Economy

DGCA fines Akasa Air ₹10 lakh for violating compensation rule

Directorate General of Civil Aviation (DGCA) has fined Akasa Air ₹10 lakh for not compensating seven passengers who were denied boarding on a Bengaluru-Pune flight on September 6. The regulatory action follows a routine surveillance inspection which revealed a service deficiency and violation of rules by the airline. According to the DGCA order, Akasa denied […]

Sri Lanka central bank fines Indian Bank

CHENNAI: The Central Bank of Sri Lanka has penalised state-owned Indian Bank for failing to conform to the provisions of Financial Transactions Reporting Act. It has imposed a penalty of Sri Lankan rupees 2 million, which is approximately Rs 5.8 lakh, Indian Bank told bourses. Source link

MCM fines developers ₹65 lakhs for flouting Grap

The Municipal Corporation of Manesar (MCM) has issued a penalty of ₹50 lakh against a developer for not stopping construction activities at its project site in Sector 79, officials said on Wednesday, highlighting recent action taken against those violating pollution-control measures. MCM officials during their crackdown on Wednesday. (HT Photo) Six other projects, including concrete […]

EU fines Meta nearly €800 million for ‘abusive’ practices benefiting Facebook marketplace

The European Commission on Thursday fined Meta nearly €800 million for breaching antitrust rules by giving Facebook users automatic access to Facebook Marketplace, benefiting the platform through “abusive practices”.The €797.72 million ($840.24 million) penalty follows a prolonged investigation, which concluded that Meta had abused its dominant market position and engaged in anti-competitive conduct.What the European […]

Economy

Centre doubles fines for stubble burning

The Centre has doubled the fine for farmers burning crop residue in view of the deteriorating air quality in the Delhi-NCR region, the penalty going up to ₹30,000 for those with more than five acres of farmland. According to the notification, which was published on Wednesday and comes following the Supreme Court’s tough stance on […]