Daily Archives: February 6, 2019
Under the new regime, the penalty for a cancellation ranges between Rs 2,300 and Rs 4,600 depending on the cost of the ticket, and if the cancellation or change is done with seven days before or after departure. The fee for a change of ticket will range between Rs 1,500 and Rs 4,300.
Builders in the top 8 Indian cities owe banks and NBFCs Rs 4 lakh cr even as their total sales each year are worth just Rs 2.47 lakh cr. It is expected to take seven years to clear the outstanding amount based on the current rate of earnings per year. The annual EMI on this total loan is itself Rs 1.28 lakh cr.
Bansal’s comments come after the department for promotion of industry and internal trade (DPIIT) updated the foreign direct investment (FDI) policy for the online retail industry in late December, which caught the industry by surprise. It went into effect on February 1 and was an amendment to the policy on online marketplaces first released in March 2016.
After recently closing $1 billion fund-raise by SoftBank, Oyo has stepped on the gas in terms of expansion on foreign soil. Besides, the new market of US, it is also present in the UK, Indonesia, Nepal, and Sri Lanka among others.
The court’s order came on an appeal filed by the Centre against a Delhi high court ruling allowing Shreya Sen and Jayshree Satpute to file income tax returns for assessment year 2018-19 (financial year 2017-18) without linking their Aadhaar and PAN. There were some other individuals too who had been given relief last year.