Clipped from: https://www.businesstoday.in/opinion/columns/story/four-years-of-gst-many-hits-but-a-few-misses-301252-2021-07-13 The government has made a commendable effort in consolidating various central and state indirect tax levies into a single tax levy. GST is
Day: July 14, 2021
Normalcy returns in automobile sales during June – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/normalcy-returns-in-automobile-sales-during-june/article35319082.ece On year-on-year basis, passenger car sales doubled The domestic wholesales (dispatches from factories) of automobiles in June jumped multi-fold on a monthly basis,
It’s the best time to buy a house for your own use, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/it-s-the-best-time-to-buy-a-house-for-your-own-use-say-analysts-121071400021_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Chances of realty prices declining further are slim Real estate prices have corrected, remained static, or eked a 2-3 per cent annual gain
Quess Corp counters I-T dept, denies ‘concealing’ income of Rs 880 cr | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/quess-corp-counters-i-t-dept-denies-concealing-income-of-rs-880-cr-121071400682_1.html Manpower outsourcing company Quess Corp has denied concealing any income after the IT department claimed that it has revealed undisclosed income of around
Let go, BIT by BIT: World is watching, GoI should not contest Cairn, Vodafone awards in Indian courts
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/let-go-bit-by-bit-world-is-watching-goi-should-not-contest-cairn-vodafone-awards-in-indian-courts/Rajat Malhotra The writer, a Supreme Court advocate, specialises in arbitration and commercial disputes law. Ishaan Pratap Singh assisted in his research The decision
Inflation stays elevated: When will the RBI act? | Deccan Herald
lipped from: https://www.deccanherald.com/opinion/inflation-stays-elevated-when-will-the-rbi-act-1008142.html RBI’s policy dilemma has come when many emerging markets central banks hiked interest rates in June to fight inflation while indicating more hikes
Apar Gupta, Rohin Garg write: Task for new IT Minister Ashwini Vaishnaw
Clipped from: https://indianexpress.com/article/opinion/columns/ashwini-vaishnaw-it-minister-cabinet-reshuffle-7403308/ Apar Gupta, Rohin Garg write: Ashwini Vaishnaw must implement broader digital governance framework. Process of updating IT Act must be made public. Ashwini
Crackdown on GST evaders continues – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/gst-evasion-450-arrests-since-2020-21/article35304262.ece In 2020-21, 8,000 cases involving fake ITC detected, 426 held: Finance Ministry. The Centre continues to tighten the noose around GST evaders, though
IT majors may take big hit as contract renewals drop – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/it-majors-may-take-big-hit-as-contract-renewals-drop/article35309533.ece?homepage=true With re-orders seen dipping a third to $32 billion, vendors will have to go for new business in a difficult market India’s IT
Population control fiasco | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/population-control-fiasco-121071301384_1.html The ill-advised two-child policy must be reviewed A new draft Bill prepared by the Uttar Pradesh (UP) Law Commission seeks to bar people having more
Monsoon session: Pre-pack insolvency, bank privatisation top agenda – The Financial Express
Clipped from: https://www.financialexpress.com/economy/monsoon-session-pre-pack-insolvency-bank-privatisation-top-agenda/2289600/ The government will also seek Parliament’s nod for the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill to give time-bound access to depositors
Subdued growth, not inflation, the real worry – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/subdued-growth-not-inflation-the-real-worry/2289616/ Jump in govt spend could help, but given this is unlikely, the economy needs liquidity and low interest rates A jump in government
Giveaways are a jam today and a pain tomorrow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/giveaways-are-a-jam-today-and-a-pain-tomorrow/articleshow/84388864.cmsSynopsis The politics of populism and patronage, and the practice of giving short shrift to reasonable user charges across the board, in water, power
Regulations must remove the fetters on asset reconstruction companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/regulations-must-remove-the-fetters-on-asset-reconstruction-companies/articleshow/84389152.cmsSynopsis An ARC should not be limited to buying and selling financial securities, but must be free to buy and sell the underlying assets
GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 persons – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/gst-officers-unearth-over-rs-35000-crore-fraud-in-2020-21-arrest-426-persons/articleshow/84378440.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested. In the year-long
Bold policymaking will enable India to become the next hub of production – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-bold-policymaking-will-enable-india-to-become-the-next-hub-of-production/articleshow/84387005.cmsSynopsis In electronics, imports have grown at 7% a year compound annual growth rate (CAGR) in the last seven years, even as overall imports
Can an NRI continue investing in an existing PPF account? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/can-an-nri-continue-investing-in-an-existing-ppf-account/articleshow/84166223.cmsSynopsis Remember, any person who is a non-resident Indian cannot open a PPF account. NRI status disqualifies an individual from opening, operating and managing
China-India trade on rise despite chill in bilateral ties, crosses USD 57 billion in H1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/china-india-trade-on-rise-despite-chill-in-bilateral-ties-crosses-usd-57-billion-in-h1/articleshow/84386496.cmsSynopsis According to data released by China’s Customs, India’s exports to China reached USD 14.724 billion, up 69.6 per cent year on year in
Corporates, individuals challenge taxman’s move to dig out past assessments under old law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/corporates-individuals-challenge-taxmans-move-to-dig-out-past-assessments-under-old-law/articleshow/84379632.cmsSynopsis Under the new law which came into effect from April 1, 2021, the revenue department, while reopening old accounts of a taxpayer, can
raghuram rajan: Indian needs foreign exchange reserves buffer to tackle exchange rate volatility: Raghuram Rajan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indian-needs-foreign-exchange-reserves-buffer-to-tackle-exchange-rate-volatility-raghuram-rajan/articleshow/84388271.cmsSynopsis “We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends. Even the European Union (EU) went to get
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