Clipped from: https://economictimes.indiatimes.com/news/economy/finance/hardships-faced-by-the-salaried-35-million-workers-tapped-provident-fund-accounts-since-april-2020/articleshow/82725390.cms SynopsisNearly 7.2 million of these workers together availed of the non-refundable Covid advance that was allowed last year amounting to Rs 18,500 crore
Month: May 2021
Retail inflation since Dec 2020 higher than govt figures: SBI–Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/retail-inflation-since-dec-2020-higher-than-govt-figures-sbi/story/439288.html SBI recommended urgent fuel price cut through tax rationalisation, otherwise consumers’ non discretionary spending will continue to get distorted and impart an upward
Bharti Airtel FY21 net loss narrows to Rs 15,084 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/bharti-airtel-fy21-net-loss-narrows-to-rs-15084-crore/story/439275.html For January-March quarter, the company reported a net profit of Rs 759 crore as against a net loss of Rs 5,237 crore in
SC push to decongest prisons amid pandemic is welcome. In deciding parole, age, comorbidities should be considerations
Clipped from: https://indianexpress.com/article/opinion/editorials/in-a-new-light-4-supreme-court-covid-19-covid-19-india-second-wave-bhima-koregaon-case-7317826/ SC push to decongest prisons amid pandemic is welcome. In deciding parole, age, comorbidities should be considerations The Court’s proposition needs to be
Honour Cairn award, remove uncertainty – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-editorial/honour-cairn-award-remove-uncertainty/articleshow/82717627.cmsSynopsis Apparently, Cairn has identified assets that range from AI’s aircraft to vessels owned by Shipping Corporation of India and properties owned by State-owned
Will companies be liable if employees get exposed to Covid-19 at work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/vaccine-wfo-will-companies-be-liable-if-employees-get-exposed-to-covid-19-at-work/articleshow/82707770.cmsSynopsis As vaccination numbers rise and the number of COVID-19 cases drop, it’s natural for companies to rethink their workplace plans. For executives planning
property legal rights: My father passed away without a will. Who has legal rights to his property? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/my-father-passed-away-without-a-will-who-has-legal-rights-to-his-property/articleshow/82478471.cmsSynopsis Registering a will is not mandatory, nor does it offer any guarantee that it will not be opposed. So, a registered will can
Money & relationships: Should you merge finances, assets with spouse? Here’s help – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/money-relationships-should-you-merge-finances-assets-with-spouse-heres-help/articleshow/82656005.cmsSynopsis While there are no financial rules that can be applicable to everyone, and each couple must find its own comfort zone in dealing
Reimbursement claimed on welfare expenses incurred by multinationals in India outside gamut of tax: ITAT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/reimbursement-claimed-on-welfare-expenses-incurred-by-multinationals-in-india-outside-gamut-of-tax-itat/articleshow/82680179.cmsSynopsis Tax tribunal lays out ground rules for taxing such expenses, should benefit Indian arms amidst Covid pandemic. It said that there should be
property legal rights: My father passed away without a will. Who has legal rights to his property? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/my-father-passed-away-without-a-will-who-has-legal-rights-to-his-property/articleshow/82478471.cmsSynopsis Registering a will is not mandatory, nor does it offer any guarantee that it will not be opposed. So, a registered will can
Why one must not be dangerously efficient with their personal finances: Little bit of slacking can go a long way – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/why-one-must-not-be-dangerously-efficient-with-their-personal-finances-little-bit-of-slacking-can-go-a-long-way/articleshow/82655745.cms Synopsis–The pandemic has made us realise that for both businesses and individuals, it’s possible to be harmfully efficient. Despite the hardship and suffering,
NBFCs survived first Covid wave but face second hurdle, says RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfcs-survived-first-covid-wave-but-face-second-hurdle-says-rbi/articleshow/82712068.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Among sectors NBFCs lend to, industrial sector, particularly micro and small and large industries, were the hardest hit by the pandemic as they
India Inc’s foreign investment jumps over two-folds to $2.51 billion in April 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/india-incs-foreign-investment-jumps-over-two-folds-to-2-51-billion-in-april-2021/articleshow/82715145.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the
Morgan Stanley: India shouldn’t mistake ‘reflation’ for its ugly step-sister, says Morgan Stanley research – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/india-shouldnt-mistake-reflation-for-its-ugly-step-sister-morgan-stanley-research/articleshow/82707731.cmsSynopsis “Don’t mistake reflation for its ugly step-sister, Asia’s policy rate normalisation is likely to be gradual,” a research by Morgan Stanley said Monday.
Rising Covid spends, fuel prices, online delivery will crowd out consumer demand, warns SBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rising-covid-spends-fuel-prices-online-delivery-to-crowd-out-consumer-demand-warns-sbi-report/articleshow/82708604.cmsSynopsis As the pandemic rages through the country, it is worthwhile to look beyond the headline inflation as rural core has now jumped to
How GoI’s gamechanging SWAMIH fund for stalled housing actually works on the ground – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-gois-gamechanging-swamih-fund-for-stalled-housing-actually-works-on-the-ground/articleshow/82717641.cmsSynopsis It is an innovative financing structure that must be replicated across several capital-intensive industries. Innovative financing is, indeed, the need of the hour.
Coronavirus second wave hit aggregate demand more than supply, says RBI bulletin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/coronavirus-second-wave-hit-aggregate-demand-more-than-supply-says-rbi-bulletin/articleshow/82710345.cmsSynopsis The central bank said despite seasonally adjusted month-on-month momentum in industrial production being positive for the fourth consecutive month, anecdotal evidence points to
India Inc sheds debt to boost ratings, valuations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/india-inc-sheds-debt-to-boost-ratings-valuations/articleshow/82696851.cms Synopsis–Reliance Industries has reduced its gross debt by nearly Rs 1.21 lakh crore in FY21 to Rs 2.24 lakh crore, riding on a
Ensuring more transparency in banking – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ensuring-more-transparency-in-banking/article34573596.ece Tightening supervision – Bloomberg Tightening supervision – Bloomberg× The apex court has told the RBI to make public annual inspection reports of banks.
IDBI-Sivasankaran deal raises hope for other defaulting promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
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