Page 12 - Banking Finance March 2023

ROUNDUP

go of more than 20,000 workers. The ondary market stood at Rs. 7 crores in "It is also seen from the orders... that
Survey also said that the rate of job CY22, an increase of 59% YoY. various refunds were issued subse-
creation by start-ups in 2022 was 64 quently between November 2019 and
NSE is expected to shortly begin the
per cent higher than the average of November 2020 on the ITD system af-
Social Stock Exchange as segment sub-
the previous three years. ter manipulating and increasing the
ject to regulatory approvals. This
amount of tax deducted at source as
Overall, labour markets and employ- would enable 'Social Enterprises' par-
against the genuine claim of TDS made
ment recovered beyond pre-Covid lev- ticularly the Non-Profit Organisations
by the said company," said the FIR.
els, and the increase in the women to showcase their work to a wider au-
workforce and the decline in school dience and mobilise funds through is-
dropouts will aid in socio-economic suance of instruments, such as Zero Air India offers share ben-
development, the Survey said. Coupon Zero Principal Bonds, facilitate
efit scheme to employees
participants to participate in philan-
According to a survey conducted by
Air India has initiated an Employees
thropic causes and bring in efficiency
the Labour Bureau, manufacturing had Share Benefit Scheme, under which
and transparency in the overall ecosys-
122.5 lakh employees, education came permanent employees can purchase
tem.
in second with 69 lakh, and IT/BPO
equity in the airline. This is not an
employed 38.3 lakh people during Janu-
employee stock option scheme (ESOP),
ary-March 2022. Officials booked for al-
Air India clarified.
leged fraudulent income All permanent employees of Air India
NSE is now the 3rd largest and Air India Express appointed before
tax refund of Rs.263 crore
exchange in equity trading January 27, 2022, the date of takeover
The Central Bureau of Investigation
by Tata Sons, will be eligible for the ESB
National Stock Exchange of India (NSE) has booked an Income-Tax Department
scheme.
has emerged as the 3rd largest exchange inspector, a Mumbai-based company
in the world in the equity segment by the and four others for alleged fraudulent "In accordance with the share pur-
number of trades (electronic order book) refund of Rs. 263 crore. chase agreement signed as part of the
in 2022, an advancement from the pre- disinvestment process, Air India has
Among those named in the FIR are
vious year when it ranked 4th as per sta- initiated the Employee Share Benefit
Income-Tax official, Tanaji Mandal
tistics maintained by the World Federa- Scheme for eligible employees who
Adhikari, VJM Media Private Limited,
tion of Exchanges (WFE). were in service with the airline on the
which is now known as Blitz Multime-
date of privatisation," said a spokes-
NSE has also maintained its position as dia Private Limited, Bhushan Anant
person from Air India.
the world's largest derivatives ex- Patil, Rajesh Mathani, Asish
change in 2022 by the number of con- Mehdiratta and Daywind Enterprises Employees can purchase up to 3% eq-
tracts traded based on statistics main- Private Limited. uity or 979 million shares at `0.27 per
tained by Futures Industry Association share. News agency PTI said quoting a
The case has been registered on a
(FIA), a derivatives trade body. source that the price is at a discount
complaint from the Central Board of
compared to the book value of `0.87-
The calendar year witnessed the Direct Taxes. The Income-Tax Depart-
benchmark equity index - the Nifty 50 ment had earlier received a tip-off 0.9 per share at the time of the acqui-
touching lifetime high of 18,887.60. about bogus issuance of refunds in the sition.
Significant strengthening in liquidity case of Blitz Multimedia Private Lim-
was witnessed in most of the product ited for 2007-08 and 2008-09. Women constitute one-
categories, including equity, equity On examining the documents, the au-
third of Internet users in
derivatives, and currency derivatives. thorities detected the alleged irregu-
India: Study
In the equity segment, Exchange larities. While for 2007-08, the re-
Traded Funds (ETFs) daily average turn- funded amount was over Rs. 55.98 Women constitute only one third of
over stood at Rs. 470 crores in CY22, crore, for the following year, the fig- internet users in India, said a study
an increase of 51% YoY. Sovereign Gold ure stood at more than Rs. 207.81 conducted by NGO Oxfam India. Ac-
Bonds daily average turnover in sec- crore. cording to 'India Inequality Report

BANKING FINANCE | MARCH | 2023 | 11