Latest news with #ECS
Daily News Egypt
18 hours ago
- Business
- Daily News Egypt
ECS strengthens trade, investment ties between Egypt, Russia
The Egyptian Commercial Service (ECS) in Moscow recently held a high-level meeting with Nonna Kagramanyan, Vice President of Business Russia, along with representatives from the association and several major Russian companies, to explore ways to enhance bilateral trade and investment. Kagramanyan underscored the strategic importance of economic relations between Egypt and Russia, noting that many member companies of Business Russia already maintain active partnerships in the Egyptian market. She emphasized the mutual benefits of further cooperation and highlighted the association's role in supporting specialized Russian entities involved in establishing the Russian Industrial Zone in Egypt—a project expected to unlock significant investment opportunities for Russian businesses. Ahmed Shoukry, Minister Plenipotentiary for Commercial Affairs and Head of the ECS in Moscow, provided an overview of Egypt's evolving business climate. He presented key investment opportunities across priority sectors such as renewable energy, water desalination, transportation, and automotive manufacturing. Shoukry also proposed a coordination framework between ECS and Business Russia to facilitate targeted collaboration with member companies. On the sidelines of the meeting, the ECS held direct discussions with several leading Russian firms operating in the iron and steel industry as well as agricultural products, exploring specific avenues for cooperation. Business Russia—established in 2001—is among the country's most influential business associations, representing over 10,000 companies across a wide array of industrial sectors. The organization operates 85 regional offices across the Russian Federation and 28 specialized industrial committees. The meeting comes at a time of growing Egypt–Russia economic ties. Bilateral trade surged by 32% in 2024, exceeding $9bn. Both countries are actively negotiating a free trade agreement between Egypt and the Eurasian Economic Union, and continue to advance the ambitious Russian Industrial Zone project in the Suez Canal Economic Zone, which is expected to attract over $7bn in investments and generate approximately 35,000 jobs. Russia remains a pivotal partner in Egypt's development agenda, particularly through its involvement in major infrastructure projects such as the Dabaa nuclear power plant—financed by a $25bn loan—and the forthcoming industrial zone.
Hindustan Times
a day ago
- Business
- Hindustan Times
ICICI Bank minimum balance: Check penalty rates for non-compliance
ICICI Bank, India's second-largest private bank, has sharply increased the minimum monthly average balance (MAB) requirement for savings accounts opened in metro and urban areas from ₹10,000 to ₹50,000, effective August 1 2025, according to news agency ANI report. ICICI Bank has raised the minimum balance for savings accounts from August 2025. (REUTERS) The increase is significant across all areas. For semi-urban branches, the new MAB has risen to ₹25,000 from ₹5,000. For rural branches, the requirement has gone up to ₹10,000 from ₹2,500. Minimum balance rule and penalty charges at ICICI Bank The minimum monthly average balance is the least amount a customer must keep in his/her account each month. If the balance falls below this, banks charge a penalty. ICICI Bank says it will charge a penalty of 6% of the shortfall or ₹500, whichever is lower. ICICI Bank is the first to raise the MAB this steeply. However, these charges are waived if the customer meets the conditions of an enrolled programme. For Family Banking, the family must together keep 1.5 times the programme's eligibility amount. If not, members who don't meet their own MAB will be charged individually. Pensioners do not have to pay these charges. The bank will charge ₹500 per instance for ECS/NACH debit returns due to financial reasons, with a maximum of three charges per month for the same mandate. For outward cheque returns (cheques deposited by customers), a fee of ₹200 per instance will apply if returned for financial reasons. Inward cheque returns (cheques issued by customers) will incur ₹500 per instance for financial reasons and ₹50 for non-financial reasons, excluding signature verification. Also Read: ICICI Bank raises minimum balance for savings accounts from ₹10,000 to 50,000 If a transaction at another bank's ATM or a point of sale (POS) terminal is declined because of insufficient balance, a ₹25 fee will be charged per instance. Several public sector banks waive minimum balance penalties Banks that have stopped charging these penalties this year include Canara Bank, Bank of Baroda, Punjab National Bank, Indian Bank, Bank of India, and Central Bank of India. State Bank of India, the country's largest lender, has not charged penalties for low balances since March 2020.
&w=3840&q=100)
Business Standard
01-08-2025
- Business
- Business Standard
Waiting for your IT refund? Here's a step-by-step guide for you
If you've filed your Income Tax Return (ITR) for Assessment Year 2025-26 and are now waiting for your refund, you can easily check its status online. The Income Tax Department allows taxpayers to track their ITR refund through its official e-filing portal. Here's a step-by-step guide based on the latest directions from the Central Board of Direct Taxes (CBDT). Where to check refund status There are two ways to check your refund status: Through the income tax e-filing portal. On the website of the refund banker, i.e., NSDL (now part of Protean eGov Technologies). However, the most detailed and updated status is usually available on the e-filing portal itself, according to the Income Tax Department. Step-by-step guide on the e-filing portal Go to Click on 'Login' and enter your PAN, password and captcha Once logged in, go to 'e-File' > 'Income Tax Returns' > 'View Filed Returns' Select the relevant Assessment Year (2025–26) Click on 'View Details' to check your ITR status Scroll to the 'Refund Status' section to view the refund processing stage This section will show whether your refund has been issued, is under process, or has failed due to incorrect bank details. Refund issued but not received? In many cases, refunds are delayed or fail due to bank account validation issues. CBDT advises taxpayers to ensure that the bank account provided for receiving the refund is: Pre-validated -Linked to the PAN -Enabled for Electronic Clearing Service (ECS) If the refund has been processed but not credited, you can raise a refund reissue request through the same portal. Keep an eye on your messages Taxpayers also receive email and SMS updates from the Income Tax Department once the refund is credited or if there's a delay due to technical issues. So, make sure your contact details in the e-filing profile are up to date. Refunds are typically issued within 20-45 days of successful ITR processing. But timelines may vary depending on the complexity of your return and bank validations.
Time of India
30-07-2025
- Business
- Time of India
Delhi set to allow women to work night shifts at shops, commercial establishments
In a major reform aimed at transforming Delhi into a round-the-clock business hub, Chief Minister Rekha Gupta on Tuesday approved a proposal to allow women to work night shifts at shops and commercial establishments. "This is a significant step towards making Delhi a 24x7 business hub," Gupta said, adding that the decision would not only boost women's participation in the workforce but also improve the ease of doing business in the capital. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity CXO Management Digital Marketing Others MCA Public Policy Artificial Intelligence Finance Healthcare Product Management Project Management Design Thinking MBA PGDM Technology Leadership Operations Management healthcare Data Analytics Data Science Data Science Degree Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details Officials said the proposal had earlier been discussed with Lieutenant Governor VK Saxena and has now been sent to him for formal approval. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote The move involves amending key provisions of the Delhi Shops and Establishments Act , 1954—notably sections 14, 15, and 16—which currently restrict women from working between 9 pm and 7 am during summers, and between 8 pm and 8 am in winters. Gupta said several states, including Haryana, Telangana, Madhya Pradesh, and Tamil Nadu, already permit night shifts for women. 'It is time for Delhi to follow suit,' she said. Live Events According to a statement issued by the Delhi government, the proposed changes will be accompanied by strict safeguards to ensure the safety and dignity of women employees working during night hours. These include: Mandatory transport arrangements for women working night shifts CCTV surveillance at all commercial establishments Deployment of security guards Written consent from women employees before assigning night duties Compliance with workplace safety norms Internal committees under the Prevention of Sexual Harassment of Women at Workplace Act Essential facilities such as toilets, restrooms, and lockers for women The state government also said that wages must be paid through bank transfers or ECS, and all statutory benefits should be extended to night shift employees.
Time Business News
14-07-2025
- Business
- Time Business News
Safety First: How Advanced Electrical-Safety Training Slashes Accident Rates and Boosts Your Employability
Electrocution is not an abstract risk. The Electrical Safety Foundation International (ESFI) still logs 4,000 fatal electrocutions and more than 30,000 non-fatal shock injuries every year worldwide. In the UK alone, the Health and Safety Executive lists contact with electricity as a top-five cause of construction deaths. Faced with eye-watering insurance premiums and tighter CDM requirements, employers now insist their sub-contractors hold more than a basic ECS card; they want verifiable evidence of arc-flash mitigation, LV-rescue competence and GS38 lead integrity. Elec Training Birmingham has built a three-module Safety Suite that bolts onto any core electrician course or NVQ programme. Complete it and you earn a QR-coded digital badge that hiring portals can scan in seconds—proof you understand risks that scare insurers most. Better yet, every task maps to the 'Maintain Safe Working Practices' unit of the Level 3 NVQ, so time spent sharpening safety skills doubles as portfolio evidence. When picking your electrician training provider always read their reviews, this helps finding best value for money. Standard apprenticeship syllabi cover safe isolation, BS 7671 shock-protection measures and RCD theory, yet many do not deep-dive into: Arc-flash energy calculations for 400 V switchboards. for 400 V switchboards. Insulation-lead MOTs —finding nicked probes before they nick you. —finding nicked probes before they nick you. Live-rescue drills—practising a one-person pull-off under timed conditions. Site managers then layer their own toolbox talks on top, but patchwork CPD is easy to miss. As a result, recall notices and close-call reports keep climbing. A single arc-flash hospitalisation can trigger insurance excesses topping £80 k and months of project delay. Learners isolate live cut-out heads, tag out, issue permit-to-work forms and run a timed LV-rescue drill using a full-body manikin. Video evidence is captured for NVQ upload. Calculate cal/cm² for a 400 A board, choose the correct Category 2 or 4 suit, then watch slow-motion footage of real incidents. The visual hit cements respect for 8.6 ms of chaos a book paragraph never conveys. Strip probes, inspect crimps, perform 1 kV insulation tests on the leads themselves, and verify GS38 tip lengths. Learners leave with a printed sticker log for their own toolboxes. All three units run back-to-back or as evening micro-modules. Each ends with a formative quiz and a competence sign-off. Upon completion, graduates receive a blockchain-verified PDF and a QR code for helmets or CVs. Contractor portals recognise the metadata: module title, issue date, assessor signature. The badge streamlines induction—no digging through filing cabinets for certificates, no lost paperwork excuses. The Level 3 NVQ's Unit 311—'Maintain Safe Working Practices'—requires: NVQ Element Safety-Suite Evidence Identify hazards & assess risk Completed arc-flash energy worksheet Use correct PPE Photos in Cat 4 suit + visor Follow isolation procedures Video of live lock-off & permit issuance Provide emergency response Timed LV-rescue drill scored by tutor Assessors love concrete artefacts; insurers love reduced claim risk. Learners love ticking off a whole NVQ unit in two and a half days. Premium reductions – One national contractor's insurers cut liability premiums 6 % after the firm mandated QR-badge safety clearances. – One national contractor's insurers cut liability premiums 6 % after the firm mandated QR-badge safety clearances. Fewer stoppages – Near-miss reports at a data-centre project fell 28 % month-on-month post training. – Near-miss reports at a data-centre project fell 28 % month-on-month post training. Faster inductions – Digital badges trimmed site-gate onboarding by 15 minutes per operative, saving 40 labour-hours over a 12-week fit-out. Do I need to redo my 18th Edition if I take this? No. Safety Suite is CPD and counts toward the five-year refresh many scheme providers recommend. Will it delay my NVQ timeline? It accelerates it. The evidence generated fills an entire unit without extra site visits. What if my grammar is poor in the risk assessment? Assessors judge safety clarity, not semicolons. A misspelled 'insulation' won't fail you—omitting PPE will. Delivery formats: consecutive weekdays, three week-nights, or one weekend block. consecutive weekdays, three week-nights, or one weekend block. Cost: £425 full suite; Skills-Bootcamp discounts possible for green-tech learners. £425 full suite; Skills-Bootcamp discounts possible for green-tech learners. Tools: Centre supplies live boards, PPE and calibrated testers—bring steel-toe boots. Digital badges and portfolio PDFs arrive within 48 hours of final assessment. Statistics prove rigorous training cuts accidents. By embedding advanced safety into your electrical training, you not only protect your own body but also elevate your CV above sparks who rely on outdated toolbox talks. Book a safety-first module at Elec Training Birmingham, upload the evidence, and let clients see a QR badge that says, 'This electrician takes risk seriously.' Profit follows protection—every time. TIME BUSINESS NEWS
