Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Day: June 2, 2021
Short-lived revival – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/short-lived-revival/article34701234.ece?homepage=true Restoration of consumer confidence key to reviving the economy this year There can be no denying that the 1.6 per cent provisional Q4
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
E-way bill generation slows 35% over April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-slows-35-over-april/article34702234.ece?homepage=true …but some recovery seen during last 15 days, overall mobility also improved The average E-way bill generation in May dropped to nearly 35
Prioritising expenditure | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/prioritising-expenditure-121060101581_1.html Govt must focus on providing relief to the needy at this point The national income data released on Monday showed that the economy
Has RBI legitimised cryptocurrencies? Traders, banks think it has | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/has-rbi-legitimised-cryptocurrencies-traders-banks-think-it-has-121060100124_1.html Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid. RBI clarification is a positive move, say
New margin norms weigh on volumes, brokers estimate 10-15% impact | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-margin-norms-weigh-on-volumes-brokers-estimate-10-15-impact-121060101079_1.html Industry players say biggest impact could be on derivative futures volume followed by cash market volumes The norms are being implemented in phases
Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kapil-wadhawan-moves-sc-over-nclat-stay-against-his-rs-91-000-cr-dhfl-offer-121060100852_1.html NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that On May 25, NCLAT had
‘Watertight rules to prevent promoters’ backdoor entry might prove futile to objective of Pre-Pack scheme’ – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/cafe-sme/watertight-rules-to-prevent-promoters-backdoor-entry-might-prove-futile-to-objective-of-pre-pack-scheme/2261861/ The scheme has been notified with the idea that it is MSMEs’ prerogative to have an alternative debt resolution mechanism considering their unique
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
How much will Rs 10 lakh health insurance plan cost for a family of 4? – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/how-much-will-rs-10-lakh-health-insurance-plan-cost-for-a-family-of-4/2262803/ In a Family Floater plan, on paying a single premium amount, the sum insured (coverage) can be utilized by any member of the
Income Tax Return: From mobile app to new payment options – know benefits of new e-filing site – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-from-mobile-app-to-new-payment-options-know-benefits-of-new-e-filing-site/2263115/ The ITR filing process will resume from June 7, 2021, a day after launch of the new e-filing site – incometax.gov.in – on
Solar auction: UP does an AP, denies bidder rights – The Financial Express
Clipped from: https://www.financialexpress.com/industry/solar-auction-up-does-an-ap-denies-bidder-rights/2263301/ Developers to move tribunal against state renewable agency’s move, appeal to PM In November 2020, a tariff of Rs 2/unit was discovered in
Use fiscal leeway to boost spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/use-fiscal-leeway-to-boost-spending/articleshow/83153041.cmsSynopsis At the same time, the government managed to slip in outstanding dues to the Food Corporation of India and fertiliser producers into the
Taxability of annuity on road construction still a grey area – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-taxability-of-annuity-on-road-construction-still-a-grey-area/articleshow/83112950.cmsSynopsis In its recent meeting the Council had clarified that annuity paid for ‘service by way of access to a road or a bridge’
Non-banks’ NPAs may rise to 4.5-5 per cent by March 2022: Icra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/non-banks-npas-may-rise-to-4-5-5-per-cent-by-march-2022-icra/articleshow/83147376.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Icra Ratings said non-banks (NBFC and HFCs) will feel the stress of the second wave of COVID-19 and movement restrictions imposed by various
India’s GDP growth numbers hide more than they reveal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indias-q4-gdp-growth-numbers-hide-more-than-they-reveal/articleshow/83152609.cmsSynopsis The economy sprang out of technical recession in Q3 FY2021, and expanded by a revised 0.5% after reporting two consecutive quarters of de-growth
Infosys begins internal probe after SEBI order on two employees involved in insider trading – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/infosys-begins-internal-probe-after-sebi-order-on-two-employees-involved-in-insider-trading/articleshow/83148080.cmsSynopsis Infosys senior corporate counsel Pranshu Bhutra and senior principal Venkata Subramaniam V V were barred from accessing the securities market after investigating insider
Trump made it harder for you to immigrate to the US. Can Biden ease the pain? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/trump-made-it-harder-for-you-to-immigrate-to-the-us-can-biden-ease-the-pain/articleshow/83145000.cmsSynopsis Because of Trump’s immigration policies, the average time it takes to approve employer-sponsored green cards has doubled. The backlog for citizenship applications is
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