Clipped from: https://www.business-standard.com/article/finance/centre-sebi-to-discuss-exempting-lic-from-public-shareholding-norm-122042901025_1.html The government is also not looking to dilute any further stake in LIC for at least a year Sebi The finance ministry will hold discussions
Month: April 2022
***Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bank-credit-to-industry-turns-around-in-fy22-infra-lending-tops-rs-1-trn-122042901210_1.html Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5%
*Indian refiners negotiating 6-month deal with Russia to import oil: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/indian-refiners-negotiating-6-month-deal-with-russia-to-import-oil-report-122042900814_1.html India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb.
**Core sector picks up sequentially; registers double digit growth in March | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/core-sector-picks-up-sequentially-registers-double-digit-growth-in-march-122042901122_1.html A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum. Growth in eight infrastructure sectors saw robust
***GoM likely to discuss imposing flat 28% GST on online gaming | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gom-likely-to-discuss-imposing-flat-28-gst-on-online-gaming-122042901532_1.html Set to meet on Monday to iron out issues, including tax ambiguities An empowered group of ministers (GoM) — set up to look
**RBI new ban likely to push up approval cost for property developers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-new-ban-likely-to-push-up-approval-cost-for-property-developers-122042901490_1.html The issue could be more worrisome for developers in Mumbai because premium payment and TDR appertain more to the city, experts said. Photo:
*Over 50% PMC depositors have stayed with Unity: Centrum Group’s Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/over-50-pmc-depositors-have-stayed-with-unity-centrum-group-s-bindra-122042901508_1.html Unity Small Finance Bank’s first leg of journey is integration: Bindra Jaspal Bindra, chairman of Centrum Group All branches of the beleaguered Punjab
Tata Motors has global ambitions for electric vehicles: N Chandrasekaran | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-motors-has-global-ambitions-for-electric-vehicles-n-chandrasekaran-122042900675_1.html Tata Sons Chairman N Chandrasekaran stresses the automaker’s global plans for its EVs over the next three years The model developed ground up
*****India to overcome Covid-19 pandemic losses by FY35, says RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-to-overcome-covid-19-pandemic-losses-by-fy35-says-rbi-report-122043000017_1.html 6.5-8.5% is the feasible range for medium-term steady state GDP growth in India Photo: Shutterstock It is only by 2034-35 that India is
Monthly selling streak by FPIs worst since global financial crisis in 2008 | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/monthly-selling-streak-by-fpis-worst-since-global-financial-crisis-in-2008-122042901588_1.html Pull out capital for 7th straight month in April A fall in the rupee eats into the returns for overseas investors Foreign portfolio
Tourist Visa: Can you change your tourist visa into a student or work visa once you’ve landed in the US? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/can-you-change-your-tourist-visa-into-a-student-or-work-visa-once-youve-landed-in-the-us/articleshow/91118290.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis A change of status means a change in your intention. For example, when you obtain a visa and enter the USA, you
*****Inflation India: Covid may get over, Ukraine war may end but inflation is going to continue: Swaminathan Aiyar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/covid-may-get-over-ukraine-war-may-end-but-inflation-is-going-to-continue-swaminathan-aiyer/articleshow/91141437.cms SECTIONS Covid may get over, Ukraine war may end but inflation is going to continue: Swaminathan Aiyar By Tamanna Inamdar ,Last Updated: Apr
Mukesh Ambani: Exclusive: Largest cross-border M&A for Mukesh Ambani in the making – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/largest-cross-boder-ma-for-ambani-in-making/articleshow/91134443.cms Synopsis Ambani has sets his aim on another marque multi-billion dollar cross border buyout — Walgreens Boots Alliance Inc’s international chemist and drugstore
*Can the Rent Paid to Parents or Spouses be Eligible for HRA Exemption under the Income Tax Act?-TAXSCAN
Read More: https://www.taxscan.in/can-the-rent-paid-to-parents-or-spouses-be-eligible-for-hra-exemption-under-the-income-tax-act/170707/ Clipped from: https://www.taxscan.in/can-the-rent-paid-to-parents-or-spouses-be-eligible-for-hra-exemption-under-the-income-tax-act/170707/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=HRA Top Stories By Aleena Elizabeth – On April 26, 2022 8:48 pm Whether Paying Rent to Parents or Spouses to be considered a Tax
*Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/digital-data-recovered-during-search-has-evidentiary-value-can-be-relied-on-to-make-addition-itat/170723/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Digital%20Data Top Stories By Rasheela Basheer – On April 26, 2022 5:04 pm The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the
*Delhi HC strikes down Explanation to CBDT Notifications for Re-Assessment after 31st March 2021, Quashes Notices-TAXSCAN
Clipped from: https://www.taxscan.in/delhi-hc-strikes-down-explanation-to-cbdt-notifications-for-re-assessment-after-31st-march-2021-quashes-notices/170882/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBDT Top Stories By Taxscan Team – On April 27, 2022 10:22 am In a significant ruling, a division bench of the Delhi High Court comprising Mr. Justice
*Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee-TAXSCAN
Clipped from: https://www.taxscan.in/delay-in-completing-assessment-after-4-years-of-search-bombay-hc-allows-compensation-to-assessee/170786/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Completing%20Assessment Top Stories By Rasheela Basheer – On April 27, 2022 7:20 am A division bench of the Bombay High Court has directed the income tax department
*Income Tax Law does not prohibitAssessing Officer to go beyond the Reasonsbased on which Re-Assessment Initiated: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/income-tax-law-does-not-prohibit-assessing-officer-to-go-beyond-the-reasons-based-on-which-re-assessment-initiated-itat/171029/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=IT%20Law Top Stories By Rasheela Basheer – On April 27, 2022 8:30 pm The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that there is no
Delay of 1217 Days in filing Appeal due to Covid-19: ITAT imposes Cost of Rs. 25,000 to Condone Delay [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/delay-of-1217-days-in-filing-appeal-due-to-covid-19-itat-imposes-cost-of-rs-25000-to-condone-delay/170947/ Clipped from: https://www.taxscan.in/delay-of-1217-days-in-filing-appeal-due-to-covid-19-itat-imposes-cost-of-rs-25000-to-condone-delay/170947/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Condone%20Delay Top Stories By Rasheela Basheer – On April 27, 2022 6:03 pm While condoning a delay of 1217 days in filing an income tax
New reporting requirements for companies put onus on auditors | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/new-reporting-requirements-for-companies-put-onus-on-auditors-122042601472_1.html Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines Representative image Auditors should seek direct confirmation on ‘borrowed
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