Brokers want dividend tax to go, also seek relief on STT & LTCG
Brokers’ body says steps to boost volumes will help govt increase its revenue.
States seek pruning of GST exemptions
A panel of state and central government officials, set up to suggest measures for revenue augmentation,...
Personal Data Protection Bill: Exemptions for government agencies worry experts
The new Bill was cleared by the Union Cabinet last week and s...
9 MPs raised Assam concern in their dissent notes to JPC
Senior BJD leader Bhartruhari Mahtab, whose party supported the Bill in Parliament, expressed in his dissent note, which is annexed to the JPC report that, “the present Bill contravenes the provision of the principal Act and goes against the spirit of Assam Accord.. This will open floodgates thereby accentuating discontent among the people of Assam.”
QIP as backup plan for YES Bank?
The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it negotiates with prospective investors.
YES Bank gains 5% as firm looks to raise funds via QIP
The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it negotiates with prospective investors, the report said.
Centre's exemption powers in draft data protection bill stir up industry worries
The outcry from industry watchers, analysts and civil society comes amid the draft bill suggesting that the Centre will be empowered to exempt any government agency from the application of the Act and verify social media users. The bill, which was cleared by the Cabinet last week, is likely to be introduced in the Lok Sabha in the next couple of days.
Sebi exempts family trusts linked to promoters of Somany Ceramics from open offer requirement
Under the transaction, Shreekant Somany will transfer 10.24% stake to Sanrakshith Family Trust.
Data Protection Bill: Centre has the power to exempt any government agency from application of Act
It states that the Central govt has the power to exempt any of its agencies from application of the Act.
After Market: UK-linked stocks, PSU banks rally; 97 stocks give bullish signals
UK-linked stocks gained after Boris Johnson came back to power with a comfortable win.
Ecomm gifts prohibited to curb Chinese imports
Duty-free gifts via courier and post will no longer be cleared by Customs; exceptions would only apply for import of life-saving drugs and rakhis. The move is aimed at curbing imports by Chinese ecommerce vendors who were evading duties by declaring commercial shipments as gifts.
Tech companies flag licensing, non-personal data terms
Their apprehensions include sharing of non-personal data with the government, exceptions that the government has given itself, verification of social media users, certification requirements from the Data Protection Authority, and missing timelines for implementation of the bill.
Highways ministry urges RBI to exempt FASTags from KYC norm
Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags.
Sensex jumps 428 pts, Nifty nears 12,100; UK-linked stocks rally
US and China are close to finalising a modest trade agreement that would suspend tariffs.
Industry bodies concerned over data protection Bill, say it 'compromises' on privacy
The Internet and Mobile Association of India (IAMAI) said the Bill in its current form "compromises" on privacy of Indian citizens as "it has built in far too many exceptions for government agencies to access personal information of the citizens".
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