Business

Two Lakh Annually For Mobile To Top Officials Of Pnb

PNB: Top officials of state-run Punjab National Bank will get Rs 2 lakh every year for mobile handsets. It does not include GST. This decision has been taken under the Staff Welfare Benefits Rules. This will include MD and Executive Director. The new rule is effective from April 1, 2022.

The bank has 4 executive directors. Along with this, its Chief General Managers will get Rs 50,000 annually and General Managers will get Rs 40,000 annually for mobile handsets. In 2020, the bank bought 3 luxury cars Audi for top executives. Under the new rule, now CGM will get a car worth Rs 15.50 lakh. Earlier it was Rs 12 lakh limit. Whereas GM has been increased from Rs 9 lakh to Rs 11.50 lakh car.

One lakh fine for illegal publication of import-export data

The Finance Ministry said that the illegal publication of import-export data would be a crime. However, a person committing such an offense can avoid trial by paying a settlement amount of one lakh rupees.

Section-135AA has been added to the Customs Act in the Budget 2022-23. Under this, unauthorized publication of price or quantity information relating to import or export shall be a compoundable offense. It can be punishable with imprisonment of up to six months or a fine of Rs 50,000.

then the penalty amount will increase by 100%

The Central Board of Indirect Taxes and Customs, citing the amendments to the rule, said, on the first offense, a person will have to pay a compounding fee of Rs one lakh. After this, this amount of fine for every offense will be increased by 100 percent.

RBI lifts ban on American Express

RBI on Wednesday lifted restrictions on American Express Banking Corporation. allowed him to add new domestic customers. The restriction on storage of payment system data has been lifted in view of satisfactory compliance, the central bank said.

Adani Green second Asian company in terms of the highest debt

Among the seven listed companies of the Adani Group, Adani Green Energy has a debt-to-equity ratio of 2,021 percent. The company ranks second in Asia in terms of bad debt. In the first place is China’s Dtang Electric Power, which has a debt of 2,452 percent. In terms of high debt, KSK Power is third, China Zenith Chemical fourth and Lough Gas fifth.

Rs 10,000 fine on Zomato

Chandigarh Consumer Disputes Redressal Commission has ordered Zomato to provide free pizza to the customer for Rs 10,000. Zomato canceled the customer’s order of Rs 287 in 2020 and refunded the money. Thereafter the customer complained about the commission.

Insolvency Process at Future Enterprises

Retail Diesel India has filed a petition in the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Future Enterprises. In this, the company is accused of default of 4.02 crores.

Maruti recalls 166 DZire cars due to airbag defect

Maruti Suzuki India has recalled 166 DZire Tour S cars from the market to replace a faulty part (control unit) in the airbag. These cars were manufactured between August 6 and 16 this year, the company said on Wednesday. This error will be rectified for free. Therefore, the customer should not drive these vehicles till the fault is rectified.

 

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