICICI Bank, Citibank
New credit card rules: Many major banks have implemented significant modifications to the credit card services. Let's examine the important changes to credit card services offered by these major institutions, which will take effect in July.
Applying for a US student visa? American Embassy has a warning for you
Indian students continue to favor the United States as their top destination for overseas education, with expectations of increased student visa applications in 2024. In 2023, India issued 140,000 student visas, and the number of Indian students in the US surged by 35 percent to reach a record 268,923, constituting over 25 percent of the international student population in the country. Acting spokesperson Nicole Holler highlighted the appeal of US universities for their facilities, faculty quality, research opportunities, and career benefits.
Canada's Quebec introduces cap on family sponsorship applications
Quebec has introduced a limit on family sponsorship applications, effective until June 25, 2026. The cap imposes a limit of 13,000 applications, with specific allocations for different categories. Out of the total, 10,400 applications are reserved for spouses, common-law partners, and dependent children aged 18 and above.
Japan imposes new fees on Mount Fuji climbers to limit tourists
Park rangers on Japan's Mount Fuji launched this year's climbing season before sunrise, implementing new trail fees and capping daily hiker numbers at 4,000 to manage overcrowding. Climbers now pay ¥2,000 ($12) per person amid concerns over litter and trail congestion from last year. The season runs until September 10, aiming to mitigate environmental impact and safety issues, especially among eager "bullet climbers". Despite Japan's tourism boom, authorities seek to balance visitor numbers with sustainable management practices.
Australia's new visa rules kick in; here's how they will affect Indians
Starting July 1, individuals seeking Australian student visas must apply from outside the country. This change affects holders of certain visas, including Visitor and Temporary Graduate visas, who can no longer apply for Student visas while in Australia. Applications submitted within Australia before July 1, 2024, will still be processed, and Working Holiday Maker and Work and Holiday visa holders remain unaffected.
Australia doubles foreign student visa fee in effort to curb migration
Australia has raised visa fees for international students starting July 1, from A$710 to A$1,600, aiming to manage record migration and housing market pressure. The changes also prevent visitor visa holders and temporary graduate visa students from applying for student visas within the country. The move is part of a strategy to create a fairer migration system and address loopholes in student visa rules that have led to a significant increase in subsequent visas.
Explained: Expense ratio in mutual funds and how your money is spent
In other words, it is the per-unit cost of running and managing the mutual fund. The expense ratio differs from fund house to fund house. The expense ratio is calculated as a percentage of daily investment value.
Penalty for missing ITR filing last date: Who has to pay and who doesn't
Penalty for late filing ITR: Under the Income-tax Act, 1961, a penalty or a late filing fee is levied when a taxpayer misses the last date to file income tax return. The late filing fee must be paid or else final submission of income tax return form cannot happen. However, not all taxpayers are required to pay penalty for filing belated ITR.
80% maths teachers in India, Middle East falter on basic mathematical questions: Study
A recent study by Ei, an EdTech company, revealed that nearly 80% of in-service math teachers in India and the Middle East lack basic conceptual understanding in areas such as ratio, proportional reasoning, algebraic reasoning, estimation, and logical reasoning. The study assessed 1,357 teachers from grades 3 to 6 across 152 schools in India, UAE, Oman, and Saudi Arabia over two years. Results showed that 75% of teachers struggled to answer half of the questions correctly, with only 25% able to answer a quarter of the questions accurately.
ITR filing: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpanner
ITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, KoinX, TaxNodes, Quicko and others. Filing of ITR is always free on the income tax department's e-filing ITR portal, however if you need any specialised assitance then you either need to hire a CA or use any of the third party websites.
Meta says it may block news from Facebook in Australia
Meta is considering blocking news content in Australia over licensing fees. The company awaits government decisions on fee regulations for tech giants, following similar actions in Canada. Agreements with Australian media may not be renewed, potentially impacting job cuts. Concerns arise over fraudulent ads and content moderation challenges within Meta.
Amarnath Yatra 2024: Date, registration process, fees, helicopters, routes, security
The much revered Amarnath Yatra, one of the most sacred pilgrimages for Hindus, is all set to begin at the end of June. Pilgrims take on a trek to the Amarnath Cave, a sacred shrine located in the Himalayas in Kashmir, at an altitude of around 3,888 meters. The main attraction of the Amarnath Yatra is the Shivling made of ice in the Amarnath cave, which is actually a stalagmite formed naturally due to the seepage of water through the cave roof.
Want a new phone number? It might come at a cost as Trai mulls fee
TRAI is considering implementing charges on smartphone and landline numbers, following a proposal to regulate numbering resources. TRAI views phone numbers as valuable public resources and suggests charging mobile operators, who may then pass on these costs to users. Potential charging methods include one-time or recurring fees per number or conducting auctions for vanity numbers. TRAI also contemplates penalties for operators holding unused numbers.
ATM operators seek Rs 2 hike in interchange fee for viability
The Confederation of ATM Industry, or CATMI, wants this fee to be raised to a maximum of Rs 23 per transaction to ensure more funding commitment for the business.
Nestle India revises record date for dividend payment, scraps increasing royalty fee to parent
Nestle India changed the record date for final dividend payment to July 16, recommended Rs 8.5 dividend per share, if approved by the AGM which is set to meet on July 8.
Toll tax hiked: What is toll tax? Why did it increase after Lok Sabha elections?
When you use national or state highways, bridges, tunnels, and interstate expressways, you must pay road charges, also referred to as "tolls." In India, the National Highway Authority of India (NHAI) is responsible for overseeing the entire road network, including the policies and procedures pertaining to toll taxes.
CoinDCX launches CoinDCX Prime for HNIs, targets $100 million AUM by 2025
CoinDCX, a major Indian crypto exchange, launches CoinDCX Prime to cater to High-Net-Worth Individuals and institutions, targeting $100 million in assets by 2025. Prime offers tailored services, prioritizing compliance and personalized support, aiming to attract substantial investment.
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