Liquor sales hit by excise policy, complex rules

Source: The Economic Times, Apr 19, 2018

NEW DELHI: Heading out for drinks at your favourite watering hole in Gurugram, Noida or Delhi? You may return disappointed. Last April, the Supreme Court’s ban on the sale of liquor near highways had hit restaurants, hotels and bars.

Although the curbs were subsequently modified to exempt places that served liquor, restaurateurs now say their businesses are getting hit by new excise policy and licence norms, which have led to a scarcity of liquor supply in some states. “We are working with various state governments and we are going through a tough time, especially in states like Delhi, UP and Haryana,” said Rahul Singh, president of the National Restaurant Association of India and owner of the Beer Café.

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Data storage norm splits digital payments industry

download (2).jpgSource: The Economic Times, Apr 18, 2018

NEW DELHI | BENGALURU: India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.

In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.

“We are trying to build a consensus on the issue,” said the person adding that the representation to the central bank will be ready this week.

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World’s best performing department store this year is in India

Source: ETRetail.com, Apr 13, 2018

NEW DELHI: The allure of India’s consumer stocks is getting stronger.

Jefferies India Pvt. joins a growing chorus of bulls on the producers of staples and branded goods. Its picks in the sector include V-Mart Retail Ltd., whose stock-market performance has made the company the world’s best-performing department stores chain this year, according to data compiled by Bloomberg.

Shares of V-Mart, which runs medium-sized stores that sell clothes, accessories, footwear and everyday staples, have risen 10-fold since they began trading in February 2013. While equities have been whipsawed for much of this year, the company’s shares are up 47 per cent — the most among 105 department-store firms globally with a minimum market value of $200 million.

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Big push for digital courts in India

Source: Financial Express, Apr 16, 2018

New Delhi: With an aim to fast-track the disposal of pending cases, the government has been going for major transformation of court rooms into digital, paperless entity, according to The Indian Express report. So far, 342 jails and 488 district courts have got the facilities. A staggering 14,249 courts will these facilities under the central government’s E-courts Mission Mode Project. These courts will get local area networks, computer hardware and tandard application software, according to reports. Over 2.68 crore cases are still pending in several courts. However, judges, officials and legal researchers asserted that the change is visible.

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Government eases norms for obtaining PAN/TAN card for corporate assessees

downloadSource: Business Standard, Apr 14, 2018

New Delhi: The government on Saturday said the Certificate of Incorporation (COI) issued by the Ministry of Corporate Affairs (MCA) is adequate proof of Permanent Account Number (PAN) or Tax Deduction and Collection Account Number (TAN) for a company.

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Govt mulls policy to push virtual varsities via tablets, big screens

Source: Business Standard, Apr 11, 2018

New Delhi: The government is framing a policy for virtual universities, to push for dissemination of education through digital means such as tablets, computers and big screens in classrooms.

Source said a draft policy had been prepared by the Ministry of Human Resource Development in consultation with the Ministry of Electronics and Information Technology (IT). The idea for this policy has its source in Digital India, the government’s flagship programme to digitise different sectors such as health, government services, social services, and finance.

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Commercial seaplane service set to become reality soon: Govt

Source: The Economic Times, Apr 10, 2018

NEW DELHI: Commercial seaplane service connecting smaller towns in the country is set to become a reality soon as a proposal in this regard has been found “feasible” and the Directorate General of Civil Aviation (DGCA) would come out with a set of regulations within 45 days, the government today said.

Civil Aviation Secretary R N Chaubey said single engine twin pilot planes would operate only between those routes which would be within the “gliding time” of the aircraft.

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