Clipped from: https://economictimes.indiatimes.com/wealth/spend/rbi-issues-master-directions-for-issuance-of-credit-cards-what-cardholders-should-know/articleshow/90981453.cms Synopsis For the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key
Month: April 2022
*Threat of shrinking forex reserves to amplify only if oil surges past $140 | The Financial Express
Clipped from: https://www.financialexpress.com/economy/threat-of-shrinking-forex-reserves-to-amplify-only-if-oil-surges-past-140/2498485/ Looking ahead, in terms of current account deficit (CAD), we expect the average quarterly level in FY2023 to be modestly higher than H2
*Economy in a bind: The tag of world’s fastest-growing economy is just a small consolation | The Financial Express
lipped from: https://www.financialexpress.com/opinion/economy-in-a-bind-the-tag-of-worlds-fastest-growing-economy-is-just-a-small-consolation/2498320/ Two years of Covid have sapped the economy and, as RBI noted recently, economic activity is recovering but is barely above its pre-pandemic
*GST requires major administrative reforms – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/gst-requires-major-administrative-reforms/article65338944.ece GST Need for administrative reforms | Photo Credit: indiaphotos A mere tweaking of tax rates or slabs will not be of much help.
Signs of a good (and bad) investment advisor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/signs-of-a-good-and-bad-investment-advisor/article65320863.ece Find out if your advisor is actually focussed on your financial well-being or his Indian investors get their investment advice from many sources. Though
*IT employees’ union writes to Centre against Infosys, seeks removal of non-compete clause – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/it-employees-union-writes-to-centre-against-infosys-seeks-removal-of-non-compete-clause/article65338859.ece FILE PHOTO: An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28,
*Shortcomings of Online Gaming (Regulation) Bill – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/gavelshortcomings-of-online-gaming-regulation-bill/article65321561.ece Creative background, online casino, in a man’s hand a smartphone with playing cards, roulette and chips, black-gold background. Internet gambling concept. Copy space.
*Chinese solar module companies renege on contracts with Indian firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/chinese-solar-module-companies-renege-on-contracts-with-indian-firms/article65338056.ece India has 3 GW of cell manufacturing capacity now as against China’s 350 GW capacity More than 80 per cent of India’s solar PV
*Global supply chain disruption set to get worse due to delays at Chinese ports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/global-supply-chain-disruption-set-to-get-worse-due-to-delays-at-chinese-ports/article65339107.ece The trade in India is worried about diversion of large volumes of empty containers to China to load cargo for the US markets
*The slowdown in 2019-20 was neither anomalous, nor inexplicable | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-slowdown-in-2019-20-was-neither-anomalous-nor-inexplicable-122041900239_1.html It is important to remember that growth had been slowing for five consecutive quarters before 2019-20 Economists love to find trends or anomalies,
*Reserve Bank of India’s latest norms won’t be disruptive to NBFCs | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/reserve-bank-of-india-s-latest-norms-won-t-be-disruptive-to-nbfcs-122042100010_1.html Intend to narrow regulatory arbitrage between banks and shadow banks Photo: Shutterstock The latest norms concerning large exposures, additional disclosures, and lending to
Suppression in Net Sales assessable as “Business Income”, can’t be treated as Deemed Income u/s 68: ITAT
Clipped from: https://www.taxscan.in/suppression-in-net-sales-assessable-as-business-income-cant-be-treated-as-deemed-income-u-s-68-itat/169020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20Income Top Stories By Rasheela Basheer – On April 19, 2022 8:10 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income surrendered
https://www.taxscan.in/assessing-officer-cannot-interfere-with-the-business-decisions-of-assessee-itat/169183/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Assessing%20Officer
Clipped from: https://www.taxscan.in/assessing-officer-cannot-interfere-with-the-business-decisions-of-assessee-itat/169183/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Assessing%20Officer Top Stories By Rasheela Basheer – On April 19, 2022 4:12 pm The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer
*Tax optimiser: NPS, perks can cut Sinha’s tax by Rs 83,000 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-optimiser-nps-perks-can-cut-sinhas-tax-by-rs-83000/articleshow/90894487.cms Synopsis Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. Pune-based professional Abinash Sinha
*Bond Market: Banks, bond market stay ahead of RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/banks-bond-market-stay-ahead-of-rbi/articleshow/90942964.cms Synopsis In essence, banks and the bond market are now ahead of the RBI on the interest rate upcycle. A clutch of banks,
*SBI locker claim settlement: How settlement will work after death of locker hirer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/sbi-locker-claim-settlement-how-settlement-will-work-after-death-of-locker-hirer/articleshow/90934211.cms Synopsis When opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for
People are flocking to this Twitter alternative following the Elon Musk drama – BusinessToday
Clipped from: https://www.businesstoday.in/technology/news/story/people-are-flocking-to-this-twitter-alternative-following-the-elon-musk-drama-330590-2022-04-20 This social media site has been growing in popularity ever since it was launched in 2016. (Photo: Mastodon) Just after telling you guys
Can’t offer undue sympathy to officer accused of defrauding postal dept: SC | Deccan Herald
Clipped from: https://www.deccanherald.com/national/cant-offer-undue-sympathy-to-officer-accused-of-defrauding-postal-dept-sc-1102095.html The government employee was accused of defrauding the postal department by withdrawal of Rs 16.59 lakh from accounts Supreme Court of India. Credit:
*Can you buy a house in hometown on loan and claim tax deductions? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/work-from-home-can-you-buy-a-house-in-hometown-on-loan-and-claim-tax-deductions/2496830/ Taking advantage of work from home, many employees – especially those staying on rent in metro cities – may have shifted to their
*Income Tax: You can disclose capital gains from mutual funds and shares in ITR-4 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-you-can-disclose-capital-gains-from-mutual-funds-and-shares-in-itr-4/2496942/ ITR-4 can be filed by individuals with income up to Rs 50 lakh from business or profession and have opted for presumptive taxation
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