Top Headlines: Unrealistic deadlines for EVs, Mistry’s demise, and more – EQ Mag Pro
Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.
Amid increased scrutiny of fantasy gaming and online gaming apps, the CBDT has unearthed that participants in the activities of an Indian gaming company have won Rs 58,000 crore over the past three years. Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday. Read more on these in our top headlines.
Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app
Amid increased scrutiny of fantasy gaming and online gaming apps, the Central Board of Direct Taxes (CBDT) has unearthed that participants in the activities of an Indian gaming company have won Rs 58,000 crore over the past three years. At 30 per cent tax plus penalties, the winners have to pay about Rs 20,000 crore, CBDT Chairman Nitin Gupta told Business Standard. Read more
‘Unrealistic’: Electric vehicle makers on new safety features deadline
All the additional safety requirements for electric vehicles (EVs), including those for batteries, proposed by the government cannot be implemented with immediate effect, according to EV makers. They claimed those measures can only be in a phased, time-bound manner. The new standards — according to a draft notification issued by the Ministry of Road Transport & Highways (MoRTH) on Thursday — are to be implemented from October 1.
Source: PTI
