Clipped from: https://economictimes.indiatimes.com/industry/services/retail/india-court-dismisses-futures-plea-to-declare-arbitration-with-amazon-illegal/articleshow/88690498.cmsSynopsis The ruling came after Future urged a New Delhi judge that given India’s antitrust agency had suspended a 2019 deal used by Amazon
Day: January 5, 2022
ITR filing penalty: These taxpayers don’t have to pay late fee for missing deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-penalty-these-taxpayers-dont-have-to-pay-late-fee-for-missing-deadline/articleshow/86029470.cmsSynopsis There are certain individuals who can file their ITR without paying a penalty even after the expiry of the deadline. Let us take
Why are so many vaccinated people getting infected with Covid-19 lately? These factors could be at play – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/omicron-threat-why-are-so-many-vaccinated-people-getting-infected-with-covid-19-lately/articleshow/88685625.cmsSynopsis Omicron appears to replicate much more efficiently than previous variants. A couple of factors are at play, starting with the emergence of the
india gold import: India’s spends record $55.7 billion on gold imports in 2021: Govt source – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-spends-record-55-7-billion-on-gold-imports-in-2021-govt-source/articleshow/88684634.cmsSynopsis The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9
Indian pharma industry estimated to grow 9-11% in 2021-22: ICRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/indian-pharma-industry-estimated-to-grow-9-11-in-2021-22-icra/articleshow/88691254.cmsSynopsis “Revenue growth for ICRA sample set is estimated at 9-11 per cent in FY2022 and in FY2023, supported by gradual recovery post the
External sector slowly weakening again – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/external-sector-slowly-weakening-again/articleshow/88670363.cmsSynopsis The current account is back in deficit after a modest surplus last year not only because of a widening trade deficit, but pressures
GST hike on textiles will put financial burden on 85% population if not withdrawn: Traders to Piyush Goyal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-gst-hike-on-textiles-will-put-financial-burden-on-85-population-if-not-withdrawn-traders-to-piyush-goyal/2398296/ Ease of Doing Business for MSMEs: In November 2021, the government had notified uniform GST at 12 per cent on man made fibre (MMF), MMF yarn, MMF
Apparel exports shrug off pandemic blues to grow 35% in first 3 quarters – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/garment-exports-grow-35-per-cent-to-113-billion-in-first-three-quarters/article38106720.ece India’s monthly garment exports touched a record high of $37.29 billion in December 2021, posting a growth of 37 per cent year-on-year. India’s
Sebi simplifies process for exercising commodity options contract – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-simplifies-process-for-exercising-commodity-options-contract/article38105735.ece On expiry, all ‘in the money’ option contracts will be exercised automatically, unless otherwise specified Market regulator Sebi has decided to simplify the
Digital loan sharks face crackdown as complaints mount – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-loan-sharks-face-crackdown-as-complaints-mount/article38104973.ece The RBI has received complaints against 1,509 digital lending applications courtneyk The RBI has received complaints against 1,509 digital lending applications courtneyk× RBI
Ensuring the safety of insurance sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ensuring-the-safety-of-insurance-sector/article38044088.ece Their close inter-relationship with banks causes opaque monopolies and risks The RBI recently proposed to reduce the ownership by banks over insurance companies
No thing called free electricity – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/no-thing-called-free-electricity/articleshow/88697000.cmsSynopsis The ground reality is that nearly a fifth of the power supplied nationally is simply not billed. State power utilities remain financially moribund.
Is GDP data a reliable way to measure the health of the economy?Rajeswari Sengupta writes: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/gdp-data-indian-economic-recovery-7704719/ Rajeswari Sengupta writes: There are serious problems with India’s GDP data. Any analysis of recovery or growth forecast based on this data must
Crypto platforms lack clarity on tax provisions: Industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/crypto-platforms-lack-clarity-on-tax-provisions-industry/articleshow/88677521.cms SynopsisAfter the Goods and Services Department, which slapped a ₹40 crore GST demand on crypto exchange WazirX last month, the Directorate General of
The limits of MSP | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-limits-of-msp-122010401570_1.html Farm sector needs intervention at multiple levels The year-long farm protests ended last month after the government got the three contentious farm laws
Shortfalls, again | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/shortfalls-again-122010401568_1.html Union Budget must stop relying on disinvestment proceeds In recent years, the government’s disinvestment targets in the Union Budget have shown considerably greater ambition than they did
Tighter norms likely to rein in wild HNI bets in IPOs, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/tighter-norms-likely-to-rein-in-wild-hni-bets-in-ipos-say-experts-122010401532_1.html Earmarking a third of the NII portion for small-ticket investors can help democratise allotments, say experts Illustration: Ajay Mohanty The Securities and Exchange
Weaving it right – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/gst-rate-rationalisation-in-textiles-needs-to-be-carefully-thought-through/article38115718.ece GST rate rationalisation in textiles needs to be carefully thought through The GST Council has done the right thing in referring rate rationalisation
Agriculture needs a separate budget – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/agriculture-needs-a-separate-budget/article38116021.ece Farmers need a helping hand – REUTERS Farmers need a helping hand – REUTERS× Agriculture is too diverse a subject for it to
Outside tax net for too long – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/outside-tax-net-for-too-long/article38116158.ece Time to tax the income of political parties, rich farmers Finance Minister Nirmala Sitharaman recently concluded her pre-Budget meetings with different stakeholder groups.
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