.jpg)
Digitisation ensures that people pay taxes: Paytm Chief
The Dollar Business Bureau Paytm chief Vijay Shekhar Sharma has recently shared his views on how his mobile app popularly known as Paytm can help India eradicate corruption. He said that digitisation would eventually end corruption because digital payments put an end to unaccounted money, making payment of tax on every transaction mandatory. Elucidating the scale of the problem, he also gave instances of corruption that are dime a dozen all over the country. Not even a simple business licence is issued in India without bribery making an appearance. The malice has become a norm in running of businesses, starting right at the bottom, at the grass route level. To be able to meet a bureaucrat, it is the peon whose pockets need to be filled ...
South Africa's Blue Label positive about India operations
The Dollar Business Bureau South Africa-based Blue Label is confident of a bright future in India even though it incurred a loss of over 26 million rand during the last fiscal. Despite registering a substantial loss in the previous financial year, the mobile wallet organisation added 5.4 million last fiscal, thereby taking its customer base to 22.6 million. The company is betting big on people without bank account in the domestic market. Blue Label Joint CEO Mark Levy said the company would manage to achieve its intended target through forging partnerships with companies such as the National Payments Corporation of India. Levy also informed that the company was planning to undertake further investment in India. "We're diversifying our product range. In order to do that, we ...
Indigenous currency papers, use of plastic cards to reduce imports, says Finance Minister
The Dollar Business Bureau Use of credit and debit cards instead of cash and manufacturing currency papers within the country, can help India reduce its imports of high-security papers, Finance Minister Arun Jaitley said on Tuesday. Speaking at a conference on “Indigenisation of Currency” held in New Delhi, the minister also advocated for the use of internet transactions through various payment gateways. Jaitley said that developed countries have already shifted towards using plastic cards and online payments and now it is time for India to follow suit. “The developed world has moved substantially to plastic currency and payment gateways. I think there is need for India and our determination is there to gradually take steps to move in that direction,” the minister ...
Scale of Application Fee and Procedure for Deposit/ Refund
Scale of Application Fee and Procedure for Deposit/ Refund of Application Fee/Penalty, etc. Scale of Application Fee for various services: SlNo Particulars ScaleofFee(inRupees) 1. Application for Importer Exporter Code No/I.Card Five Hundred 2. Application for Export License/ SCOMET items for restricted goods/ Free Sale&Commerce Certificate. One Thousand 3. Application for import License for restricted item/permission / certificate / Advance Authorization/ DFIA/EPCG Authorization Oneperthousandorpartthereofsubjecttoaminimum ofRs.FiveHundredandmaximum of RupeesonelakhonCIFvalue/duty saved amountof Authorization/license/permission. 4. Application for Duty credit scrip under rewards/incentive scheme. One Thousand 5. Application for grant of duplicate license/permission/certificate/scrip/I- Card Two Hundred 6. Application for a mendment/correction in license/scrip/Authorization/certificate/permission etc. Two hundred 7. Application for first revalidation of Authorization/scrip/permission/certificate/license for SCOMET etc. Five Hundred 8. Application for second revalidation of Authorization /scrip/permission/ certificate/license for SCOMETetc. Onethousand 9. Application for Enlistment as an authorized agency under Appendix2-E and Appendix 2-I of HBP Five thousand 10. Application for Certification Agency ...
