Rapido, India’s leading commute app renowned for its multimodal services, including bike-taxis, autos, and cabs, has launched its innovative SaaS model for Auto Captains. With this strategic move, Rapido shifts from aggregator commission-led model to introduce a lifetime Zero Commission for auto captains, reducing the burden of exorbitant commission rates and empowering them to take control of their earnings. Under[Read More…]
A member of the National Road Safety Council has advocated for the mandatory installation of high-security registration plates (HSRP) on all vehicles in Maharashtra. It is noted that vehicles registered since April 1, 2019, are already equipped with HSRP. HSRP’S IMPORTANCE | Replacing all number plates with HSRP is necessary as organized crime is facilitated by counterfeit number plates it[Read More…]
The move aims to cut down road maintenance costs and improve the quality of construction, thereby reducing mishaps The Ministry of Road Transport and Highways is considering extending the defect-liability period for engineering procurement construction (EPC) contracts from 5 to 10 years. The aim is to reduce road maintenance costs for the government and improve construction quality, which will[Read More…]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Toyota Kirloskar Motor on transfer pricing adjustment relating to royalty payments made to Toyota Motor Corporation, Japan, and Toyota Motor Asia Pacific, Singapore. However, in a verdict last month, the appellate body dis- missed Toyota Kirloskar’s appeal against the payment of dividend distribution tax (DDT) using the[Read More…]
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