Clipped from: https://www.financialexpress.com/industry/power-industry-seeks-relaxation-of-fly-ash-disposal-norms/2259003/ Over 25% of fly ash produced from power plants is used by the cement industry. Bricks and tile makers consume about 10% and
Month: May 2021
Growth pangs: Govt weighs fresh stimuli, relief package to soften Covid-19 blow – The Financial Express
Clipped from: https://www.financialexpress.com/economy/growth-pangs-govt-weighs-fresh-stimuli-relief-to-soften-covid-19-blow/2258903/ Package could be ‘smaller compared to last year’s yet meaningful’; tourism, hospitality, aviation among focus sectors The RBI had in April (before the
Your Queries (Income Tax): Tax exemption on gain on plot sale if reinvested in new house within 2 years – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-4/2258877/ If by the time of filing of ITR for the relevant assessment year, the net consideration/ part of it cannot be appropriated towards
Pandemic Lows: Formalisation of jobs takes a big hit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pandemic-lows-formalisation-of-jobs-takes-a-big-hit/2258901/In the case of ESIC also, the net addition to the subscriber base is much lower than what the number of new subscribers indicates
IREDA invites bids for solar PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ireda-invites-bids-for-solar-pli-scheme/article34642062.ece The offer-for-bids will close on June 30 Indian Renewable Energy Development Agency on Tuesday invited bids for setting up solar manufacturing units under
Now, Jaypee Infratech ex-promoter offers to settle lenders’ dues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/now-jaypee-infratech-ex-promoter-offers-to-settle-lenders-dues/article34644104.ece The firm is undergoing a debt resolution process under IBC rules With the NCLT asking lenders of DHFL to consider a settlement offer
‘Domestication’ of the Chinese economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/domestication-of-the-chinese-economy/article34644030.ece ‘Dual circulation’ marks China’s transition from an export-led economy to a domestically driven, services-led one At a time when the world economy is
WhatsApp’s privacy policy changes violate consumer rights – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/whatsapps-changes-to-its-privacy-policy-are-violative-of-user-privacy-and-consumer-rights/article34636033.ece The government’s response to such indiscretions by tech giants has been inadequate Now that WhatsApp has clearly indicated in its response to the
Do not to ignore the probable cost of lower inflation: RBI study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/do-not-to-ignore-the-probable-cost-of-lower-inflation-rbi-study/article34635746.ece The Study estimated the trade-off between long run inflation and steady State growth (SSG) rate, whereby the long-term growth would fall by 40
Increase in default risk leads to rise in interest rate spread, decline in credit growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/increase-in-default-risk-leads-to-rise-in-interest-rate-spread-decline-in-credit-growth/article34636079.ece A positive shock to risk premium increases interest rate spread by 30 basis points An increase in default risk, captured by gross non-performing
RBI should appoint statutory auditors for public sector banks: ICAI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/let-rbi-appoint-public-sector-banks-statutory-auditors-icai/article34643650.ece ‘Change along the lines of CAG appointing auditors for public sector entities’ The CA Institute has suggested that appointment of statutory central auditors
I-T Department prescribes hybrid formula to determine FMV of capital assets in slump sale – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34646028.ece Budget 2021 amended the tax law on fair market value The Income Tax Department has notified rules for computation of fair market value
Appellate Tribunal sets aside NCLT order on DHFL – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645979.ece With the National Company Law Appellate Tribunal (NCLAT) setting aside an order of the National Company Law Tribunal (NCLT) directing the lenders of
Up for sale: At least 1,200 Covid-hit small businesses looking for exit route – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645983.ece More than 50 per cent of the stressed businesses listed on its website are from thetravel industry More than 50 per cent of
GST Council panel not for exempting Covid vaccines – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645978.ece Fitment Committee for limited period rate cut onO2 device The GST Council’s Fitment Committee, which prepares proposals for rate revisions, is for keeping
Defer auditor appointment by at least two years: CII tells RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/defer-auditor-appointment-by-at-least-two-years-cii-tells-rbi/article34627470.ece Phase-wise implementation of norms will ensure better compliance, suggests industry chamber A significant policy measure such as this should not be applied retrospectively
Mudra Loans: Govt wants lenders to step up focus on Mudra loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-wants-lenders-to-step-up-focus-on-mudra-loans/articleshow/82889995.cms Synopsis“We are also considering extending the interest subvention of 2% on prompt repayment of Shishu loans sanctioned under the Pradhan Mantri Mudra Yojana
Reserve Bank of India surplus is rightfully the government’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/reserve-bank-surplus-is-rightfully-gois/articleshow/82917954.cmsSynopsis In this unprecedented time of economic contraction and much uncertainty, the larger RBI dividend would proactively improve government finances and reduce market borrowings.
RBI’s norms pit Indian auditors against MNCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-norms-pit-indian-auditors-against-mncs/articleshow/82919795.cmsSynopsis On April 27, the central bank had issued guidelines for appointment of statutory auditors in commercial banks, non-banking financial companies and housing finance
Concept of joint audit has worked very well: Amarjit Chopra, ex-president, ICAI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/concept-of-joint-audit-has-worked-very-well/articleshow/82921510.cmsSynopsis “As per the new norms, there shall be joint audits in certain entities beyond a threshold. Can having two auditors or more instead
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