BUSINESS
United Airlines launches new daily Delhi-Chicago non-stop service
Accordingly, these daily flights will be operated by a Boeing 787-9 Dreamliner aircraft. "With the introduction of this new route, United will operate four daily non-stop flights from India," the airline said in a statement.
Airstrike: Airlines gear-up to deliver Covid a vaccine blow
The industry is expected to play a vital role in the country's impending anti-Covid offensive via vaccines. Already at an advance stage of planning, the industry and especially its leading players have formed dedicated teams, new specialised logistical arms to safely and efficiently transport veils across India and potentially around the world.
Consultations before show-cause notice to be pursued by GST officers
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that such consultations with the assessee, prior to issuance of show-cause notice (SCN) in case of demands of duty is above Rs 50 lakh (except for preventive/offence related SCNs), is mandatory and shall be done by the SCN-issuing authority.
Depreciation risk rises for rupee, as oil prices soar
Accordingly, other factors like failure of Brexit talks as well as changes in the US Fed's stand might the downside risks. "We expect the rupee to trade strong till the time equity flows are robust," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.
More upswing expected as PSUs', FMCG stocks to rule the roost
Accordingly, market observers contend that rising foreign fund inflows along with better-than-expected macro-economic figures will give a further push to the domestic market, which has already reached record levels.
NAA finds McDonald's franchisee Hardcastle guilty of profiteering
In its final order on the matter given on December 9, the NAA has held that Hardcastle Restaurants had resorted to profiteering by charging more price for some of its products even though GST on it reduced from 18 per cent of 5 per cent without input tax credit (ITC) with effect from November 15, 2017.
Gems, jewellery exports can now be couriered globally
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports.
'Good governance key to India's economic recovery post pandemic'
No global financial crisis has ever hit humanity as hard as Covid-19. The world, therefore, was caught ill-prepared when the pandemic struck. The situation, to say the least, is worse than a war. The situation in India is no different: In terms of the number of cases reported, it is second only to the United States.
GST taxpayers to get flexibility to decide on monthly tax payment
The new Quarterly Return and Monthly Payment Scheme (QRMP) will be introduced for GST taxpayers by the Central Board of Indirect Taxes and Customs (CBIC) before the end of the year. Instead of filing 12 returns at present, this will allow only 4 GSTR-3B returns during the entire year.
Afghanistan tops World Terrorism Index: Report
According to the report released on Saturday, in 2019, deaths from terrorism fell for the fifth consecutive year, after peaking in 2014, Khaama Press reported.
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