Karnataka, Centre to jointly compensate mango farmers, procure 2.5 lakh metric tonne from them
In the meeting, it was decided that Rs 4 per kg price differences will be provided to farmers ( Rs 2 each by the Centre and State) while procuring products, said the statement.
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Business Recorder
11 minutes ago
- Business Recorder
Spending via online apps: Pakistanis spent over Rs317bn in FY25, NA panel told
ISLAMABAD: The Federal Board of Revenue (FBR) Saturday informed the National Assembly Standing Committee on Finance that Pakistanis spent over Rs 317 billion on various online apps from tech giants including Meta, Apple, Netflix, etc, during 2024-25. According to a presentation ('Digital Presence' Proceeds Levy Act, 2025) given by FBR Chairman Rashid Mahmood to the committee on Saturday, the value of such transactions stood at above Rs 317 billion in 2024-25. Total number of transactions stood at 42,684,264 during this period. The federal government has introduced the 'Digital Presence' Proceeds Levy Act, 2025, which imposes a new tax on foreign vendors supplying digitally ordered goods and services to consumers in Pakistan. The tax rate has been proposed at 5 percent of the total amount paid. Mobile apps: SBP issues new guidelines for transaction security 'Foreign vendors providing e-commerce goods of services will be taxed for income tax at 5 percent under the said Act,' the bFBR Chairman said. The payment intermediaries including banks and financial institutions will collect tax on digital payments made to foreign vendors supplying goods or services into Pakistan. The committee considered the proposed amendments to The Digital Presence Proceeds Tax Act, 2025. After detailed deliberations, the committee recommended that the Bill may be passed with minor amendments by the National Assembly. The FBR Chairman informed that the FBR data revealed the spending spree covering a wide array of apps, from social media giants to online shopping websites and streaming services. Leading the charge is Facebook/Meta, with Rs. 12.3 billion in transactions. Data further revealed that Apple/iTunes saw the highest number of transactions (over 5.1 million), totaling nearly Rs 6 billion. The data revealed that the Google followed closely with 2.3 million transactions and a transaction value of Rs 5.94 billion. Subsequently, Ali Express made strong spending of Rs 4.9 billion in over 944,466 transactions. The Temu carried out worth Rs. 1.8 billion transactions whereas number of transactions stood at 376,745 during this period. Netflix witnessed 3.37 million transactions worth Rs. 2.79 billion. 'Other' online platforms had a total combined number of transactions at 28.6 million, totaling a staggering Rs. 281.4 billion. The committee considered the proposed amendments to the Islamabad Capital Territory (Tax on Services) Ordinance, 2001. After detailed deliberations, the Committee recommended that the amendments proposed in the Bill may be passed by the Assembly. The committee examined the proposed amendments to The Income Tax Ordinance, 2001. After detailed deliberations, the committee approved proposed amendments and suggested additional corrections and revisions to several clauses. Members/MNAs Omer Ayub Khan, Zeb Jaffar, Muhammad Usman Awaisi, Muhammad Jawed Hanif Khan, Dr Mirza Ikhtiar Baig, Dr Nafisa Shah, Sharmila Sahiba Faruque Hashaam, Muhammad Mobeen Arif, Usama Ahmed Mela, Shahram Khan, Shahida Begum, Sami ul Hasan Gilani Ali Zahid besides the Minister of Finance and Revenue, Minister of State, Secretary, Finance, Chairman FBR attended the meeting. Copyright Business Recorder, 2025
Time of India
22 minutes ago
- Time of India
Minister Santosh Lad assures action after children drown in lake
Pic: Labour minister Santosh Lad visits the bereaved family which lost two kids to drowning in a lake at Yarinarayanapura village in Kundagol taluk Hubballi: Labour and district minister Santosh Lad said that there are many lakes in the district, which are sources of drinking water. As a precautionary measure for the safety of people, officials have been instructed to construct retaining walls for these lakes. Speaking to reporters after offering condolences to the family whose children drowned in a lake recently at Yarinarayanapura village in Kundagol taluk on Saturday, Lad said that during the rainy season, lakes in rural areas fill up. The public and officials should take action in advance to prevent children from roaming around water bodies. Steps are being taken to build barriers for lakes in the district. A retaining wall will be constructed for the lake in Yarinarayanapura village, he informed. Sharifasab Chandukhan's sons, Muzammil and Mushir, from Yarinarayanapur village under Gudenakatti GP, died after drowning in a lake on June 19. Lad assured that he would personally meet the chief minister and request him to provide compensation to the family members from the CM's Relief Fund. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like (1) Your Antivirus May Require Activation Click Here Undo Lad said since the lake is very large, even after a barrier is built, parents should be careful not to let their children go towards the lake. "Anganwadi workers have been careful not to let children towards the lake, but children have been going near it. That is why this accident happened. The anganwadi centre located next to the lake in the village will be shifted. It is the responsibility of the parents and villagers to protect the children. It is necessary to pay attention to the anganwadi centres," he appealed. The Santosh Lad Foundation distributed Rs 4 lakh as compensation to the family of the deceased. MLA MR Patil, deputy commissioner Divya Prabhu, and other officials were present.
Time of India
37 minutes ago
- Time of India
Spirits in a box: Why new liquor shops in Noida are in a container
Noida: Delta 1 got the city's first liquor shop operating out of a 40 by 12 feet prefabricated container in April after UP amended its excise policy earlier this year, taking a leaf out of Haryana and Punjab, to make business operations easier and plug revenue leaks. Under the new policy, introduced on Feb 13, licensees are allowed to set up prefabricated containers for shops on private or govt land, provided they met the guidelines under UP Excise Shops Number and Location (Amended) Rules, 1968. Clause 5.16 (17) of the new policy specifically permits such setups in urban and industrial authority zones, including Noida, Greater Noida, YEIDA and Mandi Samiti, against a rent fixed by local officials. District excise officer Subodh Kumar said the move aims to curb illegal, makeshift operations and bring them under a regulated, tax-paying framework. "Haryana has already implemented this model. We saw vendors in UP starting to do the same informally, which led to revenue loss. Legalising it helps the govt ensure proper tax collection," he said. In Gautam Budh Nagar alone, 16 out of the 501 new liquor licences issued this year opted for container setups — 12 in Noida and four in Greater Noida. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트, 지금 시작하세요 [자세히 보기] 임플란트 더 알아보기 Undo However, turning policy into practice has proven complicated. Zoning restrictions, reluctance from landlords, and rising rental prices have left many licensees struggling to find appropriate commercial space. "There's a shortage of commercial units in Noida, and landlords are often unwilling to rent to liquor vendors. Some demand exorbitant prices, others outright refuse," Kumar added. To ease implementation, the district magistrate wrote to Noida and Greater Noida authorities in May, urging them to identify suitable plots for prefabricated liquor outlets. But no formal response has been received, according to officials, although informal discussions are ongoing. A first-time licensee, who previously ran a shop in Lucknow's Hazratganj, said he was forced to rent land from a farmhouse owner at Rs 75,000 per month. "Every commercial unit I checked was within 50 metres of a residential building, which is against the rules. I applied to the Authority for permission to install a container, offering to pay rent. But when no reply came, I had no choice but to use a private plot," he said. Similar stories are emerging from Greater Noida. In Delta 1, another vendor found refuge on a commercial plot owned by a private builder near the metro station. "In April, when I was supposed to start operations, I couldn't find a space. Eventually, I set up the container on private land after reaching an agreement with the builder," he said. Despite the early hurdles, the move has long-term potential. Greater Noida Authority's additional CEO Prerna Singh said the matter will be taken up at the next board meeting. "We are looking at the policy's revenue potential. Prefabricated shops can be a regulated source of income for the Authority. We will explore incorporating these provisions into our bylaws." Excise officials stress that licensees are not just traders but partners in ensuring state revenue. "For every Rs 1 lakh in liquor sales, Rs 70,000 goes to the govt," said a vendor. "We want to comply — but the system has to work with us." While the policy offers greater flexibility to vendors and promises more revenue for the state, it has not been without friction on the ground. Earlier this week, Noida Authority dismantled a container-based liquor shop in Sector 129 following complaints from residents.
