Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-body-fpce-urges-housing-ministry-to-act-against-realty-projects-rera-timelines-extension/articleshow/85949359.cmsSynopsis It has urged the ministry to direct these states to withdraw their notifications granting such extensions provided to developers arbitrarily without any relief
Month: September 2021
Govt’s criticism of Infosys, Tata worries businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/govts-criticism-of-infosys-tata-worries-businesses/articleshow/86033616.cmsSynopsis Just last month, the finance ministry “summoned” Infosys’ CEO over the tech issues and in an unusual step took to Twitter to announce
PLI scheme: Cabinet approves Rs 10,683 cr PLI scheme for textile sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cabinet-approves-rs-10683-cr-pli-scheme-for-textile-sector/articleshow/86033142.cmsSynopsis The scheme, part of 13 identified sectors, some of which have already been approved by the Union Cabinet, is expected to boost manufacturing
Income tax portal’s tech issues being progressively addressed; 1.19 crore ITRs filed: CBDT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/income-tax-portals-tech-issues-being-progressively-addressed-1-19-crore-itrs-filed-cbdt/articleshow/86040786.cmsSynopsis Two facilities ( Aadhaar- PAN linking and e-PANs) are being availed of by over 0.50 lakh taxpayers on a daily basis in September
PLI scheme: Voltas, Blue Star among AC biggies planning to invest ₹3,000 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/pli-scheme-ac-majors-set-to-invest-3000-cr/articleshow/86023660.cmsSynopsis Voltas, Blue Star, Dixon, China’s GMCC, Amber Enterprises, Panasonic, Lloyd and Hindalco are set to apply for the government’s production-linked incentive (PLI) scheme
ITR penalty: Penalty for missing ITR filing deadline has been cut to half – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/tax/penalty-for-missing-itr-filing-deadline-has-been-cut-to-half/articleshow/85973433.cms For the financial year 2020-21, the deadline to file income tax return (ITR) is September 30, 2021 (it was extended from the usual deadline of
Will India’s export boom herald a return to 7% miracle GDP growth? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/so-is-this-the-7-solution/articleshow/86027342.cms SynopsisIn 2021, for the first time in eight years, exports are booming. Merchandise exports hit a record $35.17 billion (₹2.58 lakh crore) in
RBI’s resolution framework: A prudent mechanism for banks, NBFCs to initiate insolvency process – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/rbis-resolution-framework-a-prudent-mechanism-for-banks-nbfcs-to-initiate-insolvency-process-306119-2021-09-07 The framework provides a prudential framework for banks and NBFCs to recognise and report the defaults with complete freedom to design and implement
How Account Aggregators can help you get the best loan, insurance or investment deals – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/banking/story/how-account-aggregators-can-help-you-get-the-best-loan-insurance-or-investment-deals-305792-2021-09-02 Account Aggregator is like an exchange platform between banks and institutions sharing the data. It consolidates all the financial data in one place
Pharma industry must turn more innovative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pharma-industry-must-turn-more-innovative/article36345068.ece?homepage=true To go beyond generics, the industry needs policy support by way of R&D tax breaks, patent law tweaks and research talent Perhaps the
Listen to Supreme Court on Tribunals Act – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/listen-to-supreme-court-on-tribunals-act/2325954/ Minimum-age for tribunal membership and short tenures will be a hurdle for tribunals in acquiring the needed talent The government needs to move
NBFC regulation needs to be strengthened – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/nbfc-regulation-needs-to-be-strengthened/article36344108.ece?homepage=true As NBFCs have become systemically important, regulation must be on a par with banks to ensure financial stability In June 2021, the Reserve
Senior citizens above 75 years can avoid filing ITR from next year | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/senior-citizens-above-75-years-can-avoid-filing-itr-from-next-year-121090701400_1.html Instead, they will just have to make a declaration in Form 12BBA to their bank, which will deduct TDS Senior citizens must fulfil
The employment dividend from exports | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-employment-dividend-from-exports-121090701697_1.html The surge in some export sectors has the potential to address India’s urban jobs challenge with necessary policy intervention India’s exports of merchandise
Govt heeds telecom sector’s call: Major licence fee, AGR relief expected on September 8 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/govt-heeds-telecom-sectors-call-major-licence-fee-agr-relief-expected-on-september-8/article36346666.ece?homepage=true Cabinet seen re-defining AGR, giving moratorium on spectrum instalment payment In a major relief package for the telecom sector, the Cabinet is likely
Freak trade at NSE, yet again – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/freak-trade-at-nse-yet-again/article36346366.ece The National Stock Exchange witnessed yet another freak trade in the futures and options section on Tuesday. The wild swing in Bank Nifty
hdfc bank: HDFC Bank partners with NSIC to offer credit support to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/hdfc-bank-partners-with-nsic-to-offer-credit-support-to-msmes/articleshow/86002065.cms NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support
Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/crypto-not-currency-needs-to-be-regulated-as-asset-ex-rbi-dg-gandhi/articleshow/86004732.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis After quite a lot of debate over the years, Gandhi said, people have fully understood that crypto cannot be a currency because the
faceless assessment: Change the customs: Faceless assessment scheme runs into familiar issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/change-the-customs-faceless-assessment-scheme-runs-into-familiar-issues/articleshow/85996611.cms SynopsisThe new faceless customs assessment was meant to ease the documentation in import and export of goods. But it has doubled the work
MSMEs welcome Income Tax rules tweak by govt to ease e-records authentication in faceless assessments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-welcome-income-tax-rules-tweak-by-govt-to-ease-e-records-authentication-in-faceless-assessments/2325850/ Ease of Doing Business for MSMEs: Under the existing provisions of faceless assessment, the EVC-led authentication process was not available to certain companies,
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