Clipped from: https://www.businesstoday.in/current/economy-politics/get-tax-refunds-faster-now-i-t-department-to-launch-new-portal-on-jun-7/story/440936.html The new taxpayer-friendly portal will be integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers, CBDT said.
Month: June 2021
GST revenue down 27% in May at Rs 1.02 lakh cr–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/gst-revenue-slips-to-rs-102-lakh-crore-in-may/story/440921.html May GST revenue is 65 per cent higher than GST revenue in the same month last year. GST revenue had plummeted to Rs
Don’t bank on RBI surplus year after year | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/don-t-bank-on-rbi-surplus-year-after-year-993525.html The RBI was able to make the payment because it generated a larger surplus in the shortened year RBI is transferring nearly Rs
The digital payment boom is indicative of Centre’s success in enabling financial inclusion | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/digital-payment-boom-financial-inclusion-covid-pandemic-7344673/ The JAM trinity has helped eliminate middlemen, frauds, and leakages due to corruption. It turns out that India overtook China to register the
‘Focus on growth will continue’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/focus-on-growth-will-continue/article34730629.ece The six-member monetary policy committee decided to maintain status quo on the policy repo rate to support growth, which has been laid low
Auto-parts makers to see surge in EV orders as electric era beckons – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/auto-parts-makers-to-see-surge-in-ev-orders-as-electric-era-beckons/article34729823.ece Players investing in R&D and other production-related infra Though the Indian electric vehicles market is still in a nascent stage, auto component makers
That dream house: Real estate has some opportunity waiting to be tapped | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/that-dream-house-real-estate-has-some-opportunity-waiting-to-be-tapped-121060401027_1.html If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services,
Cement players face bouts of weak business as second wave spikes death toll | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cement-players-face-bouts-of-weak-business-as-second-wave-spikes-death-toll-121060400751_1.html Only difference now is that industry sales have been 30%, unlike last April, when it hit a zero due to the three-week complete
India Inc trims FY22 growth outlook over third Covid-19 wave fears | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/covid-19-pandemic-india-inc-trims-growth-target-over-uncertainty-121060401552_1.html Companies remain cautious about improvement in sales in FY22 Consumption in semi-urban and rural areas has been impacted because of a surge in
Investments in land, building, second hand machines, raw material out of PLI eligibility – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/investments-in-land-building-second-hand-machines-raw-material-out-of-pli-eligibility/articleshow/83239222.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Investment will include expenditure incurred on new plant, machinery, equipment and associated utilities, research and development, and transfer of technology relating to the
Add public housing to tenancy reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-policy-runs-out-of-steam/articleshow/83244066.cmsSynopsis The government should understand that it is the prime mover. RBI’s liquidity measures, expansive and innovative as they have been, have only served
Monetary Policy Runs Out of Steam – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-policy-runs-out-of-steam/articleshow/83244066.cmsSynopsis The government should understand that it is the prime mover. RBI’s liquidity measures, expansive and innovative as they have been, have only served
Inflation: Need to focus on both supply and demand for growth without inflation: KV Subramanian, CEA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/need-to-focus-on-both-supply-and-demand-for-growth-without-inflation-kv-subramanian-cea/articleshow/83249359.cmsSynopsis Chief economic advisor KV Subramanian says there were signs of a pickup in economic activity and the recovery should gather pace by the
RBI monetary policy: Pursuing growth in times of high inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-monetary-policy-pursuing-growth-in-times-of-high-inflation-121060500031_1.html The RBI officials stated the MPC believes that inflation is ‘not persistent’ and that there is ‘no thinking’ about policy normalisation Unlike the
Do not politicise GST Council: Finance Minister Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/do-not-politicise-gst-council-finance-minister-nirmala-sitharaman-121060500003_1.html The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with
A monetary policy of continuity with change | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-monetary-policy-of-continuity-with-change-121060401404_1.html This time, RBI’s rate-setting body is not only talking about sustaining growth but also reviving it The no-action, status-quo monetary policy of the Reserve Bank of
MPC cuts real GDP projection by 100 basis points to 9.5% for FY22 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/mpc-cuts-real-gdp-projection-by-100-basis-points-to-95-for-fy22/article34723638.ece?homepage=true High international commodity prices, logistics costs prompts RBI to up its projection for CPI inflation The Monetary Policy Committee (MPC) has cut its
Central bank’s helping hand with liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/central-banks-helping-hand-with-liquidity/article34730010.ece?homepage=true Opening up the restructuring window to exposures up to ₹50 crore will help a number of self-employed businesses The Monetary Policy Committee (MPC)
Difficult balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/difficult-balance/article34729915.ece?homepage=true An accommodative policy is inevitable, but the RBI has to be wary of the inflation monster The Monetary Policy Committee’s decision to maintain
RBI’s not-so-transparent FX market moves – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rbis-not-so-transparent-fx-market-moves/article34729891.ece?homepage=true Aggressive dollar/rupee swaps have misaligned interest differentials and made forex inflows by way of carry trades more attractive As widely expected, the MPC
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