MUMBAI: In the next few days, banks will credit billions of loan accounts with an ex gratia payment equal to the interest on the amount of interest they have paid at closing. The Banking Association of India has said that the government’s decision to apply a uniform formula for all …
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NEW DELHI: In a major blow for companies ranging from consumer goods and spirits to consumer durables and footwear, the government Canteen department store (CSD), which operates soup kitchens for the defense forces, is set to ban all ‘direct import’ items. ‘Directly imported’ items would include those shipped from other …
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NEW DELHI: On Friday, the government invoked the stock limit rules under the Essential Commodities Act for Onions as prices continued to rise in almost every city. The rules came into force 31 days after Parliament passed amendments to the EC Law, which has a provision to invoke this clause …
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HYDERABAD: Bharat Biotech, which is developing Covaxin, a candidate vaccine for Covid-19, said on Friday that it has successfully completed interim analysis of phase I and II trials and is initiating phase III trials in 26,000 participants. “After successfully completing the interim analysis of Covaxin Phase 1 and 2 clinical …
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NEW DELHI: Facebook (India, South and Central Asia) Head of Public Policy Ankhi Das appeared before the panel on the issue of data security on Friday. Sources said the Facebook The panel members asked the Indian representatives some difficult and penetrating questions. During the meeting, a member suggested that the …
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NEW DELHI: The Center has borrowed and transferred Rs 6 billion as the first tranche of GST compensation deficit to 16 states and two union territories, including Maharashtra, Gujarat, Bihar, Assam, Delhi and J&K, the Finance Ministry said on Friday. Last week, the Center gave in to demands by opposition-ruled …
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NEW DELHI: E-commerce giant Amazon said on Friday that its inability to appear before Parliament’s joint committee in India due to overseas travel restrictions amid the ongoing coronavirus pandemic has been misconstrued. In a statement, Amazon clarified that it will continue to interact with the panel, which is reviewing the …
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NEW DELHI: To tear down onion prices Governing over 75 rupees per kg in some places, the government decided on Friday to invoke stock limit rules for traders for the kitchen staple. Onion prices continued to skyrocket in every state. According to data kept by the Ministry of Consumer Affairs, …
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NEW DELHI: e-commerce giant Amazon has refused to appear before Parliament’s joint committee on the Data protection invoice on October 28 and this amounts to a violation of privilege, panel chair and MP of BJP Meenakshi Lekhi he said Friday. Lekhi said “the panel is unanimous in its opinion that …
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NEW DELHI: The Adani Group It will take over the operation and management of Mangaluru, Lucknow and Ahmedabad airports on October 31 and November 2 and 7, respectively, the Airports Authority of India (AAI) announced on Thursday. Citing the pandemic, the group had time to take over the airports and …
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