Clipped from: https://economictimes.indiatimes.com/wealth/tax/missing-itr-filing-deadline-on-dec-31-will-attract-penalty-twice-that-of-last-year/articleshow/79995676.cmsSynopsis The last date to file income tax return for FY 2019-20 is December 31, 2020. As per the income tax laws, a penalty
Day: December 30, 2020
Overseas Indians cheer government’s agenda for India’s atmanirbharta, without investing in it | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/indians-abroad-atmanirbhar-bharat-modi-7125412/ More recent data, post-2015, suggest that the trend of out-migration of Indian talent and wealth has accelerated. Even as the year ends with
Powering up | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/electric-vehicles-market-india-tesla-7125381/ Government will need to incentivise shift to electric vehicles. Widespread adoption will require supporting infrastructure The electric vehicles market in India appears to
Benefit illustration must in health insurance plans: IRDAI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/benefit-illustration-must-in-health-insurance-plans-irdai/article33446810.ece The new norms need to be adopted on or before April 1, 2021. A clear benefit illustration should be made an integral part
Brexit blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/brexit-blues/article33447145.ece India assumes importance, as UK explores trade and investment opportunities Bringing to an end four-and-a-half years of suspense over the terms on which
Non-performing assets recovered via IBC rise 61% in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/non-performing-assets-recovered-via-ibc-rise-61-in-2019-20/article33447464.ece IBC, under which recovery is incidental to rescue of companies, remained the dominant mode of recovery, according to RBI’s “Report on Trend and
IBC emerges as major mode of NPA recovery in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-emerges-as-major-mode-of-npa-recovery-in-2019-20/article33447977.ece Of the total amount of ₹ 1,72,565 crore recovered, IBC route accounted for ₹ 1,05,773 crore Non-performing assets (NPAs) recovered by scheduled commercial banks through the Insolvency
Over 40% of borrowers availed loan moratorium benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/covid-19-over-40-of-borrowers-availed-loan-moratorium-benefit/article33446903.ece The moratorium distribution sought in MSME loans indicates that urban co-operative banks bore the brunt of incipient stress. Customers accounting for 40.43 per
Rollback of policy support can impact health of banks: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rollback-of-policy-support-can-impact-health-of-banks-rbi/article33447487.ece?homepage=true The Reserve Bank of India has warned that as policy support is rolled back, the impact of the Covid-19 pandemic can make a
In search of a new fiscal road map | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/in-search-of-a-new-fiscal-road-map-120122901402_1.html Budget 2021 must overhaul the existing FRBM Act to set feasible targets on deficit and debt Taxation and spending outlays usually become key
The stampede from Silicon Valley | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-stampede-from-silicon-valley-120122901412_1.html Regulatory burden is pushing big firms out of California The news out of Silicon Valley is that some of America’s most dynamic businesses are pulling
Yes, it’s not broken | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/yes-it-s-not-broken-120122901390_1.html Govt and RBI should fix potential policy risks to inflation The government is reportedly planning to loosen the inflation tolerance band for the Reserve Bank of
Covid-19: Atul Gawande on why US slipped, and India managed better | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/covid-19-atul-gawande-on-why-us-slipped-and-india-managed-better-120122901355_1.html The most important tool you have in public health is messaging and communication, said Gawande Indian-origin American surgeon, author and healthcare policy expert, Atul Gawande, who
Bank asset quality may see sharp deterioration post-moratorium: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/expect-sharp-drop-in-asset-quality-after-covid-accommodation-withdraws-rbi-120122901171_1.html Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
Vivad se Vishwas: Direct tax dispute resolution scheme may be extended | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/vivad-se-vishwas-direct-tax-dispute-resolution-scheme-may-be-extended-120123000059_1.html This is due to dismal participation and industry representations seeking more time for declaration With two days to go for Vivad se Vishwas
MSME: Government looking at new plans, laws to solve MSME receivables issue: Gadkari
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/government-looking-at-new-plans-laws-to-solve-msme-receivables-issue-gadkari/articleshow/80003881.cmsSynopsis As part of the Aatmanirbhar Bharat package announced in May, MSME dues from central government agencies and CPSEs should have been paid in
Maersk: With an eye on vaccines, logistics sector preps to go full throttle in 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/with-an-eye-on-vaccines-logistics-sector-preps-to-go-full-throttle-in-2021/articleshow/80003535.cmsSynopsis The pandemic and its fallouts severely crippled India’s logistics sector in 2020. But with the massive task of distributing vaccines across the country,
Pour concrete now, to boost growth–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/pour-concrete-now-to-boost-growth/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Metro services will reach over 25 cities by
Brexit Trade-Offs in Globalised Trade–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/brexit-trade-offs-in-globalised-trade/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Christmas Eve EU-UK trade deal is welcome
Duvvuri Subbarao: Post Covid-19, India can bet on 3 positives for economic revival: Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/post-covid-19-india-can-bet-on-3-positives-for-economic-revival-subbarao/articleshow/80008840.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The challenge for the government in the months and years ahead is clear: to put the economy back on a healthy growth trajectory
