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First loss default guarantee is a model of lending between a fintech entity and a regulated body where a third party stands guarantee to compensate default in loan of the regulated body up to a certain degree.
The government has granted permission to 523 shops to remain open 24 hours.
The Indian domestic sector is growing rapidly but a large share of the Indians flying out of the country are choosing overseas carriers. The Indian government wants domestic carriers to gain a bigger share of this market.
Taxpayers can now file their appeals electronically before the Joint Commissioner against decisions made by the income tax officer.
Plagued by the growth in home buyers who cannot get their flats registered because the developer is insolvent, the government is considering whether to allow registration of flats/homes even if the developer has filed for bankruptcy
The Delhi High Court has given the central government six weeks to consult with the stakeholders regarding the proposed regulations for e-pharmacies
Approximately 487 million WhatsApp users' data was hacked worldwide, out of which 6.16 million were phone numbers of Indians
The target set by the government for procurement of wheat this year is not expected to be met. There is a possibility that even 80 percent of the procurement target will not be met.
The order might even raise the overall price of apartments that offer car parking as well, since the order stipulated 18% GST on the price of the parking space
Officials claim that the move would put companies such as Pine Labs, Innoviti Payments, Ezetap and MSwipe in the regulatory zone. These companies provide QR code terminals at offline merchants, PoS terminals and mobile payment terminals.