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होम » Breaking Briefs

Breaking Briefs

No more unregulated medical devices

Under the new system, all four categories of medical devices will fall within the purview of regulations, ensuring quality control of the devices.
El-Nino eating away your chocolates

El Niño can also influence cocoa production in the upcoming season. There are concerns about the impact of El Niño on weather conditions in Ivory Coast, which could affect cocoa production in the country.
Hotels must provide space for cab drivers too

TN has made it mandatory to provide hostel facilities for drivers of vehicles who stay with guests in hotels and lodges at night
Govt nudging banks to solve real estate tangle

The trick is to surrender first rights on the assets and engage fruitfully with last-mile financiers to resume work on stalled projects that have jeopardised life’s savings of lakhs of home buyers
Gold dealers red flag gold import by refiners from sub-Saharan Africa

A group of gold jewellers and dealers have alerted the Centre that a few refineries in the country are importing semi-pure gold free of customs duty from African countries such as Guinea and Tanzania
Customs duty increased on LPG, agriculture cess will also be applicable

The increase in duty will not affect the common customers. But for the rest of the importers who import LPG, the basic customs duty has now increased to 15 percent.
Digital rupee to ride piggyback on UPI soon

The blueprint to ride piggyback on the QR codes consumers have already installed on their phones can be traced to the fact that millions of consumers and merchants both in the organised and unorganised sector have already adopted the UPI modes
Little impact: Retailers might continue discount fusillade

Frowns are becoming deeper across the foreheads of retailers since the items are flying off the shelves at paces that are far lower than what the retailers expect even after offering discounts that range up to 75%
Your IPO investment will now be listed in 3 days

Now certain classes of FPIs will have to furnish granular details about ownership and economic interests. The move is aimed at preventing possible circumvention of public shareholding requirements and potential misuse of the FPI route to guard against opportunistic takeover of Indian companies.
20% TCS on international card payments dropped

The Finance Ministry has also deferred to October 1, the implementation of a higher TCS of 20 per cent on expenditures made under LRS and overseas tour packages

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