Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-issues-framework-for-importing-raw-materials-for-job-work-under-amended-igcr-rules/article34588658.ece Amendments not to include precious metals The Central Board of Indirect Taxes and Custom (CBIC) has formalised the system for importing raw material,
Day: May 19, 2021
Cement demand may drop by 20% in June quarter due to localised restrictions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/cement-demand-may-drop-by-20-in-june-quarter-due-to-localised-restrictions/article34587396.ece Demand from rural housing accounting for nearly a third of the total domestic market to decrease: report Cement demand in the June quarter
Commerce Ministry likely to ask RBI to extend Interest Equalisation Scheme beyond June 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/commerce-ministry-likely-to-ask-rbi-to-extend-interest-equalisation-scheme-beyond-june-2021/article34586295.ece Exporters say access to cheaper credit essential in retaining competitiveness The Commerce Ministry may ask the RBI to extend the Interest Equalisation Scheme
Income Tax: ICAI issues exposure draft of revised Accounting Standard – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/income-taxes-icai-issues-exposure-draft-of-revised-accounting-standard/article34586805.ece?homepage=true The CA Institute has come up with an exposure draft for a revised accounting standard on income taxes, to be applicable on entities
Data breaches entail huge costs for firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/data-breaches-entail-huge-costs-for-firms/article34589484.ece?homepage=true Reputational loss, more than financial, can cause greater damage. Firms must not compromise on stepping up cyber-security As technology progresses, much of our
Rural demand may not prop up economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rural-demand-may-not-prop-up-economy/article34589203.ece?homepage=true Covid 2.0, unlike the first, has hit rural areas too. This could affect farm output and hence rural income and consumption Last year,
Hard work can be injurious to health – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/from-the-viewsroom/hard-work-can-be-injurious-to-health/article34589433.ece?homepage=true Deaths from heart disease due to long working hours are on the rise Hard work never killed anybody, but why take a chance,
Pandemic slices off 75 per cent of income of the ultra poor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pandemic-slices-off-75-per-cent-of-income-of-the-ultra-poor/article34589978.ece?homepage=true Weekly income drops to ₹180 from ₹769 in second wave of Covid In a sign of the battering Covid-19’s second wave has delivered
Amid pandemic, home-care services for the elderly see a surge in demand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/home-care-services-for-the-elderly-see-surge-in-demand/article34588689.ece?homepage=true ‘There is a significant growth in demand compared to first wave’ At-home care providers of the elderly are witnessing a surge in demand
Consumer durables see washed out summer season for second year in a row – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/consumer-durables-see-washed-out-summer-season-for-second-year-in-a-row/article34585959.ece ACs and refrigerators saw strong sales in March and early April, before the second wave of the pandemic hit the country With most
PE-VC exit deal value hits a two-year high in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/pe-vc-exit-deal-value-hits-a-two-year-high-in-april/article34590247.ece But with the second wave of Covid infections surging, experts say exits may see a dip in the coming months The cumulative value
About 50% of rated entities are ‘issuer non-cooperating’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/about-50-of-rated-entities-are-issuer-non-cooperating/article34589623.ece Borrowers find it difficult to obtain NOC from banks The number of companies being rated as ‘issuer non-cooperating’ has risen sharply for all
The increased burden of unpaid work on women during Covid-19 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-increased-burden-of-unpaid-work-on-women-during-covid-19/article34488753.ece The pandemic presents an opportunity to bring about an equitable division of domestic responsibilities With the doubling of the Indian economy over the
G-20 snubs waiver of vaccine patents – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/g-20-snubs-waiver-of-vaccine-patents/article34589751.ece ‘Patent-pooling’ likely to be pushedas an alternative Leaders of the world’s largest economies back “voluntary licensing” of Covid-19 vaccine patents, the draft conclusions
Explained: Why cryptocurrency jumps and falls on Elon Musk’s tweets | Business Standard News
lipped from: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment Elon Musk’s
Consumption hit from second Covid wave seen denting Indian economy | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/consumption-hit-from-second-covid-wave-seen-denting-indian-economy-121051800820_1.html The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research
Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/defaulters-seek-generous-bailouts-like-siva-idbi-bank-one-time-settlement-121051600334_1.html That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set
Jaypee Infratech insolvency: Suraksha emerges as the highest bidder | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jaypee-infratech-insolvency-suraksha-emerges-as-the-highest-bidder-121051900035_1.html The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs
Chip shortage crisis enters ‘danger zone’, wait time reaches all time high | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/chip-shortage-crisis-enters-danger-zone-wait-time-reaches-all-time-high-121051900130_1.html The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research. Chip shortages are rippling
Joe Biden and Kamala Harris release their tax returns – The Financial Express
Clipped from: https://www.financialexpress.com/world-news/joe-biden-and-kamala-harris-release-their-tax-returns/2253825/ The President and the first lady, Jill, a teacher, filed their income tax return jointly and reported federal adjusted gross income of USD
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