I-T raids on loan agent raise kickback concerns

I-T raids on loan agent raise kickback concerns

[ad_1] NEW DELHI: Income tax raids on a direct selling agent (DSA) for loans of NBFCs and private banks in Hyderabad have blown the lid off suspected kickbacks to bank and company executives by the agency and raised calls for a nation-wide check on an industry-wide practice.The loan agent, booking revenue, mainly via commissions, of…

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Government banks on homegrown cos to push EVs

Government banks on homegrown cos to push EVs

[ad_1] NEW DELHI: Six months after launching the EV policy, allowing lower duty imports for companies that commit to make in India, the government has decided against aggressively courting the likes of Tesla, VinFast, Mercedes and BMW due to lukewarm response to the regime. Besides, lobbying by Indian players that have invested in creating a…

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