Clipped from: https://www.business-standard.com/article/opinion/the-dark-side-of-low-interest-rates-120101901603_1.html While the low interest rate policy may or may not help with investment, output and employment, it can aggravate, if not cause, financial
Month: October 2020
Fix a sunset date | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fix-a-sunset-date-120101901563_1.html Open-ended tariff protection will affect competitiveness The government has been increasing import tariffs and other barriers in recent years to protect Indian industry. The idea
GDP growth will fix debt, so spend now – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-needs-to-spend-a-lot-more-if-it-wants-to-fix-the-permanent-damage-to-the-economy/2108607/ But even if the deficit increases by 7% of GDP this year while trend nominal GDP settles at 10%, debt/GDP stabilises around 90%
Transparent taxation: Withdraw untenable tax litigation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/transparent-taxation-withdraw-untenable-tax-litigation/2108615/ While the faceless assessment and appeals is welcome and could prevent harassment, all pending appeals should be cleared urgently to give succour to
Customs clearance: Heartless, not faceless; why has faceless assessment brought so much angst to trade? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/customs-clearance-heartless-not-faceless-why-has-faceless-assessment-brought-so-much-angst-to-trade/2109471/ Customs clearance is not just assessment, but is all about logistics and supply chain management, of which customs and payment of duties/taxes is
‘Imperfect yet small gains from labour codes shall drive MSMEs forward’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-imperfect-yet-small-gains-from-labour-codes-shall-drive-msmes-forward/2104248/ Ease of Doing Business for MSMEs: There are many reasons why many of India’s 63 million enterprises are dwarfs (small that stay small)
MSMEs’ long term recovery likely ahead but subdued demand, lower disposable income among key issues – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-long-term-recovery-likely-ahead-but-subdued-demand-lower-disposable-income-among-key-issues/2109233/ Ease of Doing Business for MSMEs: Lack of technical expertise might continue to be a hurdle for MSMEs to adopt digital technology to
Post-Covid ailments may last for life: Dr Randeep Guleria, Pulmonology specialist and AIIMS Director – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/post-covid-ailments-may-last-for-life-dr-randeep-guleria-pulmonology-specialist-and-aiims-director/articleshow/78337986.cmsSynopsis “Such issues get resolved in about six weeks in most cases. We advise them to exercise, have a diet with green leafy vegetables
CPSEs clear dues worth Rs 13,400 crore to MSMEs in last five months: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cpses-clear-dues-worth-rs-13400-crore-to-msmes-in-last-five-months-govt/articleshow/78743746.cmsSynopsis It is mandatory for all CPSEs and the companies with turnover of more than Rs 500 crore to join this platform. However, many
Sellers from smaller cities driving festive sales: Snapdeal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/sellers-from-smaller-cities-driving-festive-sales-snapdeal/articleshow/78745206.cmsSynopsis Ahead of Diwali, Snapdeal had opened 25 logistics centres to serve the surge in orders. This is now helping move the Diwali orders
NCLT approves JSW Steel’s resolution plan for Asian Colour Coated Ispat Ltd – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-approves-jsw-steels-resolution-plan-for-asian-colour-coated-ispat-ltd/articleshow/78748365.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the year 2018, ACCIL was part of the Reserve Bank of India’s second list of defaulters that banks were asked to take
Hospitalised COVID-19 patients can have ongoing symptoms for months: Oxford study – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/oxford-university-says-covid-19-patients-experience-symptoms-months-after-contracting-virus/articleshow/78751260.cmsSynopsis The scientists also detected abnormalities in multiple organs and believe persistent inflammation may be a factor for COVID-19 survivors, the university said in
Business index at post-lockdown high but beware of ‘faux recovery’: Nomura – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/business-index-at-post-lockdown-high-but-beware-of-faux-recovery-nomura/articleshow/78748531.cmsSynopsis Nomura attributed “much of this improvement” to a sharp rise in Google workplace mobility (by around 5pp from the previous week), as well
India must not neglect bank recapitalisation despite pandemic, says Viral Acharya – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-must-not-neglect-bank-recapitalisation-despite-pandemic-says-viral-acharya/articleshow/78748878.cmsSynopsis “If the government doesn’t wish to recapitalise banks in a timely manner, then it must ensure that the contours of debt moratoria and
CBIC clears air on faceless assessment issues | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/cbic-clears-air-on-faceless-assessment-issues-120101900038_1.html The CBIC has decided that all Saturdays (except second Saturday) will be working days for all the faceless assessment groups (FAGs) and port
GST–Bridge the gap | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/bridge-the-gap-120101800943_1.html Centre’s decision to borrow doesn’t fully address the GST issue The Union government’s decision to borrow and on-lend to the states to cover
Centre to ensure interest waiver benefits to small borrowers by Nov 2 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-ensure-interest-waiver-benefits-to-small-borrowers-by-nov-2-120101900040_1.html Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order It will tentatively cost
Centre may have no stake in public sector banks after privatisation | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/centre-may-have-no-stake-in-public-sector-banks-after-privatisation-120101900050_1.html Wants RBI to relax the rules on ownership in private sector banks The RBI has set up a committee under retired bureaucrat P
Single-window clearance expected to start in April with 20 states on board | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/single-window-clearance-to-start-in-april-govt-expects-20-states-on-board-120101900023_1.html At least half a dozen foreign investors are said to be in talks with the government for this mechanism The exercise is part
Delhi HC admits petition challenging Faceless Income Tax Appeal Scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/delhi-hc-admits-petition-challenging-faceless-income-tax-appeal-scheme/article32880159.ece Within three weeks of its launch, Faceless Income Tax Appeal Scheme is under judicial scrutiny as Delhi High Court has allowed a petition
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