Clipped from: https://economictimes.indiatimes.com/wealth/tax/using-only-80c-for-tax-saving-new-tax-regime-may-be-beneficial-for-you-at-this-income/articleshow/81342868.cmsSynopsis From FY 2020-21, an individual can continue with the old tax regime and avail common deductions such as section 80C, section 80D etc.
Day: March 8, 2021
Pandemic eats up Rs 13 lakh crore of household income: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/pandemic-eats-up-rs-13-lakh-crore-of-household-income-report/articleshow/81349416.cmsSynopsis Economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during
Haryana’s job quota law may hit investments in auto sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/haryanas-job-quota-law-may-hit-investments-in-auto-sector/articleshow/81341339.cms Synopsis–“Whilst we encourage employment generation, it would’ve been easier if we could find a better solution. We don’t want to be in a
Entire fiscal stimulus to be funded by borrowing, revenues; not taking money from people: FM – The Financial Express
Clipped from: https://www.financialexpress.com/economy/entire-fiscal-stimulus-to-be-funded-by-borrowing-revenues-not-taking-money-from-people-fm/2207220/ To a query on whether the government is considering to regulate cryptocurrencies, Sitharaman said, “We have been in discussion with the RBI. When
How will Haryana’s 75% job quota impact the SME sector? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-will-haryanas-75-job-quota-impact-the-sme-sector/2206825/ It is a populist measure driven by the desire to appease the local vote bank than create jobs, say experts The Haryana job
America’s $1.9 trillion rescue package could throw a spanner in RBI’s recovery plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/americas-1-9-trillion-rescue-package-could-throw-a-spanner-in-rbis-recovery-plans/articleshow/81367635.cmsSynopsis In India, the government is following a borrow-to-grow strategy but the RBI, while helping keep the government’s borrowing cost low, is geared to
Data sharing, cybersecurity top concern areas for banks, customers: Deloitte – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/data-sharing-cybersecurity-top-concern-areas-for-banks-customers-deloitte/articleshow/81376931.cmsSynopsis Data sharing, cybersecurity and data protection have emerged as the top concern areas for the banks as well as customers, according to Deloitte’s
Quota for the rich? 28% of MBBS seats cost over Rs 10 lakh per year in tuition fees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/education/quota-for-the-rich-28-of-mbbs-seats-cost-over-rs-10-lakh-per-year-in-tuition-fees/articleshow/81373695.cmsSynopsis How did we get to this 28%? It’s based on a detailed analysis of fees for the MBBS course in over 530 MBBS
CBDT note to face fresh Supreme Court challenge from NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-note-to-face-fresh-supreme-court-challenge-from-nri/articleshow/81354433.cms Story outline NRIs who stay 182 or more days have to pay tax on global income NRIs stuck in India were hoping for
Health schemes led to annual saving of Rs 50,000 crore for needy families, says PM Modi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/health-schemes-led-to-annual-saving-of-rs-50000-crore-for-needy-families-says-pm-modi/articleshow/81375262.cmsSynopsis Modi, who dedicated to the nation the 7,500th Janaushadhi Kendra at North Eastern Indira Gandhi Regional Institute of Health & Medical Sciences (NEIGRIHMS)
Here’s how a crypto ban could hurt India in several ways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-crypto-ban-could-hurt-india-in-several-ways/articleshow/81367539.cms SynopsisRegulatory uncertainty is a big debilitating factor for any industry, and all the more for a nascent one. Apart from managing capital, which
ECGLS helps push MSME loan growth as of end Sept: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/ecgls-helps-push-msme-loan-growth-as-of-end-sept-report/articleshow/81347763.cmsSynopsis Private banks and public sector banks (PSB) have seen a surge in growth in the June and September quarters, while non-bank financial companies
Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/loan-restructuring-should-msmes-opt-for-rbis-one-time-restructuring-scheme/articleshow/81311056.cms Synopsis–Can the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
A proposed GST amendment may severely impact Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/a-proposed-gst-amendment-may-severely-impact-indian-exporters/articleshow/81360362.cms SynopsisAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for
Inside Atal Innovation Mission’s push to spur innovation across India’s hinterlands and help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/inside-atal-innovation-missions-push-to-spur-innovation-across-indias-hinterlands-and-help-msmes/articleshow/81330766.cmsSynopsis Atal Innovation Mission boasts of several unique measures to spur innovation across India’s hinterlands and help MSMEs. Atal Innovation Mission, the flagship initiative of the
Recycling along with vehicle scrappage–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/recycling-along-with-vehicle-scrappage/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. With over a quarter of a billion registered
Bad bank is a great initiative but can turn into an accounting gimmick unless foreign investors are brought in: K Balasubramanian, Citibank India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/bad-bank-is-a-great-initiative-but-can-turn-into-an-accounting-gimmick-unless-foreign-investors-are-brought-in-k-balasubramanian-citibank-india/articleshow/81341715.cmsSynopsis Bad bank is a great initiative and much needed for the country, with most public sector banks carrying a high level of non-performing
Amazon onboards 50,000 small sellers under ‘Local Shops’ programme for shopkeepers in less than a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-amazon-onboards-50000-small-sellers-under-local-shops-programme-for-shopkeepers-in-less-than-a-year/2207926/ Technology for MSMEs: The small sellers selling under the Local Shops on Amazon programme belonged to metros, Tier-II, and III cities offering flowers,
Across The Aisle: Besides economy, freedom is sliding – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-besides-economy-freedom-is-sliding/2207721/ Amidst a shallow and short-lived recovery and private investment missing, any celebration is totally premature. We must await the estimates for Q4 and
How the PLI scheme works for laptops, tablets and mobile devices | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/explained-how-the-pli-scheme-works-for-laptops-tablets-and-mobile-devices-121030501357_1.html The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices “It’s merely
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