Clipped from: https://www.business-standard.com/article/economy-policy/india-s-fy23-gdp-growth-estimated-at-7-4-ficci-survey-122040300687_1.html RBI is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps
Month: April 2022
*India’s health budget still in need of improvement, shows data | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-s-health-budget-still-in-need-of-improvement-shows-data-122040300926_1.html There is the problem of the current infrastructure being able to absorb higher levels of funding Funding to this crucial department has been
*Unviable populist schemes may create SL-like situation: Bureaucrats to Modi | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/bureaucrats-express-concern-over-unviable-populist-schemes-by-states-in-meeting-with-pm-modi-122040300780_1.html A few senior bureaucrats raised concern to PM Modi over populist schemes announced by several states, claiming they are economically unsustainable and could
*Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT
Read More: https://www.taxscan.in/re-assessment-solely-based-on-information-from-investigation-wing-is-invalid-without-independent-inquiry-by-ao-itat/164250/ Clipped from: https://www.taxscan.in/re-assessment-solely-based-on-information-from-investigation-wing-is-invalid-without-independent-inquiry-by-ao-itat/164250/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Delhi%20bench%20of%20the%20ITAT Top Stories By Rasheela Basheer – On March 28, 2022 10:44 am The Delhi bench of the ITAT comprising Shri R. K. Panda, Accountant Member
*Raising Objection is a Valuable Legal Right of Assessee, Dept cannot deny it: ITAT–TAXSCAN
Read More: https://www.taxscan.in/raising-objection-is-a-valuable-legal-right-of-assessee-dept-cannot-deny-it-itat/164399/ Clipped from: https://www.taxscan.in/raising-objection-is-a-valuable-legal-right-of-assessee-dept-cannot-deny-it-itat/164399/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Objection Top Stories By Taxscan Team – On March 28, 2022 7:02 pm The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the
*****Extend NPA classification period to 180 days from 90 days for MSMEs: FICCI’s Economic Outlook Survey | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-extend-npa-classification-period-to-180-days-from-90-days-for-msmes-ficcis-economic-outlook-survey/2480355/ Ease of Doing Business for MSMEs: The survey, conducted in March 2022 among economists to forecast key macro-economic variables for FY23 and for
*****ship containers: Thousands of Russia-linked ship containers pile up in Rotterdam – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/thousands-of-russia-linked-ship-containers-pile-up-in-rotterdam/articleshow/90619438.cms Synopsis Russian business is a significant part of the port’s operations, as of the roughly 470 million tons transshipped through the facility each
*****PLI scheme: Govt mulls modifications in PLI Scheme for speciality steel; extends last date for application till April 30 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/govt-mulls-modifications-in-pli-scheme-for-speciality-steel-extends-last-date-for-application-till-april-30/articleshow/90621192.cms Synopsis On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had approved a Rs 6,322-crore PLI scheme to
*****ITR forms for FY 2021-22 notified, no major changes in income tax return forms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-forms-for-fy-2021-22-notified-no-major-changes-in-income-tax-return-forms/articleshow/90588604.cms Synopsis The income tax return forms notified by the CBDT for FY 2021-22 have been kept unchanged. The individuals are required to provide
*****Government’s open data push sets off alarms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/governments-open-data-push-sets-off-alarms/articleshow/90503805.cms SynopsisThe Ministry of Electronics and Information Technology (Meity) released a draft of the India Data Accessibility and Use Policy 2022 for public consultation
*I-T probe on Mukesh Ambani family closed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/i-t-probe-on-mukesh-ambani-family-closed/articleshow/90599997.cms Synopsis These sources added that the probe initiated in 2019 under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax
*Indian banks need to get way smarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indian-banks-need-to-get-way-smarter/articleshow/90598830.cms Synopsis Even though banking is ahead of other industries in analytics maturity, there is still enough room for more innovation. Early adopters of
supreme court: ‘Very sorry state of affairs’: SC over delay in execution of arbitral awards – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/very-sorry-state-of-affairs-sc-over-delay-in-execution-of-arbitral-awards/articleshow/90608117.cms Synopsis The apex court said this case is a glaring example of frustrating the arbitration proceedings under the Arbitration Act. It noted that
*****Crypto Tax india: The 1% tax that has India’s crypto industry predicting chaos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/the-1-tax-that-has-indias-crypto-industry-predicting-chaos/articleshow/90603840.cms Synopsis Crypto-exchange executives, lawyers and tax analysts warn that the TDS will suck liquidity out of the market by forcing high-frequency traders to
Rising steel prices to make cars, home construction costlier – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/rising-steel-prices-to-make-cars-home-construction-costlier/article65283047.ece Steel prices in India have been at an all-time high over the last few months following supply shortages in Australian coking coal |
Upstox eyes customer base of 300 million in the next 5 years – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-markets/upstox-eyes-customer-base-of-300-million-in-the-next-5-years/article65282981.ece Ratan Tata and Tiger global backed digital broker Upstox has been growing at a frenetic pace as it rides on ongoing mega trend
MCA yet again defers mandatory audit trail norm by another year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/mca-yet-again-defers-mandatory-audit-trail-norm-by-another-year/article65283004.ece Tax forms, close up | Photo Credit: FabrikaCr In a breather for small and medium-sized companies, the Corporate Affairs Ministry (MCA) has once
*****Current account deficit widens to 9-year high of $23 billion in Q3 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/current-account-deficit-widens-to-9-year-high-of-23-billion-in-q3/article65283006.ece As a percentage of GDP, the current account deficit was at 2.7 per cent during the October-December quarter of FY22 The country’s current
ITR forms for AY 22-23 notified – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/itr-forms-for-ay-22-23-notified/article65283013.ece New Indian ITR-5 Income tax Form with Indian currency and PAN or Permanent Account Number on isolated background. | Photo Credit: lakshmiprasad S
In a first, transaction volumes on UPI cross 500 cr in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/in-a-first-transaction-volumes-on-upi-cross-500-cr-in-march/article65283021.ece Over 17 cr payments worth Rs. 20,000 cr have been made via UPI on daily basis The widely popular Unified Payments Interface (UPI)
aniltikotekar4sme.com 