Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
Month: July 2021
Income tax benefits, rebates that senior citizens enjoy – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-benefits-rebates-that-senior-citizens-enjoy/2301294/ Under the Old Income Tax Regime, senior citizens, having income from salary, rent and interest income, enjoy additional tax benefits and rebates compared
We’ll have even better results in the coming quarters: IDBI Bank CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/well-have-even-better-results-in-the-coming-quarters-idbi-bank-ceo/articleshow/84887900.cmsSECTIONSWe’ll have even better results in the coming quarters: IDBI Bank CEOLast Updated: Jul 30, 2021, 02:24 PM ISTSynopsis “We have been able to
gold loans: Fast growing gold loans turn sour hit by lockdowns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/fast-growing-gold-loans-turn-sour-hit-by-lockdowns/articleshow/84816753.cmsSynopsis Banks for which gold loans contribute substantial amount to their profits, were hit in the first quarter. Out of the Rs 640 crore
Sitharaman as FM: Some positive surprises, a few works in progress | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/sitharaman-as-fm-some-positive-surprises-a-few-works-in-progress-121073001334_1.html Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of
Govt readies pension law revamp – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-readies-pension-law-revamp/articleshow/84881245.cmsSynopsis The bill — which was being discussed by a committee of secretaries for several months — will also delink the National Pension System
New I-T portal receives over 25.82 lakh ITRs, distributes 7.90 lakh e-PANs – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/new-i-t-portal-receives-over-2582-lakh-itrs-distributes-790-lakh-e-pans-302817-2021-07-30 A total of 80,23,266 ITRs have been drafted, over 6.07 lakh forms have been drafted out of which 5,51,150 were filed at the
Big Boys and their Toys — Jhunjhunwala & Akasa Air – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/big-boys-and-their-toys-jhunjhunwala-akasa-air-302859-2021-07-30 For billionaire Rakesh Jhunjhunwala, the investment in Akasa Air is a thought out play on India’s growth bouncing back. India’s most successful investor,
High tariffs faced by Indian exporters in EU, UK affecting exports performance: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/high-tariffs-faced-by-indian-exporters-in-eu-uk-affecting-exports-performance-govt/articleshow/84888176.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “High tariffs faced by Indian exporters in key markets such as the EU and the UK as compared to zero duty access given
Govt done well to protect depositors and bolster confidence in banks
Clipped from: https://indianexpress.com/article/opinion/editorials/deposit-insurance-and-credit-guarantee-corporation-bill-2021-money-5-lakhs-7429195/ Government has done well to protect interests of depositors and bolster confidence in banks. More needs to be done While these are important
Covid-19 hit MSMEs hard; credit availability, liquidity a challenge: Niti Aayog’s Rajiv Kumar – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/covid-19-hit-msmes-hard-credit-availability-liquidity-a-challenge-niti-aayogs-rajiv-kumar-302882-2021-07-30 Rajiv Kumar says the Centre is working towards a transition to cash-flow based funding for SMEs. Switch from inventory-based credit to cash-flow based
The importance of UN Model tax negotiations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-importance-of-un-model-tax-negotiations-bilateral/article35612035.ece India can play a pivotal role in ensuring fair and equitable distribution of taxing rights in bilateral treaties The Supreme Court recently settled
E-way bill generation likely to exceed 5 crore in July – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-likely-to-exceed-5-crore-again-in-july/article35603694.ece This will get reflected in GST collection The e-way bill generation is set to cross five crore-mark in July, but it is still
Revenue dept agrees to correct duty inversion in textiles, but GST Council defers matter – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/policy/revenue-dept-agrees-to-correct-duty-inversion-in-textiles-but-gst-council-defers-matter/article35608324.ece No study conducted to know impact of non-uniform GST rates on raw materials, says MoS Textiles The Revenue Department has informed that an
Why a bad bank is good – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-a-bad-bank-is-good/article35611525.ece It is vital for restoring the banking system’s health Talk of a bad bank has been around for the last 3-4 years. The
We have a deep conviction in the India growth story: Uday Kotak – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-have-a-deep-conviction-in-the-india-growth-story-uday-kotak/article35613449.ece Uday Kotak, Managing Director and CEO, Kotak Mahindra Bank – Business Line Uday Kotak, Managing Director and CEO, Kotak Mahindra Bank – Business
Finance ministry sticks to double-digit economic growth forecast | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/finance-ministry-sticks-to-double-digit-economic-growth-forecast-121072901760_1.html Sanyal says ministry’s assessment of inflation remains on a par with RBI’s Principal Economic Advisor Sanjeev Sanyal Even when most global organisations have
Include cryptocurrency gains in income-tax returns, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/include-cryptocurrency-gains-in-income-tax-returns-say-analysts-121072901736_1.html Treat it as capital gain if you buy and hold; as business income if you trade frequently Two ITR forms are relevant for
Explained: How push for factoring could benefit the MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/explained-how-push-for-factoring-could-benefit-the-msme-sector-121072901563_1.html In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
India should nationalise Vodafone Idea, head off Jio-dominated duopoly | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-should-nationalise-vodafone-idea-head-off-jio-dominated-duopoly-121073000120_1.html Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player. India’s
aniltikotekar4sme.com 