Clipped from: https://www.business-standard.com/article/economy-policy/india-inc-plans-greater-capex-push-in-fy23-says-ceo-survey-by-bs-122042601459_1.html More than half the CEOs surveyed say they plan to increase investment by over 25% Companies in India are planning to accelerate investment
Month: April 2022
White goods PLI round 2: 19 global, domestic companies file applications | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/white-goods-pli-round-2-19-global-domestic-companies-file-applications-122042700017_1.html A senior government official said the second round of applications was invited as the entire allocated funds were not utilised. As many 19
*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
*Over 16 crore Indians are credit underserved: study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/over-16-crore-indians-are-credit-underserved-study/article65353047.ece According to TransUnion Cibil study, about 50 per cent adult population is credit unserved Over 16 crore Indians were considered to be credit
*Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT–taxscan
clipped from: https://www.taxscan.in/remuneration-to-partner-out-of-profit-is-not-salary-cannot-be-treated-as-expenditure-for-the-purpose-of-s-40a3-itat/170368/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Salary Top Stories By Taxscan Team – On April 24, 2022 11:08 am The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the remuneration paid
Poultry industry to Centre: Allocate 2 mt of damaged grains to be used as feed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-industry-urges-centre-to-allot-2-mt-of-damaged-grains-to-be-used-as-poultry-feed/article65353094.ece NECC says industry passing through one of the worst crises in history National Egg Coordination Committee (NECC) has stated that thousands of small
Industry well placed to ride any RBI policy rate hike: CII President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/industry-well-placed-to-ride-any-rbi-policy-rate-hike-cii-president/article65353796.ece TV Narendran, President, CII | Photo Credit: KAMAL NARANG Policy rate hike seems imminent with industry claiming preparedness to cope with it; former
*Reassessment shall be Conducted by Same Officer or his Successor who Conducted Assessment: Gujarat HC quashes Reassessment Initiated by DRI [Read Order]
Read More: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/ Clipped from: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Jwala K.P – On April 25, 2022 12:19 pm The Gujarat High Court has held that reassessment shall be conducted by
No Service Tax can be levied on Liquidated Damages received under any Contract: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/ Clipped from: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Liquidated%20Damages Top Stories By Jwala K.P – On April 25, 2022 2:13 pm The Principal Bench of New Delhi Customs, Excise & Service Tax Appellate
To boost exports, port logistics must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/to-boost-exports-port-logistics-must-improve/article65352154.ece A performance index based on 11 parameters shows ports in the east and the south lag behind the others India has been making
Auto majors sitting on 7.5-lakh pending orders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/auto-majors-sitting-on-75-lakh-pending-orders/article65352121.ece Customers are booking multiple brands and may go for one that is likely to be delivered first, say dealers C_V_SUBRAHMANYAM | Photo Credit:
Analyst targets on ICICI Bank soar past Rs 1,000 as lender beats HDFC Bank on all parameters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/analyst-targets-on-icici-bank-soar-past-rs-1000-as-lender-beats-hdfc-bank-on-all-parameters/articleshow/91069908.cms Synopsis The lender said its provision saw a sharp decline along with an improvement in asset quality. The management continues to focus on
Workforce: Majority of India’s 900 million workforce stop looking for jobs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/majority-of-indias-900-million-workforce-stop-looking-for-jobs/articleshow/91063233.cms Synopsis With India betting on young workers to drive growth in one of the world’s fastest-expanding economies, the latest numbers are an ominous
*Bank liable for break-in and theft from locker | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bank-liable-for-break-in-and-theft-from-locker-122042400916_1.html The National Commission observed that when a locker is broken into, it constitutes a breach of the promised assurance of safety, and is
Early bird Q4 results hint at slowdown for India Inc in upcoming quarters | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/early-bird-q4-results-hint-at-slowdown-for-india-inc-in-upcoming-quarters-122042401046_1.html Though sales surged 15.1% YoY in Q4, the growth was slower sequentially Illustration: Ajay Mohanty The early bird results for the January-March 2022
*Missing inflation mandate is a possibility: RBI’s MPC member Jayanth Varma | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/missing-inflation-mandate-is-a-possibility-rbi-s-mpc-member-jayanth-varma-122042500014_1.html ‘The markets should not assume we will guide them, because the data is coming without warning’, said Varma Jayanth R Varma, member, Monetary
GST detects Rs 10 cr cash, turnover of Rs 1,764 cr in toilet-sized office | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/gst-detects-rs-10-cr-cash-turnover-of-rs-1764-cr-in-toilet-sized-office-1103239.html Most of these places, including the tiny one raided, were not disclosed as place of business in the registration with the State GST
SC moots deeper scrutiny before award of death penalty – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/tp-national/sc-moots-deeper-scrutiny-before-award-of-death-penalty/article65346666.ece The Supreme Court on Friday asked Attorney General K.K. Venugopal for assistance to institutionalise a mechanism by which information crucial to decide whether
SC to hear plea on redressal of wrongly prosecuted persons – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/tp-national/sc-to-hear-plea-on-redressal-of-wrongly-prosecuted-persons/article65346682.ece ‘There is an alarming pendency of over 40 million cases’ ‘There is an alarming pendency of over 40 million cases’ The Supreme Court
*This age of inflation – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/this-age-of-inflation/article65344563.ece?homepage=true How RBI postponed the necessary course-correction Representational photo: The RBI has fed the inflation dragon by consciously and actively letting monetary policy stray
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