Orders are drying up for textile exporters because of rupee appreciation relative to the dollar and the weakening of competing currencies such as the euro
Month: August 2017
Unmasking shell companies: How to tighten the screws | Business Standard Column–19.08.2017
Two recent events, though unrelated, could have wide-ranging impact going forward on the abuse of shell companies for money laundering and tax evasion. The first
Vishal Sikka ought to have heeded Infosys promoters’ request | Business Standard News–19.08.2017
Infosys board on Friday was all praise for the outgoing CEO for the services rendered. We differ in our assessment. Though Vishal Sikka delivered better
Video: Demystifying GST | Business Line –19.08.2017
What is Goods and Services Tax? Is it better for us or worse? Why do they say it’s ‘one nation one tax’, when there are
Income tax returns: I-T plans to pursue property-holders who have never filed income tax returns–Economic Times–18.08.2017
Income tax authorities plan to pursue those who have properties in their name but haven’t ever filed income tax returns on the suspicion that these
GST return filing: Govt extends GST return filing deadline for cos who want to claim credit for past taxes–Economic Times–18.08.2017
There is no clarity on revision of TRAN 1 and there would be interest implications in case of excess credit claim hence, most taxpayers would
Doubling of minimum wages to hit exports, jobs: AEPC–Economic Times–18.08.2017
Minimum wages in the garment industry if doubled to Rs 18,000 per month will jack up costs, hit exports and lead to job losses, a
India China Trade War: Why India must take China’s warning of a trade war seriously–Economic Times–18.08.2017
India has not taken Chinese bullying over Doklam seriously. For the last several weeks, China has been warning of helping insurgents in India, invading border
How to help bankrupt realtor’s customers–Economic Times–18.08.2017
How can home buyers who have made payment in full or in part be given their homes? The assets now belong to the banks. If
India Inc struggles | Business Standard Editorials–18.08.2017
Corporate earnings for the June quarter are nothing to write home about. An insipid 0.3 per cent growth rate, year on year, in the net
Filing a revised tax return is quite easy | Business Standard News–18.08.2017
If you are one of the last-minute filers of income-tax returns, it is quite possible that mistakes have crept in some computation or other. For
Insolvency regulator empowers homebuyers, puts them on a par with creditors | Business Standard News–18.08.2017
The insolvency regulator has brought in a special provision to protect the homebuyers of beleaguered real estate companies such as Jaypee Infratech and Amrapali. The
Consolidation fiasco | Business Standard Editorials–18.08.2017
In May this year, while announcing the bank’s dismal quarterly results for the fourth quarter of 2016-17, State Bank of India (SBI) Chairperson Arundhati Bhattacharya
Time to review banking sector valuations | Business Standard Column–18.08.2017
The Economic Survey Volume 2 makes an interesting point about corporate credit growth. The private sector banks saw credit growth averaging out at around 10-11
India hopes to shoot up in World Bank’s ‘ease of doing business’ ranking | Business Line–18.08.2017
Improved efficiency in granting construction permits, starting a business and resolving insolvency is expected to improve India’s overall ranking in the World Bank’s ‘ease of
Bullion binge | Business Line–18.08.2017
After shrinking to an eight-year low in FY17, India’s bullion import bill is showing signs of bloating again. Latest data from the commerce ministry indicate
Crop insurance falls short of promise | Business Line–18.08.2017
Appala Venkatesh is a farmer owning and farming in 1.25 acres of his land in Laxmapur village of Telangana. By mid-June, he was ready with
18 PSBs among top 20 banks with highest gross NPA ratios: CARE Ratings | Business Line–18.08.2017
Public sector banks are more stressed than their private sector counterparts with the former figuring among the top 20 banks with the highest gross non-performing
Economic growth, inflation may trend higher in next 6-12 months: Nomura | Business Line–18.08.2017
Economic growth and inflation are expected to trend higher in the next 6-12 months and the Reserve Bank is likely to stay on a prolonged
Black money: How note ban showed Modi where exactly to look for black money–Economic Times–17.08.2017
When Prime Minister Narendra Modi banned high-denomination currency bills in a surprise move late last year, authorities noticed a surge in shell companies depositing cash
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