Clipped from: https://www.thehindubusinessline.com/companies/hindalco-net-up-eight-times-to-3417-crore-in-q2/article37457041.ece Lower base, sharp increase in realisation boost numbers Hindalco Industries, an Aditya Birla Group company, has reported that its net profit jumped over
Day: November 13, 2021
Parochial economics – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-haryana-law-reserving-private-sector-jobs-for-locals-is-anti-industry-it-will-stifle-the-labour-market/article37460208.ece The Haryana law reserving private sector jobs for locals is anti-industry. It will stifle the labour market The Haryana government’s notification last week
Diabetes assumes threatening proportions – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/diabetes-assumes-threatening-proportions/article37461523.ece Diabetes has heightened risks for Covid patients, while also afflicting those recovering from Covid. It needs close monitoring The numbers rang a warning
Consensus eludes panel on Data Bill – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/consensus-eludes-panel-on-data-bill/article37463194.ece Some members say that provisions are not enough, need to be strengthened Consensus continues to elude the joint select committee of Parliament on
Notices to firms after mismatch in GST tax credits – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/notices-to-firms-after-mismatch-in-gst-tax-credits/articleshow/87659414.cmsSynopsis The GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials
There’s a glut brewing in a $161 billion slice of the chip sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/theres-a-glut-brewing-in-a-161-billion-slice-of-the-chip-sector/articleshow/87658730.cmsSynopsis Prices of DRAM, the most ubiquitous of chips, will likely fall 15% in 2022 after buyers stocked their shelves this year to cope
Retail Direct scheme: A tiny step in a big direction – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-tiny-step-in-a-big-direction/articleshow/87673457.cmsSynopsis If the government were serious about drawing retail investors to the government bond market, it would allow gilts to be traded on stock
ED comes up with unique system to end fake summons by unscrupulous individuals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/ed-comes-up-with-unique-system-to-end-fake-summons-by-unscrupulous-individuals/articleshow/87670417.cmsSynopsis In order to allow the individuals to verify the authenticity of the summons received by them, the Directorate of Enforcement has implemented a
RBI asks banks not to standardise bad loans on just getting interest payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-not-to-standardise-bad-loans-on-just-getting-interest-payments/articleshow/87672712.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Issuing some clarifications to all the extant provisions and including the ones issued on October 1, 2021, on the prudential norms on income
Restrictions put on Laxmi Coop Bank, Solapur; Rs 1,000 cap on withdrawals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/restrictions-put-on-laxmi-coop-bank-solapur-rs-1000-cap-on-withdrawals/articleshow/87672824.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23NEXT STORY RBI asks banks not to standardise bad loans on just getting interest payments Synopsis Issuing some clarifications to all the extant provisions
RBI’s retail direct gilt scheme: How to invest and what’s in it for you? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/rbis-direct-retail-gilt-scheme-how-to-invest-and-whats-in-it-for-you/articleshow/87666162.cmsSynopsis The scheme is aimed at facilitating investment by retail investors in gilts by improving ease of access and providing a direct portal for
Window for surplus dollar required: MNC banks to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/window-for-surplus-dollar-required-mnc-banks-to-rbi/articleshow/87676477.cmsSynopsis These banks, which act as custodians for foreign portfolio investors (FPIs), fear a dollar pile-up could cause a breach of regulatory exposure limits
Now, companies can have ‘differential voting rights’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/now-companies-can-have-differential-voting-rights/article37269025.ece SEBI has announced the framework for public issuance of ordinary shares by issuer companies having promoters holding Superior Voting Right shares Crafted for
Legitimate tax planning not taboo – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/legitimate-tax-planning-not-taboo/article37048314.ece The Supreme Court, in a landmark judgment in the 1985 case of CTO Vs McDowell and Co Ltd, declared that “it is the
US allows ‘automatic extension’ of work permits for spouses of H-1B visa holders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/us-allows-automatic-extension-of-work-permits-for-spouses-of-h-1b-visa-holders/article37461226.ece Move will benefit thousands of spouses of IT professionals Following a class-action lawsuit filed by the American Immigration Lawyers Association (AILA) on behalf
Watch | PM Modi launches RBI Retail Direct scheme. What is it about? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/watch-pm-modi-launches-rbi-retail-direct-scheme-what-is-it-about/article37455794.ece?homepage=true The RBI Retail Direct Scheme will help ease retail investors’ access to the government securities market. The RBI Integrated Ombudsman Scheme will help
Egypt’s ban of tuk-tuk to hit India’s 3-wheeler OEMs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/egypts-ban-of-tuk-tuk-to-hit-indias-3-wheeler-oems/article37462972.ece Bajaj Auto, seen to be worst affected, may move to exporting Quadricycles Egypt’s decision to ban the import of three-wheelers (tuk-tuks), citing safety
Covax: How to fight climate change effectively? The failure of Covax has some powerful lessons – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/how-to-fight-climate-change-effectively-the-failure-of-covax-has-some-powerful-lessons/articleshow/87660629.cmsSynopsis The world will never be able to reach its climate goals if large emerging economies such as Brazil and India can’t decarbonize just
SC issues contempt warning; Army agrees to give women permanent commission | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/sc-indian-army-permanent-commission-women-officers-7619613/ “The Army may be supreme in its authority, but this constitutional court is also supreme in its jurisdiction. We gave you a very
Global inflation conundrum | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/global-inflation-conundrum-121110901959_1.html RBI should continue the unwinding process Higher inflation has complicated policy choices for most central banks, including in advanced economies. Central banks reduced interest rates
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