Clipped from: https://www.business-standard.com/article/economy-policy/there-is-no-provision-to-take-credit-of-the-agriculture-infra-cess-expert-121020800718_1.html This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and
Day: February 27, 2021
Diverse responses to the Budget | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/diverse-responses-to-the-budget-121020801673_1.html The finance minister did very well for equity market investors. How did she fare with households? The presentation of the Indian Union Budget is an
A pro-growth turn in government policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-pro-growth-turn-in-government-policy-121020801757_1.html The growth impact of PLI schemes could start showing up in FY22 Total central government spending in FY22 should be unchanged from the
Indirect Taxes: FM Sitharaman’s Budget attempts a delicate balancing act | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/indirect-taxes-fm-sitharaman-s-budget-attempts-a-delicate-balancing-act-121020202031_1.html The focus has been on smoothening the GST structure and removing anomalies, as well as closing loopholes to curb fraudulent practices Even before
Kirana comes full circle | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/kirana-comes-full-circle-121020801780_1.html Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we’ve come full circle on grocery It’s true
Banking on cybersecurity: RBI’s new rules for digital transactions a step forward – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/banking-on-cybersecurity-rbis-new-rules-for-digital-transactions-a-step-forward/2199851/ The master direction on digital payment security controls, released last week, casts a wide net. The Reserve Bank of India has, therefore, done
Blue Star setting up Rs 130-cr plant at Wada to ramp up commercial refrigeration biz – The Financial Express
Clipped from: https://www.financialexpress.com/industry/blue-star-setting-up-rs-130-cr-plant-at-wada-to-ramp-up-commercial-refrigeration-biz/2192838/ The new plant, being set up as part of the company’s decision to strengthen its commercial refrigeration footprint, will cater to the rising
Insolvency and Bankruptcy Code: Insolvency suspension not to be extended beyond March 24 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/insolvency-and-bankruptcy-code-insolvency-suspension-not-to-be-extended-beyond-march-24/2195407/ “The suspension has served the purpose but an extension now will potentially undermine bad loan resolution process and can create a systemic issue,”
Is Union Budget 2021-22 inflationary? Experts not on the same page | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/is-union-budget-2021-22-inflationary-experts-not-on-the-same-page-121020701002_1.html The government has ruled out tweaking the inflation target under the monetary agreement framework between it and the RBI C Ranganathan, former governor,
Interest on public debt may eat away half of govt tax revenue in FY21, FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/interest-on-public-debt-may-eat-away-half-of-govt-tax-revenue-in-fy21-fy22-121020701014_1.html Expenditure on interest will account for 52.4 per cent of the central tax revenues in FY22 The fiscal headroom for the central government
Exporters shouldn’t rely much on subsidies from govt | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/exporters-shouldn-t-rely-much-on-subsidies-from-govt-121020701022_1.html The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products The finance
Fidelity clause covers all employees | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fidelity-clause-covers-all-employees-121020700776_1.html In a recent case, National Commission observed that the policy defined an employee to include officers, clerks, servants and other employees R R
GDP grows 0.4 per cent in December quarter, India exits technical recession – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-out-of-technical-recession-q3-gdp-expands-0-4/articleshow/81228202.cmsIndia’s GDP grew 0.4% in Q3 of FY21, helping the economy out of a technical recession after two consecutive quarters of degrowth. The economy
RBI | inflation: India’s inflation target band appropriate for next 5 years: RBI report
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-inflation-target-band-appropriate-for-next-5-years-rbi-report/articleshow/81225715.cmsSynopsis “The current numerical framework for defining price stability, i.e., an inflation target of 4 percent with a +/-2 percent tolerance band, is appropriate
Bears may continue to rule as investors wake up to a new risk – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/dalal-street-wakes-up-to-new-concern-may-see-more-pain/articleshow/81224218.cmsSynopsis According to analysts, bond market fears over inflation are a strong hint to the stock investors about rich market valuations, which the latter
stock market crash: Brace for volatility across asset classes: Lakshmi Iyer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/brace-for-volatility-across-asset-classes-lakshmi-iyer/articleshow/81230133.cmsSECTIONSBrace for volatility across asset classes: Lakshmi IyerLast Updated: Feb 26, 2021, 06:30 PM ISTSynopsis The next couple of weeks are going to be
Many Indian techies get paid in crypto, say it’s faster and easier – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/many-indian-techies-get-paid-in-crypto-say-its-faster-and-easier/articleshow/81228848.cmsSynopsis Accepting payments in cryptocurrency is a trend on the rise. Mumbai — International crypto companies are hiring engineers and back-end developers in India
RBI’s new rules on maintaining credit or debit card details may lead to tokenisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbis-new-rules-on-maintaining-credit-or-debit-card-details-may-lead-to-tokenisation/articleshow/81215720.cms Synopsis–Though RBI’s Master Direction on Digital Payment Security Control (bit.ly/3uqrjHj) reads like a hodgepodge pastiche of the Payment Card Industry Data Security Standard
Consumption of packaged consumer goods set to double in India: Nestle India chairman – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/consumption-of-packaged-consumer-goods-set-to-double-in-india-nestle-india-chairman/articleshow/81226999.cmsSynopsis Suresh Narayanan, who leads India’s largest packaged foods company, said 140 million households are expected to be added to the aspiring and affluent
Reserve Bank of India extends deadline to apply for umbrella entity on retail payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-extends-deadline-to-apply-for-umbrella-entity-on-retail-payments/articleshow/81229070.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Requests have been received from various stakeholders including Indian Banks’ Association for extending the deadline, keeping in view the COVID-19 related disruptions and
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