Paytm could be spending big money for its insurance debut

June 3, 2019

Paytm which has made its mark in the Indian digital payments space is reportedly looking at acquiring insurtech startup Coverfox for a whopping $120 million, reported ET. The reports say that the talks are in early stages, still. Paytm founder and CEO Vijay Shekhar Sharma had earlier told Business Insider in an interview of their plans to expand financial offerings. “This year, we plan to double down on payments to…

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It’s Official, US Has Made It Mandatory For Visa Applicants To Declare Social Media History

June 3, 2019

As part of the enhanced screening process of visa applicants, the US Administration has made it mandatory for nearly all applicants to submit their social media details under new rules by the State Department. It was originally proposed last year as part of the ‘extreme vetting’ process of the Trump Administration. Authorities estimated the proposal would affect 14.7 million people annually including those travelling to the US to work or…

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Tax Deducted At Source (TDS) Statement Filing Deadline Just Three Days Away, 10 Things To Know

June 3, 2019

Only three days are left to e-file the statement of TDS (tax deducted at source) for the last quarter of financial year 2018-19, which ended on March 31. Filing the TDS statement after the due date, which is May 31, 2019, will invite a late fee of Rs. 200 per day and a penalty up to Rs. 1,00,000, the Income Tax Department said on Twitter. However, the Income Tax Department…

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Google Pay Is Not Authorized For Payments, How Can They Operate In India – Delhi HC

June 3, 2019

In a twist of events, Delhi High Court has asked Reserve Bank of India, regarding the legality of Google Pay’s operations in India. They have asked them that when Google Pay, also called as GPay is not authorized to operate as a digital payments provider, how are they operating in India. PIL Filed Against Google Pay In Delhi High Court This question came up during a hearing at Delhi High…

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Income Tax Slabs: Check out income tax rates for AY 2019-20 before filing ITR

June 3, 2019

The last date to file one’s income tax return for the financial year 2018-19 or the assessment year 2019-20 is July 31, 2019, unless extended by the government. While the total income, after taking into account the deductions, if any, is exempt from income tax up to a limit of Rs 2.5 lakh per annum, any income above that is taxed. However, taxation is slab based and also depends on…

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Zomato now delivers to more than 300 cities, adds 100 cities in just 2 months

June 3, 2019

For those living in India’s small towns, for instance, Junagadh in Gujarat, Rishikesh in Uttarakhand or Jalna in Maharastra and yearning for their favourite food home delivered would now have Zomato fulfilling it. Swiggy-rival and Alibaba-backed online food discovery and ordering startup Zomato has now expanded its food delivery service to more than 300 cities in India, up from over 200 at the beginning of April this year. On the…

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Bombay High Court Upholds Death Penalty Clause For Repeat Rape Convicts

June 3, 2019

MUMBAI: The Bombay High Court Monday upheld the Constitutional validity of an amended section of the Indian Penal Code under which repeat offenders in rape cases can be awarded life imprisonment or death penalty. A division bench of Justices B P Dharmadhikari and Revati Mohite Dere dismissed petitions filed by three convicts in the Shakti Mill gang rape case challenging Constitutional validity of the legal provisions under which they were…

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