Clipped from: https://www.business-standard.com/article/economy-policy/pvt-cos-may-issue-e-invoice-fintech-see-scope-in-data-access-to-biz-users-121060700625_1.html While e-invoicing alone may not generate high revenues, the key lies in the way fintechs leverage the data of enterprises to offer other
Month: June 2021
Second wave impact: Auto debit payment bounce rate increases further in May | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-impact-auto-debit-payment-bounce-rate-increases-further-in-may-121060800489_1.html The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates The decline in auto-debit transactions had peaked in
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-has-500-mn-ready-cash-ipo-timed-to-expand-lead-in-fintech-sources-121060801301_1.html IPO will foster public and institutional investors’ trust, and seal the company’s position as India’s largest fintech player IPO-bound Paytm has $500 million worth of
Banks’ collection efficiency for micro-loans drops significantly – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/covid-woes-banks-collection-efficiency-for-micro-loans-drops-significantly/2267778/ Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the intermittent
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
G7 floor tax rate good, but a global tax regime a tough challenge – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/g7-floor-tax-rate-good-but-a-global-tax-regime-a-tough-challenge/2267698/ Achieving a global consensus on the proposal is a tough challenge as market jurisdictions will have their own sets of reservations The communique
PLI scheme: Apple vendors hire 20,000 in 7 months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pli-scheme-apple-vendors-hire-20000-in-7-months/2267770/ Foxconn and Wistron step up hiring; Pegatron set to follow As per their PLI applications, these companies are expected to hire nearly 23,000
DHFL resolution: 63 Moons, FD holders to challenge NCLT order – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-resolution-63-moons-fd-holders-to-challenge-nclt-order/2267773/ The firm wants the creditors of DHFL to receive the money, instead of the buyer (PCHFL), in case recovery happens in the alleged
Kerala AAR classifies banana, jackfruit and tapioca chips as roasted/fried vegetable products, to attract 12% GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/kerala-aar-classifies-banana-jackfruit-and-tapioca-chips-as-roastedfried-vegetable-products-to-attract-12-gst/article34771638.ece Unbranded namkeen attracts GST at 5 per cent, while branded namkeen attracts 12 per cent The Kerala Authority of Advance Ruling (AAR) has
Bank accounts can’t be attached at the cost of Right to Business: Madras HC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/bank-accounts-cant-be-attached-at-the-cost-of-right-to-business-madras-hc/article34761074.ece DGGI files case against Chennai-based firm following allegation that it had fraudulently availed input tax credit The Madras High Court has held that
Govt seeks comments on proposed revision in WPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/govt-seeks-comments-on-proposed-revision-in-wpi/article34761805.ece New product coverage, separate solar index under electricity, auction prices for coal, electricity suggested The government has sought public comments by June 20
Banks face ₹42,000-cr haircut as NCLT clears Vedanta firm’s ₹2,900-crore bid for Videocon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/banks-face-42000-cr-haircut-as-nclt-clears-vedanta-firms-2900-crore-bid-for-videocon/article34763894.ece Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the National
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
Salaried employee working from home? Check Income Tax rules for e-filing ITR on new portal – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/salaried-employee-working-from-home-check-income-tax-rules-for-e-filing-itr-on-new-portal/2267172/ Income Tax Return (ITR) filing for salaried employees during work from home 2021: The Income Tax filing season has started. New e-filing portal
Before claiming Section 80C Income Tax deductions, be aware of these conditions – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/before-claiming-section-80c-income-tax-deduction-be-aware-of-these-conditions/2267264/ All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits
Inflation knocking at the door? Here is how equity, debt investments may get impacted – The Financial Express
Clipped from: https://www.financialexpress.com/money/mutual-funds/inflation-knocking-at-the-door-here-is-how-equity-debt-investments-may-get-impacted/2267210/ Global inflation usually spills over to emerging economies through the commodities channel which is already showing up in the WPI which captures inflation
Insolvency and Bankruptcy Code works, but it could work better – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-and-bankruptcy-code-works-but-it-could-work-better/articleshow/83347394.cmsSynopsis The bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has
Higher interest rates soon: When to reallocate funds in investment portfolio, where to invest? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/higher-interest-rates-soon-when-to-reallocate-funds-in-investment-portfolio-where-to-invest/articleshow/83257422.cms SynopsisIt is important to sometimes reallocate funds within your portfolio. It is even more important to do so at the right time. How
Take action against those indulging in illegal adoption of children orphaned during pandemic: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/take-action-against-those-indulging-in-illegal-adoption-of-children-orphaned-during-pandemic-sc/articleshow/83337750.cmsSynopsis SC has directed States & UTs to take strict actions against any body or individual indulging in illegal adoption of children orphaned during
RBI asks banks not to destroy CCTV recordings of demonetisation period | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-asks-banks-not-to-destroy-cctv-recordings-of-demonetisation-period-121060801270_1.html Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice Photo: Shutterstock
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