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DCC for review of Airtel, Voda fine amount

DNMUM437873 | 6/18/2019 | Author : DNA Money Correspondent | WC :271

New Delhi: Digital Communications Commission (DCC) on Monday approved the imposition of penalty on incumbents Bharti Airtel, Vodafone and Idea Cellular (now Vodafone Idea) for not providing points of interconnection (PoIs) to Reliance Jio.
The Commission did not approve of Rs 3,050 crore penalty as suggested by Telecom Regulatory Authority of India (Trai) and referred it back seeking fresh views on the penalty amount, considering financial stress in the telecom sector. An amount of Rs 1,050 crore was imposed as a penalty by Trai on both Airtel and Vodafone India, while another Rs 950 crore was imposed on Idea Cellular. Vodafone India and Idea Cellular have merged their operations into a single entity Vodafone Idea.
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RBI not to allow teaser loans in repo rate regime
DNMUM443150 | 9/19/2019 12:00:00 AM | Author : Manju AB | WC :557

Reserve Bank of India (RBI) is unlikely to allow banks to launch teaser loans, which attract homebuyers with lower rates of interest at the start that increase during the remaining tenure of the loan, an official familiar with the development said

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Panel formed to spruce up NCLT, Companies Act
DNMUM443151 | 9/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :272

New Delhi: The government on Wednesday constituted a panel headed by Corporate Affairs Secretary Injeti Srinivas to suggest measures to de-clog and improve the functioning of the National Company Law Tribunal (NCLT) and make recommendations on variou
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GST committee rejects rate cut for cars, biscuits
DNMUM443152 | 9/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :397

The fitment committee under the Goods & Services Tax (GST) Council has rejected the demands for a tax rate cut on cars and biscuits, while recommending tax relief for the hotel industry. The GST Council is scheduled to meet on Friday in Goa.Th

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MCD-Bakshi deal hits NCLAT wall
DNMUM443153 | 9/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :135

Mumbai: There is a new twist to the settlement deal reached by global quick-service restaurant major McDonald’s and its estranged Indian partner Vikram Bakshi over the sale of the latter’s shares in Connaught Plaza Restaurants Ltd (CPRL). The Nationa
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